Common use of No Default/Compliance Certificate Clause in Contracts

No Default/Compliance Certificate. Together with the financial statements required pursuant to subsections (i) and (ii) above, a certificate of the treasurer or chief financial officer of Sponsor (x) 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 Credit Event or Unmatured Credit Event under this Agreement, or if there exists a Credit Event or Unmatured Credit Event hereunder, specifying the nature thereof and the proposed response thereto, and (y) demonstrating in reasonable detail compliance as at the end of such Fiscal Year or such fiscal quarter with Section 6.1(h) and Sections 6.2(a) through 6.2(e);

Appears in 2 contracts

Samples: Loan Facility Agreement and Guaranty (Ruby Tuesday Inc), Loan Facility Agreement and Guaranty (Ruby Tuesday Inc)

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No Default/Compliance Certificate. Together with the financial --------------------------------- statements required pursuant to subsections (i) and (ii) above, a certificate of the treasurer or chief financial officer of Sponsor Borrower (xA) to the effect that, based upon a review of the activities of the Consolidated Companies Borrower and such financial statements during the period covered thereby, there exists no Credit Event of Default or Unmatured Credit Event under this AgreementPotential Default exists, or if there exists an Event of Default or a Credit Event or Unmatured Credit Event hereunderPotential Default exists, specifying the nature thereof and the Borrower's proposed response thereto, and (yB) demonstrating in reasonable detail compliance as at the end of such Fiscal Year or fiscal year, such fiscal quarter or such month with the applicable financial covenants set forth in Section 6.1(h) and Sections 6.2(a) through 6.2(e)6.3;

Appears in 1 contract

Samples: And Security Agreement (Crescent Banking Co)

No Default/Compliance Certificate. Together with the financial statements required pursuant to subsections subsection (i) and (ii) abovec), a certificate of the treasurer or president, chief financial officer or principal accounting officer of Sponsor the Company (xi) 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 Credit Event or Unmatured Credit Event of Default and no Default under this Agreement, or if there exists an Event of Default or a Credit Event or Unmatured Credit Event Default hereunder, specifying the nature thereof and the proposed response thereto, and (yii) demonstrating in reasonable detail compliance as at the end of such Fiscal Year fiscal year or such fiscal quarter with Section 6.1(h) and Sections 6.2(asubsections 6.8(a) through 6.2(e6.8(c);

Appears in 1 contract

Samples: Note Purchase Agreement (Consolidated Stainless Inc)

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No Default/Compliance Certificate. Together with the financial statements required pursuant to subsections Section 5.1 (ia) and (ii) aboveb), a certificate of the treasurer or chief financial officer of Sponsor Borrower (xi) to the effect that, based upon a on the review of the activities of the Consolidated Companies Borrower and such financial statements during the period covered thereby, there exists no Credit Default or Event or Unmatured Credit Event of Default under this Agreement, or if there exists a Credit Default or Event or Unmatured Credit Event of Default hereunder, specifying the nature thereof and the proposed response thereto, thereto and (yii) demonstrating in reasonable detail compliance as at of the end of such Fiscal Year or such fiscal quarter Fiscal Quarter with Section 6.1(h) 5.12, Sections 6.1 through 6.5 and Sections 6.2(a) through 6.2(e);Section 6.13.

Appears in 1 contract

Samples: Credit Agreement (National Health Realty Inc)

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