Common use of No Default Certificates Clause in Contracts

No Default Certificates. Together with each report required by Subsection (a) and (b), shall submit a certificate of its president or chief financial officer that no Default or Event of Default then exists or if a Default or Event of Default exists, the nature and duration thereof and the Borrower's intention with respect thereto, and in addition, shall cause the Borrower's independent auditors (if applicable) to submit to the Lender, together with its audit report, a statement that, in the course of such audit, it discovered no circumstances which it believes would result in a Default or Event of Default or if it discovered any such circumstances, the nature and duration thereof. (d)

Appears in 3 contracts

Samples: Share Purchase Agreement (Vector Aeromotive Corp), Share Purchase Agreement (Welty W R), Share Purchase Agreement (American Dream International LTD)

AutoNDA by SimpleDocs

No Default Certificates. Together with each report required by Subsection (a) and (b), shall submit a certificate of its Borrower's president or chief financial officer that no Default or Event of Default then exists or if a Default or Event of Default exists, the nature and duration thereof and the Borrower's its intention with respect thereto, and in addition, shall cause the Borrower's its independent auditors (if applicable) to submit to the Lender, together with its audit report, a statement that, in the course of such audit, it discovered no circumstances which it believes would result in a Default or Event of Default or if it discovered any such circumstances, the nature and duration thereof. (d);

Appears in 1 contract

Samples: Loan and Security Agreement (Cpac Inc)

No Default Certificates. Together with each report required by Subsection (ab) and (b)c) above, shall submit a certificate of its president or chief financial officer that no Default or Event of Default then exists or if a Default or Event of Default exists, the nature and duration thereof and the Borrower's intention with respect thereto, thereto and in addition, addition shall cause the Borrower's independent auditors (if applicable) to submit to the LenderBank, together with its audit report, a statement that, in the course of such audit, it the independent auditors discovered no circumstances which it believes would result in a Default or Event of Default or if it discovered any such circumstances, specifying the nature and duration thereof. (d)Borrower shall also demonstrate its compliance with respect to the financial covenants referenced in Exhibit 5.26 of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Boca Research Inc)

No Default Certificates. Together with each report required by Subsection (a) and (b), shall submit a certificate of its president or chief financial officer that no Default or Event of Default then exists or if a Default or Event of Default exists, the nature and duration thereof and the Borrower's intention with respect thereto, and in addition, shall cause the Borrower's independent auditors (if applicable) to submit to the Lender, together with its audit report, a statement that, in the course of such audit, it discovered no circumstances which it believes would result in a Default or Event of Default or if it discovered any such circumstancescircum- stances, the nature and duration thereof. (d).

Appears in 1 contract

Samples: Loan and Security Agreement (Vector Aeromotive Corp)

AutoNDA by SimpleDocs

No Default Certificates. Together with each report required by Subsection (a) and (b), shall submit a certificate of its Borrower’s president or chief financial officer that no Default or Event of Default then exists or if a Default or Event of Default exists, the nature and duration thereof and the Borrower's its intention with respect thereto, and in addition, shall cause the Borrower's its independent auditors (if applicable) to submit to the Lender, together with its audit report, a statement that, in the course of such audit, it discovered no circumstances which it believes would result in a Default or Event of Default or if it discovered any such circumstances, the nature and duration thereof. (d);

Appears in 1 contract

Samples: Loan and Security Agreement (Mega Group Inc)

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