{"component": "definition", "props": {"groups": [{"snippet": "and \u201cSolvency\u201d mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person\u2019s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person\u2019s property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [21, 36]}, {"key": "any-person", "type": "definition", "offset": [37, 47]}, {"key": "date-of-determination", "type": "definition", "offset": [55, 76]}, {"key": "value-of-the-property", "type": "definition", "offset": [109, 130]}, {"key": "total-amount", "type": "clause", "offset": [166, 178]}, {"key": "contingent-liabilities", "type": "clause", "offset": [205, 227]}, {"key": "present-fair-salable-value", "type": "definition", "offset": [253, 279]}, {"key": "the-assets", "type": "clause", "offset": [283, 293]}, {"key": "liability-of", "type": "clause", "offset": [379, 391]}, {"key": "ability-to-pay", "type": "definition", "offset": [573, 587]}, {"key": "debts-and-liabilities", "type": "clause", "offset": [593, 614]}, {"key": "engaged-in-business", "type": "definition", "offset": [654, 673]}, {"key": "engage-in-business", "type": "clause", "offset": [712, 730]}, {"key": "unreasonably-small-capital", "type": "definition", "offset": [802, 828]}, {"key": "contingent-obligations", "type": "clause", "offset": [892, 914]}, {"key": "other-commitments", "type": "definition", "offset": [919, 936]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [952, 986]}, {"key": "at-any-time", "type": "clause", "offset": [1025, 1036]}, {"key": "the-facts", "type": "clause", "offset": [1095, 1104]}], "samples": [{"hash": "bAtMMpZboz2", "uri": "/contracts/bAtMMpZboz2#solvent", "label": "Credit Agreement (Ceco Environmental Corp)", "score": 37.2491455078, "published": true}, {"hash": "3Lh2StnmGFp", "uri": "/contracts/3Lh2StnmGFp#solvent", "label": "Fourth Amended and Restated Credit Agreement (American Assets Trust, L.P.)", "score": 37.2464065552, "published": true}, {"hash": "drgajx3EQiM", "uri": "/contracts/drgajx3EQiM#solvent", "label": "Credit Agreement (Saltchuk Resources, Inc.)", "score": 37.1697463989, "published": true}], "size": 1354, "hash": "93c525935f257237399c2c195b8da3da", "id": 1}, {"snippet": "means, when used with respect to any Person, that at the time of determination:", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [17, 32]}, {"key": "any-person", "type": "definition", "offset": [33, 43]}, {"key": "time-of-determination", "type": "definition", "offset": [57, 78]}], "samples": [{"hash": "1ID4Uamwg6P", "uri": "/contracts/1ID4Uamwg6P#solvent", "label": "Bridge Facility Credit Agreement (Sonic Automotive Inc)", "score": 37.2491455078, "published": true}, {"hash": "fHdtu8scXt7", "uri": "/contracts/fHdtu8scXt7#solvent", "label": "First Amendment Agreement (AerCap Holdings N.V.)", "score": 37.1149902344, "published": true}, {"hash": "dF6jWKSE5aj", "uri": "/contracts/dF6jWKSE5aj#solvent", "label": "Credit Agreement (Aircastle LTD)", "score": 36.3319625854, "published": true}], "size": 1149, "hash": "f61f0fa62f025aa314e299add08b4b6c", "id": 2}, {"snippet": "and \u201cSolvency\u201d mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person\u2019s ability to pay such debts and liabilities as they mature and (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person\u2019s property would constitute an unreasonably small capital. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [21, 36]}, {"key": "any-person", "type": "definition", "offset": [37, 47]}, {"key": "date-of-determination", "type": "definition", "offset": [55, 76]}, {"key": "value-of-the-property", "type": "definition", "offset": [109, 130]}, {"key": "total-amount", "type": "clause", "offset": [166, 178]}, {"key": "contingent-liabilities", "type": "clause", "offset": [205, 227]}, {"key": "present-fair-salable-value", "type": "definition", "offset": [253, 279]}, {"key": "the-assets", "type": "clause", "offset": [283, 293]}, {"key": "liability-of", "type": "clause", "offset": [379, 391]}, {"key": "ability-to-pay", "type": "definition", "offset": [573, 587]}, {"key": "debts-and-liabilities", "type": "clause", "offset": [593, 614]}, {"key": "engaged-in-business", "type": "definition", "offset": [657, 676]}, {"key": "engage-in-business", "type": "clause", "offset": [715, 