Borrowing Base Certificate definition
Examples of Borrowing Base Certificate in a sentence
Each Borrowing Base Certificate delivered to the Administrative Agent shall bear a signed statement by an Authorized Officer certifying the accuracy and completeness of all information included therein.
The latest Borrowing Base Certificate furnished to Administrative Agent presents accurately and fairly in all material respects each Borrowing Base and the calculation thereof as at the date thereof.
Administrative Agent shall have received each Borrowing Base Certificate required by the terms of this Agreement.
The execution and delivery of a Borrowing Base Certificate shall in each instance constitute a representation and warranty by the Borrower to the Lenders that each Eligible Receivable included therein satisfies the Eligibility Criteria.
The Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate and Monthly Servicing Report delivered to the Administrative Agent.