Common use of Compliance Statements Clause in Contracts

Compliance Statements. A certificate of a Senior Financial Officer of Terra Capital, certifying (A) as to whether the Partnership holds any Permitted Asset which is a financial asset that is in default, (B) the aggregate principal amount of all Demand Loans outstanding on the last day of such Fiscal Quarter, after giving pro forma effect to the Demand Loans and the repayments of Demand Loans made within the 30-day period following the end of such Fiscal Quarter, and (C) that no Terminating Event, Notice Event (other than the Notice Event referred to in clause (a) of the definition thereof set forth in the Appendix attached hereto) or Incipient Event has occurred and is continuing or, if any such Terminating Event, Notice Event or Incipient Event has occurred and is continuing, the actions that the Partnership or any other appropriate Person has taken or proposes to take with respect thereto;