No Default/Compliance Certificate. Together with the financial statements required pursuant to subsections (i) and (ii) above, a certificate of the chief financial officer or chief accounting officer of DFC (A) to the effect that, based upon a review of the activities of DFC and its Subsidiaries and such financial statements during the period covered thereby, no Event of Default or Potential Default exists, or if an Event of Default or a Potential Default exists, specifying the nature thereof and the Borrowers' proposed response thereto, and (B) demonstrating in reasonable detail compliance with Section 5.3 as at the end of such fiscal year or such fiscal quarter, as applicable;
Appears in 2 contracts
Samples: Credit Agreement (Doral Financial Corp), Credit Agreement (Doral Financial Corp)
No Default/Compliance Certificate. Together with the financial statements required pursuant to subsections (i) and (ii) above, a certificate of the chief financial officer or chief accounting officer of DFC (A) to the effect that, based upon a review of the activities of DFC and its Subsidiaries and such financial statements during the period covered thereby, no Event of Default or Potential Default exists, or if an Event of Default or a Potential Default exists, specifying the nature thereof and the Borrowers' proposed response thereto, and (B) demonstrating in reasonable detail compliance with Section 5.3 as at the end of such fiscal year or such fiscal quarter, as applicable;
Appears in 1 contract
No Default/Compliance Certificate. Together with the financial statements required pursuant to subsections (i) and (ii) above, a certificate of the chief financial officer or chief accounting officer of DFC FFCC (A) to the effect that, based upon a review of the activities of DFC FFCC and its Subsidiaries and such financial statements during the period covered thereby, no Event of Default or Potential Default exists, or if an Event of Default or a Potential Default exists, specifying the nature thereof and the Borrowers' Borrowers proposed response thereto, and (B) demonstrating in reasonable detail compliance with Section 5.3 as at the end of such fiscal year or such fiscal quarter, as applicable;
Appears in 1 contract