733]}, {"key": "unreasonably-small-capital", "type": "definition", "offset": [805, 831]}, {"key": "at-any-time", "type": "clause", "offset": [870, 881]}, {"key": "the-facts", "type": "clause", "offset": [940, 949]}], "samples": [{"hash": "aOuce9Tm9B6", "uri": "/contracts/aOuce9Tm9B6#solvent", "label": "Credit Agreement (Bloomin' Brands, Inc.)", "score": 35.729637146, "published": true}, {"hash": "kdixfWVPzqH", "uri": "/contracts/kdixfWVPzqH#solvent", "label": "Credit Agreement (Sally Beauty Holdings, Inc.)", "score": 35.6009597778, "published": true}, {"hash": "46swreAgqR8", "uri": "/contracts/46swreAgqR8#solvent", "label": "Credit Agreement (AMC Networks Inc.)", "score": 35.2724151611, "published": true}], "size": 962, "hash": "b3569fe91fda6dd0fdbe9140ef7cd6ab", "id": 3}, {"snippet": "when used with respect to any Person, means that, as of any date of determination, (a) the amount of the \u201cpresent fair saleable value\u201d of the assets of such Person will, as of such date, exceed the amount of all \u201cliabilities of such Person, contingent or otherwise\u201d, as of such date, as such quoted terms are determined in accordance with applicable federal and state laws governing determinations of the insolvency of debtors, (b) the present fair saleable value of the assets of such Person will, as of such date, be greater than the amount that will be required to pay the liability of such Person on its debts as such debts become absolute and matured, (c) such Person will not have, as of such date, an unreasonably small amount of capital with which to conduct its business, and (d) such Person will be able to pay its debts as they mature. For purposes of this definition, (i) \u201cdebt\u201d means liability on a \u201cclaim\u201d, and (ii) \u201cclaim\u201d means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured or unsecured.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [10, 25]}, {"key": "any-person", "type": "definition", "offset": [26, 36]}, {"key": "date-of-determination", "type": "definition", "offset": [60, 81]}, {"key": "present-fair-saleable-value", "type": "definition", "offset": [106, 133]}, {"key": "the-assets", "type": "clause", "offset": [138, 148]}, {"key": "in-accordance-with", "type": "clause", "offset": [320, 338]}, {"key": "laws-governing", "type": "clause", "offset": [368, 382]}, {"key": "the-liability-of", "type": "clause", "offset": [572, 588]}, {"key": "small-amount", "type": "definition", "offset": [721, 733]}, {"key": "for-purposes-of-this-definition", "type": "clause", "offset": [847, 878]}, {"key": "right-to-payment", "type": "clause", "offset": [952, 968]}, {"key": "breach-of", "type": "definition", "offset": [1188, 1197]}, {"key": "such-right", "type": "definition", "offset": [1274, 1284]}], "samples": [{"hash": "2CWZOSVOdKU", "uri": "/contracts/2CWZOSVOdKU#solvent", "label": "Credit Agreement (Scotts Miracle-Gro Co)", "score": 36.8959617615, "published": true}, {"hash": "8050C0UdvY6", "uri": "/contracts/8050C0UdvY6#solvent", "label": "Credit Agreement (Kennametal Inc)", "score": 36.879535675, "published": true}, {"hash": "6HGaQyxq6US", "uri": "/contracts/6HGaQyxq6US#solvent", "label": "Credit Agreement (MSC Industrial Direct Co Inc)", "score": 36.553730011, "published": true}], "size": 959, "hash": "3a5e0d110758317f98876799e9d47855", "id": 4}, {"snippet": "or \u201cSolvency\u201d means, with respect to any Person as of a particular date, that on such date (a) such Person is able to pay its debts and other liabilities, contingent obligations and other commitments as they mature in the ordinary course of business, (b) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person\u2019s ability to pay as such debts and liabilities mature in their ordinary course, (c) such Person is not engaged in a business or a transaction, and is not about to engage in a business or a transaction, for which such Person\u2019s property would constitute unreasonably small capital after giving due consideration to the prevailing practice in the industry in which such Person is engaged or is to engage, (d) the fair value of the property of such Person is greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person and (e) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured. In