Examples of Net Earnings Certificate in a sentence
Each such Net Earnings Certificate shall contain a statement of the signers of such Net Earnings Certificate that, in the opinion of such signers, the allocations made in the calculations of “Adjusted Net Earnings of the Company” as set forth in such Net Earnings Certificate are in accordance with the requirements of this final paragraph of this Section 1.03.
Upon any application by the Company for the authentication and delivery of Bonds under any of the provisions of this Article II, the Company may execute and deliver to the Trustee the full aggregate principal amount of Bonds to which it is entitled under the provisions of the section under which application is made, without regard to the net earnings of the Company as evidenced by the Net Earnings Certificate required to be submitted by the provisions of such section.
Notwithstanding Section 1.04 or any other provision of the Mortgage Indenture, the Net Earnings Certificate delivered in connection with the initial issuance of Bonds on the Closing Date shall be made and signed by an Accountant if it is not signed by an independent public accountant.
The remaining Bonds shall be reserved by the Trustee and shall from time to time thereafter in whole or in part be delivered upon receipt by the Trustee of a Net Earnings Certificate in the form required by the provisions of the section under which said Bonds were authenticated, evidencing net earnings sufficient to entitle the Company to the authentication and delivery of the Bonds then applied for.
Pursuant to the resolutions adopted by the Sole Manager of the Company by written consent on May 6, 2016, Robert McRae, Assistant Treasurer, has been named an Authorized Officer, as defined under the Indenture, including for purposes of executing the Net Earnings Certificate.