Certificate of No Default. Concurrently with the delivery of each of the financial statements referred to in Sections 8.1(a) or 8.1(b), a certificate of a Responsible Officer of the BORROWERS (i) stating that, to the best of such officer's knowledge, no Default has occurred and is continuing or, if a Default has occurred and is continuing, stating the nature thereof and the action that is proposed to be taken with respect thereto, and (ii) showing in reasonable detail the calculations demonstrating compliance with Article 10;
Appears in 1 contract
Certificate of No Default. Concurrently with the delivery of each of the financial statements referred to in Sections 8.1(a) or 8.1(b), a certificate of a Responsible Officer of the BORROWERS BORROWER (i) stating that, to the best of such officer's knowledge, no Default has occurred and is continuing or, if a Default has occurred and is continuing, stating the nature thereof and the action that is proposed to be taken with respect thereto, and (ii) showing in reasonable detail the calculations demonstrating compliance with Article 10;
Appears in 1 contract
Certificate of No Default. Concurrently with the delivery of each of the financial statements referred to in Sections 8.1(a) or and 8.1(b), a certificate of a Responsible Officer of the BORROWERS Borrower (i) stating that, to the best of such officer's knowledge, no Default has occurred and is continuing or, if a Default has occurred and is continuing, stating the nature thereof and the action that is proposed to be taken with respect thereto, and (ii) showing in reasonable detail the calculations demonstrating compliance with Article 10;Default
Appears in 1 contract
Certificate of No Default. Concurrently with the delivery of each of the financial statements referred to in Sections 8.1(asubsections 7.1(a) or 8.1(band 7.1(b), a certificate of a Responsible Officer an acceptable officer of the BORROWERS Borrower (i) stating that, that to the best of such officer's ’s knowledge, no Default has occurred and is continuing orcontinuing, or if a Default has occurred and is continuing, stating a statement as to the nature thereof and the action that which is proposed to be taken with respect thereto, and (ii) showing in reasonable detail the calculations demonstrating compliance with Article 10IX;
Appears in 1 contract
Samples: Loan Agreement (Spacehab Inc \Wa\)
Certificate of No Default. Concurrently with the delivery of each of the financial statements referred to in Sections 8.1(a) or 8.1(b), a certificate of a Responsible Officer of the BORROWERS Borrower (i) stating that, to the best of such officer's knowledge, no Default has occurred and is continuing or, if a Default has occurred and is continuing, stating the nature thereof and the action that is proposed to be taken with respect thereto, and (ii) showing in reasonable detail the calculations demonstrating compliance with Article 10;
Appears in 1 contract
Samples: Credit Agreement (R&b Falcon Corp)