computing the amount of contingent liabilities at any time, it is intended that such liabilities will be computed at the amount which, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [21, 36]}, {"key": "any-person", "type": "definition", "offset": [37, 47]}, {"key": "other-liabilities", "type": "definition", "offset": [136, 153]}, {"key": "contingent-obligations", "type": "clause", "offset": [155, 177]}, {"key": "other-commitments", "type": "definition", "offset": [182, 199]}, {"key": "in-the-ordinary-course-of-business", "type": "definition", "offset": [215, 249]}, {"key": "ability-to-pay", "type": "definition", "offset": [370, 384]}, {"key": "debts-and-liabilities", "type": "clause", "offset": [393, 414]}, {"key": "engaged-in", "type": "definition", "offset": [471, 481]}, {"key": "engage-in-a", "type": "definition", "offset": [531, 542]}, {"key": "unreasonably-small-capital", "type": "definition", "offset": [620, 646]}, {"key": "after-giving", "type": "clause", "offset": [647, 659]}, {"key": "due-consideration", "type": "definition", "offset": [660, 677]}, {"key": "prevailing-practice", "type": "definition", "offset": [685, 704]}, {"key": "value-of-the-property", "type": "definition", "offset": [783, 804]}, {"key": "total-amount", "type": "clause", "offset": [840, 852]}, {"key": "without-limitation", "type": "clause", "offset": [880, 898]}, {"key": "contingent-liabilities", "type": "clause", "offset": [900, 922]}, {"key": "present-fair-salable-value", "type": "definition", "offset": [951, 977]}, {"key": "the-assets", "type": "clause", "offset": [981, 991]}, {"key": "liability-of", "type": "clause", "offset": [1077, 1089]}, {"key": "at-any-time", "type": "clause", "offset": [1202, 1213]}, {"key": "the-facts", "type": "clause", "offset": [1306, 1315]}], "samples": [{"hash": "jOs0p3pq4IO", "uri": "/contracts/jOs0p3pq4IO#solvent", "label": "Credit Agreement (Esperion Therapeutics, Inc.)", "score": 37.2491455078, "published": true}, {"hash": "3O5fy6M0Z4x", "uri": "/contracts/3O5fy6M0Z4x#solvent", "label": "Credit Agreement (Healthpeak Properties, Inc.)", "score": 37.2217674255, "published": true}, {"hash": "1bVSMirj9GC", "uri": "/contracts/1bVSMirj9GC#solvent", "label": "Credit Agreement (ARS Pharmaceuticals, Inc.)", "score": 36.742641449, "published": true}], "size": 625, "hash": "5d22b6dc92ee1325596228126f77e061", "id": 5}, {"snippet": "As to any Person at any time, having a state of affairs such that all of the following conditions are met: (a) the fair value of the property of such Person is greater than the amount of such Person\u2019s liabilities (including disputed, contingent and unliquidated liabilities) as such value is established and liabilities evaluated for purposes of Section 101(32) of the Bankruptcy Code; (b) the present fair saleable value of the property of such Person in an orderly liquidation of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts and other liabilities as they become absolute and matured; (c) such Person is able to realize upon its property and pay its debts and other liabilities (including disputed, contingent and unliquidated liabilities) as they mature in the normal course of business; (d) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person\u2019s ability to pay as such debts and liabilities mature; and (e) such Person is not engaged in a business or a transaction, and does not propose to engage in a business or a transaction, for which such Person\u2019s property assets would constitute unreasonably small capital.", "snippet_links": [{"key": "any-person", "type": "definition", "offset": [6, 16]}, {"key": "at-any-time", "type": "clause", "offset": [17, 28]}, {"key": "having-a", "type": "definition", "offset": [30, 38]}, {"key": "state-of", "type": "definition", "offset": [39, 47]}, {"key": "value-of-the-property", "type": "definition", "offset": [120, 141]}, {"key": "for-purposes-of-section", "type": "clause", "offset": [330, 353]}, {"key": "bankruptcy-code", "type": "clause", "offset": [369, 384]}, {"key": "present-fair-saleable-value", "type": "definition", "offset": [394, 421]}, {"key": "orderly-liquidation", "type": "clause", "offset": [459, 478]}, {"key": "liability-of", "type": "clause", "offset": [564, 