5.3. Financial Health. By signing this Application, Applicant represents and warrants that it is fiscally healthy, has a financially sustainable business and has adequate resources and capital to fulfill Applicant’s obligations under USSSA’s licensing programs; including, without limitation, paying all Minimum Guaranteed Royalties, all other royalties, all insurance premiums and deductibles for all insurance policies required and described under Section 5.1 of this Application, together with any and all fines or late payment fees that may occur to the extent Applicant becomes a Licensee.