Net Worth Certification definition

Net Worth Certification for any period shall mean a certificate of the chief financial officer or chief accounting officer of Finance, in substantially the form of Exhibit B hereto, setting forth in detail the Net Worth for such period and the calculations upon which it has been determined and containing a notice of issuance of NW Preferred Stock.
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Net Worth Certification means a statement certified a certified public accountant from a nationally or regionally recognized accounting firm handling the business and personal affairs of the Developer and Guarantors (i) that the then collective net worth of the Developer and Guarantors is not less than Twelve Million Five Hundred Thousand and 00/100 Dollars ($12,500,000.00) determined in accordance with generally accepted accounting principles, consistently applied, (ii) including a summary balance sheet showing liquid assets (cash and marketable securities) of not less than $TBD and (iii) certified by the Developer and Guarantors as true, accurate and complete in all material respects.
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Net Worth Certification. As defined in Article V, Section (d)(y).
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Examples of Net Worth Certification in a sentence

  • What are the specific, quantifiable costs and benefits associated with completing or reviewing the proposed forms (Personal Net Worth, Certification Application, Uniform Report on Awards/Commitments; DBE Payment Data) from the perspective of a certifying entity, an applicant firm, or a recipient (where applicable); Federal Register / Vol.

  • At least thirty (30) days prior to the delivery of the Guaranty, the Guarantor shall deliver to the City Attorney current Net Worth Certification, upon which the DDA can rely.

  • In the case of multiple awards under a single solicitation, this limit shall apply to each firm.

  • Within 20 calendar days of the end of each fiscal quarter of Seller, Seller's Chief Executive Officer shall certify to the Chief Financial Officer of Buyer, in writing, that Seller's net worth (determined in accordance with GAAP consistently applied) after such distribution is equal to or greater than $20,000,000 (or $10,000,000 if applicable) ("Net Worth Certification").

Related to Net Worth Certification

  • Back-Up Certification As defined in Section 3.18(k).

  • Income Certification means a Tenant Income Certification and a Tenant Income Certification Questionnaire in the form attached as Exhibit B hereto or in such other comparable form as may be provided by the Issuer to the Owner, or as otherwise approved by the Issuer.

  • Final Certification As defined in Section 2.02(a) hereof.

  • Form 10-K Certification As defined in Section 4.03(e).

  • Interim Certification As defined in Section 2.02.

  • Compliance certification means a submission to the department or the U.S. EPA, as appropriate, that is required under section 8 of this rule to report a NOx budget source’s or a NOx budget unit’s compliance or noncompliance with this rule and that is signed by the NOx authorized account representative in accordance with section 6 of this rule.

  • Initial Certification As defined in Section 2.02(a) hereof.

  • NRSRO Certification A certification executed by a NRSRO in favor of the Issuer and the Information Agent that states that such NRSRO has provided the Issuer with the appropriate certifications under Exchange Act Rule 17g-5(a)(3)(iii)(B) and that such NRSRO has access to the 17g-5 Website.

  • Citizenship Certification means a properly completed certificate in such form as may be specified by the General Partner by which an Assignee or a Limited Partner certifies that he (and if he is a nominee holding for the account of another Person, that to the best of his knowledge such other Person) is an Eligible Citizen.

  • Certification Parties As defined in Section 11.09.

  • Affidavit of Small Business Enterprise Certification means the fully completed, signed, and notarized affidavit that must be submitted with an application for SBE certification. Representations and certifications made by the applicant in this Affidavit are made under penalty of perjury and will be used and relied upon by City to verify SBE eligibility and compliance with SBE certification and documentation requirements.

