Common use of Covenant Compliance Report Clause in Contracts

Covenant Compliance Report. The Borrower shall, within thirty (30) days after the end of each fiscal quarter, deliver to the Bank (a) a computation in such detail as the Bank shall specify, showing compliance by the Borrower with the covenants set forth in SECTION 10, and (b) a certificate that neither the Borrower nor any Subsidiary is in default under the terms of or has otherwise breached the terms of any of the Senior Mortgages or received any notice(s) with respect to a default or breach of any of the foregoing, in each case certified as accurate by the Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Arlington Hospitality Inc), Loan and Security Agreement (Arlington Hospitality Inc)

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Covenant Compliance Report. The Borrower shall, within thirty forty-five (3045) days after the end of each fiscal quarterquarter commencing with the first fiscal quarter completed subsequent to the date hereof, deliver to the Bank (a) a computation in such detail as the Bank shall specify, report showing compliance by the Borrower with the financial covenants set forth in SECTION 10Article 10 hereof in a form and in such detail as the Bank may specify, and (b) a certificate that neither the Borrower nor any Subsidiary is in default under the terms of or has otherwise breached the terms of any of the Senior Mortgages or received any notice(s) with respect to a default or breach of any of the foregoing, in each case certified as accurate by the Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Banyan Rail Services Inc.), Loan and Security Agreement (Bhit Inc)

Covenant Compliance Report. The Borrower shall, within thirty (30) days after the end of each fiscal quartermonth, deliver to the Bank (a) Lender a computation in such detail as the Bank Lender shall specify, showing the state of compliance by the Borrower with the financial covenants set forth in SECTION Section 10, and (b) a certificate that neither the Borrower nor any Subsidiary is in default under the terms of or has otherwise breached the terms of any of the Senior Mortgages or received any notice(s) with respect to a default or breach of any of the foregoing, in each case certified as accurate by the Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Chromcraft Revington Inc)

Covenant Compliance Report. The Borrower shall, within thirty (30) days after the end of each fiscal quarter, deliver to the Bank (a) a computation in such detail as the Bank shall specify, showing compliance by the Borrower with the covenants set forth in SECTION 10, and (b) a certificate that neither the Borrower nor any Subsidiary is in default under the terms of or has otherwise breached the terms of any of the Senior Mortgages or received any notice(s) with respect to a default or breach of any of the foregoing, in each case certified as accurate by the Borrower.. 9.10

Appears in 1 contract

Samples: Loan and Security Agreement (Arlington Hospitality Inc)

Covenant Compliance Report. The Borrower shall, shall within thirty (30) days after the end of each fiscal quarter, deliver to the Bank (a) a computation in such detail as the Bank shall specify, showing compliance by the Borrower with the financial covenants set forth in SECTION Section 10, and (b) a certificate that neither the Borrower nor any Subsidiary is in default under the terms of or has otherwise breached the terms of any of the Senior Mortgages or received any notice(s) with respect certified to a default or breach of any of the foregoing, in each case certified as accurate by the Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (First Horizon Pharmaceutical Corp)

Covenant Compliance Report. The Borrower shall, within thirty (30) days after the end of each fiscal quartermonth, deliver to the Bank (a) Lender a Covenant Compliance Certificate with computation in such detail as the Bank Lender shall specify, showing the state of compliance by the Borrower with the financial covenants set forth in SECTION Section 10, and (b) a certificate that neither the Borrower nor any Subsidiary is in default under the terms of or has otherwise breached the terms of any of the Senior Mortgages or received any notice(s) with respect to a default or breach of any of the foregoing, in each case certified as accurate by the Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Flux Power Holdings, Inc.)

Covenant Compliance Report. The Borrower shall, within thirty (30) days after the end of each fiscal quartermonth, deliver to the Bank (a) Lender a computation in such detail as the Bank Lender shall specify, showing the state of compliance by the Borrower with the financial covenants set forth in SECTION 10Section 10 in the form attached hereto as Exhibit "B" (a "Covenant Compliance Certificate"), and (b) a certificate that neither the Borrower nor any Subsidiary is in default under the terms of or has otherwise breached the terms of any of the Senior Mortgages or received any notice(s) with respect to a default or breach of any of the foregoing, in each case certified as accurate by the Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Dynatronics Corp)

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Covenant Compliance Report. The Borrower shall, within thirty forty-five (3045) days after the end of each fiscal quarter, deliver to the Bank (a) Lenders a computation in such detail as the Bank Lenders shall specify, showing compliance by the Borrower with the financial covenants set forth in SECTION 10Article VIII, and (b) a certificate that neither the Borrower nor any Subsidiary is in default under the terms of or has otherwise breached the terms of any of the Senior Mortgages or received any notice(s) with respect to a default or breach of any of the foregoing, in each case certified as accurate by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Ipalco Enterprises Inc)

Covenant Compliance Report. The Borrower shall, within thirty forty- five (3045) days after the end of each fiscal quarter, deliver to the Bank (a) Lenders a computation in such detail as the Bank Lenders shall specify, showing compliance by the Borrower with the financial covenants set forth in SECTION 10Article VIII, and (b) a certificate that neither the Borrower nor any Subsidiary is in default under the terms of or has otherwise breached the terms of any of the Senior Mortgages or received any notice(s) with respect to a default or breach of any of the foregoing, in each case certified as accurate by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Ipalco Enterprises Inc)

Covenant Compliance Report. The Borrower Borrowers shall, within thirty forty-five (3045) days after the end of each fiscal quarterquarter commencing with the first fiscal quarter completed subsequent to the date hereof, deliver to the Bank (a) a computation report showing compliance by the Borrowers with the financial covenants set forth in Article 10 hereof in a form and in such detail as the Bank shall may specify, showing compliance by the Borrower with the covenants set forth in SECTION 10, and (b) a certificate that neither the Borrower nor any Subsidiary is in default under the terms of or has otherwise breached the terms of any of the Senior Mortgages or received any notice(s) with respect to a default or breach of any of the foregoing, in each case certified as accurate by the Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (FreightCar America, Inc.)

Covenant Compliance Report. The Borrower shall, within thirty forty-five (3045) days after the end of each of the first three fiscal quarters of Borrower's fiscal year and within one hundred twenty (120) days after the end of each fiscal quarteryear, deliver to the Bank (a) Lenders a computation in such detail as the Bank Lenders shall specify, showing compliance by the Borrower with the financial covenants set forth in SECTION 10Article VIII, and (b) a certificate that neither the Borrower nor any Subsidiary is in default under the terms of or has otherwise breached the terms of any of the Senior Mortgages or received any notice(s) with respect to a default or breach of any of the foregoing, in each case certified as accurate by the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Ipalco Enterprises, Inc.)

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