Solvency of Pledgor. As of the date hereof, and after giving effect to this Agreement and the completion of all other transactions contemplated by Pledgor at the time of the execution of this Agreement, (i) Pledgor is and will be solvent, (ii) the fair saleable value of Pledgor’s assets exceeds and will continue to exceed Pledgor’s liabilities (both fixed and contingent), and (iii) Pledgor is paying and will continue to be able to pay its debts as they mature.
Appears in 2 contracts
Samples: Stock Pledge Agreement, Stock Pledge Agreement (Us Home Systems Inc /Tx)
Solvency of Pledgor. As of the date hereof, and after giving effect to this Agreement and the completion of all other transactions contemplated by Pledgor at the time of the execution of this Agreement, (i) Pledgor is and will be solvent, (ii) the fair saleable value of Pledgor’s 's assets exceeds and will continue to exceed Pledgor’s 's liabilities (both fixed and contingent), and (iii) Pledgor is paying and will continue to be able to pay its debts as they mature.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Gainsco Inc), Credit Agreement (Craftmade International Inc)
Solvency of Pledgor. As of the date hereof, and after giving effect to this Agreement and the completion of all other transactions contemplated by Pledgor at the time of the execution of this Agreement, (i) Pledgor is and will be solvent, solvent and (ii) the fair saleable value of Pledgor’s assets exceeds and will continue to exceed Pledgor’s liabilities (both fixed and contingent), and (iii) Pledgor is paying and will continue to be able to pay its debts as they mature.
Appears in 1 contract
Samples: Loan and Security Agreement (Green Power Energy Holdings Corp)
Solvency of Pledgor. As of the date hereof, and after giving effect to this Agreement and the completion of all other transactions contemplated by Pledgor at the time of the execution of this Agreement, (i) Pledgor is and will be solvent, (ii) the fair saleable value of Pledgor’s 's assets exceeds and will continue to exceed Pledgor’s 's liabilities (both fixed and contingent), and (iii) Pledgor is paying and will continue to be able to pay its his debts as they mature.
Appears in 1 contract
Samples: Pledge Agreement (Asd Systems Inc)