Insolvent. “Insolvent” means the present fair saleable value of the Company’s assets is less than the amount required to pay the Company’s total Indebtedness.
Appears in 21 contracts
Sources: Securities Purchase Agreement (Nuburu, Inc.), Securities Purchase Agreement (Nuburu, Inc.), Securities Purchase Agreement (Nuburu, Inc.)
Insolvent. “Insolvent” means the present fair saleable value of the Company’s assets is less than the amount required to pay the Company’s total IndebtednessIndebtedness (as defined below).
Appears in 10 contracts
Sources: Securities Purchase Agreement (Mullen Automotive Inc.), Securities Purchase Agreement (Borqs Technologies, Inc.), Securities Purchase Agreement (Borqs Technologies, Inc.)
Insolvent. “Insolvent” means the present fair saleable value of the Company’s assets is less than the amount required to pay the Company’s total Indebtedness.Indebtedness (as defined below).
Appears in 1 contract
Sources: Securities Purchase Agreement (Mullen Automotive Inc.)
Insolvent. “Insolvent” ’’ means the present fair saleable value of the Company’s assets is less than the amount required to pay the Company’s total Indebtedness.
Appears in 1 contract
Sources: Exchange Agreement (Nuburu, Inc.)