Common use of Sufficiency of Capital Clause in Contracts

Sufficiency of Capital. (a) Borrower is, and after consummation of this Agreement and giving effect to all Indebtedness incurred and transactions contemplated in connection herewith will be, Solvent.

Appears in 2 contracts

Samples: Convertible Loan Agreement (Integrated Security Systems Inc), Convertible Loan Agreement (Jakks Pacific Inc)

AutoNDA by SimpleDocs

Sufficiency of Capital. (a) Borrower is, and is after consummation of this Loan Agreement and giving effect to all Indebtedness incurred and transactions contemplated in connection herewith will be, Solvent.

Appears in 1 contract

Samples: Convertible Debenture Loan Agreement (Topro Inc)

AutoNDA by SimpleDocs

Sufficiency of Capital. (a) Borrower is, and after consummation of this Loan Agreement and giving effect to all Indebtedness incurred and transactions contemplated in connection herewith will be, Solvent.

Appears in 1 contract

Samples: Convertible Debenture Loan Agreement (Biodynamics International Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.