Solvency of the Company. Since December 31, 2011 and through the Closing Date, the Company has been and will be solvent. "Solvent" shall mean, for purposes of application of this provision, that: (i) the fair saleable value of the Company's property is in excess of the total amount of their debts; and (ii) the Company is able to pay its debts as they mature.
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Solvency of the Company. Since December 31, 2011 its formation and through the Closing Date, the Company has been and will be solvent. "Solvent" shall mean, for purposes of application of this provision, that: (i) the fair saleable value of the Company's property is in excess of the total amount of their its debts; and (ii) the Company is able to pay its debts as they mature.
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Solvency of the Company. Since December 31, 2011 2010 and through the Closing Date, the Company has been and will be solvent. "Solvent" shall mean, for purposes of application of this provision, that: (i) the fair saleable value of the Company's property is in excess of the total amount of their debts; and (ii) the Company is able to pay its debts as they mature.
Appears in 1 contract
Solvency of the Company. Since December 31, 2011 its formation and through the Closing Date, the Company has been and will be solvent. "Solvent" shall mean, for purposes of application of this provision, that: (i) the fair saleable salable value of the Company's property is in excess of the total amount of their its debts; and (ii) the Company is able to pay its debts as they mature.
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Samples: Think New Ideas Inc
Solvency of the Company. Since December 31, 2011 its formation and through the ----------------------- Closing Date, the Company has been and will be solvent. "Solvent" shall mean, for purposes of application of this provision, that: (i) the fair saleable value of the Company's property is in excess of the total amount of their its debts; and (ii) the Company is able to pay its debts as they mature.
Appears in 1 contract
Samples: Xceed Inc
Solvency of the Company. Since December 31, 2011 its formation and through the ----------------------- Closing Date, the Company has been and will be solvent. "Solvent" shall mean, for purposes of application of this provision, that: (i) the fair saleable value of the Company's property is in excess of the total amount of their its debts; and (ii) the Company is generally able to pay its debts as they mature.
Appears in 1 contract
Solvency of the Company. Since December 31, 2011 its inception and through the ----------------------- Closing Date, the Company has been and will be solvent. "Solvent" shall mean, for purposes of application of this provision, that: (i) the fair saleable value of the Company's property is in excess of the total amount of their its debts; and (ii) the Company is able to pay its debts as they mature.
Appears in 1 contract
