Common use of Financial Condition Certificate Clause in Contracts

Financial Condition Certificate. The Borrower shall have delivered to the Administrative Agent a certificate, in form and substance reasonably satisfactory to the Agents, and certified as accurate by the chief executive officer or president of the General Partner on behalf of the Borrower, that (A) the Borrower is Solvent, (B) the Borrower's material payables are current and not past due and (C) the financial data and models previously delivered to the Agents represent the good faith opinion (based upon the assumptions set forth therein) of the Borrower as to the results contained therein.

Appears in 18 contracts

Samples: Credit Agreement (Cooper River Properties LLC), Credit Agreement (Cooper River Properties LLC), Credit Agreement (Broad River Properties L L C)

AutoNDA by SimpleDocs

Financial Condition Certificate. (A) The Borrower shall have delivered to the Administrative Agent a certificate, in form and substance reasonably satisfactory to the AgentsAdministrative Agent, and certified as accurate by the chief executive officer or president of the General Partner on behalf a Responsible Officer of the Borrower, that (A1) the Borrower is Solvent, (B2) the Borrower's material payables are current and not past due except those contested in good faith and (C3) the financial data and models projections previously delivered to the Agents Administrative Agent represent the good faith opinion estimates (based upon the assumptions set forth thereinutilizing reasonable assumptions) of the financial condition and operations of the Borrower as to the results contained therein.

Appears in 3 contracts

Samples: Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp), Loan Agreement (Medcath Corp)

Financial Condition Certificate. (A) The Borrower shall have delivered to the Administrative Agent a certificate, in form and substance reasonably satisfactory to the AgentsAdministrative Agent, and certified as accurate by the chief executive officer or president of the General Partner on behalf a Responsible Officer of the Borrower, that (A1) the Borrower is Solvent, (B2) the Borrower's material payables are current and not past due except those contested in good faith and (C3) the financial data and models projections previously delivered to the Agents Administrative Agent represent the good faith opinion estimates (based upon the assumptions set forth thereinutilizing reasonable assumptions) of the Borrower as to financial condition and operations of the results contained thereinBorrower.

Appears in 1 contract

Samples: Loan Agreement (Medcath Corp)

AutoNDA by SimpleDocs

Financial Condition Certificate. The Borrower shall have delivered to the Administrative Agent a certificate, in form and substance reasonably satisfactory to the AgentsAdministrative Agent, and certified as accurate by the chief executive officer or president of the General Partner on behalf a Responsible Officer of the Borrower, that (A) attached thereto are calculations evidencing compliance with the Borrower is Solvent, covenants contained in Article IX hereof and (B) the Borrower's material payables are current and not past due and (C) the financial data and models projections previously delivered to the Agents Administrative Agent represent the good faith opinion estimates (based upon the assumptions set forth thereinutilizing reasonable assumptions) of the financial condition and operations of the Borrower as to the results contained thereinand its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Ikon Office Solutions Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.