---
title: "US contractual covenant compliance certificate"
url: "https://ailawframework.com/precedents/banking-and-finance/us-covenant-compliance-certificate"
type: "precedent"
site: "AI Law Framework"
id: "a3-us-covenant-compliance-certificate"
area_id: "A3"
kind: "letter"
ai_level: "yellow"
version: 1
task_ids: ["A3-T1-R14", "A3-A20260923-1"]
law_stated_as_at: "2026-10-22"
---

# US contractual covenant compliance certificate

> A contractual certificate that the borrower completes against covenants extracted from the facility. It is not a statement under penalty of perjury and it does not decide a default.

Canonical page: https://ailawframework.com/precedents/banking-and-finance/us-covenant-compliance-certificate  
Law stated as at: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

- Kind: Letter. A letter or email you adapt and send.
- Practice area: [Banking & Finance](https://ailawframework.com/precedents/banking-and-finance.md)
- Jurisdictions: United States
- AI level: Yellow. You and the tool draft together, with you directing. You check every statement you rely on.
- Law stated as at: 2026-10-22
- Status: Maintained. Checked on 2026-10-22 against the authority it cites, for United States.

## When to use it

Use when the facility calls for a periodic compliance certificate and the covenants have been extracted into a monitoring table. Do not use it as a sworn statement or as a waiver.

## Used for these tasks

- [Draft a waiver, amendment or covenant-compliance certificate](https://ailawframework.com/practice/banking-and-finance/draft-a-waiver-amendment-or-covenant-compliance-certificate.md)
- [Extract the covenant package into a monitoring table](https://ailawframework.com/practice/banking-and-finance/extract-the-covenant-package-into-a-monitoring-table.md)

## How AI may be used

Yellow: the lawyer checks each figure against the facility and the source numbers before the certificate is signed.

**AI may:**

- Place each covenant the facility requires onto a row, with the clause number left blank until the lawyer inserts it.
- Leave the calculation blank for the person who has the source numbers.
- State that the certificate is a contractual statement and not a statement under penalty of perjury.

**AI must not:**

- Do not add a jurat, an oath, or the words under penalty of perjury.
- Do not certify that no default exists unless the facility requires that statement and the lawyer has confirmed the facts.
- Do not waive a breach. A waiver is a separate document.
- Do not invent a financial ratio the facility does not contain.

**The lawyer checks:**

- Match every row to a covenant in the signed facility.
- Decide who is authorised to sign, from the facility and the borrower's authority documents.
- Check the numbers against the financial statements for the period.
- If the certificate is signed electronically, decide whether § 7001(c) applies.

## Authorities

- [15 U.S.C. § 7001](https://www.law.cornell.edu/uscode/text/15/7001)

## Full text and drafting notes

The full text and the drafting notes are not part of this public page. Signed-in firm accounts can read them at https://ailawframework.com/precedents/banking-and-finance/us-covenant-compliance-certificate and through the signed-in MCP connector https://ailawframework.com/mcp/firm.

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*