Client is Solvent Sample Clauses
The 'Client is Solvent' clause requires the client to affirm that they are financially stable and able to meet their obligations under the contract. This typically means the client is not bankrupt, insolvent, or subject to any proceedings that could affect their ability to pay debts as they come due. By including this clause, the contract ensures that the service provider or counterparty can rely on the client's financial health, reducing the risk of non-payment or contract disruption due to insolvency.
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Client is Solvent. The Client is solvent and, after giving effect to the transactions contemplated by the Agreement, will not become insolvent. The Client is able to pay its debts as they become due and payable, and, after giving effect to the transactions contemplated by this Agreement, will have adequate capital to conduct its business.
Client is Solvent. The Client is solvent and, after giving effect to the transactions contemplated by the Agreement, will not become insolvent. The Client is able to pay its debts as they become due and payable or within 60 days thereafter, except those debts as set forth in the Schedule of Excluded Debts (as from time to time amended in accordance with the conditions hereof), and, after giving effect to the transactions contemplated by this Agreement, will have adequate capital to conduct its business.