Borrower Certification means with respect to any request for a Loan or any release of funds or substitution of assets with respect to the Collateral Account, a certification of the Investment Adviser on behalf of the Borrower stating that after giving effect to such Loan, release of funds or substitution: (A) (i) no Borrowing Base Deficiency will exist, and (ii) no Default would occur or be continuing, in each case based on the most recent Borrowing Base determination; and (B) in the case of any Loan, the proceeds of such Loan will be used solely for Permitted Uses and, in the case that such proceeds will be used to purchase an Eligible Collateral Asset, no Borrowing Base Deficiency would exist after giving effect to such purchase on a pro forma basis.
Borrower Certification means with respect to any request for a Loan or any release of funds or substitution of assets with respect to the Collateral Account, a certification of the Borrower Parent on behalf of the Borrower (which, for the avoidance of doubt, shall be deemed to be made in the case of a substitution) stating that after giving effect to such Loan, release of funds or substitution: (A) (i) no Borrowing Base Deficiency or Currency Asset Amount Shortfall will exist, and (ii) no Default would occur or be continuing, in each case based on the most recent Borrowing Base determination; and (B) in the case of any Loan, the proceeds of such Loan will be used solely for Permitted Uses and, in the case that such proceeds will be used to purchase a Collateral Asset or to fund a commitment on a Revolving Loan or Delayed Drawdown Loan, no Borrowing Base Deficiency or Currency Asset Amount Shortfall would exist after giving effect to such purchase or funding on a pro forma basis.
Borrower Certification means a certification in the form attached to this Agreement as Exhibit F, together with all accompanying documentation reasonably required by Lender.
Examples of Borrower Certification in a sentence
Read the following and hand sign and date below: Borrower Certification: I authorize CCBC to submit an electronic certification (including electronic transfer of loan proceeds to my account) of my loan eligibility to the Direct Loan Servicing Center U.S. Department of Education.
My signature certifies that I have read, understand, and agree to the terms and conditions of this Application and Promissory Note including the Borrower Certification and Authorization.
Notably, the Borrower Certification does not provide for a potentially shorter restriction period in the event the SPV sells its participation prior to the repayment of the Program loan.
CalCAP/ADA Borrower Certification ……………………………….............IX -55.
SBA Form 2481, "Historic Property Borrower Certification," if applicable, is required at time of application and must be included as part of this exhibit.
More Definitions of Borrower Certification
Borrower Certification means with respect to any request for a Credit Extension or any release of funds or any Collateral Asset with respect to the Collateral Account, a certification of the Investment Advisor or another agent appointed by the Borrower, not in its individual capacity, but solely as agent for the Borrower, that is reasonably acceptable to the Administrative Agent and as to which the Borrower has delegated the authority to prepare, issue and execute Borrower Certifications on behalf of the Borrower, stating that, after giving effect to such Loan or release of funds or Collateral Assets: (A) no Borrowing Base Deficiency would exist (based on the most recent Borrowing Base determination received from the Calculation Agent), (B) no Default would exist and be continuing, (C) in the case of a request for a Letter of Credit, such L/C Credit Extension will be used solely for Permitted Uses and (D) in the case of any Loan, (i) the proceeds of such Loan would be used solely for Permitted Uses and (ii) in the case that such proceeds would be used to purchase Collateral Assets, no Borrowing Base Deficiency would exist after giving effect to such purchases on a pro forma basis (based on the most recent Borrowing Base determination received from the Calculation Agent). For the avoidance of doubt, to the extent that the foregoing certifications are made as Borrower Transaction Certifications (as [***] CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION defined in the Collateral Administration Agreement), such Borrower Transaction Certifications are Borrower Certifications.
Borrower Certification means a notarized certificate from Borrower, certifying that (A) Borrower is (i) current on all loan payments secured by a lien on the Property, (ii) current on Real Estate Tax and personal property tax payments, (iii) current on all federal, state and local taxes and that there is no federal income tax lien, judgment lien or similar involuntary lien against the Property, and (iv) not insolvent or in bankruptcy or foreclosure proceedings, and (B) the title of the Property is not in dispute.
Borrower Certification means a notarized certificate from Borrower, certifying that (i) Borrower is (a) current on all loan payments secured by a lien on the Property, (b) current on Real Estate Tax and personal property tax payments, (c) current on all federal, state and local taxes and that there is no federal income tax lien, judgment lien, or other involuntary lien against the Property, and (d) not insolvent or in bankruptcy or foreclosure proceedings, and (ii) the title of the Property is not in dispute, as evidenced by a title report or title insurance commitment from a title insurance company acceptable to Program Administrator and/or Capital Provider.
Borrower Certification means with respect to any request for a Loan or any release of funds or substitution of assets with respect to the Collateral Account or the Collection Account, a certification of the Collateral Manager on behalf of the Borrower (which, for the avoidance of doubt, shall be deemed to be made in the case of a substitution) stating that after giving effect to such Loan, release of funds or substitution: (A) (i) no Borrowing Base Deficiency will exist and (ii) no Default or Event of Default would occur or be continuing, in each case based on the most recent Borrowing Base determination; and (B) in the case of any Loan, the proceeds of such Loan will be used solely for Permitted Uses and, in the case that such proceeds will be used to purchase a Collateral Asset, no Borrowing Base Deficiency would exist after giving effect to such purchase or funding on a pro forma basis.
Borrower Certification means, with respect to any request for a Loan, a certification of the Borrower stating that (i) no Default or Event of Default will occur or be continuing after giving effect to such Loan, and (ii) the proceeds of such Loan will be used solely for Permitted Uses.
Borrower Certification shall have the meaning set forth in Section 6.15(a)(2).
Borrower Certification means a certification by the Borrower (in a form acceptable to the Senior Agent) delivered by the Borrower to the Senior Agent not less than 10 (ten) Business Days prior to a Repayment Date, Interest Payment Date or the last day of an Interest Period which is not itself an Interest Payment Date, as applicable and which certifies any of the matters required to be certified as contemplated in clauses 10.1 (Repayment of Loan and Rollup Interest Loan) and 14.2 (Payment of Interest) and which shall: (i) be based on management accounts (ii) reflect provisions for the working capital requirements as referred to in paragraph (e) of the definition of “Opco Cash Waterfall” in the Global Intercreditor Agreement, and (iii) include calculations of the relevant certified amounts referred to therein, which certification shall be binding on the Parties in the absence of manifest error.