Solvency Test definition

Solvency Test means the solvency test prescribed by section 56 of the Act and set out in Article 124; and

Solvency Test means a test to determine that—

Solvency Test means the solvency test referred to in section 49 (meaning of “solvency test” and “distribution”) of the Act which the Company satisfies if it is able to pay its debts as they become due in the normal course of the Company’s business and the value of its assets exceeds the value of its liabilities;

Examples of Solvency Test in a sentence

• The Directors who vote in favour of a Distribution shall sign a certificate stating that, in their opinion, the Company will satisfy the Solvency Test immediately after the Distribution.

• All distributions are subject to the Cayman Solvency Test which addresses the Company’s ability to pay debts as they fall due in the natural course of business.

• The Mauritius Companies Act does not permit the Company to make any payment in whatever form to purchase its own Shares where there are reasonable grounds for believing that the Company is, or would after the payment, be unable to satisfy the Solvency Test.

• We have prepared the Solvency Test for the Plan’s Comprehensive Annual Financial Report.

• Under the Mauritius Companies Act, the Company shall not make any payment in whatever form to purchase its Shares where there are reasonable grounds for believing that the Company is, or would after the payment, be unable to satisfy the Solvency Test.

More Definitions of Solvency Test

Solvency Test means an examination to be applied to the financial state of the Company, which will be satisfied if:

Solvency Test for the purposes of this Act, means that a company shall satisfy the solvency test where the company is able to pay its debts as they become due in the normal course of business; and the value of the company's assets is greater than the sum of the value of its liabilities; and the company’s stated capital.

Solvency Test means the solvency test prescribed by section 56 of the Act and set out in Articles;

Solvency Test means a solvent test as specified in section 67;

Solvency Test means the test specified in Regulation68;

Solvency Test means that:

Solvency Test means the solvency test referred to in section 49 of the Companies Act