Common use of Compliance Check Clause in Contracts

Compliance Check. Compliance with these Financial Covenants contained in Clause 11.18 shall be determined by reference (a) to the unaudited consolidated accounts for the first six months in each Financial Year of the Corporate Guarantor and (b) to the audited consolidated accounts for that Financial Year of the Corporate Guarantor for each Financial Year delivered to the Agent pursuant to this Agreement. The Borrowers shall deliver to the Agent semi-annually, at the same time they deliver the consolidated accounts to the Agent pursuant to Clause 11.18, a Compliance Certificate signed by the chief financial officer of the Corporate Guarantor.

Compliance Check. Compliance with these Financial Covenants the undertakings contained in Clause 11.18 12.12 (Financial covenants) shall be determined by reference (a) to the unaudited audited consolidated accounts for the first six months in each Financial Year of the Corporate Guarantor and (b) to commencing with the audited consolidated accounts for that Financial Year of the Corporate Guarantor for ending 31 December 2022, each Financial Year delivered to the Agent pursuant to Clause 11.7 (Provision of financial statements) of this Agreement. The Borrowers Unless and until the Agent (acting with the authorisation of the Majority Xxxxxxx) otherwise agrees in writing, at the same time as it delivers those consolidated accounts (audited and unaudited) for each Financial Year, the Corporate Guarantor shall deliver to the Agent semi-annually, at the same time they deliver the consolidated accounts to the Agent pursuant to Clause 11.18, a Compliance Certificate Certificate, signed by the chief financial officer of the Corporate Guarantor, evidencing calculations and compliance with the financial covenants.