Borrowing Base Certificate definition
Examples of Borrowing Base Certificate in a sentence
The Administrative Agent, the Collateral Agent and the Lenders shall have received a completed Borrowing Base Certificate together with a Back-Log [***] = Certain information contained in this document, marked by brackets, has been omitted because it is both not material and would be competitively harmful if publicly disclosed.
The Borrower shall have delivered to the Agent a Borrowing Base Certificate which shall give effect to the funding of such Subsequent Advance; provided, that if the date of such Subsequent Advance is on or after the fifteenth (15th) calendar day of the month, such Borrowing Base Certificate shall be current as of the last day of the calendar month immediately preceding the date of such Subsequent Advance.
No Borrowing Base Deficiency exists, or shall exist, after giving effect to such Advance, and the Borrowing Base Certificate accompanying the Borrowing Request contains a 52 Receivables Loan and Security Agreement calculation of the Facility Balance, the Eligible Receivables Balance, the Borrowing Base and Availability, both immediately before and after giving effect to such proposed Advance.
If any Borrowing Request and Borrowing Base Certificate is delivered to the Agent after 12:00 p.m., New York City time, on any Business Day, such Borrowing Request and Borrowing Base Certificate shall be deemed to be received prior to 12:00 p.m., New York City time, on the next succeeding Business Day.
Make any amendments to its forms of Host Customer Agreements as disclosed to the Administrative Agent on the Closing Date, except to the extent that such amendments do not contravene applicable consumer law or could not reasonably be expected to have a Material Adverse Effect, or any amendments to any Back-Log Spreadsheet or Take-Out Spreadsheet delivered with any Borrowing Base Certificate, except to the extent that such amendments could not reasonably be expected to have a Material Adverse Effect.