Default Certificate definition
Examples of Default Certificate in a sentence
Exhibit "V" to the Agreement (No Default Certificate) is amended to conform in its entirety to Annex "A" to this Amendment.
Without waiving or releasing any obligation or Construction Agency Event of Default, Certificate Trustee may (but shall be under no obligation to) remedy any Construction Agency Construction Agency Agreement Event of Default for the account of and at the sole cost and expense of Construction Agent.
Exhibit "I" to the Agreement (No Default Certificate) is amended to conform in its entirety to Annex "A" to this Amendment.
Accordingly, the Custodian may not act on requests from a Transferee to withdraw or otherwise dispose of Mortgage Loans unless the Transferee delivers to the Custodian an executed Notice of Default Certificate in the form of Exhibit E hereto.
In the event an Authorized -------------------------- Officer of Certificate Trustee shall have actual knowledge of a Lease Event of Default or a Loan Event of Default, Certificate Trustee shall give prompt written notice of such event to the Certificate Purchasers, Lessee and Administrative Agent by facsimile and confirmed by overnight courier.
The Trustee will be entitled to rely without liability on any No Event of Default Certificate and shall not be obliged to monitor compliance by the Issuer with the covenants set forth in this Condition 5 and shall not be required to review any financial statements or certificates provided pursuant to Condition 5.2 or to monitor the timing of their delivery and need not enquire further as regards the circumstances existing on the date of such No Event of Default Certificate.
The Custodian shall be entitled to presume conclusively that the Notice of Default Certificate is properly executed and that when delivered to the Custodian an Event of Default exists under Buyer's agreement with its Transferee.
Concurrently with the delivery of each of the financial statements referred to in Sections 7.1(a) and 7.1(b), a No Default Certificate as of the date of such financial statements executed by an officer of Borrower acceptable to Lender containing detailed calculations of the covenants contained in Article IX.
Together with the financial statements delivered pursuant to Section 7.1(a) and (b), a No Default Certificate as of the last day of the fiscal quarter or year covered by such financial statements, in each case executed by an officer of Parent acceptable to Lender and containing detailed calculations of the covenants contained in Article IX.
Effective as of the date hereof, Exhibit "M" to the Agreement (No Default Certificate) is amended to conform in its entirety to Annex "A" to this Amendment.