Common use of Solvent Financial Condition Clause in Contracts

Solvent Financial Condition. Each Borrower and each of its Subsidiaries is now and, after giving effect to the initial Loans to be made and the initial Letters of Credit and LC Guaranties to be issued hereunder, and related transactions, will be Solvent.

Appears in 2 contracts

Sources: Loan and Security Agreement (Velocity Express Corp), Loan and Security Agreement (Velocity Express Corp)

Solvent Financial Condition. Each Borrower and each of its Subsidiaries Restricted Subsidiary is now and, after giving effect to the initial Loans to be made and the initial Letters of Credit and LC Guaranties to be issued hereunder, hereunder and all related transactions, will be be, Solvent.

Appears in 2 contracts

Sources: Loan and Security Agreement (Kinetek Inc), Loan and Security Agreement (Kinetek Inc)

Solvent Financial Condition. Each Borrower and each of its Subsidiaries Subsidiaries, is now and, after giving effect to the initial Loans to be made and the initial Letters of Credit and LC Guaranties to be issued hereunder, hereunder and all related transactionstransactions including the consummation of the Acquisition, will be be, Solvent.

Appears in 1 contract

Sources: Loan and Security Agreement (Pw Eagle Inc)

Solvent Financial Condition. Each Borrower and each of its Subsidiaries is now andSubsidiaries, after giving effect to the Plan of Reorganization and the initial Loans to be made and the initial Letters of Credit and LC Guaranties to be issued hereunder, hereunder and all related transactions, will be Solvent.

Appears in 1 contract

Sources: Loan and Security Agreement (Bayou Steel Corp)

Solvent Financial Condition. Each Borrower Borrowers and each of its Subsidiaries is their Restricted Subsidiaries, taken as a whole are now and, after giving effect to the initial Loans to be made and the initial Letters of Credit and LC Guaranties to be issued hereunderhereunder and all related transactions will be, and related transactions, will be Solvent.

Appears in 1 contract

Sources: Loan and Security Agreement (Truserv Corp)

Solvent Financial Condition. Each Borrower and each of its Subsidiaries Subsidiaries, is now and, after giving effect to the initial Loans to be made and the initial Letters of Credit and LC Guaranties to be issued hereunder, hereunder and all related transactions, will be be, Solvent.

Appears in 1 contract

Sources: Loan and Security Agreement (Weirton Steel Corp)