Common use of Borrowing Base Certificate and Investment Report Clause in Contracts

Borrowing Base Certificate and Investment Report. The applicable Borrower will provide an updated Borrowing Base Certificate and an Investment Report certified by a Responsible Officer of such Borrower to be true and correct in all material respects setting forth a calculation of the Available Commitment in reasonable detail at each of the following times: (i) on the twentieth (20th) day of each calendar month for the preceding month; (ii) in connection with any new Borrowing; (iii) with notice of the issuance of any Capital Calls by such Borrower to the Investors, within five (5) Business Days of such Capital Call; (iv) concurrently with notice of any distribution that gives rise to Recallable Capital in accordance with Section 8.1(k); (v) within five (5) Business Days following any Exclusion Event; (vi) within five (5) Business Days after acquiring knowledge that any Eligible Asset no longer meets the criteria of being an Eligible Asset; and (vii) within five (5) Business Days of any Borrower having knowledge of any other event that reduces the Available Commitment (such as, by way of example, a deemed capital contribution).

Borrowing Base Certificate and Investment Report. The applicable Borrower will provide an updated Borrowing Base Certificate and an Investment Report certified by a Responsible Officer of such Borrower to be true and correct in all material respects setting forth a calculation of the Available Commitment in reasonable detail at each of the following times: (i) on the twentieth (20th) day of each calendar month for the preceding month; (ii) in connection with any new Borrowing; (iii) with notice of the issuance of any Capital Calls by such Borrower to the Investors, within five (5) Business Days of such Capital Call; (iv) concurrently with notice of any distribution that gives rise to Recallable Capital in accordance with Section 8.1(k); (v) within five (5) Business Days following any Exclusion Event; (vi) within five (5) Business Days after acquiring knowledge that any Eligible Asset no longer meets the criteria of being an Eligible Asset; and (vii) in connection with any Proposed Asset Transfer pursuant to Section 9.20; and (viii) within five (5) Business Days of any Borrower having knowledge of any other event that reduces the Available Commitment (such as, by way of example, a deemed capital contribution).