Budget Compliance Certificate means a certificate of the Borrower ----------------------------- attaching the budget of the Borrower and its Subsidiaries including a reconciliation to actual financial performance for the specified period in the form of Exhibit L. ---------

Budget Compliance Certificate means a written certificate, in the form of Exhibit "H" signed by an authorized officer of the Borrowers together with a certification that (i) the proceeds of the Post-Petition Advances and Letters of Credit used during the previous week are for one of the types of expenditures set forth in the Budget and in compliance with the maximum amounts permitted to be expended thereunder for the relevant time period in accordance with the Budget, subject to any Permitted Variance, and (ii) no Default or Event of Default has occurred, or, if a Default or Event of Default has occurred, that Default or Event of Default has occurred together with the description thereof.

Budget Compliance Certificate a written certificate signed by an authorized financial officer of the Company delivered weekly to the Agent and each of the Banks stating that (a) the proceeds of the DIP Loans, Letters of Credit and Cash Collateral Loans to be used during the upcoming week are for one of the types of expenditures set forth in Section 2.4 and in compliance with the maximum amounts permitted to be expended thereunder for the relevant time period, and (b) no Termination Event has occurred, or, if a Termination Event has occurred, that a Termination Event has occurred together with a description of such Termination Event.

Examples of Budget Compliance Certificate in a sentence

As of such date, the Borrowers shall have delivered to the DIP Administrative Agent a Notice of Borrowing and Budget Compliance Certificate in form and substance acceptable to the DIP Administrative Agent.
The Post-Petition Agent shall have received the ----------------- most recent Budget Compliance Certificate required to be delivered pursuant to Section 11.1(n).
Within seven Business Days of the ------------------------------ end of each month, a Budget Compliance Certificate.
Within seven Business Days of the end of each month, a Budget Compliance Certificate.
The Agent shall have received a Loan Notice in accordance with the requirements hereof, which Loan Notice shall include, among other things, certifications as to compliance with the Agreed Budget in accordance with the terms hereof and substantially similar to those set forth in the Agreed Budget Compliance Certificate delivered on the Closing Date pursuant to Section 5.01(b)(iii).

More Definitions of Budget Compliance Certificate

Budget Compliance Certificate means a written certificate, substantially in the form of Exhibit J attached hereto and made a part hereof, which has been signed and delivered by the Chief Financial Officer to the DIP Agents and each of the DIP Lenders stating that (a) the proceeds of the DIP Loans during all prior Budget Periods were utilized in accordance with the Closing Budget, the Orders and the terms of this Agreement, (b) the proceeds of the DIP Loans to be expended during the upcoming Budget Period are for one of the types of expenditures set forth in the Closing Budget and in compliance with the maximum amounts permitted to be expended hereunder for the relevant Budget Period, and (c) no Default or Event of Default has occurred, or, if a Default or Event of Default has occurred, a description of such Default or Event of Default along with details regarding the remedial actions being undertaken.

Budget Compliance Certificate means a certificate substantially in the form of Exhibit C-1.

Budget Compliance Certificate means a written certificate, signed by an Authorized Officer of the Borrowers, delivered in accordance with Section 2.3(a)(A), Section 3.2(a), Section 5.1(a)(C) and Section 6.21(b) to Administrative Agent, which shall, inter alia, (i) reflect the Borrowers’ cash receipts, cash disbursements and net cash flow for the immediately preceding four-week period, including a comparison of such cash receipts and cash disbursements with those projected for such four-week period,(ii) identifying any variances and the relative percentage of such variance to Budget as set forth in Section 6.21 and an explanation of each such variance, (iii) confirming that the proceeds of the Loans to be used between the date of such Budget Compliance Certificate and the next Bi-Weekly Date are for one of the types of cash disbursements set forth in the Budget and in compliance with the maximum amounts permitted to be expended thereunder for the relevant time period in accordance with the Budget, subject to the variances provided herein, and (iv) certifying that no Default or Event of Default has occurred, or, if a Default or an Event of Default has occurred, that a Default or Event of Default has occurred together with the description of such Default or Event of Default.

Budget Compliance Certificate means a written certificate, in the form of Exhibit C, signed by the CRO and delivered for any weekly period as required by Section 8.01(n) to the Administrative Agent stating, inter alia, that (i) the proceeds of the Loans used during the immediately preceding week were for one of the types of expenditures set forth in Sections 8.13 and 9.21 and in compliance with the maximum amounts permitted to be expended thereunder for the relevant time period in accordance with the DIP Budget (including any usage of the Permitted Variance) or, if not, a description of such non-compliance and (ii) no Default hasoccurred, or, if a Default has occurred, that a Default has occurred together with the description of such Default.

Budget Compliance Certificate means a certificate substantially in the form ofExhibit E.

Budget Compliance Certificate means a written certificate, in the form of Exhibit C, signed by the CRO and delivered for any weekly period as required by Section 8.01(n) to the Administrative Agent stating, inter alia, that (i) the proceeds of the Loans used during the immediately preceding week were for one of the types of expenditures set forth in Sections 8.13 and 9.21 and in compliance with the maximum amounts permitted to be expended thereunder for the relevant time period in accordance with the DIP Budget (including any usage of the Permitted Variance) or, if not, a description of such non-compliance and (ii) no Default has occurred, or, if a Default has occurred, that a Default has occurred together with the description of such Default.

Budget Compliance Certificate means a written certificate, in the form of EXHIBIT C, signed by the Chief Financial Officer or the Chief Executive Officer of the Company and delivered monthly and as required by SECTION 10.1.12 to the Post-Petition Agent stating, inter alia, that (i) the Global Budget is accurate, (ii) the proceeds of the Loans and Letters of Credit used during the immediately preceding month were for one of the types of expenditures set forth in SECTIONS 10.14 and 10.30 and in compliance with the maximum amounts permitted to be expended thereunder for the relevant time period in accordance with the Global Budget (including any usage of the Permitted Variance) and (iii) no Event of Default or Unmatured Event of Default has occurred, or, if an Event of Default or Unmatured Event of Default has occurred, that an Event of Default or Unmatured Event of Default has occurred together with the description of such Event of Default or Unmatured Event of Default.