{"component": "clause", "props": {"groups": [{"samples": [{"hash": "dxPhU6c4Uwf", "uri": "/contracts/dxPhU6c4Uwf#certification-of-no-default", "label": "Loan Agreement (Double Eagle Petroleum Co)", "score": 21.0, "published": true}, {"hash": "gquj6Uhx3FH", "uri": "/contracts/gquj6Uhx3FH#certification-of-no-default", "label": "Commercial Loan Agreement (CommunitySouth Bancshares Inc)", "score": 19.0, "published": true}, {"hash": "fgjmlAVdi69", "uri": "/contracts/fgjmlAVdi69#certification-of-no-default", "label": "Commercial Loan Agreement (Epiq Systems Inc)", "score": 19.0, "published": true}], "size": 16, "snippet": "On your request, my chief financial officer or my independent accountant will provide you with a written certification that to the best of their knowledge no event of default exists under the terms of this Agreement or the other Loan documents, and that there exists no other action, condition or event which with the giving of notice or lapse of time or both would constitute a default. As requested, my chief financial officer or my independent accountant will also provide you with computations demonstrating compliance with any financial covenants and ratios contained in this Agreement. If an action, condition or event of default does exist, the certificate must accurately and fully disclose the extent and nature of this action, condition or event and state what must be done to correct it.", "snippet_links": [{"key": "chief-financial-officer", "type": "definition", "offset": [20, 43]}, {"key": "independent-accountant", "type": "clause", "offset": [50, 72]}, {"key": "will-provide", "type": "clause", "offset": [73, 85]}, {"key": "written-certification", "type": "clause", "offset": [97, 118]}, {"key": "best-of-their-knowledge", "type": "definition", "offset": [131, 154]}, {"key": "no-event-of-default-exists", "type": "clause", "offset": [155, 181]}, {"key": "agreement-or", "type": "definition", "offset": [206, 218]}, {"key": "other-loan-documents", "type": "definition", "offset": [223, 243]}, {"key": "no-other-action", "type": "clause", "offset": [267, 282]}, {"key": "giving-of-notice", "type": "clause", "offset": [318, 334]}, {"key": "lapse-of-time", "type": "clause", 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(Roberts Realty Investors Inc)", "score": 21.0, "published": true}, {"hash": "cGsf2nUM0gb", "uri": "/contracts/cGsf2nUM0gb#certification-of-no-default", "label": "First Consolidated Amendatory Agreement (Roberts Realty Investors Inc)", "score": 19.0, "published": true}], "size": 4, "snippet": "Borrower hereby certifies that, as of the date hereof, Borrower is not in default under the terms of the Note, the Security Deed or any of the Loan Documents.", "snippet_links": [{"key": "borrower-hereby", "type": "definition", "offset": [0, 15]}, {"key": "date-hereof", "type": "clause", "offset": [42, 53]}, {"key": "default-under", "type": "clause", "offset": [74, 87]}, {"key": "terms-of-the-note", "type": "clause", "offset": [92, 109]}, {"key": "security-deed", "type": "definition", "offset": [115, 128]}, {"key": "the-loan-documents", "type": "clause", "offset": [139, 157]}], "hash": "0d7008a1a1a547099b41c72852f9a23c", "id": 2}, {"samples": [{"hash": "k8rM0od48Ec", "uri": "/contracts/k8rM0od48Ec#certification-of-no-default", "label": "Issuer Facility Agreement (Hertz Corp)", "score": 34.7330595483, "published": true}, {"hash": "lr7RIepEQmd", "uri": "/contracts/lr7RIepEQmd#certification-of-no-default", "label": "Issuer Facility Agreement (Hertz Corp)", "score": 34.7221081451, "published": true}, {"hash": "98hvX9yFUUW", "uri": "/contracts/98hvX9yFUUW#certification-of-no-default", "label": "Issuer Facility Agreement (Hertz Corp)", "score": 33.9719370294, "published": true}], "size": 4, "snippet": "With respect to the Issuer and Issuer Administrator, furnish to the Administrative Agent, to each Funding Agent and the Issuer Security Trustee on each Payment Date and upon a reasonable request by the Administrative Agent or the Issuer Security Trustee:\n(i) an Officer's