Common use of Statements of Officers of the Company as to Default Clause in Contracts

Statements of Officers of the Company as to Default. The Company shall upon receiving a written request from any Holder delivered to the Company and the Purchase Contract Agent within 90 days after the end of any fiscal year of the Company (which fiscal year currently ends on December 31 of each year), deliver to the Purchase Contract Agent, within 120 days of the end of such fiscal year of the Company, an Officer’s Certificate stating whether or not to the knowledge of the signer thereof the Company is in default in the performance and observance of any of the terms, provisions and conditions of this Agreement, the Units or the Purchase Contracts in any material respect and if the Company shall be in default in any material respect, specifying all such defaults and the nature and status thereof of which the signer may have knowledge.