Common use of Single Purpose Entity Status Clause in Contracts

Single Purpose Entity Status. Concurrently with the annual financial statements required to be furnished pursuant to Section 8.3.3 [Indebtedness] in respect of each fiscal year, a written report substantially in the format of Exhibit 8.3.11 hereto, signed by the Secretary and a Senior Financial Officer of the Borrower, discussing the actions taken by the Borrower and its Subsidiaries during such fiscal year in order to assure compliance with Section 8.