Initial Borrowing Base Certificate definition

Initial Borrowing Base Certificate has the meaning set forth in Section 5.2.1(a)(i).
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Initial Borrowing Base Certificate means the initial Borrowing Base Certificate delivered hereunder setting forth Lead Borrower’s calculation of the Borrowing Base in accordance with clauses (a) through (e) of the definition thereof as of the last Business Day of the most recent fiscal month ended at least 20 days prior to the date of the Closing Date or the Closing Borrowing Base Termination Date, as applicable.
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Initial Borrowing Base Certificate means a certificate showing the calculation of the Borrowing Base as of August 31, 2009, together with all attachments and supporting documentation in form and substance reasonably satisfactory to the Instructing Group and certified as true, correct and complete in all material respects by a Responsible Officer of the Borrower.
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Examples of Initial Borrowing Base Certificate in a sentence

  • The Initial Borrowing Base Certificate in form and substance satisfactory to the Administrative Agent.

  • The Administrative Agent shall have received the most recent Borrowing Base Certificate, as required under Section 5.03(m), except that the Initial Borrowing Base Certificate shall be delivered no later than the Closing Date.

  • There are no Permits required by the Borrower or any applicable Project Company under any Governmental Rule, including any Environmental Law, as the applicable Project is currently designed and contemplated to be developed, constructed, owned, leased and operated that are or will become Applicable Permits other than the Permits described in Schedule 4.15, as updated from time to time in connection with an Initial Borrowing Base Certificate Date.

  • Initial Borrowing Base Certificate Credit Parties Borrower -------------------------------------------------------------------------------- Annex C-16 DRAFTING/ PREPARATION RESPONSIBILITY DELIVERED/ ACTION OR DOCUMENT DOC.

  • Initial Borrowing Base Certificate; Outstanding Indebtedness 110 6.14.

  • The Administrative Agent and the Co-Collateral Agents shall have received the most recent Borrowing Base Certificate, as required under Section 7.12, except that the Initial Borrowing Base Certificate shall be delivered no later than the Closing Date.

  • Initial Borrowing Base Certificate; Availability...........72 13.14.

  • Each Borrower will, within thirty (30) days after the last day of each month beginning after the delivery of the Initial Borrowing Base Certificate, deliver to Agent a duly completed Borrowing Base Certificate signed by a Responsible Officer, with aged listings of accounts receivable and accounts payable (by invoice date).

  • Each Borrowing Base Certificate submitted after the Initial Borrowing Base Certificate will reflect the actual Eligible Receivables Value, Eligible Finished Goods Value, Eligible Parts Value and Eligible Raw Materials Value as of the date as of which it is prepared.

  • Financial Statements; Pro Forma Financial Statements; Projections Payment of Fees Initial Borrowing Base Certificate; Excess Availability.


More Definitions of Initial Borrowing Base Certificate

Initial Borrowing Base Certificate shall have the meaning set forth in Section 9.2(a).
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Initial Borrowing Base Certificate means the initial Borrowing Base Certificate to be delivered to the Agent prior to the Closing Date pursuant to Section 7.5 hereof.
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Initial Borrowing Base Certificate means that certain Borrowing Base Certificate to be delivered as described in Section 7.2.
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Initial Borrowing Base Certificate means the first Borrowing Base Certificate delivered by the Borrower Agent to the Agents pursuant to Section 6.01(e) after completion of the Required Audit and Appraisal.
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Initial Borrowing Base Certificate shall have the meaning assigned to such term in Section 5.01(d).
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Related to Initial Borrowing Base Certificate

  • Borrowing Base Certificate means a certificate, signed and certified as accurate and complete by a Financial Officer of the Borrower Representative, in substantially the form of Exhibit C or another form which is acceptable to the Administrative Agent in its sole discretion.

  • Borrowing Base Report means a report in substantially the form of Exhibit E (or such other form approved by Administrative Agent) certified by a Responsible Officer of Borrower.

  • New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).

  • Borrowing Certificate means a Borrowing Certificate substantially in the form of Exhibit A.

  • Release Certificate means a Release Certificate in the form attached to this Appendix "C" as Schedule 2 executed by a duly authorized officer of the Custodian and delivered by the Custodian to the applicable Fund by facsimile transmission or in such other manner as such Fund and the Custodian may agree in writing.

  • Compliance Certificate means a certificate substantially in the form of Exhibit D.

  • Borrowing Base Test means a test that will be satisfied on any date of determination if the following is true: Where: AR =57%.

  • Pro Forma Compliance Certificate means a certificate of a Responsible Officer of the Borrower containing reasonably detailed calculations of the financial covenants set forth in Section 8.11 recomputed as of the end of the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b) after giving effect to the applicable transaction on a Pro Forma Basis.

  • Borrowing Base means, at any time of calculation, an amount equal to:

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Borrowing Base Amount means:

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Proposed Borrowing Base Notice has the meaning assigned to such term in Section 2.07(c)(ii).

  • CREFC® Loan Level Reserve/LOC Report The monthly report in the “CREFC® Loan Level Reserve/LOC Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • CMSA Loan Level Reserve/LOC Report means the monthly report substantially in the form of, and containing the information called for in, the downloadable form of the "Loan Level Reserve/LOC Report" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • CREFC® Advance Recovery Report A monthly report substantially in the form of, and containing the information called for in, the downloadable form of the “Advance Recovery Report” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Perfection Certificate Supplement means a certificate supplement in the form of Exhibit L-2 or any other form approved by the Collateral Agent.

  • Closing Date Certificate means a Closing Date Certificate substantially in the form of Exhibit G-1.

  • Borrowing Base Value means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.

  • Borrowing Base Assets means any Loan Party’s Inventory and Receivables and other assets directly related thereto, including documents, instruments, general intangibles, deposit accounts and the proceeds of all of the same.