Solvency of Grantor. As of the date hereof, and after giving effect to this Agreement and the completion of all other transactions contemplated by Grantor at the time of the execution of this Agreement, (i) Grantor is and will be solvent; (ii) the fair saleable value of Grantor’s assets exceeds and will continue to exceed Grantor’s liabilities (both fixed and contingent); (iii) Grantor is paying and will continue to be able to pay its debts as they mature, and (iv) if Grantor is not an individual, Grantor has and will have sufficient capital to carry on Grantor’s businesses and all businesses in which Grantor is about to engage.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Stellar Bancorp, Inc.), Pledge and Security Agreement (CBTX, Inc.), Pledge and Security Agreement (CBTX, Inc.)
Solvency of Grantor. As of the date hereof, and after giving effect to this Agreement and the completion of all other transactions contemplated by Grantor at the time of the execution of this Agreement, (i) Grantor is and will be solvent; , (ii) the fair saleable value of Grantor’s assets exceeds and will continue to exceed Grantor’s liabilities (both fixed and contingent); , (iii) Grantor is paying and will continue to be able to pay its debts as they mature, and (iv) if Grantor is not an individual, Grantor has and will have sufficient capital to carry on Grantor’s businesses and all businesses in which Grantor is about to engage.
Appears in 3 contracts
Samples: Pledge and Security Agreement (Rush William M Rusty), Pledge and Security Agreement, Pledge and Security Agreement (CBTX, Inc.)
Solvency of Grantor. As of the date hereof, and after giving effect to this Agreement and the completion of all other transactions contemplated by Grantor at the time of the execution of this Agreement, (i) Grantor is and will be solvent; , (ii) the fair saleable salable value of Grantor’s 's assets exceeds and will continue to exceed Grantor’s 's liabilities (both fixed and contingent); , (iii) Grantor is paying and will continue to be able to pay its debts as they mature, and (iv) if Grantor is not an individual, . Grantor has and will have sufficient capital to carry on Grantor’s 's businesses and all businesses in which Grantor is about to engage.
Appears in 2 contracts
Samples: Loan Agreement (Carrier Access Corp), Loan Agreement (Carrier Access Corp)
Solvency of Grantor. As of the date hereof, and after giving effect to this Agreement and the completion of all other transactions contemplated by Grantor at the time of the execution of this Agreement, (i) Grantor is and will be solvent; , (ii) the fair saleable value of Grantor’s 's assets exceeds and will continue to exceed Grantor’s 's liabilities (both fixed and contingent); , (iii) Grantor is paying and will continue to be able to pay its debts as they mature, and (iv) if Grantor is not an individual, Grantor has and will have sufficient capital to carry on Grantor’s 's businesses and all businesses in which Grantor is about to engage.
Appears in 2 contracts
Samples: Pledge and Security Agreement (State National Companies, Inc.), Loan Agreement (Micropac Industries Inc)
Solvency of Grantor. As of the date hereof, and after giving effect to this Agreement and the completion of all other transactions contemplated by Grantor at the time of the execution of this Agreement, (i) Grantor is and will be solvent; , (ii) the fair saleable salable value of Grantor’s assets exceeds and will continue to exceed Grantor’s liabilities (both fixed and contingent); , (iii) Grantor is paying and will continue to be able to pay its debts as they mature, and (iv) if Grantor is not an individual, Grantor has and will have sufficient capital to carry on Grantor’s businesses and all businesses in which Grantor is about to engage.
Appears in 1 contract
Samples: Commercial Security Agreement (Tufco Technologies Inc)
Solvency of Grantor. As of the date hereof, and after giving effect to this Agreement and the completion of all other transactions contemplated by Grantor at the time of the execution of this Agreement, (i) Grantor is and will be solvent; , (ii) the fair saleable salable value of Grantor’s 's assets exceeds and will continue to exceed Grantor’s 's liabilities (both fixed and contingent); , (iii) ), Grantor is paying and will continue to be able to pay its debts as they mature, and (iv) if Grantor is not an individual, Grantor has and will have sufficient capital to carry on Grantor’s 's businesses and all businesses in which Grantor is about to engage.
Appears in 1 contract
Samples: Commercial Security Agreement (Unified Holdings Inc)
Solvency of Grantor. As of the date hereof, and after giving effect to this Agreement and the completion of all other transactions contemplated by Grantor at the time of the execution of this Agreement, (i) Grantor is and will be solvent; , (ii) the fair saleable salable value of Grantor’s 's assets exceeds and will continue to exceed Grantor’s 's liabilities (both fixed and contingentcontinent); , (iii) Grantor is paying and will continue to be able to pay its debts as they mature, and (iv) if Grantor is not an individual, Grantor has and will have sufficient capital to carry on Grantor’s 's businesses and all businesses in which Grantor is about to engage.
Appears in 1 contract
Samples: Commercial Security Agreement (World Wide Stone Corp)
Solvency of Grantor. As of the date hereof, and after giving effect to this Agreement and the completion of all other transactions contemplated by Grantor at the time of the execution of this Agreement, (i) Grantor is and will be solvent; , (ii) the fair saleable salable value of Grantor’s 's assets exceeds and will continue to exceed Grantor’s 's liabilities (both fixed and contingent); , (iii) Grantor is paying and will continue to be able to pay its debts as they mature, and (iv) if Grantor is not an individual, Grantor has and will have sufficient capital to carry on Grantor’s 's businesses and all businesses in which Grantor is about to engage.
Appears in 1 contract
Solvency of Grantor. As of the date hereof, and after giving effect to this Agreement and the completion of all other transactions contemplated by Grantor at the time of the execution of this Agreement, (i) Grantor is and will be solvent; , (ii) the fair saleable salable value of Grantor’s 's assets exceeds and will continue to exceed Grantor’s liabilities Granxxx'x xiabilities (both fixed and contingent); , (iii) Grantor is paying and will continue to be able to pay its debts as they mature, and (iv) if Grantor is not an individual, Grantor has and will have sufficient capital to carry on Grantor’s 's businesses and all businesses in which Grantor is about to engage.
Appears in 1 contract
Samples: Promissory Note (Trizetto Group Inc)