576]}, {"key": "other-liabilities", "type": "definition", "offset": [606, 623]}, {"key": "normal-course-of-business", "type": "clause", "offset": [838, 863]}, {"key": "ability-to-pay", "type": "definition", "offset": [984, 998]}, {"key": "debts-and-liabilities", "type": "clause", "offset": [1007, 1028]}, {"key": "engaged-in", "type": "definition", "offset": [1064, 1074]}, {"key": "engage-in-a", "type": "definition", "offset": [1128, 1139]}, {"key": "property-assets", "type": "definition", "offset": [1191, 1206]}, {"key": "unreasonably-small-capital", "type": "definition", "offset": [1224, 1250]}], "samples": [{"hash": "gMqskOab4Am", "uri": "/contracts/gMqskOab4Am#solvent", "label": "Loan and Security Agreement (PennantPark Private Income Fund)", "score": 37.1861724854, "published": true}, {"hash": "gdCbQCb31Rm", "uri": "/contracts/gdCbQCb31Rm#solvent", "label": "Loan, Security and Collateral Management Agreement (5C Lending Partners Corp.)", "score": 37.1724853516, "published": true}, {"hash": "6Qp7vWURQOH", "uri": "/contracts/6Qp7vWURQOH#solvent", "label": "Loan, Security and Collateral Management Agreement (Investcorp US Private Credit BDC II)", "score": 37.1697463989, "published": true}], "size": 493, "hash": "61156c135ae785cdf52b6b603d9f529f", "id": 6}, {"snippet": "means, with respect to any Person on a particular date, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person; (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured; (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person\u2019s ability to pay as such debts and liabilities mature; and (d) such Person is not engaged in a business or transaction, and is not about to engage in a business or transaction, for which such Person\u2019s property would constitute an unreasonably small capital. The amount of contingent liabilities (such as litigation, guaranties and pension plan liabilities) at any time shall be computed as the amount that, in light of all the facts and circumstances existing at the time, represents the amount that can be reasonably be expected to become an actual or matured liability.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "any-person", "type": "definition", "offset": [23, 33]}, {"key": "value-of-the-property", "type": "definition", "offset": [87, 108]}, {"key": "total-amount", "type": "clause", "offset": [144, 156]}, {"key": "contingent-liabilities", "type": "clause", "offset": [183, 205]}, {"key": "present-fair-salable-value", "type": "definition", "offset": [231, 257]}, {"key": "the-assets", "type": "clause", "offset": [261, 271]}, {"key": "liability-of", "type": "clause", "offset": [357, 369]}, {"key": "ability-to-pay", "type": "definition", "offset": [551, 565]}, {"key": "debts-and-liabilities", "type": "clause", "offset": [574, 595]}, {"key": "engaged-in", "type": "definition", "offset": [631, 641]}, {"key": "engage-in-a", "type": "definition", "offset": [689, 700]}, {"key": "unreasonably-small-capital", "type": "definition", "offset": [779, 805]}, {"key": "pension-plan-liabilities", "type": "clause", "offset": [880, 904]}, {"key": "at-any-time", "type": "clause", "offset": [906, 917]}, {"key": "the-facts", "type": "clause", "offset": [972, 981]}, {"key": "at-the-time", "type": "clause", "offset": [1009, 1020]}], "samples": [{"hash": "8KaCPE795Nf", "uri": "/contracts/8KaCPE795Nf#solvent", "label": "Credit Agreement (Creative Realities, Inc.)", "score": 36.8631057739, "published": true}, {"hash": "ypnoTO6l2l", "uri": "/contracts/ypnoTO6l2l#solvent", "label": "Credit Agreement (Harrow, Inc.)", "score": 36.8576316833, "published": true}, {"hash": "gZLUqKtipaF", "uri": "/contracts/gZLUqKtipaF#solvent", "label": "Revolving Credit Agreement (Mammoth Energy Services, Inc.)", "score": 36.2908973694, "published": true}], "size": 458, "hash": "105e7619ea73981c738dfd6cda324d7d", "id": 7}, {"snippet": "and \u201cSolvency\u201d mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the assets of such Person and its Subsidiaries, on a consolidated basis, exceeds, on a consolidated basis, their debts and liabilities, subordinated, contingent or otherwise, (b) the present fair saleable value of the property of such Person and its Subsidiaries, on a consolidated basis, is greater than the amount that will be required to pay the probable