Borrowing Base Confirmation definition

Borrowing Base Confirmation has the meaning set forth in Section 7.1.
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Borrowing Base Confirmation means a Borrowing Base Confirmation in the form of Exhibit C attached hereto.
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Borrowing Base Confirmation. As defined in Section 7.1(n).
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Examples of Borrowing Base Confirmation in a sentence

  • The Borrower is obliged to inform the Bank immediately, if such authority is withdrawn and nominate a new person authorized to receive the Borrowing Base Confirmation (including his or her e-mail address).

  • A Borrowing Base Confirmation shall be deemed to be received by the Borrower upon the Borrower in return confirms having received such Borrowing Base Confirmation.

  • After checking the documents submitted by the Borrower in due time as to plausibility, the Bank shall send the Borrower by the 17th business day after the Reporting Date a Borrowing Base Confirmation by e-mail (including the relevant Borrowing Base Confirmation in the form of a pdf-file attached).

  • Until receipt of the withdrawal by the Bank and nomination of a new authorized person, the Bank is entitled to send the Borrowing Base Confirmation to the persons(s) hitherto known to it as authorized person(s).

  • A Borrowing Base Confirmation is the Bank’s confirmation by which it notifies the Borrower about the amount of the Borrowing Base calculated on the basis of the Borrowing Base Report for the Borrowing Base Application Period and thus also determines the amount of the Available Credit Facility applicable from time to time.

  • Each Distribution Date Statement, Advance Request and Borrowing Base Confirmation is accurate in all material respects as of the date thereof.

  • All Receivables included in the Borrowing Base as of the most recently delivered Servicer's Certificate or Borrowing Base Confirmation are Eligible Receivables.

  • For this purpose, the Borrower authorizes Christoph Höfermann to receive the Borrowing Base Confirmation.

  • Each Servicer's Certificate and Borrowing Base Confirmation is accurate in all material respects as of the date thereof.

  • All Contracts included in the Initial Borrowing Base as of the most recently delivered Distribution Date Statement or Borrowing Base Confirmation are Eligible Contracts.


More Definitions of Borrowing Base Confirmation

Borrowing Base Confirmation has the meaning set forth in Section 7.3(g). --------------------------- --------------
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Borrowing Base Confirmation means a confirmation substantially in the form attached as Exhibit B to the Borrowing Notice.
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Borrowing Base Confirmation has the meaning specified in Section 12.6(a) --------------------------- of the Indenture.
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Borrowing Base Confirmation has the meaning set forth in SECTION 7.2(g).
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Borrowing Base Confirmation has the meaning set forth in the Custodial Agreement.
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Borrowing Base Confirmation has the meaning set forth in Section 7.2(g) of the Receivables Financing Agreement.
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Related to Borrowing Base Confirmation

  • Borrowing Base Report means a report in substantially the form of Exhibit E (or such other form approved by Administrative Agent) certified by a Responsible Officer of Borrower.

  • Borrowing Base Certificate means a certificate, signed and certified as accurate and complete by a Financial Officer of the Borrower Representative, in substantially the form of Exhibit C or another form which is acceptable to the Administrative Agent in its sole discretion.

  • Borrowing Base Test means a test that will be satisfied on any date of determination if the following is true: Where: AR =57%.

  • New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).

  • Borrowing Base means, at any time of calculation, an amount equal to:

  • Borrowing Base Value means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.

  • Increase Confirmation means a confirmation substantially in the form set out in Schedule 12 (Form of Increase Confirmation).

  • Borrowing Base Amount means:

  • Proposed Borrowing Base Notice has the meaning assigned to such term in Section 2.07(c)(ii).

  • Borrowing Certificate means a Borrowing Certificate substantially in the form of Exhibit A.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Advance Request means a request for an Advance submitted by Borrower to Lender in substantially the form of Exhibit A.

  • Accelerated Borrowing Base Delivery Event means either (i) the occurrence and continuance of any Event of Default, or (ii) the failure of the Borrowers to maintain Availability at least equal to the greater of (x) $22,500,000 and (y) fifteen percent (15%) of the Loan Cap. For purposes of this Agreement, the occurrence of an Accelerated Borrowing Base Delivery Event shall be deemed continuing (i) so long as such Event of Default has not been waived, and/or (ii) if the Accelerated Borrowing Base Delivery Event arises as a result of the Borrowers’ failure to achieve Availability as required hereunder, until Availability has exceeded the greater of (x) $22,500,000 and (y) fifteen percent (15%) of the Loan Cap for thirty (30) consecutive calendar days, in which case an Accelerated Borrowing Base Delivery Event shall no longer be deemed to be continuing. The termination of an Accelerated Borrowing Base Delivery Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Accelerated Borrowing Base Delivery Event in the event that the conditions set forth in this definition again arise.

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

  • CREFC® Loan Level Reserve/LOC Report The monthly report in the “CREFC® Loan Level Reserve/LOC Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Borrowing Base Assets means any Loan Party’s Inventory and Receivables and other assets directly related thereto, including documents, instruments, general intangibles, deposit accounts and the proceeds of all of the same.

  • CMSA Loan Level Reserve/LOC Report means the monthly report substantially in the form of, and containing the information called for in, the downloadable form of the "Loan Level Reserve/LOC Report" available as of the Closing Date on the CMSA Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CMSA for commercial mortgage securities transactions generally.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Borrowing Base Deficiency means, at any date on which the same is determined, the amount, if any, that (a) the aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.

  • Transaction Report is that certain report of transactions and schedule of collections in the form attached hereto as Exhibit C.

  • Collection Report means the monthly report prepared by the Primary Servicer setting forth, with respect to each Mortgage Loan and the most recently ended Collection Period prior to the due date of such report, the information described on Exhibit G attached hereto.

  • Ratings Confirmation means, with respect to any action proposed to be taken, a written confirmation from each of the Rating Agencies that such action would not result in (i) a reduction of the rating for any Class of Certificates below the then current rating for such Class of Certificates or (ii) a withdrawal or suspension of the rating of any Class of Certificates.

  • Revolving Administrative Agent means the administrative agent under the Revolving Credit Agreement.