Collateral Compliance Certificate definition

Collateral Compliance Certificate shall have the meaning set forth in Section 9.01(f).
Sample 1Sample 2
Collateral Compliance Certificate means a certificate substantially in the form set out in Schedule 4 (Form of Collateral Compliance Certificate).
Sample 1Sample 2
Collateral Compliance Certificate shall have the meaning set forth in Section 9.1(e). “Consigned Copper” means Copper which has been consigned to a Customer pursuant to the Consignment Facility. “Consigned Metal” means Metal which has been consigned to a Customer pursuant to the Consignment Facility. “Consignment” means a consignment or lease of Metal by the Metal Lender to a Customer under the Consignment Facility. “Consignment Facility” means the facility established pursuant to Article 2 hereof, whereby a Customer may request Consignments of Metal from the Metal Lender. “Consignment Facility Indebtedness” means the value (as determined in accordance with Section 2.2 hereof) of all Consigned Metal plus any unpaid purchase price for Consigned Metal that has been withdrawn from Consignment and is required to be purchased under the Consignment Facility. “Consignment Limit” means, with respect to all Metal, the lesser of: (i) $150,000,000 minus the then current Copper Consignment Facility Indebtedness (if any); and (ii) the value (as determined in accordance with Section 2.2 hereof) of the Customers’ Inventory of Metal (including any Metal obtained or, at the time of determination, proposed to be obtained, by a Customer pursuant to this Agreement) at Approved Locations or in transit between any Approved Locations which is (A) not outstanding on consignment, loan or lease to the Customers from Approved Consignors under Permitted Metals Agreements, and (B) is free and clear of all Liens other than Permitted Metal Liens. “Consolidated” or “consolidated” means, wherever used in conjunction with a financial statement, covenant or definition, such financial statement, covenant or definition shall (unless otherwise -4-
Sample 1

Examples of Collateral Compliance Certificate in a sentence

  • A Collateral Compliance Certificate to be delivered on any Test Date falling within paragraph (b) of the definition of “Test Date” need only be certified by the Custodian and not by the Borrowers, and the Borrowers shall accept such certification as being true, accurate and binding upon them.

  • The relevant Borrower shall procure the delivery of an updated Collateral Compliance Certificate evidencing that it is in compliance with its obligations under Clause 19.1 above to the Issuing Bank on or before the expiry of that two (2) Business Day period.

  • In the event that the Issuing Bank fails to deliver an Outstanding LC Certificate in accordance with Clause 19.3 or Clause 19.4 above, the Borrowers shall procure that the Custodian will perform the calculations set out in the relevant Collateral Compliance Certificate in accordance with the most recent Outstanding LC Certificate delivered by the Issuing Bank.


More Definitions of Collateral Compliance Certificate

Collateral Compliance Certificate has the meaning assigned to such term in Section 5.1(e);
Sample 1

Related to Collateral Compliance Certificate

  • Compliance Certificate means a certificate substantially in the form of Exhibit D.

  • Tax Compliance Certificate as defined in Section 5.9.2(b)(iii).

  • Covenant Compliance Certificate means a properly completed and executed Covenant Compliance Certificate substantially in the form of Exhibit X hereto.

  • U.S. Tax Compliance Certificate has the meaning specified in Section 3.01(e)(ii)(B)(III).

  • Officer’s Compliance Certificate means a certificate of the chief financial officer or the treasurer of the Borrower substantially in the form attached as Exhibit F.

  • Pro Forma Compliance Certificate means a certificate of a Responsible Officer of the Borrower containing reasonably detailed calculations of the financial covenants set forth in Section 8.11 recomputed as of the end of the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b) after giving effect to the applicable transaction on a Pro Forma Basis.

  • Quarterly Compliance Certificate has the meaning specified in Section 4.1(d) of the Base Indenture.

  • Performance Certificate means the certificate issued under Sub-Clause 11.9 [Performance Certificate].

  • Tax Clearance Certificate means a tax clearance certificate issued by the South African Revenue Services (SARS) confirming that the natural or juristic person is a registered tax payer.

  • Borrowing Base Certificate means a certificate, signed and certified as accurate and complete by a Financial Officer of the Borrower Representative, in substantially the form of Exhibit C or another form which is acceptable to the Administrative Agent in its sole discretion.

  • Acceptance Certificate (11/18) means a written instrument by which the City notifies Contractor that a Deliverable has been Accepted or Accepted with exceptions, and Acceptance Criteria have been met or waived, in whole or in part.

  • Performance Certification As defined in Section 11.05.

  • Final Acceptance Certificate means the certificate that shall be issued by the Engineer to the Contractor upon the satisfactory completion of the contract by the Contractor.

  • United States Tax Compliance Certificate has the meaning specified in Section 3.01.

  • energy performance certificate means a certificate which complies with regulation 6 of the Energy Performance of Buildings (Scotland) Regulations 2008,

  • Release Certificate means a Release Certificate in the form attached to this Appendix "C" as Schedule 2 executed by a duly authorized officer of the Custodian and delivered by the Custodian to the applicable Fund by facsimile transmission or in such other manner as such Fund and the Custodian may agree in writing.

  • Responsible Officer Certification means, with respect to the financial statements for which such certification is required, the certification of a Responsible Officer of the Borrower that such financial statements fairly present, in all material respects, in accordance with GAAP, the consolidated financial condition of the Borrower as at the dates indicated and its consolidated income and cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments.

  • Collateral Report means any certificate (including any Borrowing Base Certificate), report or other document delivered by any Grantor to the Administrative Agent or any Lender with respect to the Collateral pursuant to any Loan Document.

  • Perfection Certificate Supplement means a certificate supplement in the form of Exhibit L-2 or any other form approved by the Collateral Agent.

  • License Certificate means evidence of a license provided by Licensor to Licensee in electronic or printed form.

  • Collateral Quality Test means a test that is satisfied if, as of any date of determination, in the aggregate, the Collateral Loans owned (or in relation to a proposed acquisition of a Collateral Loan, both owned and proposed to be owned) by the Borrower satisfy each of the tests set forth below, calculated in each case in accordance with Section 1.3:

  • Financial Officer Certification means, with respect to the financial statements for which such certification is required, the certification of the chief financial officer of Company that such financial statements fairly present, in all material respects, the financial condition of Company and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments.

  • Collateral Quality Tests means the Collateral Quality Tests set out in the Investment Management Agreement being each of the following:

  • Servicing Certificate A certificate completed and executed by a Servicing Officer on behalf of the Master Servicer in accordance with Section 4.01 of the Servicing Agreement.

  • Collateral Coverage Ratio means (i) the aggregate value of any relevant collateral security, including the pro rata value of any shared collateral, divided by (ii) the outstanding aggregate principal amount of the relevant debt.

  • Collection Report means the monthly report prepared by the Primary Servicer setting forth, with respect to each Mortgage Loan and the most recently ended Collection Period prior to the due date of such report, the information described on Exhibit G attached hereto.