Common use of Certificate of No Default Clause in Contracts

Certificate of No Default. Within thirty (30) days after the end of each of the quarters of each fiscal year of the Borrower during which any Loans remain unpaid, a certificate of the chief financial officer of the Borrower (a) certifying that to the best of his knowledge no Default or Event of Default has occurred and is continuing or, if a Default or Event of Default has occurred and is continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto, and (b) with computations demonstrating compliance with the covenants contained in Article VII;

Appears in 2 contracts

Samples: Revolving Credit Agreement (Lasersight Inc /De), Revolving Credit Agreement (Lasersight Inc /De)

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Certificate of No Default. Within thirty twenty (3020) days after the end ------------------------- of each of the quarters of each fiscal year of the Borrower during which any Loans remain unpaid, a certificate of the chief financial officer of the Borrower (a) certifying that to the best of his knowledge no Initial Default or Event of Matured Default has occurred and is continuing orcontinuing, or if a an Initial Default or Event of Matured Default has occurred and is continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto, and (b) with computations demonstrating compliance with the covenants contained in Article VIISection 8.;

Appears in 1 contract

Samples: Credit Agreement (Sheffield Steel Corp)

Certificate of No Default. Within thirty twenty (30) days 20)days after the end of each of the quarters of each fiscal year of the Borrower during which any Loans remain unpaid, a certificate of the chief financial officer of the Borrower Borrower (a) certifying that that, to the best of his knowledge Borrower's knowledge, no Initial Default or Event of Matured Default has occurred and is continuing orcontinuing, or if a an Initial Default or Event of Matured Default has occurred and is continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto, and (b) with computations demonstrating compliance with the covenants contained in Article VIISection 8;

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Kinark Corp)

Certificate of No Default. Within thirty forty-five (3045) days after the end of each of the quarters of each fiscal year of the Borrower during which any Loans remain unpaidBorrower, a certificate of the chief financial officer of the Borrower (ai) certifying that to the best of his such officer’s knowledge no Default or Event of Default has occurred and is continuing or, if a Default or Event of Default has occurred and is continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto, thereto and (bii) with computations demonstrating compliance with the covenants contained in Article VIISection 5.13;

Appears in 1 contract

Samples: Loan Agreement (Faro Technologies Inc)

Certificate of No Default. Within thirty (30) 5 days after the end of each of the quarters of each fiscal year of the Borrower during which any Loans remain unpaidBorrower, a certificate of the chief financial officer of the Borrower (ai) certifying that to the best of his knowledge that officer's knowledge, no Default or Event of Default has occurred and is continuing or, if a Default or Event of Default has occurred and is continuing, a statement as to the nature thereof and the action which that is proposed to be taken with respect thereto, thereto and (bii) with computations demonstrating compliance with the covenants contained in Article VII;

Appears in 1 contract

Samples: Promissory Note Agreement (Integrated Environmental Technologies, Ltd.)

Certificate of No Default. Within thirty sixty (3060) days after the end of each Fiscal Quarter of the quarters of each fiscal year of the Borrower during which any Loans remain unpaidBorrower, a certificate of the chief financial officer Chief Financial Officer of the Borrower (a) certifying that to the best of his knowledge no Default or Event of Default has occurred and is continuing or, if a Default or Event of Default has occurred and is continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto, and (b) with computations demonstrating compliance with the covenants contained in Article VII;.

Appears in 1 contract

Samples: Term Loan Agreement (Associated Business & Commerce Insurance Corp)

Certificate of No Default. Within thirty (30) 25 days after the end of each of the quarters month of each fiscal year of the Borrower during which any Loans remain unpaidBorrowers, a certificate of the chief financial officer of the Borrower Borrowers (ai) certifying that to the best of his knowledge no Default or Event of Default has occurred and is continuing or, if a Default or Event of or Default has occurred and is continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto, ; and (bii) with computations demonstrating compliance with the covenants contained in Article VII;

Appears in 1 contract

Samples: Loan Agreement (Lynch Corp)

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Certificate of No Default. Within thirty forty-five (3045) days after the end of each of the quarters of each fiscal year Fiscal Year of the Borrower during which any Loans remain unpaidBorrower, a certificate of the chief financial officer of the Borrower (a) certifying that to the best of his knowledge no Default or Event of Default has occurred and is continuing or, if a Default or Event of Default has occurred and is continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto, and (b) with computations demonstrating compliance with the covenants contained in Article VIISection 4.2(s) of this Agreement;

Appears in 1 contract

Samples: Loan and Line of Credit Agreement (Morris Publishing Group LLC)

Certificate of No Default. Within thirty fifty five (3055) days after the end of each the first, second, and third fiscal quarters, and within one hundred (100) days after the end of the quarters of each fiscal year of the Borrower during which any Loans remain unpaidFiscal Year, a certificate of the chief financial officer Chief Financial Officer of the Borrower (ai) certifying that to the best of his or her knowledge no Default or Event of Default has occurred and is continuing or, if a Default or an Event of Default has occurred and which is continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto, and (bii) with setting forth computations demonstrating compliance with the covenants contained in Article VII;.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Lynch Interactive Corp)

Certificate of No Default. Within thirty sixty (3060) days after the end of each of the first three quarters of each fiscal year and within ninety (90) days of the end of each fiscal year of the Borrower during which any Loans remain unpaidBorrower, a certificate of the chief financial officer of the Borrower (a) certifying that to the best of his knowledge no Default or Event of Default has occurred and is continuing orcontinuing, or if a Default or Event of Default has occurred and is continuing, continuing a statement as to the nature thereof and the action which is proposed to be taken with respect thereto, ; and (b) with computations demonstrating compliance with the covenants contained in Article VIIIX;

Appears in 1 contract

Samples: Credit Agreement (Health Management Systems Inc)

Certificate of No Default. Within thirty forty-five (3045) days after ------------------------- the end of each of the quarters of each fiscal year of the Borrower during which any Loans remain unpaid, a certificate of the chief financial officer of the Borrower (a) certifying that to the best of his knowledge no Initial Default or Event of Matured Default has occurred and is continuing orcontinuing, or if a an Initial Default or Event of Matured Default has occurred and is continuing, a statement as to the nature thereof and the action which is proposed to be taken with respect thereto, and (b) with computations demonstrating compliance with the covenants contained in Article VIISection 8.;

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (National Environmental Service Co)

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