Financial Certificate. Together with each set of financial statements furnished to FCW pursuant to Section 15(G)(1), and each quarterly statement submitted pursuant to Section 15(G)(2) for a period corresponding to a period for which one or more of the financial covenants set forth in Section 17 hereof are required to be tested, a certificate of an officer or employee of the Company acceptable to FCW setting forth calculations showing compliance with each of the financial covenants that require compliance at the end of the period for which the statements are being furnished.
Financial Certificate. The School District represents that attached hereto as Schedule D is the Certificate of the underwriter, financial advisor or bond purchaser with respect to the Bonds.
Financial Certificate. At the Closing, the Purchaser shall have received a certificate, dated as of the Closing Date, signed on behalf of the Stockholder, setting forth the Estimated Closing Balance Sheet and the Estimated Closing Working Capital Deficit of the Companies as of the third day before the Closing Date.
Financial Certificate. At the Effective Time, the Company shall deliver to Buyer a certificate, signed by an officer of the Company on behalf of the Company, setting forth the amount of the Transactions Fees. Such certificate shall be accurate in all respects.
Financial Certificate. Borrower and Guarantor will deliver to the Lender annually and within one hundred (100) days after the end of each fiscal year, a certificate by their independent certified public accountant and by an officer of the Borrower that to the best of their knowledge no default exists under this Loan Agreement, or under any indenture pursuant to which any other indebtedness of the Borrower is outstanding in excess of $50,000, and that all the terms of this Loan Agreement have been fully performed, or if to the knowledge of either of them, any of the terms of this Loan Agreement have not been fully performed, such certificate shall specify the nature of the default and the steps taken by the Borrower to correct such default.
Financial Certificate. The Borrower shall have delivered to the Administrative Agent, in sufficient quantities for the Lenders, a certificate of a responsible financial or accounting officer of the Borrower, containing calculations, in reasonable detail, as to the computation of the Borrower's ratio of Consolidated Total Adjusted Debt to Consolidated EBITDA for the most recent Testing Period for which financial information has been furnished to the Lenders hereunder.
Financial Certificate. 1.10.1 The expenditure involved for this purpose has received the Sanction of the competent financial authority. 3 Misbehavior with users or department staff zero instances zero instances 5%of billed value of respective vehicle vehicle Driver to be replaced immediately 10%of billed value of respective vehicle; contract terminated 4 Vehicle breakdown midway trip including AC zero instances 1 per month 2.5%of billed value of respective vehicle 5% of the billed value of respective vehicle 10%of billed value of the respective vehicle 5 Driver in an intoxicated zero instances zero instances 5%of billed value of respective vehicle driver to be changed immediately 7.5%of billed value of the respective vehicle; Driver to be replaced immediately The contract may be terminated 10%of billed value for the respective vehicle; contract terminated
Financial Certificate. At least three business days prior to the anticipated Closing Date, the Seller shall deliver to the Buyer (i) a certificate (the "Financial Certificate"), executed by the Seller's chief executive officer and chief financial officer and in form reasonably satisfactory to the Buyer, setting forth (x) the amount of the Companies' consolidated cash as of the Last Month End, determined in accordance with GAAP (the "Final Cash Amount"), (y) a reasonably detailed calculation of the Companies' Net Operating Assets as of the Last Month End (the "Final Net Operating Assets Amount") and (z) a reasonably detailed calculation of the Companies' EBITDA for the twelve months ended on the Last Month End (the "Final EBITDA Amount") and (ii) such back-up as Buyer shall reasonably request to analyze the statements made in the Financial Certificate.
Financial Certificate. No later than September 15, 2005, the Borrower shall deliver to the Administrative Agent a certificate of a Financial Officer, in form and substance satisfactory to the Administrative Agent, evidencing, to the satisfaction of the Administrative Agent, that the Borrower and the Restricted Subsidiaries (a) are in pro forma compliance with the financial covenants set forth in Sections 10.1 through 10.06 calculated as of the end of the period ended August 31, 2005, and (b) will be in pro forma compliance with the financial covenants set forth in Sections 10.01 through 10.06 calculated as of September 30, 2005, after giving effect to the redemption of the PIK Subordinated Notes contemplated by Section 11.10 ARTICLE XI
Financial Certificate. A certificate from the Chief Financial Officer of the Borrower, supported by third party review of the financial statements of GVE reasonably satisfactory to the Administrative Agent, demonstrating as of the Amendment and Restatement Effective Date for the most recent trailing twelve-month period for which quarterly financial statements are available (i) Consolidated Adjusted EBITDA, pro forma for the Acquisition, that is not less than $12.5 million, (ii) a ratio of (A) Consolidated Total Debt to (B) Consolidated Adjusted EBITDA of no more than 3.65:1.00 and (iii) projections showing a Consolidated Fixed Charge Coverage Ratio for the next full fiscal quarter of no less than 1.15:1.00. Such certificate shall be addressed to the Administrative Agent and accompanied by the Current Financial Statements.
