Common use of Solvent Clause in Contracts

Solvent. It (both before and after giving effect to the Loans contemplated hereby) is solvent, has assets having a fair value in excess of the amount required to pay its probable liabilities on its existing debts as they become absolute and matured, and has, and will have, access to adequate capital for the conduct of its business and the ability to pay its debts from time to time incurred in connection therewith as such debts mature.

Appears in 7 contracts

Samples: Credit Agreement (Renegy Holdings, Inc.), Senior Credit Agreement (Simula Inc), Credit Agreement (Interact Commerce Corp)

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Solvent. It (both before and after giving effect to the Loans Loan contemplated hereby) is solvent, has assets having a fair value in excess of the amount required to pay its probable liabilities on its existing debts as they become absolute and matured, and has, and will have, access to adequate capital for the conduct of its business and the ability to pay its debts from time to time incurred in connection therewith as such debts mature.

Appears in 4 contracts

Samples: Credit Agreement (Matrixx Initiatives Inc), Loan Agreement (Continental Circuits Corp), Security Agreement (Schuff Steel Co)

Solvent. It (both before and after giving effect to the Loans contemplated hereby) is solvent, has assets having a fair value in excess of the amount required to pay its probable liabilities on its existing debts as they become absolute and matured, and has, and will is expected to have, access to adequate capital for the conduct of its business and the ability to pay its debts from time to time incurred in connection therewith as such debts mature.

Appears in 1 contract

Samples: Credit Agreement (Three Five Systems Inc)

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Solvent. It and each of its Subsidiaries (both before and after giving effect to the Loans obligations contemplated hereby) is solvent, has assets having a fair value in excess of the amount required to pay its probable liabilities on its existing debts as they become absolute and matured, and has, and reasonably believes it will have, access to adequate capital for the conduct of its business and the ability to pay its debts from time to time incurred in connection therewith as such debts mature.

Appears in 1 contract

Samples: Credit Agreement (Hypercom Corp)

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