Common use of Monthly Certificate Clause in Contracts

Monthly Certificate. As soon as available and in any event within 15 days after the end of each month, a certificate of a Financial Officer of the Borrower, in form and substance satisfactory to the Lead Arranger and the Administrative Agent, demonstrating that the aggregate of (i) 85% of the book value of the accounts receivable, (ii) 50% of the book value of the inventory and (iii) the lesser of (x) 50% of the book value of the property, plant and equipment (in each case as such book value is determined in accordance with GAAP) of the Loan Parties and (y) $100 million exceeds the aggregate principal amount outstanding under the Revolving Credit Facility.