Common use of Solvency Certificate; Insurance Certificates Clause in Contracts

Solvency Certificate; Insurance Certificates. On or before --------------------------------------------- the Initial Borrowing Date, the Administrative Agent shall have received: (a) a solvency certificate in the form of Exhibit H from an officer of the US Borrower, dated the Initial Borrowing Date, and supporting the conclusion that, after giving effect to the Transaction and the incurrence of all financings contemplated herein, the US Borrower (on a stand-alone basis), the Canadian Borrower (on a stand-alone basis), the UK Borrower (on a stand-alone basis) and the US Borrower and its Subsidiaries (on a consolidated basis), in each case, are not insolvent and will not be rendered insolvent by the indebtedness incurred in connection herewith, will not be left with unreasonably small capital with which to engage in its or their respective businesses and will not have incurred debts beyond its or their ability to pay such debts as they mature and become due; and (b) evidence of insurance complying with the requirements of Section

Appears in 1 contract

Samples: Credit Agreement (GSL Corp)

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Solvency Certificate; Insurance Certificates. On or before --------------------------------------------- the Initial Borrowing Date, the Administrative Agent shall have received: (a) a solvency certificate in the form of Exhibit H J from an the chief financial officer of the US U.S. Borrower, dated the Initial Borrowing Date, and supporting the conclusion that, after giving effect to the Transaction and the incurrence of all financings contemplated herein, the US each Borrower (on a stand-alone basis), the Canadian U.S. Borrower and its Subsidiaries (on a stand-alone consolidated basis), the UK Canadian Borrower and its Subsidiaries (on a stand-alone consolidated basis) and the US Borrower Holdings and its Subsidiaries (on a consolidated basis), in each case, are not insolvent and will not be rendered insolvent by the indebtedness incurred in connection herewith, will not be left with unreasonably small capital with which to engage in its or their respective businesses and will not have incurred debts beyond its or their ability to pay such debts as they mature and become due; and (b) evidence of insurance complying with the requirements of Section

Appears in 1 contract

Samples: Credit Agreement (Westborn Service Center, Inc.)

Solvency Certificate; Insurance Certificates. On or before --------------------------------------------- the -------------------------------------------- Initial Borrowing Date, the Administrative Agent shall have received: (a) a solvency certificate in the form of Exhibit H K from an the chief financial officer of the US BorrowerBorrower or an opinion from a valuation firm reasonably acceptable to the Agents and the Required Banks, dated the Initial Borrowing Date, and supporting the conclusion that, after giving effect to the Transaction and the incurrence of all financings contemplated herein, the US Borrower (on a stand-alone basis), the Canadian Borrower (on a stand-alone basis), the UK Borrower (on a stand-alone basis) and the US Borrower and its Subsidiaries (on a consolidated basis), in each case, are not insolvent and will not be rendered insolvent by the indebtedness incurred in connection herewith, will not be left with unreasonably small capital with which to engage in its or their respective businesses and will not have incurred debts beyond its or their ability to pay such debts as they mature and become due; and (b) evidence of insurance complying with the requirements of Section

Appears in 1 contract

Samples: Credit Agreement (Building One Services Corp)

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Solvency Certificate; Insurance Certificates. On or -------------------------------------------- before --------------------------------------------- the Initial Borrowing Date, the Administrative Agent shall have received: (a) a solvency certificate in the form of Exhibit H from an officer of the US Borrower, dated the Initial Borrowing Date, and supporting the conclusion that, after giving effect to the Transaction and the incurrence of all financings contemplated herein, the US Borrower (on a stand-alone basis), the Canadian Borrower (on a stand-alone basis), the UK Borrower (on a stand-alone basis) and the US Borrower and its Subsidiaries (on a consolidated basis), in each case, are not insolvent and will not be rendered insolvent by the indebtedness incurred in connection herewith, will not be left with unreasonably small capital with which to engage in its or their respective businesses and will not have incurred debts beyond its or their ability to pay such debts as they mature and become due; and (b) evidence of insurance complying with the requirements of Section

Appears in 1 contract

Samples: Credit Agreement (Compass Minerals Group Inc)

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