Examples of Pro Forma Compliance Certificate in a sentence
Further, all Dispositions of Borrowing Base Properties hereunder remain subject to the terms and conditions set forth in Section 8.05 (including, without limitation, the timely delivery by the Borrower of a Pro Forma Compliance Certificate giving Pro Forma Effect to such Disposition).
The Lenders shall have received and be satisfied with in their reasonable discretion: (i) the Pro Forma Compliance Certificate and (ii) the audited consolidated financial statements described in Section 6.1(a).
The Pro Forma Compliance Certificate shall show a Senior Secured Leverage Ratio of not more than 4.00 to 1.00.
Second, the distance considered in the experiment (1000 km), clearly above the 400 km threshold in the empirical values reported, can reinforce the lengthy perception of time on slower mode and hence their VTTS.
At least four (4) Business Days prior to the Effective Date the Borrower shall have delivered a Pro Forma Compliance Certificate to the Administrative Agent demonstrating that after giving effect to the PHC Transaction on a Pro Forma Basis the Consolidated Leverage Ratio recomputed as of the end of the period of four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 7.01(a) and (b) of the Credit Agreement would not exceed 5.85:1.0.