Common use of Solvency of the Company Clause in Contracts

Solvency of the Company. Since 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 its debts; and (ii) the Company is able to pay its debts as they mature.

Solvency of the Company. Since its formation 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 its debts; and (ii) the Company is able to pay its debts as they mature.

Solvency of the Company. Since its formation December 31, 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 its their debts; and (ii) the Company is able to pay its debts as they mature.

Solvency of the Company. Since 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 its debts; and (ii) the Company is able to pay its debts as they mature.

Solvency of the Company. Since 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 its debts; and (ii) the Company is able to pay its debts as they mature.

Solvency of the Company. Since its formation 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 its their debts; and (ii) the Company is able to pay its debts as they mature.

Solvency of the Company. Since 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 its debts; and (ii) the Company is generally able to pay its debts as they mature.