liability, on a consolidated basis, of their debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become absolute and matured, (c) such Person and its Subsidiaries, on a consolidated basis, are able to pay their debts and liabilities, subordinated, contingent or otherwise, as such liabilities become absolute and matured and (d) such Person and its Subsidiaries, on a consolidated basis, are not engaged in, and are not about to engage in, business for which they have unreasonably small capital. The amount of any contingent liability at any time shall be computed as the amount that would reasonably be expected to become an actual and matured liability.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [21, 36]}, {"key": "any-person", "type": "definition", "offset": [37, 47]}, {"key": "date-of-determination", "type": "definition", "offset": [55, 76]}, {"key": "fair-value", "type": "definition", "offset": [104, 114]}, {"key": "the-assets", "type": "clause", "offset": [118, 128]}, {"key": "consolidated-basis", "type": "clause", "offset": [171, 189]}, {"key": "debts-and-liabilities", "type": "clause", "offset": [231, 252]}, {"key": "value-of-the-property", "type": "definition", "offset": [323, 344]}, {"key": "to-pay", "type": "clause", "offset": [456, 462]}, {"key": "other-liabilities", "type": "definition", "offset": [531, 548]}, {"key": "engaged-in", "type": "definition", "offset": [924, 934]}, {"key": "unreasonably-small-capital", "type": "definition", "offset": [997, 1023]}, {"key": "contingent-liability", "type": "clause", "offset": [1043, 1063]}, {"key": "at-any-time", "type": "clause", "offset": [1064, 1075]}], "samples": [{"hash": "8eiPx0oNCIE", "uri": "/contracts/8eiPx0oNCIE#solvent", "label": "Credit Agreement (Hilton Worldwide Holdings Inc.)", "score": 37.2080764771, "published": true}, {"hash": "hs7oNjYpLI1", "uri": "/contracts/hs7oNjYpLI1#solvent", "label": "Credit Agreement (Medline Inc.)", "score": 36.8220405579, "published": true}, {"hash": "eKjlVQT0tIv", "uri": "/contracts/eKjlVQT0tIv#solvent", "label": "Credit Agreement (Medline Inc.)", "score": 36.8220405579, "published": true}], "size": 405, "hash": "1e546c86450c41e7a3e6b6c3220bc74e", "id": 8}, {"snippet": "means, as to any Person as of any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair saleable value of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person\u2019s ability to pay such debts and liabilities as they mature and (d) such Person is not engaged in a business or a transaction, and is not about to engage in a business or a transaction, for which such Person\u2019s property would constitute an unreasonably small capital. The amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.", "snippet_links": [{"key": "any-person", "type": "definition", "offset": [13, 23]}, {"key": "date-of-determination", "type": "definition", "offset": [34, 55]}, {"key": "value-of-the-property", "type": "definition", "offset": [88, 109]}, {"key": "total-amount", "type": "clause", "offset": [145, 157]}, {"key": "contingent-liabilities", "type": "clause", "offset": [184, 206]}, {"key": "present-fair-saleable-value", "type": "definition", "offset": [232, 259]}, {"key": "liability-of", "type": "clause", "offset": [345, 357]}, {"key": "ability-to-pay", "type": "definition", "offset": [539, 553]}, {"key": "debts-and-liabilities", "type": "clause", "offset": [559, 580]}, {"key": "engaged-in", "type": "definition", "offset": [623, 633]}, {"key": "engage-in-a", "type": "definition", "offset": [683, 694]}, {"key": "unreasonably-small-capital", "type": "definition", "offset": [775, 801]}, {"key": "contingent-liability", "type": "clause", "offset": [821, 841]}, {"key": "at-any-time", "type": "clause", "offset": [842, 853]}, {"key": "the-facts", "type": "clause", "offset": [911, 920]}], "samples": [{"hash": "j5YirWg2hjJ", "uri": "/contracts/j5YirWg2hjJ#solvent", "label": "Purchase Agreement (SunPower Inc.)", "score": 37.188911438, "published": true}, {"hash": "39J3lrSX2Rr", "uri": "/contracts/39J3lrSX2Rr#solvent", "label": "Standby Equity Purchase Agreement (SunPower Inc.)", "score": 37.0793991089, "published": true}, {"hash": "4tcGLBRcf0Z", "uri": "/contracts/4tcGLBRcf0Z#solvent", "label": "Standby Equity Purchase Agreement (VisionWave