Common use of Financial Status Clause in Contracts

Financial Status. The Borrower is not insolvent (as such term is defined in Section 101(32) of the United States Bankruptcy Code of 1978, as amended or Minnesota Statutes Section 513.42, as amended) and will not be rendered insolvent (as such term is defined in Section 101(32) of the United States Bankruptcy Code of 1978, as amended or Minnesota Statutes Section 513.42, as amended) by execution of this Credit Agreement or any other of the Loan Documents, or consummation of the transactions contemplated thereby.

Appears in 5 contracts

Samples: Ag Capital Company Credit Agreement (Rdo Equipment Co), Credit Agreement (Rdo Equipment Co), Ag Capital Company Credit Agreement (Rdo Equipment Co)

AutoNDA by SimpleDocs

Financial Status. The Borrower is not insolvent (as such term is defined in Section 101(32) of the United States Bankruptcy Code of 1978, as amended or Minnesota Statutes Section 513.42, as amendedamended or other relevant state statutes) and will not be rendered insolvent (as such term is defined in Section 101(32) of the United States Bankruptcy Code of 1978, as amended or Minnesota Statutes Section 513.42, as amendedamended or other relevant state statutes) by execution of this Credit Agreement or any other of the Loan Documents, or consummation of the transactions contemplated thereby.

Appears in 2 contracts

Samples: Company Credit Agreement (Rdo Equipment Co), Credit Agreement (Rdo Equipment Co)

AutoNDA by SimpleDocs

Financial Status. The Borrower is not insolvent (as such term is defined in Section 101(32101(29) of the United States Bankruptcy Code of 1978, as amended or Minnesota Statutes Section 513.42, as amended) and will not be rendered insolvent (as such term is defined in Section 101(32101(29) of the United States Bankruptcy Code of 1978, as amended or Minnesota Statutes Section 513.42, as amended) by execution of this Credit Agreement or any other of the Loan Documents, or consummation of the transactions contemplated thereby.

Appears in 1 contract

Samples: Credit Agreement (Lectec Corp /Mn/)

Time is Money Join Law Insider Premium to draft better contracts faster.