Provision and contents of Compliance Certificate. (a) The Company shall supply a Compliance Certificate to the Agent with each set of its audited consolidated Annual Financial Statements and each set of its consolidated Quarterly Financial Statements. (b) The Compliance Certificate shall, amongst other things: (i) set out (in reasonable detail) computations of the Margin and as to compliance with Clause 24 (Financial covenants); (ii) identify which members of the Restricted Group are Material Companies and confirm compliance with Clause 25.16 (Guarantors); and (iii) contain a schedule setting out (in reasonable detail) the calculations contained in the relevant Compliance Certificate. (c) Each Compliance Certificate shall be signed by two directors of the Company and, if required to be delivered with the consolidated Annual Financial Statements of the Company, shall (provided it is general practice for the Auditors to do so) be reported on by the Company’s Auditors in the agreed form between the Auditors, the Company and the Agent (acting on the instructions of the Majority Lenders) as to the proper extraction of the numbers used in the calculation of the financial covenants contained in Clause 24.2 (Financial condition).
Appears in 6 contracts
Samples: Senior Revolving Facility Agreement (Nord Anglia Education, Inc.), Amendment and Restatement Agreement (Nord Anglia Education, Inc.), Revolving Facility Agreement (Nord Anglia Education, Inc.)
