After giving effect to the Transactions and the other transactions contemplated hereby (including at the time of and immediately after giving effect to any Borrowing or the issuance, amendment, renewal or extension of any Letter of Credit, as applicable) (a) the sum of the debt and liabilities (including subordinated and contingent liabilities) of Parent, the Borrower and the other Loan Parties, taken as a whole, does not exceed the fair value of the present assets of Parent, the Borrower and the other Loan Parties, taken as a whole, (b) the present fair saleable value of the assets of Parent, the Borrower and the other Loan Parties, taken as a whole, is greater than the total amount that will be required to pay the probable debt and liabilities (including subordinated and contingent liabilities) of Parent, the Borrower and the other Loan Parties as they become absolute and matured, (c) Parent, the Borrower and the other Loan Parties, taken as a whole, have not incurred, or believe that they will incur, debts or other liabilities including current obligations beyond their ability to pay such debt as they mature in the ordinary course of business and (d) the capital of Parent, the Borrower and the other Loan Parties, taken as a whole, is not unreasonably small to engage in the business of Parent, the Borrower and the other Loan Parties, taken as a whole. For the purpose of this Section 7.24 , 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.