Net Worth Certification for any period shall mean a certificate of the chief financial officer or chief accounting officer of Finance, in substantially the form of Exhibit B hereto, setting forth in detail the Net Worth for such period and the calculations upon which it has been determined and containing a notice of issuance of NW Preferred Stock.
Net Worth Certification means a statement certified a certified public accountant from a nationally or regionally recognized accounting firm handling the business and personal affairs of the Developer and Guarantors (i) that the then collective net worth of the Developer and Guarantors is not less than Twelve Million Five Hundred Thousand and 00/100 Dollars ($12,500,000.00) determined in accordance with generally accepted accounting principles, consistently applied, (ii) including a summary balance sheet showing liquid assets (cash and marketable securities) of not less than $TBD and (iii) certified by the Developer and Guarantors as true, accurate and complete in all material respects.
Net Worth Certification. As defined in Article V, Section (d)(y).
Examples of Net Worth Certification in a sentence
At least thirty (30) days prior to the delivery of the Guaranty, the Guarantor shall deliver to the City Attorney current Net Worth Certification, upon which the DDA can rely.
More Definitions of Net Worth Certification
Net Worth Certification is defined in Section 7.17(b).