Request and Borrowing Base Certificate Clause Samples

Request and Borrowing Base Certificate. The Borrower shall have requested the applicable Loan or the issuance of the applicable Letter of Credit, as the case may be, and Borrower shall have also supplied and/or executed any other applicable documentation, including, in the case of such Revolving Credit Loan or Letter of Credit, a Borrowing Base Certificate, in accordance with the applicable terms and provisions hereof (provided, however, that so long as the Borrowing Base equals or exceeds $1,000,000, the Borrower shall be permitted to submit Borrowing Base Certificates on a monthly basis within fifteen days after the end of each month; and provided further, that at any time during which the Borrowing Base is less than $1,000,000, Borrower shall furnish a Borrowing Base Certificate to the Lender on a daily basis).