Payment Extension Certificate definition

Payment Extension Certificate means the applicable Seller’s written certification to Buyer delivered pursuant to Section 3(e) or Section 4(a), duly executed by an authorized officer of such Seller, certifying to Buyer that (A) it does not have sufficient available funds on hand to pay the full amount of the payment obligation in respect of which the Payment Extension Certificate is being delivered, and (B) it either (x) does not have a liquidity or subscription facility available to it under which it could draw funds or (y) does have a liquidity or subscription facility available to it but does not have sufficient availability thereunder to pay the full amount owing of the payment obligation in respect of which the Payment Extension Certificate is being delivered.
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Payment Extension Certificate means Seller’s written certification to Administrative Agent duly executed by an authorized officer of Seller, certifying to Administrative Agent that (i) it has paid to Administrative Agent Available Cash on hand in payment of the Margin Deficit or the applicable Repurchase Price in respect of which the Payment Extension Certificate is being delivered, and (ii) as of the date of such Payment Extension Certificate, it and each applicable Guarantor has duly delivered a funding notice under its liquidity facility or its subscription credit facility or a capital call notice to its direct or indirect investors (annexing a copy of such funding notice or capital call notice) for an amount sufficient to pay the remaining amount owing of the applicable Margin Deficit or Repurchase Price in respect of which the Payment Extension Certificate is being delivered.
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Payment Extension Certificate means the applicable Seller’s written certification to Buyer delivered pursuant to Section 3(e), Section 3(s) or Section 4(a), duly executed by an authorized officer of such Seller, certifying to Buyer that (A) it does not have sufficient available funds on hand to pay the full amount of the payment obligation in respect of which the Payment Extension Certificate is being delivered, and (B) as of the date of such Payment Extension Certificate, it has duly delivered a funding notice under its liquidity facility for an amount sufficient to pay the remaining amount owing of the payment obligation in respect of which the Payment Extension Certificate is being delivered.
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More Definitions of Payment Extension Certificate

Payment Extension Certificate means Seller’s written certification to Purchaser delivered pursuant to Article 3(d)(ii) or Article 4(b), duly executed by an authorized officer of Seller, certifying to Purchaser that (i) it has paid to Purchaser all available funds (available to it and Guarantor, and, in each case, other than Allocated Cash) on hand in payment of the payment obligation in respect of which the Payment Extension Certificate is being delivered, and (ii) as of the date of such Payment Extension Certificate, it and Guarantor have duly delivered a funding notice under its liquidity facility or its subscription credit facility or have provided notice to all relevant parties as to application of incoming subscription amounts (annexing a copy of such funding notice or subscription amount notice) for an amount sufficient to pay the remaining amount owing of the payment obligation in respect of which the Payment Extension Certificate is being delivered. Any remaining amounts owing, in respect of such payment obligation and subject to any such Payment Extension Certificate shall increase the Guarantor’s Guaranteed Obligations (as defined in the Guaranty), in accordance with the terms and conditions of Article II(a) of the Guaranty until such remaining amounts have been paid in full.
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Related to Payment Extension Certificate

  • Completion Certificate means the certificate to be issued by the Engineer-in- Charge when the work/s have been completed to his satisfaction as per terms of the contract.

  • Satisfaction Certificate means the certificate materially in the form of the document contained in the Appendix to schedule 4 granted by the Customer when the Supplier has Achieved a Milestone;

  • Participation Certificate means the original participation certificate, if any, that was executed and delivered in connection with a Participation Interest.

  • Final Completion Certificate has the meaning set forth in Section 11.6.

  • Allocation Certificate has the meaning set forth in Section 1.12(b).

  • Inspection Certificate means a report prepared by an independent authority or third party assessor who is qualified by experience and/or education to declare the Produce unfit for human consumption, unsuitable for sale or not meeting a particular specification or standard.

  • Substantial Completion Certificate means the certificate issued and approved by the Authority indicating the date upon which the Trade Contractor Work (or a designated portion thereof) is Substantially Complete.

  • Supplemental Perfection Certificate means a certificate substantially in the form of Exhibit G or any other form approved by the Administrative Agent.

  • Payment Date Certificate has the meaning set forth in Section 8.03(a) of the Indenture.

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

  • Option Certificate means the certificate, substantially in the form set out as Schedule “A” hereto, evidencing an Option;

  • Construction Completion Certificate means a certificate of the I-Bank to the effect that the construction of the Project is complete.

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

  • Payment Schedule ’ means a schedule which sets out—

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Disbursement Schedule means the disbursement schedule as set out in an FAA;

  • Occupation Certificate means any occupation certificate as referred to in s 6.4 of the Act in respect of the Development Consent;

  • Payment Date Report has the meaning assigned to such term in Section 8.07(b).

  • Information Certificate means the Information Certificate of Borrower constituting Exhibit A hereto containing material information with respect to Borrower, its business and assets provided by or on behalf of Borrower to Lender in connection with the preparation of this Agreement and the other Financing Agreements and the financing arrangements provided for herein.

  • Payment/Advance Form is that certain form attached hereto as Exhibit B.

  • Tax Exemption Certificate means the Tax Exemption Certificate approved under the terms of this Resolution and to be executed by the Treasurer and delivered at the time of issuance and delivery of the Notes.

  • 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.

  • Early Payment Date (k) means the "Early Payment Date (k)" as specified in § 1 of the Product and Underlying Data.

  • Exemption Certificate is defined in clause (e) of Section 4.6.

  • Payment Date Advance Reimbursement has the meaning set forth in Section 8.03(a)(iii)(A) of the 20[•]-[•] Servicing Supplement.

  • Closing Date Certificate means a Closing Date Certificate substantially in the form of Exhibit F-1.