Common use of Insolvent Clause in Contracts

Insolvent. The fair value and present fair saleable value of the assets of the Company and the Guarantors, on a consolidated basis, exceeds the amount that will be required to be paid on or in respect of their existing debts and other liabilities (including contingent liabilities) as they become absolute and matured.

Appears in 11 contracts

Samples: Guarantee and Collateral Agreement (T-Mobile US, Inc.), Credit Agreement (T-Mobile US, Inc.), Underwriting Agreement (T-Mobile US, Inc.)

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Insolvent. The fair value and present fair saleable value of the assets of the Company and the Guarantors, on a consolidated basis, each Guarantor exceeds the amount that will be required to be paid on or in respect of their its existing debts and other liabilities (including contingent liabilities) as they become absolute and matured.

Appears in 5 contracts

Samples: Purchase Agreement (Metropcs Communications Inc), Purchase Agreement (Metropcs Communications Inc), Purchase Agreement (Metropcs Communications Inc)

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