Common use of Covenant Compliance Certificate Clause in Contracts

Covenant Compliance Certificate. Borrowers shall, within one hundred twenty (120) days after the end of each fiscal year, and within thirty (30) days after the end of each fiscal quarter ending in March, June and September of each year, deliver to Lender a duly completed compliance certificate, dated the date of such financial statements and certified as true and correct by an appropriate officer of Borrowers, containing a computation of each of the financial covenants set forth in Section 10 and stating that no Borrower has become aware of any Event of Default or Unmatured Event of Default that has occurred and is continuing or, if there is any such Event of Default or Unmatured Event of Default describing it and the steps, if any, being taken to cure it.

Appears in 2 contracts

Samples: Loan and Security Agreement (BG Staffing, Inc.), Loan and Security Agreement (LTN Staffing, LLC)

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Covenant Compliance Certificate. Borrowers Each Borrower shall, within one hundred twenty forty-five (12045) calendar days after the end of each fiscal year, and within thirty (30) days after the end of each fiscal quarter ending in March, June and September of each yearquarter, deliver to Lender the Bank a duly completed compliance certificatecertificate (a “Compliance Certificate”), dated the date of such the financial statements for the end of such fiscal quarter and certified as true and correct by an appropriate officer of Borrowersthe Borrower, containing a computation of each of the financial covenants set forth in Section 10 9.7(b) above and stating that no the Borrower has not become aware of any Event of Default or Unmatured unmatured Event of Default that has occurred and is continuing or, if there is any such Event of Default or Unmatured unmatured Event of Default describing it and the steps, if any, being taken to cure it.

Appears in 1 contract

Samples: Loan and Security Agreement (Global Axcess Corp)

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Covenant Compliance Certificate. Borrowers Borrower shall, within one hundred twenty forty-five (12045) days after the end of each fiscal year, and within thirty (30) days after following the end of each fiscal quarter ending in March, June and September contemporaneously with the furnishing of each yearthe financial statements pursuant to Section 8.8, deliver to Lender a duly completed compliance certificate, dated the date of such financial statements and certified as true and correct by an appropriate officer of BorrowersBorrower, containing a computation of each of the financial covenants set forth in Section 10 and stating that no Borrower has not become aware of any Event of Default or Unmatured Event of Default that has occurred and is continuing or, if there is any such Event of Default or Unmatured Event of Default describing it and the steps, if any, being taken to cure it.

Appears in 1 contract

Samples: Loan and Security Agreement (Ari Network Services Inc /Wi)

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