Common use of Compliance Check Clause in Contracts

Compliance Check. Compliance with the undertakings contained in Clause 12.5 shall be determined as at 30 June and 31 December in each financial year of the Borrower by reference to, in the case of the compliance check as at 30 June, the unaudited consolidated accounts of the Group for the first 2 financial quarters in each financial year delivered by the Agent pursuant to this Agreement and for the compliance check as at 31 December in each financial year, the audited consolidated accounts for that financial year of the Group delivered to the Agent pursuant to this Agreement. At the same time as it delivers those consolidated accounts, the Borrower shall deliver to the Agent a Compliance Certificate signed by the chief financial officer of the Borrower.

Compliance Check. Compliance with the undertakings contained in Clause 12.5 and the security cover requirement set out in Clause 15.1 shall be determined as at 30 June and 31 December in each financial year of the Borrower Compliance Date by reference to, in the case of the compliance check as at each of 31 March, 30 JuneJune and 30 September in each financial year, the unaudited consolidated accounts of the Group for the first 2 financial quarters ending on such date in each financial year delivered by the Agent pursuant to this Agreement and for the compliance check as at 31 December in each financial year, the audited consolidated accounts for that financial year of the Group delivered to the Agent pursuant to this Agreement. At the same time as it delivers those consolidated accounts, the Borrower shall deliver to the Agent a Compliance Certificate signed by the chief financial officer of the Borrower.

Compliance Check. Compliance with the undertakings contained in Clause 12.5 11.5 shall be determined as at 30 June and 31 December in each financial year Financial Year of the Borrower by reference to, in the case of the compliance check as at 30 June, the unaudited consolidated accounts of the Group for the first 2 financial quarters in each financial year Financial Year delivered by the Agent Lender pursuant to this Agreement and for the compliance check as at 31 December in each financial yearFinancial Year, the audited consolidated accounts for that financial year of the Group delivered to the Agent Lender pursuant to this Agreement. At the same time as it delivers those consolidated accounts, the Borrower shall deliver to the Agent Lender a Compliance Certificate signed by the chief financial officer of the Borrower.