Examples of Closing Compliance Certificate in a sentence
The Lenders shall have received from the Administrative Agent the Closing Compliance Certificate or other evidence reflecting the Borrower’s compliance with the Financial Covenants and the terms and conditions hereof after giving effect to this Agreement and the other Loan Documents.
The Borrower shall be in compliance, on a pro forma basis after giving effect to such Credit Extension, with the Financial Covenants, as satisfied by the Closing Compliance Certificate, or once delivered, the most recent Compliance Certificate delivered by the Borrower.
Some exceptions may exist; but shall the Court had the chance to change its general trend, subsequent case-law showed that it refused so.
The Borrower shall have provided to the Administrative Agent a Closing Compliance Certificate (the “Closing Compliance Certificate”) set forth as Exhibit F hereto or in such other form reasonably acceptable to the Administrative Agent.
The initial LIBOR Margin, Base Rate Margin, and Commitment Fee Factor shall be determined on the basis of the Closing Compliance Certificate which shall be delivered by Borrower at least three (3) Banking Days prior to the initial 3-Year Advance, and any failure to deliver such required Closing Compliance Certificate by Borrower shall result in the application of Pricing Tier I below.
Schedule 5.17 to the Closing Compliance Certificate separately identifies each Concentration Account, Consolidated Store Deposit Account, Individual Store Account and the Home Office Account.
Upon the increase of the Revolver Commitment pursuant to this Section 2.2, Schedule C-1 to the Closing Compliance Certificate shall be deemed amended and replaced with a new Schedule C-1 reflecting the new Revolver Commitments hereunder.
But the Utah Court of Appeals considered and rejected this same argument in Thorpe v.
The initial LIBOR Margin, Base Rate Margin, and Commitment Fee shall be determined on the basis of the Closing Compliance Certificate which shall be delivered by Borrower at least three (3) Banking Days prior to the initial 3-Year Advance, and any failure to deliver such required Closing Compliance Certificate by Borrower shall result in the application of Pricing Tier I below.
This Partial Action Plan is considered substantial as it creates a new program and reallocates funds exceeding $1,000,000, per the allowable activities described in the Master Action Plan.