Solvency Certificate: Lending | Practical Law

Solvency Certificate: Lending | Practical Law

A certificate from the borrower (or its parent) certifying the solvency of the borrower and the other loan parties (if applicable). This certificate may be required as a condition to closing to ensure the loan parties will be solvent before and after the transaction is completed and to deny any fraudulent conveyance claims. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.

Solvency Certificate: Lending

Practical Law Standard Document 6-381-0297 (Approx. 6 pages)

Solvency Certificate: Lending

by Practical Law Finance
MaintainedUSA (National/Federal)
A certificate from the borrower (or its parent) certifying the solvency of the borrower and the other loan parties (if applicable). This certificate may be required as a condition to closing to ensure the loan parties will be solvent before and after the transaction is completed and to deny any fraudulent conveyance claims. This Standard Document has integrated notes with important explanations and drafting and negotiating tips.