This excerpt taken from the LPX 10-K filed Mar 11, 2005.
[date] [fill in date that is at least 60 days following the date of this notice] (the Collateral Release Date).
Unless otherwise defined herein, terms defined in the Credit Agreement shall have the same meanings when used herein.
The undersigned hereby certifies that the following statements are and will be true on the Collateral Release Date:
(A) the representations and warranties contained in the Credit Agreement are and will be true and correct in all material respects, both before and after giving effect to this Cash Collateral Release Notice on the Collateral Release Date, with the same effect as though such representations and warranties had been made on and as of such date (it being understood that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct only as of such specified date);
(B) no Default or Event of Default has occurred and is continuing, or will result from giving effect to this Cash Collateral Release Notice (for the avoidance of doubt, the determination of the existence of a Default or Event of Default immediately after the Collateral Release Date shall take into account the effectiveness of the covenants set forth in Section 6 which are effective only during the No Collateral Period as well as those covenants set forth in Section 6 which are effective at all times during the term of the Credit Agreement); and
(C) for the twelve month period immediately preceding the Collateral Release Date, (A) the Consolidated Leverage Ratio for such period was less than or equal to 2.50 to 1.00 as demonstrated on Exhibit 1 hereto and (B) the Consolidated Interest Coverage Ratio for such period was greater than or equal to 4.25 to 1.00 as demonstrated on Exhibit 1 hereto.
IN WITNESS WHEREOF, the undersigned has executed this Cash Collateral Release Notice as of the date first written above.