Solvency Opinion; Insurance Certificates. On the Effective Date, the Administrative Agent shall have received:
(i) a solvency opinion from American Appraisal Associates, addressed to the Administrative Agent and each of the Lenders and dated the Effective Date, in form and substance reasonably acceptable to the Administrative Agent, setting forth the conclusions that, after giving effect to the Transaction and the incurrence of all the financings contemplated herein, the Borrower and its Subsidiaries (taken as a whole) are not insolvent and will not be rendered insolvent by the indebtedness incurred in connection therewith, will not be left with unreasonably small capital with which to engage in their respective businesses and will not have incurred debts beyond their ability to pay such debts as they mature; and
(ii) certificates of insurance complying with the requirements of Section 8.03 for the business and properties of the Borrower and its Subsidiaries, in form and substance reasonably satisfactory to the Administrative Agent and naming the Collateral Agent as an additional insured and/or as loss payee, and stating that such insurance shall not be canceled without at least 30 days' prior written notice by the insurer to the Collateral Agent.
Solvency Opinion; Insurance Certificates. On the Initial Borrowing Date, the Administrative Agent shall have received:
(i) a solvency certificate from the chief financial officer of the Borrower in the form of Exhibit K; and
(ii) certificates of insurance complying with the requirements of Section 8.03 for the business and properties of the Borrower and its Subsidiaries, in form and substance reasonably satisfactory to the Administrative Agent.
Solvency Opinion; Insurance Certificates. On the Effective Date, the Agent shall have received:
(i) a solvency opinion from the chief financial officer of the Company in the form of Exhibit I; and
(ii) certificates of insurance complying with the requirements of Section 5.05 for the business and properties of the Company and its Subsidiaries, in form and substance reasonably satisfactory to the Agent and the Required Lenders. Upon the occurrence of the Effective Date (as determined by the Required Lenders and set forth in a written notice given by the Required Lenders to the Agent), and upon receipt by the Agent of the above notice from the Required Lenders, the Agent shall give each Lender and the Company notice that the Effective Date has occurred (although the failure to give any such notice shall not affect any Lender's or the Company's obligations under this Agreement).
Solvency Opinion; Insurance Certificates. On the Initial Borrowing Date, the Administrative Agent shall have received:
(i) a solvency opinion from the chief financial officer of the Borrower in the form of Exhibit J; and
(ii) certificates of insurance complying with the requirements of Section 8.03 for the business and properties of the Borrower and its Subsidiaries, in form and substance reasonably satisfactory to the Administrative Agent. Upon the occurrence of the Initial Borrowing Date, the Administrative Agent shall give each Lender and the Borrower notice that the Initial Borrowing Date has occurred (although the failure to give any such notice shall not affect any Lender's or the Borrower's obligations under this Agreement).
Solvency Opinion; Insurance Certificates. On or prior to the Initial Borrowing Date, the Agent shall have received:
(i) a solvency opinion from Houlihan, Lokey, Xxxxxx & Xxxxx Financial Advisors, Inc., which solvency opinion shall be in form and substance reasonably satisfactory to the Agent; and
(ii) certificates of insurance complying with the requirements of Section 8.03 for the business and properties of Holdings and its Subsidiaries, in form and substance reasonably satisfactory to the Agent and naming the Collateral Agent as an additional insured and as loss payee, and stating that such insurance shall not be cancelled without at least 30 days prior written notice by the insurer to the Collateral Agent (or such shorter period of time as a particular insurance company generally provides).
Solvency Opinion; Insurance Certificates. On the Initial Borrowing Date, the Borrower shall have delivered to the Agents:
(i) a solvency certificate from the Chief Financial Officer of the Borrower in the form of Exhibit J; and
(ii) certificates of insurance complying with the requirements of Section 8.03 for the business and properties of the Borrower and its Subsidiaries, in form and substance satisfactory to the Agents and naming the Collateral Administrative Agent as an additional insured and as loss payee, and stating that such insurance shall not be cancelled without at least 30 days prior written notice by the insurer to the Collateral Administrative Agent (or such shorter period of time as a particular insurance company generally provides).
