Common use of Solvency Certificate Clause in Contracts

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer of the Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the Borrower will be Solvent on a unconsolidated basis, and (b) each Subsidiary Guarantor will be Solvent on a consolidated basis with the other Obligors.

Appears in 21 contracts

Sources: Senior Secured Revolving Credit Agreement (FS Investment CORP), Senior Secured Revolving Credit Agreement (Credit Suisse Park View BDC, Inc.), Senior Secured Revolving Credit Agreement (Sierra Income Corp)

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer a Financial Officer of the Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the Borrower will be Solvent on a an unconsolidated basis, basis and (b) each Subsidiary Guarantor Obligor will be Solvent on a consolidated basis with the other Obligors.

Appears in 19 contracts

Sources: Senior Secured Revolving Credit Agreement (Oaktree Strategic Credit Fund), Senior Secured Revolving Credit Agreement (Oaktree Strategic Credit Fund), Senior Secured Revolving Credit Agreement (Barings BDC, Inc.)

Solvency Certificate. On the Restatement Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer a Financial Officer of the Borrower dated as of the Restatement Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the Borrower will be Solvent on a an unconsolidated basis, basis and (b) each Subsidiary Guarantor Obligor will be Solvent on a consolidated basis with the other Obligors.

Appears in 17 contracts

Sources: Senior Secured Revolving Credit Agreement (Oaktree Specialty Lending Corp), Senior Secured Revolving Credit Agreement (Capital Southwest Corp), Senior Secured Revolving Credit Agreement (Oaktree Specialty Lending Corp)

Solvency Certificate. On the Restatement Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer of the Borrower dated as of the Restatement Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the Borrower will be Solvent on a an unconsolidated basis, and (b) each Subsidiary Guarantor Obligor will be Solvent on a consolidated basis with the other Obligors.

Appears in 10 contracts

Sources: Senior Secured Revolving Credit Agreement (MONROE CAPITAL Corp), Senior Secured Revolving Credit Agreement (MONROE CAPITAL Corp), Senior Secured Revolving Credit Agreement (MONROE CAPITAL Corp)

Solvency Certificate. On the Restatement Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer a Financial Officer of the Borrower dated as of the Restatement Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to the Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the Borrower will be Solvent on a an unconsolidated basis, basis and (b) each Subsidiary Guarantor Obligor will be Solvent on a consolidated basis with the other Obligors.

Appears in 6 contracts

Sources: Senior Secured Revolving Credit Agreement (BlackRock TCP Capital Corp.), Senior Secured Revolving Credit Agreement (BlackRock TCP Capital Corp.), Senior Secured Revolving Credit Agreement (BlackRock TCP Capital Corp.)

Solvency Certificate. On the Restatement Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer of the Borrower dated as of the Restatement Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the Borrower will be Solvent on a unconsolidated basis, and (b) each Subsidiary Guarantor will be Solvent on a consolidated basis with the other Obligors.

Appears in 6 contracts

Sources: Senior Secured Revolving Credit Agreement (Sierra Income Corp), Senior Secured Revolving Credit Agreement (Sierra Income Corp), Senior Secured Revolving Credit Agreement (THL Credit, Inc.)

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer of the Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to the Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the TransactionsAmendment, (a) the Borrower will be Solvent on a unconsolidated basis, and (b) each Subsidiary Guarantor will be Solvent on a consolidated basis with the other Obligors.

Appears in 6 contracts

Sources: Senior Secured Revolving Credit Agreement (Medley Capital Corp), Senior Secured Term Loan Credit Agreement (Medley Capital Corp), Senior Secured Term Loan Credit Agreement (THL Credit, Inc.)

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer of the Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to the Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the TransactionsAmendment, (a) the Borrower will be Solvent on a unconsolidated basis, and (b) each Subsidiary Guarantor will be Solvent on a consolidated basis with the other Obligors.

Appears in 3 contracts

Sources: Senior Secured Revolving Credit Agreement (THL Credit, Inc.), Senior Secured Term Loan Credit Agreement (THL Credit, Inc.), Senior Secured Revolving Credit Agreement (MONROE CAPITAL Corp)

Solvency Certificate. On the Effective Date, the The Administrative Agent shall have received a solvency certificate of certificate, dated the Effective Date and signed by the chief financial officer (or other senior financial officer reasonably acceptable to the Administrative Agent) of the Borrower, documenting the solvency of the Borrower dated and its Subsidiaries, taken as of the Effective Date and addressed to the Administrative Agent and the Lendersa whole, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and immediately after giving effect to this Amendment and the Transactionstransactions contemplated hereby, (a) the Borrower will be Solvent on a unconsolidated basis, and (b) each Subsidiary Guarantor will be Solvent on a consolidated basis consistent with the other Obligorsrepresentation in Section 3.16 of the Amended Credit Agreement, but modified to apply to the Effective Date.

