Common use of Certificate of the Borrowers Clause in Contracts

Certificate of the Borrowers. The Lender shall have received a certificate at Closing from the Presidents of the Borrowers and the Executive Vice President - Corporate Development, Finance and Administration of Krispy Kreme and the Vice President or Treasurer of each other Borrower, in form and substance satisfactory to the Lender, to the effect that, to the best of their knowledge: (i) all representations and warranties of the Borrowers contained in this Agreement and the other Loan Documents are true, correct and complete; (ii) neither the Borrowers nor their Subsidiaries are in violation of any of the covenants contained in this Agreement or the other Loan Documents; (iii) after giving effect to the transactions contemplated by this Agreement, no Default or Event of Default has occurred; and (iv) the Borrowers and their Subsidiaries, if applicable, have satisfied each of the other closing conditions set forth in this Agreement.