Common use of Financial Solvency Clause in Contracts

Financial Solvency. Upon issuance of NTP, it will be financially solvent, able to pay its debts as they mature and will have access to sufficient working capital to perform its obligations hereunder.

Appears in 3 contracts

Sources: Fixed Price Turnkey Agreement (NextDecade Corp.), Fixed Price Turnkey Agreement (NextDecade Corp.), Fixed Price Turnkey Agreement (NextDecade Corp.)

Financial Solvency. Upon issuance of an NTP, it Owner will be financially solvent, able to pay its debts as they mature and all other liabilities under this Agreement and will have access to sufficient working capital to perform its obligations hereunder.

Appears in 2 contracts

Sources: Lump Sum Turnkey Agreement (Cheniere Energy, Inc.), Lump Sum Turnkey Agreement (Cheniere Energy Partners, L.P.)

Financial Solvency. Upon issuance of NTP, it will be financially solvent, able to pay its debts as they mature and will have access to sufficient working capital to perform its obligations hereunder.. ARTICLE 16

Appears in 2 contracts

Sources: Fixed Price Turnkey Agreement (NextDecade Corp), Epc Agreement (NextDecade Corp)

Financial Solvency. Upon issuance of NTP, it Owner will be financially solvent, able to pay its debts as they mature and all other liabilities under this Agreement and will have access to sufficient working capital to perform its obligations hereunder.

Appears in 1 contract

Sources: Fixed Price Separated Turnkey Agreement (Cheniere Energy, Inc.)