Coverage Report Sample Clauses

Coverage Report. On a quarterly basis (the last Business Day of January, April, July and October, commencing January 31, 1989), such Surety Assets Coverage Report shall be confirmed by a letter in the form attached to Annex 3 hereto from the Fund's independent accountants delivered to Financial Security within three Business Days of the delivery of the Surety Assets Coverage Report. If any such letter shows that an error was made in the Surety Assets Coverage Report reviewed or shows that a lower aggregate Surety Assets Value for the Eligible Portfolio Property was determined by the independent accountants, the calculation or determination made by such independent accountants shall be final and conclusive and shall be binding on the Fund and Financial Security, and the Collateral Evaluator shall accordingly amend the Surety Assets Coverage Report and deliver the amended Surety Assets Coverage Report to Financial Security.
AutoNDA by SimpleDocs
Coverage Report. As defined in Schedule 1.4.1.
Coverage Report. Before the first thirty (30) Calendar Days of each Concession Year and during the term thereof, the CONCESSIONAIRE will submit the following to OSITRAN:
Coverage Report. Within the first sixty (60) Calendar Days of each Concession Year (including the first year in which the Closing Date occurs) and during the term of the Concession, the CONCESSIONAIRE shall submit to the GRANTOR, with a copy to the Supervisor, the following: A list of the insurance policies to be contracted by the CONCESSIONAIRE during the year in question, indicating, at least, the coverage, the insurance company, the claims made during the previous year and their current status; and, As of the second Concession Year, a certificate issued by the authorized representative of the insurance company indicating the policies and coverage that the CONCESSIONAIRE has contracted during the previous year, in order to demonstrate compliance with the terms of this chapter. Notwithstanding the foregoing, during the term of the Concession, and whenever the GRANTOR or the Supervisor so requires, the CONCESSIONAIRE shall submit reliable proof that all insurance policies are still in force and up to date in their payments. The GRANTOR, at any time, may request from the CONCESSIONAIRE the delivery of the original of the insurance policies it has contracted, or legalized copies thereof, as well as receipts or documents proving that it is up to date in the payment of the corresponding premiums. In the event of non-compliance with the obligation to keep the policies in force, the GRANTOR may execute the Guarantees, prior notice to the CONCESSIONAIRE, without prejudice to the penalties to which said non-compliance may give rise, or if applicable, the procedures foreseen for the Termination of the Contract shall apply, considering the grounds for Termination established in subparagraph h of Clause Error: Reference source not found. In case the GRANTOR executes the Guarantees partially or in their entirety, the CONCESSIONAIRE is obliged to reimburse it, in accordance with the provisions of Chapter IX.
Coverage Report. Within the first sixty (60) Calendar Days of each Concession Year and during the term of this, the CONCESSIONAIRE shall submit the following to the GRANTOR:

Related to Coverage Report

  • Engineering Report Lender shall have received a current Engineering Report with respect to the Property, which report shall be in form and substance reasonably satisfactory to Lender.

  • Officer’s Compliance Certificate At each time financial statements are delivered pursuant to Sections 7.1(a) or (b) and at such other times as the Administrative Agent shall reasonably request, an Officer’s Compliance Certificate.

  • Insurance Report As soon as practicable and in any event by the last day of each Fiscal Year, a report in form and substance satisfactory to Administrative Agent outlining all material insurance coverage maintained as of the date of such report by Holdings and its Subsidiaries and all material insurance coverage planned to be maintained by Holdings and its Subsidiaries in the immediately succeeding Fiscal Year;

  • Compliance Certificate; Statements as to Defaults The Company shall deliver to the Trustee within 120 days after the end of each fiscal year of the Company (beginning with the fiscal year ending on December 31, 2020) an Officer’s Certificate stating whether the signers thereof have knowledge of any failure by the Company to comply with all conditions and covenants then required to be performed under this Indenture and, if so, specifying each such failure and the nature thereof. In addition, the Company shall deliver to the Trustee, as soon as possible, and in any event within 30 days after the occurrence of any Event of Default or Default, an Officer’s Certificate setting forth the details of such Event of Default or Default, its status and the action that the Company is taking or proposing to take in respect thereof.

  • Covenant Compliance Certificate The Borrower shall, contemporaneously with the furnishing of the financial statements pursuant to Section 8.8, deliver to the Bank a duly completed compliance certificate, dated the date of such financial statements and certified as true and correct by an appropriate officer of the Borrower, containing a computation of each of the financial covenants set forth in Section 10 and stating that the Borrower has not become aware of any Event of Default or Unmatured Event of Default that has occurred and is continuing or, if there is any such Event of Default or Unmatured Event of Default describing it and the steps, if any, being taken to cure it.

  • Debt Service Coverage Ratio Borrower shall maintain as of the last day of any fiscal quarter a Debt Service Coverage Ratio of not less than 1.25 to 1.00 for the period of four consecutive fiscal quarters then ended on such day.

  • Annual Statement of Compliance The Officer’s Certificate required to be delivered by the Issuing Entity, pursuant to Section 3.9 of the Indenture or the Officer’s Certificate required to be delivered by the Servicer pursuant to Section 4.01(a) of the Servicing Agreement, as applicable.

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