Common use of Certificate, Etc Clause in Contracts

Certificate, Etc. Each Bank shall promptly notify the Company, with a copy to the Agent, upon becoming aware that the Company may be required to make any payment pursuant to this SECTION. When requesting payment pursuant to this SECTION, each Bank shall provide to the Company, with a copy to the Agent, a certificate, signed by an officer of such Bank, setting forth the amount required to be paid by the Company to such Bank and the computations made by such Bank to determine such amount. Determinations and allocations by such Bank for purposes of this SECTION shall be conclusive, provided that such determinations and allocations are made on a reasonable basis and are mathematically accurate. Allocations shall not be deemed reasonable unless made ratably, to the extent practical, to all of the affected Bank's or controlling corporation's assets, commitments, activities or other relevant aspects of such Bank's or controlling corporation's business. In the absence of manifest error, such certificate shall be conclusive and binding on the Company as to the amount so required to be paid by the Company to such Bank.

Appears in 2 contracts

Samples: Credit Agreement (Health Care Property Investors Inc), Revolving Credit Agreement (Health Care Property Investors Inc)

AutoNDA by SimpleDocs

Certificate, Etc. Each Bank shall promptly notify the Company, with a copy to the Agent, upon becoming aware that the Company may be required to make any payment pursuant to this SECTIONSection 4.04. When requesting payment pursuant to this SECTIONSection 4.04, each Bank shall provide to the Company, with a copy to the Agent, a certificate, signed by an officer of such Bank, setting forth the amount required to be paid by the Company to such Bank and the computations made by such Bank to determine such amount. Determinations and allocations by such Bank for purposes of this SECTION Section 4.04 shall be conclusive, provided that such determinations and allocations are made on a reasonable basis and are mathematically accurate. Allocations shall not be deemed reasonable unless made ratably, to the extent practicalpracticable, to all of the affected Bank's or controlling corporation's assets, commitments, activities or other relevant aspects of such Bank's or controlling corporation's business. In the absence of manifest error, such certificate shall be conclusive and binding on the Company as to the amount so required to be paid by the Company to such Bank.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Health Care Property Investors Inc), Credit Agreement (Health Care Property Investors Inc)

Certificate, Etc. Each Bank shall promptly notify the Company, with a copy to the Agent, upon becoming aware that the Company may be required to make any payment pursuant to this SECTIONSection 5.04. When requesting payment pursuant to this SECTIONSection 5.04, each Bank shall provide to the Company, with a copy to the Agent, a certificate, signed by an officer of such Bank, setting forth the amount required to be paid by the Company to such Bank and the computations made by such Bank to determine such amount. Determinations and allocations by such Bank for purposes of this SECTION Section 5.04 shall be conclusive, provided that such determinations and allocations are made on a reasonable basis and are mathematically accurate. Allocations shall not be deemed reasonable unless made ratably, to the extent practical, to all of the affected Bank's or controlling corporation's assets, commitments, activities or and other relevant aspects of such Bank's or controlling corporation's business. In the absence of manifest error, such certificate shall be conclusive and binding on the Company as to the amount so required to be paid by the Company to such Bank.

Appears in 1 contract

Samples: Health Care Property Investors Inc

AutoNDA by SimpleDocs

Certificate, Etc. Each Bank shall promptly notify the Company, with a copy to the Agent, upon becoming aware that the Company may be required to make any payment pursuant to this SECTIONSection 4.04. When requesting payment pursuant to this SECTIONSection 4.04, each Bank shall provide to the Company, with a copy to the Agent, a certificate, signed by an officer of such Bank, setting forth the amount required to be paid by the Company to such Bank and the computations made by such Bank to determine such amount. Determinations and allocations by such Bank for purposes of this SECTION Section 4.04 shall be conclusive, provided that such determinations and allocations are made on a reasonable basis and are mathematically accurate. Allocations shall not be deemed reasonable unless made ratably, to the extent practical, to all of the affected Bank's or controlling corporation's assets, commitments, activities or other relevant aspects of such Bank's or controlling corporation's business. In the absence of manifest error, such certificate shall be conclusive and binding on the Company as to the amount so required to be paid by the Company to such Bank.

Appears in 1 contract

Samples: Revolving Credit Agreement (Health Care Property Investors Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.