Solvency, Payment of Debts. Such Borrower and each Subsidiary thereof is able to pay its debts (including trade debts) as they mature; the fair saleable value of such Borrower’s assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities; and such Borrower is not left with unreasonably small capital after the transactions contemplated by this Agreement.
Appears in 3 contracts
Samples: Loan and Security Agreement (Taiwan Liposome Company, Ltd.), Loan and Security Agreement (Taiwan Liposome Company, Ltd.), Loan and Security Agreement (Taiwan Liposome Company, Ltd.)
Solvency, Payment of Debts. Such Borrower Borrowers and each Subsidiary thereof is of their Subsidiaries are able to pay its their debts (including trade debts) as they mature; the fair saleable value of such Borrower’s Borrowers’ and each of its Subsidiaries’ assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities; and such Borrower is Borrowers are not left with unreasonably small capital after the transactions contemplated by this Agreement.
Appears in 2 contracts
Samples: Credit Agreement (Trupanion Inc.), Credit Agreement (Trupanion Inc.)