Common use of Compliance Certificate; Statement by Officers as to Default Clause in Contracts

Compliance Certificate; Statement by Officers as to Default. The Issuers shall deliver to the Trustee within 120 days after the end of each fiscal year of the Issuers an Officers, Certificate, one of the signers of which shall be the principal executive, principal financial or principal accounting officer of the Issuers, stating that in the course of the performance by the signers of their duties as officers of the Issuers they would normally have knowledge of any Default and whether or not the signers know of any Default that occurred during such period. If they do, the certificate shall describe the Default, its status and what action the Issuers are taking or propose to take with respect thereto. The Issuers also shall comply with TIA Section 314(a)(4).

Appears in 3 contracts

Samples: Indenture (Globalstar Capital Corp), Indenture (Globalstar Capital Corp), Indenture (Globalstar Capital Corp)

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Compliance Certificate; Statement by Officers as to Default. The Issuers shall deliver to the Trustee within 120 days after the end of each fiscal year of the Issuers an Officers, Certificate, one of the signers of which shall be the principal executive, principal financial or principal accounting officer of the Issuers, ' Certificate stating that in the course of the performance by the signers of their duties as officers Officers of the Issuers they would normally have knowledge of any Default and whether or not the signers know of any Default that occurred during such period. If they do, the certificate shall describe the Default, its status and what action the Issuers are taking or propose to take with respect thereto. The Issuers also shall comply with TIA Section 314(a)(4).

Appears in 1 contract

Samples: Indenture (Globalstar Capital Corp)

Compliance Certificate; Statement by Officers as to Default. The Issuers shall deliver to the Trustee within 120 days after the end of each fiscal year of the Issuers an Officers, ' Certificate, one of the signers of which shall be the principal executive, principal financial or principal accounting officer of the Issuers, stating that in the course of the performance by the signers of their duties as officers Officers of the Issuers they would normally have knowledge of any Default and whether or not the signers know of any Default that occurred during such period. If they do, the certificate shall describe the Default, its status and what action the Issuers are taking or propose to take with respect thereto. The Issuers also shall comply with TIA Section 314(a)(4).

Appears in 1 contract

Samples: Indenture (Globalstar Capital Corp)

Compliance Certificate; Statement by Officers as to Default. The Issuers Issuer shall deliver to the Trustee within 120 days after the end of each fiscal year of the Issuers Issuer an Officers, ' Certificate, one of the signers of which shall be the principal executive, principal financial or principal accounting officer of the IssuersIssuer, stating that in the course of the performance by the signers of their duties as officers Officers of the Issuers Issuer they would normally have knowledge of any Default and whether or not the signers know of any Default that occurred during such period. If they do, the certificate shall describe the Default, its status and what action the Issuers Issuer are taking or propose to take with respect thereto. The Issuers Issuer also shall comply with TIA Section ss. 314(a)(4).

Appears in 1 contract

Samples: Indenture (Loral Space & Communications LTD)

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Compliance Certificate; Statement by Officers as to Default. The Issuers shall deliver to the Trustee within 120 days after the end of each fiscal year of the Issuers an Officers, Certificate, one of the signers of which shall be the principal executive, principal financial or principal accounting officer of the Issuers, ' Certificate stating that in the course of the performance by the signers of their duties as officers Officers of the Issuers they would normally have knowledge of any Default and whether or not the signers know of any 57 51 Default that occurred during such period. If they do, the certificate shall describe the Default, its status and what action the Issuers are taking or propose to take with respect thereto. The Issuers also shall comply with TIA Section 314(a)(4).

Appears in 1 contract

Samples: Indenture (Globalstar Telecommunications LTD)

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