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

Solvency Certificate; Insurance Certificates, etc. On the Funding Date, the Administrative Agent shall have received: (i) a solvency certificate from the chief financial officer of Parent in the form of Exhibit J hereto; (ii) certificates of insurance complying with the requirements of Section 7.03 for the business and properties of Parent 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; and (iii) if requested by the Administrative Agent, environmental and hazardous substance analyses with respect to the Real Property of Parent and its Subsidiaries in scope, form and substance reasonably acceptable to the Administrative Agent and the Required Lenders, together with a satisfactory reliance letter addressed to the Administrative Agent and the Lenders.

Appears in 2 contracts

Samples: Credit Agreement (SAExploration Holdings, Inc.), Credit Agreement (SAExploration Holdings, Inc.)

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Solvency Certificate; Insurance Certificates, etc. On the Funding Initial Borrowing Date, the Administrative Agent shall have received: (i) a solvency certificate from the chief financial officer of Parent the Borrower in the form of Exhibit J hereto; (ii) certificates of insurance complying with the requirements of Section 7.03 8.03 for the business and properties of Parent 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 or materially revised without at least 30 days' prior written notice by the insurer to the Collateral Agent; and (iii) if requested by the Administrative any Agent, environmental and hazardous substance analyses with respect to the Real Property of Parent and its Subsidiaries the Borrower in scope, form and substance reasonably acceptable to the Administrative Agent and the Required Lenders, together with a satisfactory reliance letter addressed to the Administrative Agent and the Lenders.

Appears in 1 contract

Samples: Credit Agreement (Nuco2 Inc /Fl)

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Solvency Certificate; Insurance Certificates, etc. On the Funding Effective Date, the Administrative Agent shall have received: (i) a solvency certificate from the chief financial officer of Parent Holdings in the form of Exhibit J H hereto; (ii) certificates of insurance complying with the requirements of Section 7.03 9.03 for the business and properties of Parent 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; and (iii) if requested by the Administrative Agent, environmental and hazardous substance analyses with respect to the Real Property of Parent Holdings and its Subsidiaries in scope, form and substance reasonably acceptable to the Administrative Agent and the Required Lenders, together with a satisfactory reliance letter addressed to the Administrative Agent and the Lenders.

Appears in 1 contract

Samples: Syndicated Facility Agreement (Acco Brands Corp)

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