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.
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Samples: Credit Agreement (Renegy Holdings, Inc.), Senior Credit Agreement (Simula Inc), Credit Agreement (Meritage Corp)
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.
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Samples: Credit Agreement (Schuff Steel Co), Revolving Credit Agreement (Hypercom Corp), Credit Agreement (Matrixx Initiatives Inc)
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.
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