Each Borrower Party is solvent and will not be rendered insolvent by any Loan hereunder and, after giving effect to each such Loan, each Borrower Party will not be left with an unreasonably small amount of capital with which to engage in its business. Each Borrower Party does not intend to incur, nor believes that it has incurred, debts beyond its ability to pay such debts as they mature. No Borrower Party is contemplating the commencement of insolvency, bankruptcy, liquidation or consolidation proceedings or the appointment of a receiver, liquidator, conservator, trustee or similar official in respect of any Borrower Property or any of its assets.