Borrowing Base Certificates definition

Borrowing Base Certificates means the US Borrowing Base Certificate or Canadian Borrowing Base Certificate, as applicable.

Borrowing Base Certificates means for purposes of calculating the Availability under the Line of Credit, (a) prior to a Leverage Ratio Event, a certificate delivered by the Borrowers to the Bank in the form attached hereto as Schedule A setting forth the information and calculations provided therein for the Borrowers on a consolidated basis; and (b) following a Leverage Ratio event, either the certificate referred to in the preceding clause (a) or, at the direction of the Bank as contemplated by Section 5 above, a substitute borrowing base certificate for purposes of determining the Availability under the Line of Credit as contemplated by such Section 5 above.

Borrowing Base Certificates means a report of the Borrower, in the form required by the Bank, certified as true and correct by a responsible officer of the Borrower. Permitted Indebtedness (§4(a)):

Examples of Borrowing Base Certificates in a sentence

• To the extent Agent receives financial statements required under Sections 9.7, 9.8, 9.9, 9.12 and 9.13 hereof or Borrowing Base Certificates from any Loan Party pursuant to the terms of this Agreement which any Loan Party is not obligated to deliver to each Lender, Agent will promptly provide such documents and information to Lenders.

• From time to time at the discretion of the Administrative Agent, the Administrative Agent may review the Collateral Manager’s collection and administration of the Collateral in order to assess compliance by the Collateral Manager with Article VI and may conduct an audit of the Collateral, the Underlying Instruments, and the information contained in the Borrowing Base Certificates and Payment Date Reports in conjunction with such a review.

• For avoidance of doubt, Collateral Agent may rely conclusively on Borrowing Base Certificates and Officer’s Certificates delivered by the Servicer.

• Each Loan Party authorizes the Loan Party Representative on its behalf to execute and deliver to Lender the Loan Documents and all related agreements, certificates, documents, and instruments as are necessary or appropriate to effect the purposes of the Loan Documents (including Borrowing Base Certificates and Compliance Certificates).

More Definitions of Borrowing Base Certificates

Borrowing Base Certificates will mean the certificates to be provided to the Agent by the Company pursuant to Section 9.4 of this Second Restated Credit Agreement.

Borrowing Base Certificates means a U.S. Borrowing Base Certificate, a Canadian Borrowing Base Certificate, a German Borrowing Base Certificate, and a U.K./Dutch Borrowing Base Certificate. British Pounds or £: the lawful currency of the United Kingdom. Business Day: any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the laws of, or are in fact closed in, the state where the Agent’s Office is located; provided that:

Borrowing Base Certificates means the certificates delivered by Borrowers pursuant to Sections 8.1(x), 8.1(y) and 9.10 hereof, in the form attached hereto as Exhibit 9.10, or such other form as may be reasonably acceptable to Agent.

Borrowing Base Certificates means the certificates in the form of Exhibit C-1 and Exhibit C-2.

Borrowing Base Certificates means the U.S. Revolver Borrowing Base Certificate(s), Australian Revolver Borrowing Base Certificate(s), U.S. Floorplan Borrowing Base Certificate(s), and Australian Floorplan Borrowing Base Certificate(s). “Business Day” means any day that is not a Saturday, Sunday, or other day on which banks are authorized or required to close in the States of North Carolina and California and if such day relates to any interest rate settings as to a Loan denominated in Australian Dollars, means a day other than a day banks are closed for general business in Sydney, Australia and Hong Kong. “CAM Exchange” has the meaning given thereto in Section 18.4(a). “CAM Exchange Date” has the meaning given thereto in Section 18.4(a). “CAM Percentage” has the meaning given thereto in Section 18.4(a). “Capital Expenditures” means, with respect to any Person for any period, the amount of all expenditures by such Person and its Subsidiaries during such period that are capital expenditures as determined in accordance with GAAP, whether such expenditures are paid in cash or financed; provided, that Capital Expenditures shall not include (a) expenditures for the acquisition of Inventory (including Equipment and other assets such as replacements, capitalized repairs and improvements) that is purchased and held for sale or lease to a Person that is not an Affiliate, (b) expenditures made during such period in connection with the replacement, substitution, or restoration of assets or properties in accordance with the reinvestment provisions of Section 2.4(e)(ii) of the Agreement, including such expenditures made with insurance proceeds, (c) with respect to the purchase price of assets that are purchased substantially contemporaneously with the trade-in of existing assets during such period, the amount that the gross amount of such purchase price is reduced by the credit granted by the seller of such assets for the assets being traded in at such time, (d) expenditures made during such period to consummate one or more Permitted Acquisitions, (e) capitalized software development costs to the extent such costs are deducted from net earnings under the definition of EBITDAR for such period, and (f) expenditures during such period that, pursuant to a written agreement, are reimbursed by a third Person (excluding Borrowers or any of its Affiliates). “Capitalized Lease Obligation” means that portion of the obligations under a Capital Lease that is required to be capitalized in accordance with GAAP....

Borrowing Base Certificates means, collectively, the Revolving Facility Borrowing Base Certificate and the Term Loan Borrowing Base Certificate.

Borrowing Base Certificates means the certificates delivered from time to time by the borrowers under the Revolving Credit Agreement and pursuant to the terms thereof calculating the Borrowing Base (as defined in the Revolving Credit Agreement) of such borrowers.