Certificate certifying that no Potential Amortization Event, Amortization Event or Liquidation Event is continuing (or if a Potential Amortization Event, Amortization Event or Liquidation Event is occurring, specifying the Potential Amortization Event, Amortization Event or Liquidation Event, the period of existence thereof and the action being taken in consultation with the Issuer Security Trustee to remedy the same);\n(ii) simultaneously with the delivery of the Officer's Certificate referred to in (i) above, an Officer's Certificate of each FleetCo and FleetCo Administrator certifying that no Potential Leasing Company Amortization Event, Leasing Company Amortization Event or Liquidation Event is continuing (or if a Potential Leasing Company Amortization Event, Leasing Company Amortization Event or Liquidation Event is occurring, specifying the Potential Leasing Company Amortization Event, Leasing Company Amortization Event or Liquidation Event, the period of existence thereof and the action being taken in consultation with the Issuer Security Trustee or FleetCo Security Trustee (as applicable) to remedy the same);\n(iii) simultaneously with the delivery of the Officer's Certificates referred to in (i) and (ii) above, an Officer's Certificate of each OpCo certifying that no Potential Lease Event of Default or Lease Event of Default is continuing (or if a Potential Lease Event of Default or Lease Event of Default is occurring, specifying the no Potential Lease Event of Default or Lease Event of Default, the period of existence thereof and the action being taken in consultation with the Issuer Security Trustee or FleetCo Security Trustee (as applicable) to remedy the same). In the case of the Issuer and Issuer Administrator, once a notification of a Potential Amortization Event, Amortization Event or Liquidation Event is made, the Issuer and Issuer Administrator shall consult in good faith with the Issuer Security Trustee as to the action that the Issuer or Issuer Administrator must take to remedy such default, circumstance or condition which is capable of giving rise to such potential default or default.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "issuer-administrator", "type": "definition", "offset": [31, 51]}, {"key": "furnish-to", "type": "clause", "offset": [53, 63]}, {"key": "the-administrative-agent", "type": "clause", "offset": [64, 88]}, {"key": "funding-agent", "type": "definition", "offset": [98, 111]}, {"key": "the-issuer-security-trustee", "type": "clause", "offset": [116, 143]}, {"key": "payment-date", "type": "clause", "offset": [152, 164]}, {"key": "reasonable-request", "type": "definition", "offset": [176, 194]}, {"key": "an-officer", "type": "clause", "offset": [259, 269]}, {"key": "potential-amortization-event", "type": "definition", "offset": [303, 331]}, {"key": "liquidation-event", "type": "definition", "offset": [355, 372]}, {"key": "period-of-existence", "type": "clause", "offset": [570, 589]}, {"key": "the-action", "type": "clause", "offset": [602, 612]}, {"key": "consultation-with-the-issuer", "type": "clause", "offset": [628, 656]}, {"key": "the-officer", "type": "definition", "offset": [736, 747]}, {"key": "certificate-of", "type": "clause", "offset": [801, 815]}, {"key": "fleetco-administrator", "type": "definition", "offset": [833, 854]}, {"key": "potential-leasing-company-amortization-event", "type": "definition", "offset": [874, 918]}, {"key": "fleetco-security-trustee", "type": "definition", "offset": [1344, 1368]}, {"key": "potential-lease-event-of-default", "type": "definition", "offset": [1567, 1599]}, {"key": "in-the-case", "type": "clause", "offset": [1973, 1984]}, {"key": "notification-of", "type": "definition", "offset": [2032, 2047]}, {"key": "in-good-faith", "type": "definition", "offset": [2179, 2192]}, {"key": "capable-of", "type": "definition", "offset": [2352, 2362]}, {"key": "potential-default", "type": "definition", "offset": [2383, 2400]}], "hash": "a859ae0835bff049b49bea00c04f4dc0", "id": 