Common use of Solvency of Account Debtors Clause in Contracts

Solvency of Account Debtors. Each Account Debtor, to the Loan Parties’ knowledge, as of the date each Account is created, is solvent and able to pay all Accounts on which the Account Debtor is obligated to any Loan Party in full when due or with respect to such Account Debtor of any Loan Party who, to the Loan Parties’ knowledge, are not solvent such Loan Party has set up on its books and in its financial records bad debt reserves adequate to cover the uncollectible portion.

Solvency of Account Debtors. Each Account Debtor, to the best of each Loan Parties’ Party’s knowledge, as of the date each Account is created, is solvent and will be Solvent and able to pay all Accounts on which the Account Debtor is obligated to any Loan Party in full when due or with respect to such Account Debtor Debtors of any Loan Party who, to the Loan Parties’ knowledge, who are not solvent Solvent such Loan Party has set up on its books and in its financial records bad debt reserves adequate to cover the uncollectible portionsuch Accounts.

Solvency of Account Debtors. Each Account Debtor, to the Loan Parties’ knowledgeknowledge except as set forth on any accounts receivable schedule, as of the date each Account is created, is and will be solvent and able to pay all Accounts on which the Account Debtor is obligated to any Loan Party in full when due or with respect to such Account Debtor of any Loan Party who, to the Loan Parties’ knowledge, who are not solvent such Loan Party has set up on its books and in its financial records bad debt reserves adequate to cover the uncollectible portion.