Common use of Certificates of No Default and Other Information Clause in Contracts

Certificates of No Default and Other Information. The Company shall deliver within 120 days after the close of its Fiscal Year and, with respect to Section 6.13(d) hereof, on the Effective Date to the Authority and the Trustee the following: (a) a certificate executed by a Company Representative to the effect that (i) it is not aware of any condition, event or act which constitutes a Default and (ii) it is not aware of any condition, event or act which, with notice or lapse of time, or both, would constitute such a Default, or, in either case, if any such condition, event or act exists, specifying the same; (b) a written description of the present use of the Prior Project and a description of any anticipated material change in the use of the Prior Project or in the number of employees employed thereat by the Company and the number of employees employed thereat by any of its affiliates; (c) a certification to the effect that it is in compliance with its Tax Covenants; and (d) certificates evidencing that the insurance or self-insurance program required pursuant to this Agreement (including, without limitation, Article VII), is in full force and effect, together with copies of any applicable insurance policies, if requested by the Authority or the Trustee. The Company also hereby agrees to furnish to the Authority all material information and materials related to the public purposes of the Prior Project or the Company, including, without limitation, by way of example, changes in ownership of the Prior Project, changes in the nature of the Prior Project and employment related matters, that the Authority reasonably requests from time to time.

Appears in 2 contracts

Samples: Loan Agreement (Agl Resources Inc), Loan Agreement (Agl Resources Inc)

AutoNDA by SimpleDocs

Certificates of No Default and Other Information. The Company shall deliver within 120 days after the close of its Fiscal Year and, with respect to Section 6.13(d) hereof, on the Effective Date of Issuance to the Authority and the Trustee the following: (a) a certificate executed by a Company Representative to the effect that (i) it is not aware of any condition, event or act which constitutes a Default and (ii) it is not aware of any condition, event or act which, with notice or lapse of time, or both, would constitute such a Default, or, in either case, if any such condition, event or act exists, specifying the same; (b) a written description of the present use of the Prior Project and a description of any anticipated material change in the use of the Prior Project or in the number of employees employed thereat by the Company and the number of employees employed thereat by any of its affiliates; (c) a certification to the effect that it is in compliance with its Tax Covenants; and (d) certificates evidencing that the insurance or self-insurance program required pursuant to this Agreement (including, without limitation, Article VII), is in full force and effect, together with copies of any applicable insurance policies, if requested by the Authority or the Trustee. The Company also hereby agrees to furnish to the Authority all material information and materials related to the public purposes of the Prior Project or the Company, including, without limitation, by way of example, changes in ownership of the Prior Project, changes in the nature of the Prior Project and employment related matters, that the Authority reasonably requests from time to time.

Appears in 2 contracts

Samples: Loan Agreement (Macquarie Infrastructure Corp), Loan Agreement (Agl Resources Inc)

AutoNDA by SimpleDocs

Certificates of No Default and Other Information. The Company shall deliver within 120 days after the close of its Fiscal Year and, with respect to Section 6.13(d) hereof, on the Effective Date to the Authority and the Trustee the following: (a) a certificate executed by a Company Representative to the effect that (i) it is not aware of any condition, event or act which constitutes a Default and (ii) it is not aware of any condition, event or act which, with notice or lapse of time, or both, would constitute such a Default, or, in either case, if any such condition, event or act exists, specifying the same; (b) a written description of the present use of the Prior Project and a description of any anticipated material change in the use of the Prior Project or in the number of employees employed thereat by the Company and the number of employees employed thereat by any of its affiliates; (c) a certification to the effect that it is in compliance with its Tax Covenants; and (d) certificates evidencing that the insurance or self-insurance program required pursuant to this Agreement (including, without limitation, Article VII), is in full force and effect, together with copies of any applicable insurance policies, if requested by the Authority or the Trustee. The Company also hereby agrees to furnish to the Authority all material information and materials related to the public purposes of the Prior Project or the Company, including, without limitation, by way of example, changes in ownership of the Prior Project, changes in the nature of the Prior Project and employment related matters, that the Authority reasonably requests from time to time.

Appears in 1 contract

Samples: Loan Agreement (Agl Resources Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!