3}, {"samples": [{"hash": "5GvdFJIfsr3", "uri": "/contracts/5GvdFJIfsr3#certification-of-no-default", "label": "Loan Agreement (Seamed Corp)", "score": 16.0, "published": true}], "size": 3, "snippet": "To furnish Bank a written certification upon Bank's request or in event of no request at least quarterly, that there exists no Event of Default under the terms of this Agreement or under the Related Documents, and that there exists no other action, condition or event which with the giving of notice or lapse of time or both would constitute an Event of Default. If such a condition does exist, the certificate must accurately and fully disclose the extent and nature of such condition and state what action is being taken to correct it.", "snippet_links": [{"key": "bank-a", "type": "definition", "offset": [11, 17]}, {"key": "written-certification", "type": "clause", "offset": [18, 39]}, {"key": "upon-bank", "type": "clause", "offset": [40, 49]}, {"key": "event-of-default-under", "type": "definition", "offset": [127, 149]}, {"key": "agreement-or", "type": "definition", "offset": [168, 180]}, {"key": "related-documents", "type": "definition", "offset": [191, 208]}, {"key": "no-other-action", "type": "clause", "offset": [232, 247]}, {"key": "giving-of-notice", "type": "clause", "offset": [283, 299]}, {"key": "lapse-of-time", "type": "clause", "offset": [303, 316]}, {"key": "an-event-of-default", "type": "clause", "offset": [342, 361]}, {"key": "the-certificate", "type": "clause", "offset": [395, 410]}, {"key": "nature-of", "type": "clause", "offset": [461, 470]}], "hash": "533b8b4fa8ddfda9caf65b48c8e5f467", "id": 4}, {"samples": [{"hash": "aKiBSdtK1CK", "uri": "/contracts/aKiBSdtK1CK#certification-of-no-default", "label": "Indenture (Fulcrum Direct Inc)", "score": 18.0, "published": true}], "size": 2, "snippet": "On or before December 1 of each year in which the Bond is outstanding, beginning December 1, 1997, the Company and the Purchaser will deliver a certificate to the Issuer stating that they are aware of no Default or Event of Default or, if they are so aware, describing the circumstances of such Default or Event of Default.", "snippet_links": [{"key": "before-december", "type": "clause", "offset": [6, 21]}, {"key": "each-year", "type": "definition", "offset": [27, 36]}, {"key": "the-bond", "type": "clause", "offset": [46, 54]}, {"key": "beginning-december", "type": "clause", "offset": [71, 89]}, {"key": "the-purchaser-will", "type": "clause", "offset": [115, 133]}, {"key": "the-issuer", "type": "clause", "offset": [159, 169]}, {"key": "no-default-or-event-of-default", "type": "clause", "offset": [201, 231]}], "hash": "ce4c098f7671bb9c5abd55fd29f5a9fe", "id": 9}, {"samples": [{"hash": "fCN7XInvmjR", "uri": "/contracts/fCN7XInvmjR#certification-of-no-default", "label": "Commercial Loan Agreement (Rf Monolithics Inc /De/)", "score": 21.0, "published": true}], "size": 2, "snippet": "On \u2587\u2587\u2587\u2587\u2587\u2587\u2019s request, \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2019s chief financial officer or \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2019s independent accountant will provide Lender with a written certification that, to the best of their knowledge, no event of default exists under the terms of this Agreement or the other Loan Documents, and that there exists no other action, condition or event which, with the giving of notice or lapse of time or both, would constitute a default. As requested, \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2019s chief financial officer or \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2019s independent accountant will also provide Lender with computations demonstrating compliance with any financial covenants and ratios contained in this Agreement. If an action, condition or event of default does exist, the certificate must accurately and fully disclose the extent and nature of this action, condition or event and state what must be done to correct it. Lender acknowledges the disclosures regarding certain outstanding