Covenant Compliance Certificate

This compliance certificate is delivered to you pursuant to section 51i clause c of section 71 of the senior secured credit agreement dated as of february 2000 as amended restated supplemented or otherwise modified from time to time the credit agreement among the titan corporation a delaware corporation the. Covenant compliance certificate means a certificate signed by the chief executive officer chief financial officer chief accounting officer treasurer or other responsible officer of capital certifying that the obligors are in compliance with all covenants under the loan documents including the financial covenants and with all financial covenants under all other debt facilities demonstrating. Additional content available upon purchase.

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Loan And Security Agreement This Loan And Security Agreement

Exhibit

Loan Agreement Final W1540274 Docx 1

Covenant compliance certificate means a certificate executed by a principal officer of the company containing a calculation of the financial covenants contained in section 7 below and certifying that no default or event of default has occurred substantially in the form of exhibit b attached hereto.

Covenant compliance certificate. This form is a financial covenants compliance certificate to be used in connection with the borrowers financial reporting requirements under a loan agreement. We would like to show you a description here but the site wont allow us. The borrower is periodically required to submit to the lender a certificate stating the details of the financial covenants contained in the loan agreement and that it is in compliance with those covenants for the relevant reporting. This can help maintain both the covenants and a friendly relationship with homeowners while possibly saving the association money.

These tips will help increase covenant compliance reduce the number of violations and build the relationship between homeowners and board members. Glossarycompliance certificaterelated contenta certificate accompanying the financial statements given by a borrower to a lender usually annually and semi annually under the terms of a facility agreementthe form of certificate is usually attached to the facility agreement as a schedule. Cfo review procedure before signing the certification letter a resolution report analyzing possibleactual compliance exceptions financial covenant analysis and permitted baskets schedules both actuals and forecasts 10at least annual presentations on debt compliance to the audit.