Appears in 3 contracts

Sources: Amendment (SPRINT Corp), Incremental Facility Amendment (SPRINT Corp), Incremental Facility Amendment (SPRINT Corp)

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate executed by the Board of the chief financial officer Directors or a Financial Officer on behalf of the Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (ai) the Borrower will be Solvent on a an unconsolidated basis, basis and (bii) each Subsidiary Guarantor the Obligors will be Solvent on a consolidated basis with the other Obligorsbasis.

Appears in 3 contracts

Sources: Senior Secured Revolving Credit Agreement (Lafayette Square USA, Inc.), Senior Secured Revolving Credit Agreement (Lafayette Square USA, Inc.), Senior Secured Revolving Credit Agreement (Lafayette Square USA, Inc.)

Solvency Certificate. On the Restatement Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer of the Borrower dated as of the Restatement Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the Borrower will be Solvent on a an unconsolidated basis, and (b) each Subsidiary Guarantor will be Solvent on a consolidated basis with the other Obligors.

Appears in 3 contracts

Sources: Senior Secured Revolving Credit Agreement (THL Credit, Inc.), Senior Secured Revolving Credit Agreement (THL Credit, Inc.), Senior Secured Revolving Credit Agreement (THL Credit, Inc.)

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer of the Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the Borrower will be Solvent on a an unconsolidated basis, and (b) each Subsidiary Guarantor will be Solvent on a consolidated basis with the other Obligors.

Appears in 2 contracts

Sources: Senior Secured Revolving Credit Agreement (MONROE CAPITAL Corp), Revolving Credit Agreement (MONROE CAPITAL Corp)

Solvency Certificate. On the Agreement Effective Date, the Administrative Agent shall have received a solvency certificate of Solvency Certificate from the chief financial officer of Borrower, dated the Borrower dated as of the Agreement Effective Date Date, and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to the Administrative Agent, with appropriate attachments and demonstrating that both before after giving effect to the consummation of the transactions to occur on the Agreement Effective Date and after giving effect to the Transactionsany applicable rights of contribution of such Person in respect of Guarantied Obligations, (a) the Borrower and its Subsidiaries are and will be Solvent on a unconsolidated basis, and (b) each Subsidiary Guarantor will be Solvent on a consolidated basis with the other ObligorsSolvent.

Appears in 2 contracts

Sources: Permitted Secured Refinancing and Incremental Joinder Agreement (Regal Entertainment Group), Permitted Secured Refinancing Agreement (Regal Entertainment Group)

Solvency Certificate. On the Restatement Effective Date, the Administrative Agent shall have received a solvency certificate Solvency Certificate dated as of the Restatement Effective Date from the chief financial officer of the Borrower dated as of the Effective Date Holdings and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the each Borrower is and will be Solvent on a unconsolidated basisbe, and Holdings and its Subsidiaries (b) each Subsidiary Guarantor will be Solvent on a consolidated basis with the other Obligorsbasis) are and will be Solvent.

Appears in 2 contracts

Sources: Credit and Guaranty Agreement (Douglas Dynamics, Inc), Credit and Guaranty Agreement (Douglas Dynamics, Inc)

Solvency Certificate. On the Effective Datedate hereof, the Administrative Agent shall have received a solvency certificate of the chief financial officer a Financial Officer of the Borrower dated as of the Effective Date date hereof and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactionstransactions contemplated by this Amendment, (a1) the Borrower will be Solvent on a an unconsolidated basis, basis and (b2) each Subsidiary Guarantor Obligor will be Solvent on a consolidated basis with the other Obligors.

Appears in 2 contracts

Sources: Senior Secured Revolving Credit Agreement (Barings BDC, Inc.), Senior Secured Revolving Credit Agreement (Barings BDC, Inc.)

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate (which certificate may be combined with the certificate set forth in Section 2.1(a)(3)) of the chief financial officer a Financial Officer of the Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to this Amendment and the Transactions, (a1) the Borrower will be Solvent on a an unconsolidated basis, basis and (b2) each Subsidiary Guarantor Obligor will be Solvent on a consolidated basis with the other Obligors.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (BlackRock TCP Capital Corp.)

