EXHIBIT B
COMPLIANCE CERTIFICATE
TO: COBANK, ACE
FROM: PENNICHUCK EAST UTILITY, INC.
BATE: , 2b
SUBJECT: COMPLIANCE CERTIFICATE FOR FISCAL PERIOD ENDING ON
20.
Reference is hereby tmade to that certain Master Loan Agreement dated as of February 9, 20°0 {the
“Cred Agreement’), between PENNICHUCK EAST UTILITY, INC, (the “Company’) and
COBANK, ACB (“Lender”). Capitalized terms used in th's certificate and not defined here: shall have
the niganings given to thase terms in the Credit Agreement.
1am the __.....) of the Company and am furnishing this Certificate
youl pursuant to Section 3.06(C} of the Cred Agreement
Attached hereto are cre aanual financial statements required bs Section 5.06{A} of the Credit Agreement.
The undersigned hereby certifies thar the annual financial statements present fairly, in all material
respects. the Financial conditions and results of operations of the Company in accordance with GAAP
consistently applied (or the appropriate standards of the regulatory agency having jurisdiction over the
Comopany, if any’.
In addition to the above, attached hereto is a certificate calculating the financial covenants set forth in
Article 7 of the Credit Agreement, ‘fhe undersigned hereby certifies that the financial covenants were
calcuiated in a manner consistent with the requirements of the Credit Agreement.
thereby certify that a review in reasonable detai! of the activities of Company during the period coversd
by the financial statements attached hereto has been made ar caused to be made under my supervision
and that [pivs2 cheek aac of che following boxes aed af tie second hos caecaed, complet the information reniuersd
therennder |:
{ | Such review has not disclosed the existence during or at the ond of the period covered
by the Mnancial statements of any condition or event which constitutes a Default or an Event of Defaule:
[ i Such review has disclased the existence of the fellewing Default(s} and or Event(s) of
Default [spec the nature ane period of existenee thereaf and what actan He Company Aas tikes is fexeng and prop sses ta
tant uate resent berets]?
‘
{Signature}
{Print Name}
Chict tsnanetal Officer
{Title}
* bust be trom ine Cork F carcial OF cer
