Common use of Solvent Financial Condition Clause in Contracts

Solvent Financial Condition. Each Borrower and --------------------------- each of its Subsidiaries is, as of the date hereof, 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 all related transactions (including the making of the Tranche B Loans), will be, Solvent.

Appears in 1 contract

Sources: Loan and Security Agreement (Falcon Products Inc /De/)

Solvent Financial Condition. Each Borrower and --------------------------- each of its Subsidiaries is, is as of the date hereof, hereof 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 all related transactions (including the making of the Tranche B Loans)transactions, will be, Solvent.

Appears in 1 contract

Sources: Loan and Security Agreement (Cambium Learning Group, Inc.)

Solvent Financial Condition. Each Borrower and --------------------------- each of its --------------------------- Subsidiaries is, as of the date hereof, 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 (including the making of the Tranche B Loans)transactions, will be, be Solvent.

Appears in 1 contract

Sources: Loan and Security Agreement (Velocity Express Corp)

Solvent Financial Condition. Each of Borrower and --------------------------- each of --------------------------- its Subsidiaries isSubsidiaries, as of the date hereof, 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 all related transactions (including the making of the Tranche B Loans)transactions, will be, Solvent.

Appears in 1 contract

Sources: Loan and Security Agreement (Woods Equipment Co)

Solvent Financial Condition. Each Borrower and --------------------------- each of its Subsidiaries isSubsidiaries, as of the date hereof, is now and, after giving effect to the initial Loans to be made and the initial Letters of Credit and LC Guaranties Guarantees to be issued hereunder and all related transactions (including the making of the Tranche B Loans)transactions, will be, SolventSolvent (Adjusted).

Appears in 1 contract

Sources: Loan and Security Agreement (Anchor Lamina Inc)

Solvent Financial Condition. Each Borrower and --------------------------- each of its Subsidiaries is, as of the date hereof, 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 all related transactions (including the making of the Tranche B Loans)transactions, will be, Solvent.

Appears in 1 contract

Sources: Loan and Security Agreement (Falcon Products Inc /De/)

Solvent Financial Condition. Each of Borrower and --------------------------- each of its Subsidiaries is--------------------------- Subsidiaries, as of the date hereof, 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 all related transactions (including the making of the Tranche B Loans)transactions, will be, Solvent.

Appears in 1 contract

Sources: Loan and Security Agreement (Borden Chemicals & Plastics Limited Partnership /De/)

Solvent Financial Condition. Each Borrower and --------------------------- each of its --------------------------- Subsidiaries is, as of the date hereof, 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 all related transactions (including the making of the Tranche B Loans)transactions, will be, Solvent.

Appears in 1 contract

Sources: Loan and Security Agreement (Falcon Products Inc /De/)