Insolvent. For purposes of this Agreement, Insolvent shall mean a financial condition such as to make the sum of a party's debts greater than all of the party's assets, at fair valuation; or, when a party has incurred debts beyond that party's ability to pay such debts as they mature; or, when a party is engaged in a business or transaction for which the party has unreasonably small capital.
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Sources: Master Services Agreement (ATA Inc.), Master Services Agreement (ATA Inc.)
Insolvent. For purposes of this Agreement, Insolvent the term "Insolvent" shall mean a financial condition such as to make the sum of a party's debts greater than all of the party's assets, at fair valuation; or, when a party has incurred debts beyond that party's ability to pay such debts as they mature; or, when a party is engaged in a business or transaction for which the party has unreasonably small capital.
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