Common use of Solvent Financial Condition Clause in Contracts

Solvent Financial Condition. Each Borrower and each Restricted Subsidiary is now and, after giving effect to the initial Loans to be made and the initial Letters of Credit and LC Guaranties to be issued hereunder and all related transactions, will be, Solvent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Kinetek Inc), Loan and Security Agreement (Kinetek Inc)

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Solvent Financial Condition. Each Borrower of Borrowers and each Restricted Subsidiary their Subsidiaries, is now and, after giving effect to the initial Loans to be made and the initial Letters of Credit and LC Guaranties to be issued hereunder and all related transactions, will be, Solvent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Restoration Hardware Inc), Loan and Security Agreement (Restoration Hardware Inc)

Solvent Financial Condition. Each Borrower and each Restricted Subsidiary of its Subsidiaries is now and, after giving effect to the initial Loans to be made and the initial Letters of Credit and LC Guaranties to be issued hereunder hereunder, and all related transactions, will be, be Solvent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Velocity Express Corp), Loan and Security Agreement (Velocity Express Corp)

Solvent Financial Condition. Each Borrower and each Restricted Subsidiary is now andof its Subsidiaries, after giving effect to the Plan of Reorganization and the initial Loans to be made and the initial Letters of Credit and LC Guaranties to be issued hereunder and all related transactions, will be, be Solvent.

Appears in 1 contract

Samples: Loan and Security Agreement (Bayou Steel Corp)

Solvent Financial Condition. Each Borrower and each Restricted Subsidiary of its Subsidiaries, is now and, after giving effect to the initial Loans to be made and the initial Letters of Credit and LC Guaranties to be issued hereunder and all related transactions, will be, Solvent.

Appears in 1 contract

Samples: Loan and Security Agreement (Weirton Steel Corp)

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Solvent Financial Condition. Each Borrower Borrowers and each their Restricted Subsidiary is Subsidiaries, taken as a whole are now and, after giving effect to the initial Loans to be made and the initial Letters of Credit and LC Guaranties to be issued hereunder and all related transactions, transactions will be, Solvent.

Appears in 1 contract

Samples: Loan and Security Agreement (Truserv Corp)

Solvent Financial Condition. Each Borrower and each Restricted Subsidiary of its Subsidiaries, is now and, after giving effect to the initial Loans to be made and the initial Letters of Credit and LC Guaranties to be issued hereunder and all related transactions, will be, Solvent.. 7.1.13

Appears in 1 contract

Samples: Loan and Security Agreement (Mfri Inc)

Solvent Financial Condition. Each Borrower and each Restricted Subsidiary of its Subsidiaries, is now and, after giving effect to the initial Loans to be made and the initial Letters of Credit and LC Guaranties to be issued hereunder and all related transactionstransactions including the consummation of the Acquisition, will be, Solvent.

Appears in 1 contract

Samples: Loan and Security Agreement (Pw Eagle Inc)

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