Common use of Solvent Financial Condition Clause in Contracts

Solvent Financial Condition. Borrowers and their Subsidiaries together, on a consolidated basis, are now Solvent and, after giving effect to the Loans to be made hereunder, the Letters of Credit to be issued in connection herewith and the consummation of the other transactions described in the Credit Documents, will be Solvent.

Appears in 3 contracts

Samples: Credit Agreement (J.M. Tull Metals Company, Inc.), Credit Agreement (Ryerson Holding Corp), Credit Agreement (Ryerson Inc.)

AutoNDA by SimpleDocs

Solvent Financial Condition. Borrowers Borrower and their each of its Subsidiaries together, on a consolidated basis, are is now Solvent and, after giving effect to the Loans to be made hereunder, the Letters of Credit to be issued in connection herewith and the consummation of the other transactions described in the Credit Loan Documents, Borrower and each of its Subsidiaries will be Solvent.

Appears in 3 contracts

Samples: Loan and Security Agreement (Dixie Group Inc), Loan and Security Agreement (Dixie Group Inc), Loan and Security Agreement (Dixie Group Inc)

Solvent Financial Condition. Borrowers Each Borrower and their each of its Subsidiaries together, on a consolidated basis, are is now Solvent and, after giving effect to the Loans to be made hereunder, the Letters of Credit to be issued in connection herewith and the consummation of the other transactions described in the Credit Loan Documents, each Borrower and each of its Subsidiaries will be Solvent.

Appears in 3 contracts

Samples: Loan and Security Agreement (Standard Register Co), Loan and Security Agreement (Standard Register Co), Loan and Security Agreement (Proxymed Inc /Ft Lauderdale/)

Solvent Financial Condition. Borrowers Each of Borrower and their its Subsidiaries together, on a consolidated basis, are is now Solvent and, after giving effect to the Loans to be made hereunder, the Letters of Credit to be issued in connection herewith and the consummation of the other transactions described in the Credit Loan Documents, Borrower and each of its Subsidiaries will be Solvent.

Appears in 3 contracts

Samples: Loan and Security Agreement (Metromedia International Group Inc), Loan and Security Agreement (Toms Foods Inc), Loan and Security Agreement (Amerigroup Corp)

Solvent Financial Condition. Borrowers Each Borrower and their each of its Subsidiaries together, on a consolidated basis, are is now Solvent and, after giving effect to the Loans to be made hereunder, the Letters of Credit to be issued in connection herewith and the consummation of the other transactions described in the Credit Loan Documents, Borrower and each of its Subsidiaries will be Solvent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Tropical Sportswear International Corp), Loan and Security Agreement (Tropical Sportswear International Corp)

Solvent Financial Condition. Borrowers Borrowers, PLC and their Subsidiaries togetherSubsidiaries, on taken as a consolidated basiswhole, are now Solvent and, after giving effect to the Loans to be made hereunder, the Letters of Credit to be issued in connection herewith and the consummation of the other transactions described in the Credit Loan Documents, will be Solvent.

Appears in 1 contract

Samples: Loan and Security Agreement (Danka Business Systems PLC)

Solvent Financial Condition. Borrowers Each Borrower and their Subsidiaries togethereach of its Subsidiaries, on taken as a consolidated basiswhole, are now Solvent and, after giving effect to the Revolver Loans to be made hereunder, the Letters of Credit to be issued in connection herewith and the consummation of the other transactions described in the Credit Loan Documents, will be Solvent.

Appears in 1 contract

Samples: Loan and Security Agreement (Artesyn Technologies Inc)

Solvent Financial Condition. Borrowers Each of Borrower and their Subsidiaries together, on a consolidated basis, are now Solvent andits Subsidiaries, after giving effect to the Revolver Loans to be made hereunder, the Letters of Credit to be issued in connection herewith and the consummation of the other transactions described in the Credit Loan Documents, will be is Solvent.

Appears in 1 contract

Samples: Loan and Security Agreement (Pameco Corp)

AutoNDA by SimpleDocs

Solvent Financial Condition. Borrowers Each Borrower and their each of --------------------------- its Subsidiaries together, on a consolidated basis, are is now Solvent and, after giving effect to the Loans to be made hereunder, the Letters of Credit to be issued in connection herewith therewith and the consummation of the other transactions described in the Credit Loan Documents, each Borrower and each of its Subsidiaries will be Solvent.

Appears in 1 contract

Samples: Loan and Security Agreement (Gulf States Steel Inc /Al/)

Solvent Financial Condition. Borrowers Each Borrower and their Subsidiaries together, on a consolidated basis, are each other Obligor is now Solvent and, after giving effect to the Loans to be made hereunder, the Letters of Credit to be issued in connection herewith and the consummation of the other transactions described in the Credit Loan Documents, the Acquisition Documents, the Bridge Loan Documents, and the Merger Documents, each Borrower and each other Obligor will be Solvent.

Appears in 1 contract

Samples: Loan and Security Agreement (Tropical Sportswear Co Inc)

Solvent Financial Condition. Borrowers Each Borrower and their its Subsidiaries together, on a consolidated basis, are now is Solvent and, after giving effect to the Loans to be made hereunder, the Letters of Credit to be issued in connection herewith and the consummation of the other transactions described in the Credit Loan Documents, will be Solvent.

Appears in 1 contract

Samples: Credit Agreement (Superior Essex Inc)

Solvent Financial Condition. Borrowers and their Subsidiaries togetherSubsidiaries, on a consolidated Consolidated basis, are now Solvent and, after giving effect to the Loans to be made hereunder, the Letters of Credit to be issued in connection herewith and the consummation of the other transactions described in the Credit Loan Documents, will be Solvent.

Appears in 1 contract

Samples: Loan and Security Agreement (Rowe Companies)

Time is Money Join Law Insider Premium to draft better contracts faster.