Formula Certificate definition

Formula Certificate means a certificate of a Responsible Officer of the Parent Borrower, certified to the Administrative Agent and presenting, in reasonable detail, the DB1/ 131320059.16 calculation of the Term Loan Formula Threshold and otherwise in form and substance reasonably satisfactory to the Administrative Agent.
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Examples of Formula Certificate in a sentence

  • The Credit Agreement is hereby amended to add a new Exhibit G (Borrowing Formula Certificate) thereto in the form of Exhibit G hereto.

  • COMPRESSOR DYNAMICS, INC., a Delaware corporation By:/s/ ▇▇▇▇ ▇▇▇▇ ------------------------------ ▇▇▇▇ ▇▇▇▇, President EXHIBIT "A" LOAN FORMULA CERTIFICATE AND CERTIFICATE OF NO DEFAULT TO: First Interstate Bank of Texas, N.A. ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇▇ ▇▇▇▇ Gentlemen: This Loan Formula Certificate and Certificate of No Default ("Certificate") for the month ending ____________________, 199___, is executed and delivered by COMPRESSOR DYNAMICS, INC.

  • The Credit Agreement is hereby amended to delete Exhibit G (Borrowing Formula Certificate) therefrom.

  • When requesting each advance of Loan proceeds from the Bank, the Borrower shall deliver to the Bank a Request for Loan Advance a Loan Formula Certificate, and either (i) proof that the intended foreign account buyer has been added to the Export-Import Bank of the United States policy via an endorsement acceptable to the Bank, or (ii) a standby letter of credit, issued in favor of the Bank in the amount of the requested advance, and satisfactory to the Bank in all respects.

  • As of any date of any Formula Certificate, all Real Property that is identified by the Parent Borrower as Eligible Real Property in such Formula Certificate satisfies in all respects the requirements set forth in the definition of “Eligible Real Property”.

  • As of the date of any Formula Certificate, all Intellectual Property that is identified by the Parent Borrower as Eligible Intellectual Property in such Formula Certificate satisfies in all respects the requirements set forth in the definition of “Eligible Intellectual Property”.

  • From and after the Closing Date until the date on which a Formula Certificate has been delivered to the Administrative Agent pursuant to Section 5.02(h) which reflects a calculation of the Term Loan Formula Threshold based upon the Initial Appraisals, the Borrowers shall repay Borrowings with respect to the Term Loan in accordance with clause (i) above.