Financial Covenant Certificate Sample Clauses
A Financial Covenant Certificate clause requires a party, typically the borrower in a loan agreement, to periodically provide a formal statement certifying compliance with specified financial covenants. This certificate is usually prepared and signed by an authorized officer and submitted to the lender at set intervals, such as quarterly or annually, often alongside financial statements. The core function of this clause is to ensure ongoing transparency and accountability, enabling the lender to monitor the borrower's financial health and adherence to agreed-upon financial ratios or thresholds, thereby reducing the risk of covenant breaches going undetected.
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Financial Covenant Certificate. The Lead Arranger shall have received a certificate signed by the Chief Financial Officer of the Borrower, the statements in which shall be true, certifying that, after giving pro forma effect to the full drawing of the Additional Term A Borrowing and the outstandings under the Revolving Credit Facility, the Borrower is in compliance with the covenants set forth in Section 5.04 of the Credit Agreement.
Financial Covenant Certificate. As soon as available, and in any event within 15 days after the close of each calendar month of Borrowers, Borrowers shall deliver to Bank a certificate in form and substance satisfactory to Bank, certified to Bank by each Borrower’s chief executive officer or chief financial officer and showing a computation of all financial covenants contained herein.
Financial Covenant Certificate. (i) together with each delivery of Financial Statements pursuant to Section 7.1(a)(1) and (2) above, a certificate executed by the chief financial officer of the Company demonstrating in reasonable detail the Company’s calculations of each financial covenant set forth in Sections 9.1, 9.6 and 9.7 for the applicable time period set forth in Article IX and (ii) within three Business Days of each Test Date, a certificate executed by the chief financial officer of the Company demonstrating in reasonable detail the Company’s calculations of the financial covenant set forth in Article IX tested on such Test Date;
Financial Covenant Certificate. A certificate signed by a Responsible Officer of the Company, dated as of the Closing Date confirming that after giving effect to the Kaiser- Texas Acquisition, on a pro forma basis:
(i) the Leverage Ratio, as of September 30, 1998 is not more than 3.50 to 1.00; and
(ii) Sierra Adjusted EBITDA, as of September 30, 1998 is not less than $70,000,000.
Financial Covenant Certificate. Commencing with the calendar quarter ending on December 31, 2015, within sixty (60) days after the end of each calendar quarter, Borrower shall deliver to Administrative Agent a certificate certified by an officer, managing member or another authorized representative of the Borrower, in the form attached hereto as Exhibit H, setting forth Borrower’s calculation of the Debt Service Coverage Ratio as of the end of such calendar quarter.
Financial Covenant Certificate. The Noteholders waive the default by the Company for delivering a Financial Covenant Certificate that was executed by an officer of the Company other than the chief financial officer as required by Section 7.1(c) of the NPA.
Financial Covenant Certificate. Commencing with May 7, 2010 and every Friday thereafter, the Borrower shall deliver to the Administrative Agent an officer’s certificate certifying compliance with the covenants set forth in Section 6.8 for the immediately preceding week, and setting forth in reasonable detail calculations demonstrating such compliance.