Common use of Solvency Opinion Clause in Contracts

Solvency Opinion. Receipt by the Agent of an opinion from ---------------- an independent auditor or appraiser acceptable to the Agent as to the financial condition, solvency and related matters of the Credit Parties on a consolidated basis after giving effect to the Transactions and the initial borrowings under the Credit Documents.

Appears in 1 contract

Samples: Security Agreement (Packaging Dynamics Corp)

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Solvency Opinion. Receipt by the Agent of an opinion from ---------------- an independent auditor or appraiser acceptable to the Agent as to the financial condition, solvency and related matters of each of the Credit Parties on a consolidated basis Borrower and the Guarantors, in each case after giving effect to this Credit Agreement, the Transactions and the initial borrowings under the other Credit Documents, the Transaction to the and all the transactions contemplated herein and therein to occur on such date.

Appears in 1 contract

Samples: Credit Agreement (Steel Heddle International Inc)

Solvency Opinion. Receipt by the Agent Agents of an opinion from ---------------- an independent auditor or appraiser acceptable to the Agent Agents as to the financial condition, solvency and related matters of the Credit Parties and their Subsidiaries on a consolidated basis after giving effect to the Transactions and the initial borrowings under the Credit DocumentsTransaction.

Appears in 1 contract

Samples: Credit Agreement (Us Can Corp)

Solvency Opinion. Receipt by the Agent of an opinion from ---------------- an Valuation Research Corporation or another independent auditor or appraiser acceptable to the Agent in usual and customary form as to the financial condition, solvency and related matters of the Credit Parties on a consolidated basis (after giving effect to the Transactions Merger and the initial borrowings under the Credit Documentsincurrence of indebtedness related thereto).

Appears in 1 contract

Samples: Credit Agreement (Pca International Inc)

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Solvency Opinion. Receipt by the Agent Lenders of an opinion from ---------------- an independent auditor or appraiser acceptable to the Agent in usual and customary form as to the financial condition, solvency and related matters of the Credit Parties on a consolidated basis Borrower and its Subsidiaries, in each case after giving effect to the Transactions acquisition of the Acquired Assets and the initial borrowings under the Credit Documents and Supplemental Credit Documents.

Appears in 1 contract

Samples: Credit Agreement (Chattem Inc)

Solvency Opinion. Receipt by the Agent of an opinion from ---------------- an Valuation Research Corporation or another independent auditor or appraiser acceptable to the Agent in usual and customary form as to the financial condition, solvency and related matters of the Credit Parties on a consolidated basis Borrower and the Parent, in each case after giving effect to the Transactions acquisition of the Acquired Company and the initial borrowings under the Credit Documents.

Appears in 1 contract

Samples: Credit Agreement (Gorges Quik to Fix Foods Inc)

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