Security Holder’s Certificate Sample Clauses

The Security Holder’s Certificate clause requires the security holder to provide a formal certificate or statement verifying certain facts or conditions related to their security interest. Typically, this certificate may confirm the amount of debt outstanding, the status of obligations, or the existence of any defaults under the agreement. By mandating such certification, the clause ensures transparency and provides the other party with reliable information, thereby reducing the risk of disputes and facilitating the administration of the security arrangement.