Holdings, Inc.)", "score": 37.0602340698, "published": true}], "size": 363, "hash": "4e97e5d82925b65da8b5351191793c12", "id": 9}, {"snippet": "means, with respect to any Person as of any date of determination, that, as of such date, (a) the value of the assets of such Person (both at fair value and present fair saleable value) is greater than the total amount of liabilities (including contingent and unliquidated liabilities) of such Person, (b) such Person is able to pay all liabilities of such Person as such liabilities mature and (c) such Person does not have unreasonably small capital. In computing the amount of contingent or unliquidated liabilities at any time, such liabilities shall be computed at the amount that, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "any-person", "type": "definition", "offset": [23, 33]}, {"key": "date-of-determination", "type": "definition", "offset": [44, 65]}, {"key": "the-value", "type": "clause", "offset": [94, 103]}, {"key": "the-assets", "type": "clause", "offset": [107, 117]}, {"key": "fair-value", "type": "definition", "offset": [142, 152]}, {"key": "present-fair-saleable-value", "type": "definition", "offset": [157, 184]}, {"key": "total-amount", "type": "clause", "offset": [206, 218]}, {"key": "to-pay", "type": "clause", "offset": [326, 332]}, {"key": "unreasonably-small-capital", "type": "definition", "offset": [425, 451]}, {"key": "at-any-time", "type": "clause", "offset": [519, 530]}, {"key": "the-facts", "type": "clause", "offset": [603, 612]}], "samples": [{"hash": "2vy9FLmHqBY", "uri": "/contracts/2vy9FLmHqBY#solvent", "label": "Amendment No. 7 (Tenet Healthcare Corp)", "score": 36.8439407349, "published": true}, {"hash": "kGxjQbImx9N", "uri": "/contracts/kGxjQbImx9N#solvent", "label": "Credit Agreement (Mediaco Holding Inc.)", "score": 35.7077331543, "published": true}, {"hash": "kTnrhB5eVSc", "uri": "/contracts/kTnrhB5eVSc#solvent", "label": "Second Lien Term Loan Agreement (Mediaco Holding Inc.)", "score": 35.2943191528, "published": true}], "size": 361, "hash": "f5acf2a209e0f71ff9f8b313477cd7e8", "id": 10}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIQc29sdmVudCMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"snippet": "and \u201cSolvency\u201d mean, with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such Person\u2019s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person\u2019s property would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.", "title": "Solvent", "size": 34515, "id": "solvent", "examples": ["After giving effect to the Loan advance and the liabilities and obligations of each Credit Party under the Financing Documents, the Credit Parties, on a consolidated basis, are <strong>Solvent</strong>.", "After giving effect to the execution and delivery of the Loan Documents and the making of the Credit Extensions under this Agreement, the Borrower, together with its Subsidiaries on a consolidated basis, is <strong>Solvent</strong>.", "As of the Closing Date, the Borrower and its Subsidiaries, on a Consolidated basis, are <strong>Solvent</strong>.", "Immediately after giving effect to each Advance hereunder, and the disbursement of the proceeds of such Advance, it is and will be <strong>Solvent</strong>.", "The REIT and its Consolidated Subsidiaries, on a consolidated basis, are <strong>Solvent</strong>.", "On the Sixth Amendment Effective Date, after giving effect to this Agreement, the Covenant Entities are <strong>Solvent</strong>.", "After giving effect to the Loan advance and the liabilities and obligations of each Credit Party under the Financing Documents, each Borrower and each additional Credit Party is <strong>Solvent</strong>.", "Immediately after giving effect to the transactions contemplated by this Agreement, the Borrowers, on a consolidated basis, shall be <strong>Solvent</strong>."], "related": [["insolvent", "Insolvent", "Insolvent"], ["organic-solvent", "Organic solvent", "Organic <strong>solvent</strong>"], ["material-subsidiaries", "Material Subsidiaries", "Material Subsidiaries"], ["solvency-ii", "Solvency II", "Solvency II"], ["material-subsidiary", "Material Subsidiary", "Material Subsidiary"]], "related_snippets": [], "updated": "2026-04-15T04:23:14+00:00"}, "json": true, "cursor": ""}}