Common use of Monthly Certificate Clause in Contracts

Monthly Certificate. Within fifteen (15) days after the end of each fiscal month, commencing with March 2023, a certificate of a Responsible Officer of Borrower (in the form annexed hereto as Exhibit D), certifying compliance with Section 8.18 for such month and setting forth a calculation of (i) the Hash Rate performed by the Borrower for such month, (ii) Net Monthly Cash Flow (together with back-up detail and calculation thereof) for such month, (iii) Liquidity for each day of such month and (v) the SG&A for such month.

Appears in 2 contracts

Sources: Loan, Guaranty and Security Agreement (Hut 8 Corp.), Loan, Guaranty and Security Agreement (Hut 8 Corp.)