Common use of Certificate of No Default Clause in Contracts

Certificate of No Default. Within forty-five (45) days after the end of each quarter of each Fiscal Year of Borrower, a certificate of the chief financial officer of Borrower (i) certifying that no Default or Event of Default has occurred and is continuing or, if a Default or Event of Default has occurred and is continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto, and (ii) with computations demonstrating compliance with the covenants contained in Article X, as of the end of that fiscal period.

Appears in 4 contracts

Samples: Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD)

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Certificate of No Default. Within forty-five sixty (4560) days after the end of the first three (3) quarters of each quarter Fiscal Year of Borrower and within seventy five (75) days after the end of each Fiscal Year of Borrower, a certificate of the chief financial officer of Borrower (i) certifying that no Default or Event of Default has occurred and is continuing or, if a Default or Event of Default has occurred and is continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto, and (ii) with computations demonstrating compliance with the covenants contained in Article X, as of the end of that fiscal period.

Appears in 3 contracts

Samples: Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD)

Certificate of No Default. Within forty-five (45) days after the end of each quarter of each Fiscal Year of the Borrower, a certificate of the chief financial officer of the Borrower (ia) certifying that no Default or Event of Default has occurred and is continuing or, if a Default or Event of Default has occurred and is continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto, and (iib) with computations demonstrating compliance with the covenants contained in Article X, as of the end of that fiscal period.

Appears in 2 contracts

Samples: Credit Agreement and Guaranty (Hampshire Group LTD), Credit Agreement and Guaranty (Hampshire Group LTD)

Certificate of No Default. Within forty-forty five (45) days after the end of each quarter of the quarters of each Fiscal Year fiscal year of the Borrower, a certificate of the chief financial officer of the Borrower (ia) certifying that to the best of his knowledge no Default or Event of Default has occurred and is continuing or, if a Default or Event of Default has occurred and is continuing, or if a Default or Event or Default has occurred and is continuing, a statement as a to the nature thereof and the action which is proposed to be taken with respect thereto, ; and (iib) with computations demonstrating compliance with the covenants covenant contained in Article X, as of the end of that fiscal period.Section 5.10;

Appears in 2 contracts

Samples: Credit Agreement (Alliance Semiconductor Corp /De/), Credit Agreement (Alliance Semiconductor Corp /De/)

Certificate of No Default. Within forty-five (45) days after the end of each quarter of each Fiscal Year of Borrower, a certificate of the chief financial officer of Borrower (i) certifying i)-certifying that no Default or Event of Default has occurred and is continuing or, if a Default or Event of Default has occurred and is continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto, and (ii) with computations demonstrating compliance with the covenants contained in Article X, as of the end of that fiscal period.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Hampshire Group LTD)

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Certificate of No Default. Within forty-five fifty (4550) days after the end of each quarter Fiscal Quarter of each Fiscal Year of the Borrower, a certificate of the chief financial officer Chief Financial Officer of the Borrower (ia) certifying that no Default or Event of Default has occurred and is continuing or, if a Default or Event of Default has occurred and is continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto, and (iib) with computations demonstrating compliance with the covenants contained in Article X, as of the end of that fiscal periodIX.

Appears in 1 contract

Samples: Credit Agreement (Navigators Group Inc)

Certificate of No Default. Within forty-five thirty (4530) days after the end of each quarter fiscal year of each Fiscal Year of the Borrower, a certificate of the chief financial officer of the Borrower (ia) certifying that to the best of his knowledge no Default or Event of Default has occurred and is continuing orcontinuing, or if a Default or Event of Default has occurred and is continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto, and (iib) with computations demonstrating compliance with the covenants Financial Covenants contained in Article X, as Section 6(c) of the end of that fiscal period.this Agreement;

Appears in 1 contract

Samples: Revolving Loan Agreement (Oriole Homes Corp)

Certificate of No Default. Within forty-five twenty (4520) days after the end of each quarter of the quarters of each Fiscal Year fiscal year of Borrower, Borrower a certificate of the chief financial officer of Borrower (ia) certifying that to the best of his knowledge no Initial Default or Event of Matured Default has occurred and is continuing orcontinuing, or if a an Initial Default or Event of Matured Default has occurred and is continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto, and (iib) with computations demonstrating compliance with the covenants contained in Article X, as of the end of that fiscal periodSection 8.;

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Xeta Technologies Inc)

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