Pricing Certificate Clause Samples
A Pricing Certificate clause requires a party, typically the seller or contractor, to formally certify that the prices charged under a contract are accurate, complete, and in accordance with agreed terms. In practice, this may involve submitting a signed document confirming that no hidden costs or undisclosed discounts have been applied, and that all pricing information provided is truthful and transparent. The core function of this clause is to ensure price integrity and prevent overcharging or misrepresentation, thereby protecting the interests of the buyer or client.
Pricing Certificate. At the time the financial statements are furnished pursuant to subsections (a) and (b) above, a certificate substantially in the form of Exhibit V (a "Pricing Certificate") executed by the chief financial officer of the Parent (i) setting forth as of the end of such quarterly accounting period or fiscal year, as the case may be, the calculations required to establish the ratio of Total Liabilities to Gross Asset Value (as determined in accordance with Section 10.1.) and (ii) stating the corresponding level of Applicable Margin with respect to such ratio.
Pricing Certificate. The form of the Pricing Certificate is hereby amended to read as set forth in the attachment hereto.
Pricing Certificate. As soon as available and in any event within one hundred eighty (180) days following the end of the most recent calendar year (commencing with the calendar year 2024), a Pricing Certificate for the most recently-ended calendar year; provided, that, for any calendar year the Servicer may elect not to deliver a Pricing Certificate, and such election shall not constitute a Default or Event of Default (but such failure to so deliver a Pricing Certificate shall result in the Sustainability Rate Adjustment being applied as set forth in Section 2.10(c)).
Pricing Certificate. During the period that is between 150 and 240 days following the end of each calendar year (commencing with the calendar year ending December 31, 2022), the Borrower shall deliver to the Administrative Agent, the Sustainability Structuring Agent and the Banks, a Pricing Certificate for the most recently-ended calendar year, together with a copy of the Sustainability Report and a review report of the Sustainability Assurance Provider with respect to GHG Emissions for such year; provided, that for any calendar year the Borrower may elect not to deliver a Pricing Certificate, such election shall not constitute a Default or Event of Default (but such failure to so deliver a Pricing Certificate by the end of such 150 to 240-day period shall result in the Sustainability Rate Adjustment and the Sustainability Facility Fee Adjustment being applied at the Sustainability Threshold Adjustment as set forth in Section 2.21(c)). Failure of the Borrower to deliver a Pricing Certificate within the time frame specified above shall be deemed to be an election by the Borrower to not deliver a Pricing Certificate for such period.
Pricing Certificate. Commencing with the calendar year ending December 31, 2024, within 150 days after the end of each Fiscal Year, a Pricing Certificate for the most recently ended Annual Period addressing the Certified Capacity for such calendar year; provided, however, that in any fiscal year the Operating Partnership may elect not to deliver a Pricing Certificate, and such election shall not constitute a Default or Event of Default (but such failure to so deliver a Pricing Certificate by the end of such 150-day period shall result in the Sustainability Facility Fee Adjustment and the Sustainability Margin Adjustment being applied in accordance with the terms and conditions set forth in Section 2.23).
Pricing Certificate. After January 1st of each calendar year and on or before March 31st of each calendar year (such date, the "Pricing Certificate Delivery Date") (commencing with January 1st, 2023 and March 31st, 2023, respectively), the Borrower may deliver to the Administrative Agent a Pricing Certificate for the most recently-ended calendar year.
Pricing Certificate. Prior to the Investment Grade Rating Date, at the time the financial statements are furnished pursuant to subsections (a)(i) and (a)(ii) above, a certificate in the form of Exhibit L setting forth at the end of such quarterly accounting period or fiscal year, as the case may be, (A) the calculations required to establish the ratio of Total Liabilities to Gross Asset Value and (B) stating the corresponding Level of Applicable Margin with respect to such ratio. (h) The Credit Agreement is further amended by adding the following new clause (xxii) after clause (xxi) of Section 7.1.
(a) thereof and renumbering clause (xxii) in such Section as clause (xxiii):
Pricing Certificate. Section 5.01 of the Credit Agreement is further amended to add thereto a new clause (m), to read in full as follows:
(m) as soon as available and in any event not later than the last day of February of each year, a completed Pricing Certificate as of December 31 of the prior year;"
Pricing Certificate. Together with each delivery of financial statements of Borrower and its Subsidiaries pursuant to subsections 4.6(A) above and 4.6
Pricing Certificate. Exhibit D to the Loan Agreement is hereby replaced in its entirety with Exhibit D attached hereto.