Solvency Certificate. On the Effective Date, the Date Administrative Agent shall have received a solvency certificate of the chief financial officer of the Solvency Certificate from Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments Agent and demonstrating that both before and after giving effect to the Transactionsconsummation of the transactions contemplated by the initial borrowings hereunder, (a) under the First Lien Credit Agreement and under the Revolving Credit Facility and any rights of contribution, each of Borrower and its Subsidiaries is and will be Solvent on a unconsolidated basis, and (b) each Subsidiary Guarantor will be Solvent on a consolidated basis with the other ObligorsSolvent.

Appears in 1 contract

Sources: Second Lien Credit and Guaranty Agreement (Movie Gallery Inc)

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer of the Borrower FSEP dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the Borrower will be Solvent on a unconsolidated basis, and (b) FSEP, the Borrower and each Subsidiary Guarantor will be Solvent on a consolidated basis with the other Obligorsbasis.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (FS Energy & Power Fund)

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer of the Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the Borrower will be Solvent on a unconsolidated basis, and (b) each Subsidiary Guarantor will be Solvent on a consolidated basis with the other Obligors.)

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Monroe Capital Income Plus Corp)

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer of the Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to the Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactionsthis Amendment, (a) the Borrower will be Solvent on a unconsolidated basis, and (b) each Subsidiary Guarantor will be Solvent on a consolidated basis with the other Obligors.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Fifth Street Finance Corp.)

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer a Financial Officer of the Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the Borrower will be Solvent on a an unconsolidated basis, basis and (b) each Subsidiary Guarantor will be Solvent on a an consolidated basis with the other Obligors.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Alcentra Capital Corp)

Solvency Certificate. On the Amendment No. 3 Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer of the Borrower dated as of the Restatement Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the Borrower will be Solvent on a an unconsolidated basis, and (b) each Subsidiary Guarantor Obligor will be Solvent on a consolidated basis with the other Obligors.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (MONROE CAPITAL Corp)

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer of the Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to the Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactionsthis Amendment, (a) the Borrower will be Solvent on a unconsolidated basis, and (b) each Subsidiary Guarantor will be Solvent on a consolidated basis with the other Obligors.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (FS Investment CORP)

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer of the Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative AgentAgent and each Lender, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the Borrower will be Solvent on a unconsolidated basis, and (b) each Subsidiary Guarantor will be Solvent on a consolidated basis with the other Obligors.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (FS Investment Corp II)

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer a Financial Officer of the Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the Borrower will be Solvent on a unconsolidated basis, and (b) each Subsidiary Guarantor will be Solvent on a consolidated basis with the other Obligors.an 89

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Barings BDC, Inc.)

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer of the Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the Borrower will be Solvent on a an unconsolidated basis, and (b) each Subsidiary Guarantor Obligor will be Solvent on a consolidated basis with the other Obligors.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Monroe Capital Income Plus Corp)

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer a Financial Officer of the Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to the Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the Borrower will be Solvent on a an unconsolidated basis, basis and (b) each Subsidiary Guarantor Obligor will be Solvent on a consolidated basis with the other Obligors.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (TCP Capital Corp.)

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer of the Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the Borrower each Obligor is and will be Solvent on a unconsolidated basis, and (b) each Subsidiary Guarantor will be Solvent on a consolidated basis with the other ObligorsSolvent.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Fifth Street Finance Corp)

Solvency Certificate. On the Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer a Financial Officer of the Borrower dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (ai) the Borrower will be Solvent on a an unconsolidated basis, basis and (bii) each Subsidiary Guarantor Obligor will be Solvent on a consolidated basis with the other Obligors.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Vista Credit Strategic Lending Corp.)

Solvency Certificate. On the Amendment No. 1 Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer a Financial Officer of the Borrower dated as of the Amendment No. 1 Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, transactions contemplated hereby (a) the Borrower will be Solvent on a an unconsolidated basis, basis and (b) each Subsidiary Guarantor Obligor will be Solvent on a consolidated basis with the other Obligors.

Appears in 1 contract

Sources: Senior Secured Revolving Credit Agreement (Oaktree Strategic Credit Fund)

Solvency Certificate. On the Restatement Effective Date, the Administrative Agent shall have received a solvency certificate of the chief financial officer a Financial Officer of the Borrower dated as of the Restatement Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (ai) the Borrower will be Solvent on a an unconsolidated basis, basis and (bii) each Subsidiary Guarantor Obligor will be Solvent on a consolidated basis with the other Obligors.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Barings BDC, Inc.)