Common use of No Default/Compliance Certificate Clause in Contracts

No Default/Compliance Certificate. Together with the financial statements required pursuant to subsections (a) and (b) above, a certificate of the president, chief financial officer or principal accounting officer of Interface (i) to the effect that Interface has complied with the delivery requirements set forth in subsections (a) or (b) above, as applicable, (ii) to the effect that, based upon a review of the activities of the Consolidated Companies and such financial statements during the period covered thereby, there exists no Event of Default and no Default under this Agreement, or if there exists an Event of Default or a Default hereunder, specifying the nature thereof and the proposed response thereto, (iii) demonstrating in reasonable detail compliance as of the end of each fiscal quarter Sections 8.01 through 8.06, (iv) setting forth with reasonable detail the determination of the financial covenant in Section 7.09, as of the end of such fiscal quarter, and (v) listing all Material Subsidiaries;

Appears in 3 contracts

Samples: Credit Agreement (Interface Inc), Credit Agreement (Interface Inc), Credit Agreement (Interface Inc)

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No Default/Compliance Certificate. Together with the financial --------------------------------- statements required pursuant to subsections (a) and (b) above, a certificate of the presidentTreasurer, chief Chief Financial Officer or other authorized financial officer or principal accounting officer of Interface Borrower acceptable to the Agent and the Required Lenders (i) to the effect that Interface has complied with the delivery requirements set forth in subsections (a) or (b) above, as applicable, (ii) to the effect that, based upon a review of the activities of the Consolidated Companies and such financial statements during the period covered thereby, there exists no Event of Default and no Default under this Agreement, or if there exists an Event of Default or a Default hereunder, specifying the nature thereof and the proposed response thereto, and (iiiii) demonstrating in reasonable detail compliance as of the end of each fiscal quarter Sections 8.01 through 8.06, (iv) setting forth with reasonable detail the determination of the financial covenant in Section 7.09, as of at the end of such fiscal quarter, year or such fiscal quarter with the covenants contained in Section 7.8 and (v) listing all Material SubsidiariesSections 8.1 through 8.4;

Appears in 2 contracts

Samples: Credit Agreement (Rotech Medical Corp), Contribution Agreement (Rotech Medical Corp)

No Default/Compliance Certificate. Together with the financial statements required pursuant to subsections (ac) and (bd) above, a certificate of the president, chief financial officer or principal accounting officer of Interface Borrower, and in the case of audited financial statements, the certificate from the auditors, (i) to the effect that Interface has complied with the delivery requirements set forth in subsections (a) or (b) above, as applicable, (ii) to the effect that, based upon a review of the activities of the Consolidated Companies and such financial statements during the period covered thereby, there exists no Event of Default and no Default under this Agreement, or if there exists an Event of Default or a Default hereunder, specifying the nature thereof and the proposed response thereto, and (iiiii) demonstrating in reasonable detail compliance as of the end of each fiscal quarter Sections 8.01 through 8.06, (iv) setting forth with reasonable detail the determination of the financial covenant in Section 7.09, as of at the end of such fiscal year (in the case of the last month of a fiscal quarter) or such fiscal quarter with Section 7.8 and Sections 8.1 through 8.4; provided, in the case of a certificate to be delivered with respect to the end of a fiscal quarter, that part demonstrating compliance with Section 7.8 and Sections 8.1 through 8.4 may be delivered within forty-five (v45) listing all Material Subsidiaries;days after the end of such quarter.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Solar Mates Inc)

No Default/Compliance Certificate. Together with the financial statements required pursuant to subsections (a) and (b) above, a certificate of the president, chief financial officer or principal accounting officer of Interface (i) to the effect that Interface has complied with the delivery requirements set forth in subsections (a) or (b) above, as applicable, (ii) to the effect that, based upon a review of the activities of the Consolidated Companies and such financial statements during the period covered thereby, there exists no Event of Default and no Default under this Agreement, or if there exists an Event of Default or a Default hereunder, specifying the nature thereof and the proposed response thereto, (iii) demonstrating in reasonable detail compliance as of the end of each fiscal quarter Sections 8.01 through 8.06, (iv) setting forth with reasonable detail the determination of each of the financial covenant covenants in Section 7.09, as of the end of such fiscal quarter, along with all calculations related thereto, and (v) listing all Material Subsidiaries;

Appears in 1 contract

Samples: Credit Agreement (Interface Inc)

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No Default/Compliance Certificate. Together with the financial statements required pursuant to subsections (ac) and (bd) above, a certificate of the president, chief financial officer or principal accounting officer of Interface Borrower, and in the case of audited financial statements, the certificate from the auditors, (i) to the effect that Interface has complied with the delivery requirements set forth in subsections (a) or (b) above, as applicable, (ii) to the effect that, based upon a review of the activities of the Consolidated Companies and such financial statements during the period covered thereby, there exists no Event of Default and no Default under this Agreement, or if there exists an Event of Default or a Default hereunder, specifying the nature thereof and the proposed response thereto, and (iiiii) demonstrating in reasonable detail compliance as of the end of each fiscal quarter Sections 8.01 through 8.06, (iv) setting forth with reasonable detail the determination of the financial covenant in Section 7.09, as of at the end of such fiscal year (in the case of the last month of a fiscal quarter) or such fiscal quarter with Section 7.8 and Sections 8.1 through 8.4; PROVIDED, in the case of a certificate to be delivered with respect to the end of a fiscal quarter, that part demonstrating compliance with Section 7.8 and Sections 8.1 through 8.4 may be delivered within forty-five (v45) listing all Material Subsidiaries;days after the end of such quarter.

Appears in 1 contract

Samples: Term Loan Agreement (Serengeti Eyewear Inc)

No Default/Compliance Certificate. Together with the financial statements required pursuant to subsections (a) and (b) above, a certificate of the president, chief financial officer or principal accounting officer of Interface (i) to the effect that Interface has complied with the delivery requirements set forth in subsections (a) or (b) above, as applicable, (ii) to the effect that, based upon a review of the activities of the Consolidated Companies and such financial statements during the period covered thereby, there exists no Event of Default and no Default under this Agreement, or if there exists an Event of Default or a Default hereunder, specifying the nature thereof and the proposed response thereto, (iii) demonstrating in reasonable detail compliance as of the end of each fiscal quarter Sections 8.01 through 8.06, (iv) setting forth with reasonable detail the determination of the financial covenant in Section 7.09, as of at the end of such fiscal quarter, year or such fiscal quarter with Section 7.09 and Sections 8.01 through 8.06 and (viv) listing all Material Subsidiaries;

Appears in 1 contract

Samples: Credit Agreement (Interface Inc)

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