Financially Solvent definition
Financially Solvent means the entity is able to pay its debts when due.
Financially Solvent means an employer’s current and continuing ability to pay, as they become due, all existing and future obligations, including workers’ compensation benefits to which it is or becomes obligated under the Act.
Financially Solvent means a self-insured’s continuing ability to pay all existing and future claims to which it is or may become obligated by operation of its motor vehicles on the highways of New Mexico, and that there are no circumstances clearly indicating to the superintendent that there is an imminent danger that the self-insured will likely become insolvent.
Examples of Financially Solvent in a sentence
As may be applicable, the Contractor represents and warrants that the following shall be true and correct as of the date of the Agreement and shall continue to be true and correct (as may be modified from time to time subject to PRDE’s approval) during the Term of the Agreement: Financially Solvent.