defaults described on attached Schedule 1.", "snippet_links": [{"key": "chief-financial-officer", "type": "definition", "offset": [32, 55]}, {"key": "independent-accountant", "type": "clause", "offset": [70, 92]}, {"key": "will-provide", "type": "clause", "offset": [93, 105]}, {"key": "written-certification", "type": "clause", "offset": [120, 141]}, {"key": "best-of-their-knowledge", "type": "definition", "offset": [155, 178]}, {"key": "no-event-of-default-exists", "type": "clause", "offset": [180, 206]}, {"key": "agreement-or", "type": "definition", "offset": [231, 243]}, {"key": "other-loan-documents", "type": "definition", "offset": [248, 268]}, {"key": "no-other-action", "type": "clause", "offset": [292, 307]}, {"key": "giving-of-notice", "type": "clause", "offset": [344, 360]}, {"key": "lapse-of-time", "type": "clause", "offset": [364, 377]}, {"key": "a-default", "type": "definition", "offset": [404, 413]}, {"key": "as-requested", "type": "clause", "offset": [415, 427]}, {"key": "compliance-with", "type": "definition", "offset": [558, 573]}, {"key": "financial-covenants-and-ratios", "type": "clause", "offset": [578, 608]}, {"key": "in-this-agreement", "type": "clause", "offset": [619, 636]}, {"key": "the-certificate", "type": "clause", "offset": [694, 709]}, {"key": "this-action", "type": "definition", "offset": [770, 781]}, {"key": "outstanding-defaults", "type": "clause", "offset": [899, 919]}, {"key": "schedule-1", "type": "definition", "offset": [942, 952]}], "hash": "988365cfe579925c75b6041dc061ceab", "id": 8}, {"samples": [{"hash": "iEEwi8XiN9t", "uri": "/contracts/iEEwi8XiN9t#certification-of-no-default", "label": "Loan Agreement (E Loan Inc)", "score": 19.0, "published": true}, {"hash": "eZHvqroLbt2", "uri": "/contracts/eZHvqroLbt2#certification-of-no-default", "label": "Loan Agreement (E Loan Inc)", "score": 19.0, "published": true}], "size": 2, "snippet": "Borrower represents and warrants to Lender that, as of the date of this Modification Agreement, no Event of Default exists under the Loan Agreement or the other Loan Documents.", "snippet_links": [{"key": "to-lender", "type": "definition", "offset": [33, 42]}, {"key": "date-of-this", "type": "clause", "offset": [59, 71]}, {"key": "modification-agreement", "type": "clause", "offset": [72, 94]}, {"key": "no-event-of-default-exists", "type": "clause", "offset": [96, 122]}, {"key": "agreement-or", "type": "definition", "offset": [138, 150]}, {"key": "other-loan-documents", "type": "definition", "offset": [155, 175]}], "hash": "a9573115940eba90627a89becdad1304", "id": 5}, {"samples": [{"hash": "3a7y4A2QTZK", "uri": "/contracts/3a7y4A2QTZK#certification-of-no-default", "label": "Line of Credit and Term Loan Agreement (Kleinerts Inc /Pa/)", "score": 16.0, "published": true}, {"hash": "1rtXbGRFQu4", "uri": "/contracts/1rtXbGRFQu4#certification-of-no-default", "label": "Line of Credit and Term Loan Agreement (Kleinerts Inc /Pa/)", "score": 16.0, "published": true}], "size": 2, "snippet": "Borrower hereby represents and warrants to Bank that, as to the date of the execution of the Fifth Amendment, no Event of Default under the Agreement and no event, which with the giving of notice or passage of time, or both, could become such an Event of Default has occurred.", "snippet_links": [{"key": "borrower-hereby", "type": "definition", "offset": [0, 15]}, {"key": "to-bank", "type": "definition", "offset": [40, 47]}, {"key": "date-of", "type": "clause", "offset": [64, 71]}, {"key": "the-execution", "type": "clause", "offset": [72, 85]}, {"key": "fifth-amendment", "type": "clause", "offset": [93, 108]}, {"key": "event-of-default-under", "type": "definition", "offset": [113, 135]}, {"key": "the-agreement", "type": "clause", "offset": [136, 149]}, {"key": "giving-of-notice", "type": "clause", "offset": [179, 195]}, {"key": "passage-of-time", "type": "clause", "offset": [199, 214]}, {"key": "an-event-of-default", "type": "clause", "offset": [243, 262]}], "hash": "176a9208ae0be0421e14cf441a16faa1", "id": 