Comptroller Certificate Clause Samples
A Comptroller Certificate clause requires a company's comptroller or chief financial officer to formally certify certain financial information or compliance with specific obligations under an agreement. Typically, this involves the comptroller preparing and signing a document that confirms the accuracy of financial statements, compliance with covenants, or the fulfillment of other contractual requirements. By mandating such certification, the clause provides assurance to the other party that the company's financial representations are accurate and reliable, thereby reducing the risk of misrepresentation or non-compliance.
Comptroller Certificate. This contract shall not be binding or of any force unless and until the Comptroller of the City endorses hereon his certificate that there remains unexpended and unapplied, as provided in Section 93C-3.0 of the Administrative Code of the City of New York, a balance of the appropriation of funds applicable thereto sufficient to pay the estimated expense of executing this contract as certified by the officer making the same. This contract shall continue in force only after annual appropriation of funds by the City of New York and Certification as herein above set forth.