Solvency, Payment of Debts Sample Clauses
The Solvency, Payment of Debts clause establishes that a party affirms its financial stability and ability to meet its debt obligations as they become due. In practice, this clause typically requires the party to confirm it is not insolvent and has not defaulted on any significant financial commitments, often as a condition for entering into or continuing the agreement. Its core function is to provide assurance to the other party that the counterparty is financially sound, thereby reducing the risk of default and promoting confidence in the contractual relationship.
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Solvency, Payment of Debts. Borrower is solvent and able to pay its debts (including trade debts) as they mature.
Solvency, Payment of Debts. Borrower is able to pay its debts (including trade debts) as they mature; the fair saleable value of Borrower’s assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities; and Borrower is not left with unreasonably small capital after the transactions contemplated by this Agreement.
Solvency, Payment of Debts. Borrowers, taken as a whole, are generally able to pay their debts (including trade debts) as they mature.
Solvency, Payment of Debts. Grantor is solvent and able to pay its debts (including trade debts) as they mature.
Solvency, Payment of Debts. Each Loan Party is able to pay its debts (including trade debts) as they mature; the fair saleable value of each Loan Party’s assets (including goodwill minus disposition costs)exceeds the fair value of its liabilities; and no Loan Party is left with unreasonably small capital after the transactions contemplated by this Agreement.
Solvency, Payment of Debts. Such Borrower and each Subsidiary thereof is able to pay its debts (including trade debts) as they mature; the fair saleable value of such Borrower’s assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities; and such Borrower is not left with unreasonably small capital after the transactions contemplated by this Agreement.
Solvency, Payment of Debts. Grantor and each Subsidiary is solvent and able to pay its debts (including trade debts) as they mature.
Solvency, Payment of Debts. The Loan Parties, on a consolidated basis and taken as a whole, are Solvent.
Solvency, Payment of Debts. After the closing of the transactions contemplated by this Agreement and the advancing of the amount of the Loan by Lender to Borrower pursuant hereto, Borrower will be solvent and able to pay its debts (including trade debts) as they mature.
Solvency, Payment of Debts. The Loan Parties on a consolidated basis are solvent and able to pay their debts (including trade debts) as they mature.