  • Actuarial certification means a written statement by a member of the American Academy of

  • Investor Certification A certificate representing that such Person executing the certificate is a Certificateholder, a Certificate Owner or a prospective purchaser of a Certificate (or any investment advisor or manager of the foregoing), the Controlling Class Representative (to the extent the Controlling Class Representative is not a Certificateholder or a Certificate Owner), a Risk Retention Consultation Party (to the extent such Risk Retention Consultation Party is not a Certificateholder or Certificate Owner) or a Serviced Companion Loan Holder or its Companion Loan Holder Representative, and that (i) for purposes of obtaining certain information and notices (including access to information and notices on the Certificate Administrator’s Website) pursuant to this Agreement, (A) (1) in the case of a Person that is neither the Controlling Class Representative nor a Controlling Class Certificateholder, such Person is or is not a Borrower Party and such Person is or is not a Risk Retention Consultation Party or (2) in the case of the Controlling Class Representative or a Controlling Class Certificateholder, such Person is or is not a Borrower Party as to any identified Excluded Controlling Class Mortgage Loan, and (B) except in the case of a Serviced Companion Loan Holder or its Companion Loan Holder Representative, such Person has received a copy of the Prospectus, which certificate shall be substantially in the form of Exhibit X-0X, Xxxxxxx X-0X, Xxxxxxx X-0X, Exhibit M-1D or Exhibit M-1E to this Agreement or in the form of an electronic certification contained on the Certificate Administrator’s Website, and/or (ii) for purposes of exercising Voting Rights (which does not apply to a prospective purchaser of a Certificate, a Serviced Companion Loan Holder or its Companion Loan Holder Representative), (A) (1) such Person is not a Borrower Party or (2) in the case of the Controlling Class Representative or any Controlling Class Certificateholder, such Person is a Borrower Party as to any identified Excluded Controlling Class Mortgage Loan, (B) such Person is or is not the Depositor, the Master Servicer, the Special Servicer, an Excluded Mortgage Loan Special Servicer, the Trustee, the Certificate Administrator, the Operating Advisor, the Asset Representations Reviewer, a Mortgage Loan Seller or an Affiliate of any of the foregoing and (C) such Person has received a copy of the Prospectus, which certificate shall be substantially in the form of Exhibit M-2A or Exhibit M-2B to this Agreement or in the form of an electronic certification (which may be a click-through confirmation) contained on the Certificate Administrator’s Website or the Master Servicer’s website. The Certificate Administrator may require that Investor Certifications are resubmitted from time to time in accordance with its policies and procedures. For the avoidance of doubt if a Borrower Party is the Controlling Class Representative or a Controlling Class Certificateholder, such Person (A) shall be prohibited from having access to the Excluded Information solely with respect to the related Excluded Controlling Class Mortgage Loan and (B) shall not be permitted to exercise voting or control, consultation and/or special servicer appointment rights as a member of the Controlling Class solely with respect to the related Excluded Controlling Class Mortgage Loan.

  • Non-Participating Certified Nurse-Midwife means a Certified Nurse-Midwife who does not have a written agreement with Blue Cross and Blue Shield of Illinois or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Sxxxxxxx-Xxxxx Certification As defined in Section 11.09.

  • Servicer Certification As defined in Section 3.22(b) hereof.

  • Sarbanes-Oxley Certification As defined in Section 11.05.

  • Rule 144A Certificate means (i) a certificate substantially in the form of Exhibit F hereto or (ii) a written certification addressed to the Company and the Trustee to the effect that the Person making such certification (x) is acquiring such Note (or beneficial interest) for its own account or one or more accounts with respect to which it exercises sole investment discretion and that it and each such account is a qualified institutional buyer within the meaning of Rule 144A, (y) is aware that the transfer to it or exchange, as applicable, is being made in reliance upon the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A, and (z) acknowledges that it has received such information regarding the Company as it has requested pursuant to Rule 144A(d)(4) or has determined not to request such information.

  • Written certification means a statement signed by a treating physician or referral physician that

  • Performance Certification As defined in Section 11.05.

  • Delay Delivery Certification As defined in Section 2.02(a) hereof.

  • Certifying Certificateholder As defined in Section 5.07(a) of this Agreement.

  • Participating Certified Nurse-Midwife means a Certified Nurse-Midwife who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Beneficial Ownership Certification means a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation.

  • Xxxxxxxx-Xxxxx Certification As defined in Section 11.05.

  • Tax Compliance Certificate as defined in Section 5.9.2(b)(iii).