Examples of Contingent Obligations in a sentence
The fair saleable value of the Issuer’s assets taken as a whole is and will, immediately following the issuance of any Notes (and the use of proceeds thereof), be greater than the Issuer’s probable liabilities, including the maximum amount of their Contingent Obligations on their debts as such debts become absolute and matured.
The Issuer does not intend to, and does not believe that it will, incur Indebtedness and liabilities (including Contingent Obligations and other commitments) beyond its ability to pay such Indebtedness and liabilities as they mature (taking into account the timing and amounts of cash to be received by the Issuer and the amounts to be payable on or in respect of obligations of the Issuer).
Other than any liability incident to any litigation, arbitration or proceeding that could not reasonably be expected to have a Material Adverse Effect, the Borrower has no material Contingent Obligations not provided for or disclosed in the financial statements referred to in Section 5.4.
After giving effect to the issuance of the Notes (and the use of proceeds thereof), the fair saleable value of the Issuer’s assets taken as a whole exceed and will, immediately following the issuance of any Notes, exceed the Issuer’s total liabilities, including subordinated, unliquidated, disputed or Contingent Obligations.
As of the applicable Closing Date, the Issuer shall have no outstanding Indebtedness or Contingent Obligations other than the Obligations and the Permitted Indebtedness.