Common use of Ability to Pay Interest Clause in Contracts

Ability to Pay Interest. The Company has all permits, licenses, franchises, authorizations, orders and approvals of, and has made all filings, applications and registrations with, Governmental Entities and third parties that are required in order to permit the Company to pay interest on the Senior Securities on the Interest Payment Dates set forth in the Senior Securities.

Appears in 6 contracts

Samples: Securities Purchase Agreement (Live Oak Bancshares, Inc.), Securities Purchase Agreement (Live Oak Bancshares, Inc.), Securities Purchase Agreement

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Ability to Pay Interest. The Company has all permits, licenses, franchises, authorizations, orders and approvals of, and has made all filings, applications and registrations with, Governmental Entities and third parties that are required in order to permit the Company to pay interest on the Senior EQ2 Securities on the Interest Payment Dates set forth in the Senior EQ2 Securities.

Appears in 1 contract

Samples: Securities Purchase Agreement

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