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Common use of Borrower is Solvent Clause in Contracts

Borrower is Solvent. Borrower and each of its Subsidiaries, when taken as a whole, is Solvent.

Appears in 9 contracts

Sources: Loan and Security Agreement (Ardelyx, Inc.), Loan and Security Agreement (Rezolute, Inc.), Loan and Security Agreement (SOC Telemed, Inc.)

Borrower is Solvent. Borrower and each of its Subsidiaries, when taken as a whole, is are Solvent.

Appears in 3 contracts

Sources: Loan and Security Agreement (Vapotherm Inc), Loan and Security Agreement (Vapotherm Inc), Loan and Security Agreement (Neuronetics, Inc.)

Related Clauses

  • Reaffirmation of Credit Party Obligations
  • Organization of Borrower
  • Formation or Acquisition of Subsidiaries
  • Condition of Borrower or Guarantor
  • Material Subsidiary

Parent Clauses

  • Representations and Warranties of the Borrower
  • REPRESENTATIONS AND WARRANTIES
  • Fraudulent Transfer
  • Solvency
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