Common use of Solvency of the Lessee Clause in Contracts

Solvency of the Lessee. The Lessee shall have furnished to the Participants and the Policy Provider an Officer's Solvency Certificate (substantially in the form attached hereto as Exhibit F) as to the solvency of the Lessee as of the Closing Date stating, among other things, that on the Closing Date (i) the Collection Account has a balance of $1,342,000.00 and (ii) the Lessee has funded the Liquidity Reserve Account and the Bolster Repair Account with $5,135,949.00 and $252,000 in cash, respectively.

Appears in 9 contracts

Samples: Participation Agreement (Trinity Industries Inc), Participation Agreement (Trinity Industries Inc), Participation Agreement (Trinity Industries Inc)

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