Covenant Certificate definition

Covenant Certificate means a certificate of a Responsible Officer of Borrower Representative in the form of Exhibit 4.2(b)-2 hereto.
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Covenant Certificate means a certificate duly executed by a Financial Officer of the Borrower substantially in the form of Exhibit D, or such other form as shall be approved by the Bondholder Designee.
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Covenant Certificate means, in respect of each Quarter, the written certificate setting out the maintenance or breach of the Financial Covenants;
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Examples of Covenant Certificate in a sentence

  • Upon the recording of the release of the Agent’s Liens on any Mortgaged Properties or portions thereof, such Mortgaged Properties or portions shall no longer be included in the calculation of the Housing Collateral Ratio and Aggregate Collateral Ratio, as the case may be, as reflected in the next Financial Covenant Certificate to be delivered by the Borrower.

  • The Borrower shall be deemed to have represented and warranted to the Agent and the Lenders that as of the effective date of each release of Mortgaged Property or portion thereof, after giving effect to such release and all other releases of Mortgaged Properties or portions thereof since the date of the most recent Financial Covenant Certificate, the Housing Collateral Ratio and Aggregate Collateral Ratio satisfy the requirements of Section 7.01.

  • This Financial Covenant Certificate is being submitted pursuant to the Agreement.

  • Payment shall be due ten (10) days after the date Borrower is required to deliver the Collateral Covenant Certificate to Agent hereunder which shall indicate the required Collateral Covenant Limitation Payment due, or upon notice by Agent of any Collateral Covenant Limitation Payment due based on a month-end determination by Agent.

  • The Borrower shall have delivered to the Administrative Agent a Covenant Certificate dated as of the Closing Date which shall (x) demonstrate compliance with clause (A) as of October 31, 2018 and (y) certify compliance with clause (A)(ii) as of the Closing Date.

  • The Borrower shall have delivered to the Administrative Agent a Covenant Certificate dated as of the Closing Date which shall (x) demonstrate compliance with clause (A) as of July 31, 2018 and (B) certify compliance with clause (A)(ii) as of the Closing Date.

  • The Noteholders waive the default by the Company for delivering a Financial Covenant Certificate that was executed by an officer of the Company other than the chief financial officer as required by Section 7.1(c) of the NPA.

  • Such excess amount, (the “Cash Sweep”) payment shall be due five (5) days after delivery to Agent of the Monthly Cash Balance Certificate, and reported on the next Collateral Covenant Certificate.

  • The Borrower will furnish or cause to be furnished to the Agent promptly after each month end, the information on the balances held in all Union Bank, N.A. deposit accounts including Pledged Deposit Accounts and Exempt Deposit Accounts, and in the RMC CB&T Deposit Account and the RMC ▇▇▇▇▇ Fargo Deposit Account as required under Section 2.11.5, all in detail required under the Collateral Covenant Certificate.