Documents Required for Authentication of Bonds Sample Clauses

Documents Required for Authentication of Bonds. When requesting the authentication of Bonds pursuant to this Article the Company shall deliver to the Trustee: (1) A Certificate of Net Bondable Expenditures dated as of a date within sixty (60) days of the date on which such Bonds are to be issued; (2) An Officers' Certificate dated as of the date of the delivery of such Bonds stating that: (i) the amount, if any, shown in Item (12) of the certificate referred to in (1) above plus Gross Expenditures for Property Additions since the date of said certificate exceeds Net Retirements since the date of said certificate; (ii) the Company is not in Default hereunder; (3) An Earnings Available for Interest Charges Certificate; and (4) If there be included in such Certificate of Net Bondable Expenditures any New Gross Expenditures, the following: (i) An Engineer's Certificate dated as of the date of such Certificate of Net Bondable Expenditures (such engineer's certificate, if such Certificate of Net Bondable Expenditures includes any considerations other than cash or if the New Property Additions thereby acquired include Purchased Property, either to be an independent engineer's certificate or the statements therein contained with respect to considerations other than cash and/or Purchased Property to be those of an independent engineer, the scope of whose signature and verification thereof may be limited to such matters): (a) stating that the signer has examined and inspected such Property Additions and that their construction or acquisition was reasonable from the standpoint of the Company and of the bondholders; (b) setting forth their fair value as of the date of such certificate after deducting proper depreciation, if any, and if such Property Additions include Purchased Property, deducting any portion thereof not useful in the conduct of the Company's business as an electric public utility company; (c) setting forth, as of the date of such certificate, the market value or, if none, the fair value of any securities, or other property included in such New Gross Expenditures; (d) stating that the amount of such New Gross Expenditures included in said Certificate of Net Bondable Expenditures does not exceed the fair value of the Property Additions acquired thereby; and (e) if the Opinion of Counsel responsive to (ii) of this subparagraph (4) sets forth any Permitted Encumbrances, stating that such Permitted Encumbrances do not impair the use of the property to which they pertain for the purposes for which such p...