Solvency, Payment of Debts. Borrowers and each of their Subsidiaries are able to pay their debts (including trade debts) as they mature; the fair saleable value of Borrowers’ and each of its Subsidiaries’ assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities; and 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.)
Solvency, Payment of Debts. Borrowers and each of their Subsidiaries are able to pay their debts (including trade debts) as they mature; : the fair saleable value of Borrowers’ and each of its Subsidiaries’ assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities; and Borrowers are not left with unreasonably small capital after the transactions contemplated by this Agreement.
Appears in 1 contract
Samples: Credit Agreement (Trupanion Inc.)
Solvency, Payment of Debts. Borrowers Each of Borrower and each of their its Subsidiaries are is able to pay their its debts (including trade debts) as they mature; the fair saleable value of Borrowers’ and each of its Subsidiaries’ assets (including goodwill minus disposition costs) of Borrower and its Subsidiaries exceeds the fair value of its their liabilities; and Borrowers Borrower and its Subsidiaries are not left with unreasonably small capital after the transactions contemplated by this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Orchid Biosciences Inc)
