Supporting Calculations Clause Samples
The Supporting Calculations clause requires parties to provide detailed mathematical or financial computations that justify or explain amounts claimed or owed under the agreement. In practice, this means that if a party submits an invoice, claim, or adjustment, they must also include the underlying calculations, such as formulas, data sources, or step-by-step breakdowns, to substantiate the figures presented. This clause ensures transparency and allows the other party to verify the accuracy of amounts, thereby reducing disputes and misunderstandings related to financial obligations.
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Supporting Calculations. Attached hereto as Appendix I are all relevant calculations needed to determine the foregoing, including as to the calculation of Unencumbered Asset Value. MPT OPERATING PARTNERSHIP, L.P. By: Name: Title: THE UNDERSIGNED HEREBY CERTIFIES SOLELY IN HIS CAPACITY AS AN OFFICER OF [LOAN PARTY NAMED HEREIN] AND ON BEHALF OF [LOAN PARTY] IN ITS CAPACITY AS [ ] OF [ ] AS FOLLOWS:
1. I am a [ ] of [Loan Party], a [ ] [entity] (“ ”).
Supporting Calculations. Attached hereto as Appendix I are all relevant calculations needed to determine the foregoing, including as to the calculation of Unencumbered Asset Value. MPT OPERATING PARTNERSHIP, L.P. By: Name: Title: * To be included only if it is being delivered pursuant to Section 6.2 of the Credit Agreement THE UNDERSIGNED HEREBY CERTIFIES SOLELY IN HIS CAPACITY AS AN OFFICER OF [LOAN PARTY NAMED HEREIN] AND ON BEHALF OF [LOAN PARTY] IN ITS CAPACITY AS [____________] OF [_____________] AS FOLLOWS:
1. I am a [______________________] of [Loan Party], a [_______________] [entity] (“______________”).
Supporting Calculations. No later than 30 days after the end of ----------------------- each fiscal month set forth in a) or b) above, Holdings shall deliver a certificate of its chief financial officer setting forth the calculations required to establish whether Holdings and the Borrower were in compliance with the provisions of this Section 2 as at the end of such fiscal month.
Supporting Calculations. Attached hereto as Appendix I are all relevant calculations needed to determine the foregoing, including as to the calculation of Borrowing Base Value. By: Name: Title: THE UNDERSIGNED HEREBY CERTIFIES SOLELY IN HIS CAPACITY AS AN OFFICER OF [LOAN PARTY NAMED HEREIN] AND ON BEHALF OF [LOAN PARTY] IN ITS CAPACITY AS [____________] OF [____________] AS FOLLOWS:
1. I am a [________________________] of [Loan Party], a [____________] [entity] (“__________________”).
2. Reference is made to that certain Revolving Credit and Term Loan Agreement, dated as of November 30, 2007 (as it may be amended, supplemented, restated or otherwise modified from time to time, the “Credit Agreement”), by and among Medical Properties Trust, Inc., a Maryland corporation, MPT Operating Partnership, L.P., a Delaware limited partnership, the several banks and other financial institutions or entities from time to time parties to the Credit Agreement, Keybank National Association, as syndication agent, and JPMorgan Chase Bank, NA., as administrative agent. All capitalized terms used herein without definition shall have the meanings ascribed to them in the Credit Agreement.
3. I have reviewed the terms of Section 5 of the Credit Agreement and the definitions and provisions contained in such credit agreement relating thereto, and in my opinion I have made, or have caused to be made under my supervision, such examination or investigation as is necessary to enable me to express an informed opinion as to the matters referred to herein.