Common use of Initial Compliance Certificate Clause in Contracts

Initial Compliance Certificate. The Administrative Agent shall have (a) received an initial Compliance Certificate, duly executed by a Financial Officer of the Borrower, and dated as of the Effective Date, showing compliance with the financial covenants set forth in Section 7.2.4(a), (b) and (c) after giving Pro Forma Effect to the transactions on the Effective Date.

Appears in 2 contracts

Samples: Credit Agreement (CatchMark Timber Trust, Inc.), Credit Agreement (CatchMark Timber Trust, Inc.)

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Initial Compliance Certificate. The Administrative Agent shall have (a) received an initial Compliance Certificate, duly executed by a Financial Officer of the Borrower, and dated as of the Effective Date, showing compliance with the 123 46267678.11 financial covenants set forth in Section 7.2.4(a), (b) and (c) after giving Pro Forma Effect to the transactions on the Effective Date.

Appears in 1 contract

Samples: Credit Agreement (CatchMark Timber Trust, Inc.)

Initial Compliance Certificate. The Administrative Agent shall have (a) received an initial a Compliance Certificate, duly executed by a Financial Officer of the Borrower, and dated calculated as of the Effective Initial Borrowing Date, showing compliance together with such information concerning the financial covenants set forth calculations and assumptions used by the Borrower in Section 7.2.4(a), (b) and (c) after giving Pro Forma Effect to delivering such Compliance Certificate as the transactions on the Effective DateAdministrative Agent shall have requested.

Appears in 1 contract

Samples: Loan Agreement (Amax Gold Inc)

Initial Compliance Certificate. The Administrative Agent shall have (a) received an initial Compliance Certificate, duly executed by a Financial Officer of the BorrowerBorrowers, and dated as of the Effective DateDecember 19, 2013, showing compliance with a calculation of the financial covenants set forth in Section 7.2.4(a), Loan to Value Ratio and the Minimum Liquidity Balance and (b) and (c) after giving Pro Forma Effect confirmed to the transactions on Borrowers that, in its reasonable and good faith determinations, that the Effective Datecalculations contained in the initial Compliance Certificate are satisfactory.

Appears in 1 contract

Samples: Credit Agreement (CatchMark Timber Trust, Inc.)

Initial Compliance Certificate. The Administrative Agent shall have (a) received an initial Compliance Certificate, duly executed by a Financial Officer of the Borrower, and dated as of the Effective DateDecember 23, 2014, showing compliance with a calculation of the financial covenants set forth in Section 7.2.4(a), Loan to Value Ratio and the Minimum Liquidity Balance and (b) and (c) after giving Pro Forma Effect confirmed to the transactions on Borrower that, in its reasonable and good faith determinations, that the Effective Datecalculations contained in the initial Compliance Certificate are satisfactory.

Appears in 1 contract

Samples: Credit Agreement (CatchMark Timber Trust, Inc.)

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Initial Compliance Certificate. The Administrative Agent shall have (a) received an initial Compliance Certificate, duly executed by a Financial Officer of the BorrowerBorrowers, and dated as of the Effective Datedate hereof, showing compliance with a calculation of the financial covenants set forth in Section 7.2.4(a), Loan to Value Ratio and the Minimum Liquidity Balance and (b) and (c) after giving Pro Forma Effect confirmed to the transactions on Borrowers that, in its reasonable and good faith determinations, that the Effective Datecalculations contained in the initial Compliance Certificate are satisfactory.

Appears in 1 contract

Samples: Credit Agreement (CatchMark Timber Trust, Inc.)

Initial Compliance Certificate. The Administrative Agent shall have (a) received an initial Compliance Certificate, duly executed by a Financial Officer of the Borrower, and dated as of the Effective Date, showing compliance with a calculation of the financial covenants set forth in Section 7.2.4(a), Loan to Value Ratio and the Minimum Liquidity Balance and (b) and (c) after giving Pro Forma Effect confirmed to the transactions on Borrower that, in its reasonable and good faith determinations, that the Effective Datecalculations contained in the initial Compliance Certificate are satisfactory.

Appears in 1 contract

Samples: Credit Agreement (CatchMark Timber Trust, Inc.)

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