6}, {"samples": [{"hash": "3zJIjzxWSpG", "uri": "/contracts/3zJIjzxWSpG#certification-of-no-default", "label": "Term Loan and Security Agreement (Chrysalis International Corp)", "score": 16.0, "published": true}], "size": 2, "snippet": "Borrower hereby represents and warrants to the Bank that, as of the date of execution of this Amendment, no Event of Default under the Agreement and no event which, with the giving of notice or passage of time or both, could become such an Event of Default has occurred.", "snippet_links": [{"key": "borrower-hereby", "type": "definition", "offset": [0, 15]}, {"key": "to-the-bank", "type": "clause", "offset": [40, 51]}, {"key": "execution-of-this-amendment", "type": "clause", "offset": [76, 103]}, {"key": "event-of-default-under", "type": "definition", "offset": [108, 130]}, {"key": "the-agreement", "type": "clause", "offset": [131, 144]}, {"key": "giving-of-notice", "type": "clause", "offset": [174, 190]}, {"key": "passage-of-time", "type": "clause", "offset": [194, 209]}, {"key": "an-event-of-default", "type": "clause", "offset": [237, 256]}], "hash": "2fb06d9aca3c6671dc37baa8c3094994", "id": 7}, {"samples": [{"hash": "8A2icS8yJeH", "uri": "/contracts/8A2icS8yJeH#certification-of-no-default", "label": "Master Security Agreement (Landec Corp \\Ca\\)", "score": 21.3189596167, "published": true}], "size": 1, "snippet": "Debtor does further certify that as of the date set forth below under Debtor\u2019s signature or, if such date is not completed, the date of this Collateral Schedule as set forth above: (i) There exists no Event of Default under the Loan; and (ii) the representations and warranties made by Debtor pursuant to or under the Loan are true and correct in all material respects.", "snippet_links": [{"key": "certify-that", "type": "clause", "offset": [20, 32]}, {"key": "not-completed", "type": "clause", "offset": 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"MISCELLANEOUS"]], "children": [], "title": "Certification of No Default", "size": 43, "id": "certification-of-no-default", "related": [["confirmation-of-no-default", "Confirmation of no default", "Confirmation of no default"], ["certificate-of-no-default", "Certificate of No Default", "Certificate of No Default"], ["certification-of-non-foreign-status", "Certification of Non-Foreign Status", "Certification of Non-Foreign Status"], ["certification-of-compliance", "Certification of Compliance", "Certification of Compliance"], ["certification-of-funds-budget-and-fiscal-provisions-termination-in-the-event-of-non-appropriation", "Certification of Funds; Budget and Fiscal Provisions; Termination in the Event of Non-Appropriation", "Certification of Funds; Budget and Fiscal Provisions; Termination in the Event of Non-Appropriation"]], "related_snippets": [], "updated": "2025-07-07T12:37:54+00:00", "also_ask": ["What evidence should be required to support a certification of no default?", "How can parties limit liability for inadvertent misstatements in the certification?", "What are the consequences if a default is later discovered after certification?", "How does this clause interact with materiality and knowledge qualifiers in other agreements?", "How have courts treated certifications of no default in recent enforcement actions?"], "drafting_tip": "Specify the representations required, clarify the timing of certification, and define consequences for misrepresentation to ensure clarity, timely compliance, and enforceability.", "explanation": "The Certification of No Default clause requires a party to formally confirm that they are not currently in breach of any obligations under the agreement. Typically, this certification is provided at specific times, such as upon signing the contract, at the closing of a transaction, or periodically during the contract term. By mandating this assurance, the clause helps ensure ongoing compliance and provides the other party with confidence that no undisclosed defaults exist, thereby reducing the risk of hidden issues affecting the agreement."}, "json": true, "cursor": ""}}