Common use of Solvency Certificate; Insurance Certificates, etc Clause in Contracts

Solvency Certificate; Insurance Certificates, etc. On the Effective Date, the Administrative Agent shall have received: (i) a solvency certificate from the chief financial officer of the Borrower in the form of Exhibit I; and (ii) certificates of insurance complying with the requirements of Section 9.03 for the business and properties of the Borrower and its Subsidiaries, in form and substance reasonably satisfactory to the Administrative Agent and naming the Collateral Agent as an additional insured and/or as loss payee, and stating that such insurance shall not be canceled without at least 30 days’ prior written notice by the insurer to the Collateral Agent.

Appears in 2 contracts

Samples: Credit Agreement (Shuffle Master Inc), Credit Agreement (Shuffle Master Inc)

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Solvency Certificate; Insurance Certificates, etc. On the Effective Initial Borrowing Date, the Administrative Agent shall have received: (i) a solvency certificate from the chief financial officer of the Borrower in the form of Exhibit IJ hereto; and (ii) certificates of insurance complying with the requirements of Section 9.03 8.03 for the business and properties of the Borrower Holdings and its Subsidiaries, in form and substance reasonably satisfactory to the Administrative Agent and naming the Collateral Agent as an additional insured and/or as loss payee, and stating that such insurance shall not be canceled without at least 30 days’ prior written notice by the insurer to the Collateral Agent.

Appears in 1 contract

Samples: Credit Agreement (Bway Corp)

Solvency Certificate; Insurance Certificates, etc. On the Effective Date, the Administrative Agent shall have received: (i) a solvency certificate from the chief financial officer an Authorized Officer (with actual knowledge of the Borrower financial affairs of such entities) of each of the Parent Guarantors in the form of Exhibit IJ hereto; and (ii) certificates of insurance complying with the requirements of Section 9.03 for the business and properties of the Borrower and its SubsidiariesObligors, in form and substance reasonably satisfactory to the Administrative Agent and naming the Collateral Security Agent as an additional insured and/or as loss payee, and stating that such insurance shall not be canceled without at least 30 days’ prior written notice by the insurer to the Collateral Security Agent.

Appears in 1 contract

Samples: Syndicated Facility Agreement (Toys R Us Inc)

Solvency Certificate; Insurance Certificates, etc. On the Effective Closing Date, the Administrative Agent shall have received: (i) a solvency certificate from the chief financial officer or president of the Borrower each of Holdings and Parent in the form of Exhibit IH hereto; and (ii) certificates of insurance complying with the requirements of Section 9.03 10.03 for the business and properties of the Borrower Holdings and its Subsidiaries, in form and substance reasonably satisfactory to the Administrative Agent and naming the Collateral Agent as an additional insured and/or as loss payee, and stating that such insurance shall not be canceled or materially revised without at least 30 days’ prior written notice by the insurer to the Collateral Agent.

Appears in 1 contract

Samples: Credit Agreement (STG Group, Inc.)

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Solvency Certificate; Insurance Certificates, etc. On the Effective Initial Borrowing Date, the Administrative Agent shall have received: (i) a solvency certificate from the chief financial officer of the Borrower Holdings in the form of Exhibit IJ hereto; and (ii) certificates of insurance complying with the requirements of Section 9.03 8.03 for the business and properties of the Borrower Holdings and its Subsidiaries, in form and substance reasonably satisfactory to the Administrative Agent and naming the Collateral Agent as an additional insured and/or as loss payee, and stating that such insurance shall not be canceled without at least 30 days’ prior written notice by the insurer to the Collateral Agent.

Appears in 1 contract

Samples: Credit Agreement (Bway Corp)

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