Purchaser’s Solvency Clause Samples
The Purchaser’s Solvency clause serves to confirm that the buyer is financially capable of fulfilling their obligations under the agreement. Typically, this clause requires the purchaser to represent and warrant that they are not insolvent, bankrupt, or subject to any proceedings that could impair their ability to pay. By including this provision, the seller gains assurance that the purchaser can complete the transaction, thereby reducing the risk of default due to financial instability.
Purchaser’s Solvency. Purchaser shall furnish or cause to be furnished to Seller copies of any solvency opinions obtained by Purchaser from third parties in connection with the financing of the transactions contemplated by this Agreement, to the extent contractually permitted by the issuer of such opinion. Purchaser shall use commercially reasonable efforts to cause the firms issuing any such solvency opinions to allow Seller to rely thereon; provided that, Purchaser shall have no obligation to do so if any material fee or expense is associated with obtaining such reliance.
Purchaser’s Solvency. There is no pending or, to the Knowledge of Purchaser, Claims against Purchaser for the dissolution, liquidation or insolvency of Purchaser.