Common use of Solvency Letters Clause in Contracts

Solvency Letters. The Company shall have received a solvency letter, in form and substance and from an independent evaluation firm reasonably satisfactory to it, as to the solvency of the Company and its Subsidiaries on a consolidated basis after giving effect to the transactions contemplated by this Agreement, including all financings contemplated hereby.

Appears in 2 contracts

Sources: Merger Agreement (Integrated Circuit Systems Inc), Merger Agreement (Microclock Inc)

Solvency Letters. The Company and Purchaser shall each have received a solvency letter, in form and substance and from an independent evaluation firm reasonably satisfactory to itboth parties, as to the solvency of the Company and its Subsidiaries on a consolidated basis after giving effect to the transactions contemplated by this Agreement, including all financings contemplated hereby.

Appears in 2 contracts

Sources: Merger Agreement (Mafco Holdings Inc), Merger Agreement (Panavision Inc)