Return Certificate definition

Return Certificate means a certificate from a Responsible Officer of Borrower substantially in the form attached hereto as Exhibit J certifying (A) as to the amounts to be paid and the purpose for which such amounts are to be paid (which shall be in accordance with the APOD then in effect), (B) at the time of such certificate, no Default or Event of Default has occurred and is continuing or would result from giving effect to such return, (C) at the time of such certificate, each of the Mortgage Requirement and the Title Requirement is satisfied, (D) with respect to the well for which the funds are being requested to be distributed from the Margin Balance, either (i) the estimated IRR satisfies the IRR Requirement, along with calculations with detail reasonably satisfactory to the Administrative Agent demonstrating satisfaction of the IRR Requirement or (ii) if agreed by Administrative Agent in its sole discretion, as to the IRR for the applicable well and providing calculations with detail reasonably satisfactory to the Administrative Agent with respect to such IRR, (E) as to the amounts, if any, returned to Borrower in connection with a prior Return Certificate that were in excess of the amounts actually required for the purposes of the expenditures set forth in such Return Certificate (the “Excess Returned Amount”); provided that if the well subject to such prior Return Certificate has not been completed, the Excess Returned Amount shall not include any funds which the Borrower reasonably expects to be used to complete such well, and (F) the Credit Parties will receive a price for all production from (or attributable to) such well covered by a production sales contract or marketing contract that will be computed in accordance with the terms of such contract, and no Credit Party will have deliveries of production from such well curtailed by any purchaser or transporter of production substantially below such property’s delivery capacity, except for curtailments caused (1) by an act or event of force majeure not reasonably within the control of and not caused by the fault or negligence of a Credit Party and which by the exercise of reasonable diligence such Credit Party is unable to prevent or overcome, and (2) by routine maintenance requirements in the ordinary course of business.

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Return Certificate means, with respect to the Aircraft, the return ------------------ certificate for such Aircraft, substantially in the form of Exhibit E-1 to the Lease, signed by the Lessee and Lessor.

Return Certificate means the return certificate in the form of Exhibit D.

Examples of Return Certificate in a sentence

• Following redelivery of the Aircraft by Lessee to Lessor at the Redelivery Location in compliance with the requirements of this Agreement and ▇▇▇▇▇▇’s satisfaction of its other obligations under the Operative Documents, Lessor will deliver to Lessee the Return Certificate.

• In the event of ungrounded refusal of either Party to sign the relevant Return Certificate within three (3) calendar days from the date when the Return Certificate should have been signed, the Return Certificate signed by one of the Parties shall be deemed duly signed (approved) by the both Parties on the date coming in three (3) calendar days from the date when the Return Certificate should have been signed.

• When the Lessor accepts return of the Aircraft and delivers a Return Certificate pursuant to Section 18.05, the Term shall end and Lessee's obligations under this Lease shall cease, except as provided in Section 20.13 hereof.

• Not more than two (2) times per calendar year, unless an Event of Default has occurred and is continuing, Administrative Agent will have the right to undertake audit procedures during normal business hours to periodically confirm that the payments described in any Return Certificate as to be made by Borrower have actually been made by Borrower.

• Through this "Final Return Certificate", PARQUE LOGISTICO CALLAO S.R.L., duly represented by ▇▇.

• Any swaps or collars utilized to comply with this Section 7.15 must have a fixed price paid to the Credit Parties (for swaps) or floor price paid to the Credit Parties (for collars) that would satisfy the internal rate of return set forth in the Return Certificate.

• If the Lessor does not declare a reasoned refusal to sign the Premises Return Certificate within ten (10) business days upon receipt of the Premises Return Certificate by the Lessor, the Premises Return Certificate shall be deemed to be duly signed.

• Exhibit B Form of Return Certificate....................................

• Having nothing further to add, the OPERATOR and LAP sign this "Final Return Certificate" in two (2) identical copies, with equal legal value, each retaining one, on the ___ day of the month of ______ in the year _______.

• At the time the Aircraft is accepted for return by the Lessor, the Lessor and the Lessee shall execute and deliver a Return Certificate in substantially the form attached hereto as Exhibit B, with all blanks completed.

More Definitions of Return Certificate

Return Certificate is defined in Section 13.18.C(iv) hereof.

Return Certificate means a return certificate, substantially in the form of Exhibit B hereto and dated the date the Aircraft is return pursuant to Section 14.

Return Certificate shall have the meaning set forth in Section 4(a) hereof.