Collateral Coverage Certificate definition

Collateral Coverage Certificate means with respect to any annual or quarterly financial statements provided pursuant to Section 6.01(j), a certificate signed by a financial officer of the Borrowers setting forth an accurate calculation of the Borrowing Base and the Total Extensions of Credit as of the last day of the period covered by such annual or quarterly financial statements.
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Collateral Coverage Certificate means a collateral coverage certificate, in substantially the form of Exhibit G attached hereto, executed by a Responsible Officer of the Borrower.
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Collateral Coverage Certificate. “Extended Loans”, “Extension Collateral”, “Extension Collateral Coverage Ratio”, “Extension Obligations”, “Extension Obligations Collateral Allocation”, “Extension Ratio” or “Extending Lender”, Section 7.3 or Exhibit D without the consent of Extending Lenders constituting Requisite Extending Lenders. Any amendment, modification, supplement, termination, waiver or consent pursuant to this Section shall apply equally to, and shall be binding upon, all of the Creditors. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that the Pro Rata Share of the Commitments of such Lender may not be increased or extended without the consent of such Lender.
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Examples of Collateral Coverage Certificate in a sentence

  • The Pledged Cash Amount shall be determined on the Effective Date and a monthly basis upon the delivery of the Collateral Coverage Certificate and Covenant Compliance Report.

  • For purposes of preparing the Collateral Coverage Certificate, financial statements, calculating financial covenants and determining compliance with covenants expressed in Dollars, Canadian Dollars or Euros shall be converted to Dollars on a weighted average in accordance with GAAP.

  • Concurrently with the financial statements required to be delivered to the Lender pursuant to sub-Section (b) above, a Collateral Coverage Certificate in the form and containing the terms as Exhibit D attached.

  • The service provides a one-stop solution from supplier verification to order protection to delivery services and more, and has evolved during the pandemic to focus on getting medical products and PPE to organizations that equip people on the frontlines.

  • Field coordinators have the responsibility to assist field liaisons, field instructors and students in preventing and resolving field related difficulties.Student Coursework in Preparation in FieldIt is imperative that students are prepared for practice experience through course work before they are placed in their field practicum.

  • Terms defined in the Loan Agreement and not otherwise defined in this Collateral Coverage Certificate shall have the meanings set forth in the Loan Agreement.


More Definitions of Collateral Coverage Certificate

Collateral Coverage Certificate means with respect to any annual or quarterly financial statements provided pursuant to Section 4.02, a certificate signed by a financial officer of the Issuer setting forth an accurate calculation of the Borrowing Base as of the last day of the period covered by such annual or quarterly financial statements, a calculation of the principal amount of outstanding indebtedness for borrowed money on such date that is secured by Liens on the Collateral pursuant to clauses (2) and (3) of the definition of “Permitted Liens” and stating whether or not a Collateral Coverage Event has occurred.
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Collateral Coverage Certificate means a certificate setting forth the calculation of the Collateral Coverage Amount, substantially in the form of Exhibit B, signed on behalf of the Company by a Financial Officer.
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Collateral Coverage Certificate means a certificate substantially in the form of Exhibit G.
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Collateral Coverage Certificate means with respect to any annual or quarterly financial statements provided pursuant to “— Certain Covenants — Reports” above, a certificate signed by a financial officer of the Company setting forth an accurate calculation of the Borrowing Base as of the last day of the period covered by such annual or quarterly financial statements, a calculation of the principal amount of outstanding indebtedness on such date that is secured by Liens on the Collateral pursuant to clauses (2) and (3) of the definition of “Permitted Liens” and stating whether or not a Collateral Coverage Event has occurred.
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Related to Collateral Coverage Certificate

  • Collateral Coverage Ratio means (i) the aggregate value of any relevant collateral security, including the pro rata value of any shared collateral, divided by (ii) the outstanding aggregate principal amount of the relevant debt.

  • Collateral Value The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.

  • Single Certificate With respect to any Class of Certificates (other than the Class P Certificates and the Residual Certificates), a hypothetical Certificate of such Class evidencing a Percentage Interest for such Class corresponding to an initial Certificate Principal Balance or Notional Amount of $1,000. With respect to the Class P Certificates and the Residual Certificates, a hypothetical Certificate of such Class evidencing a 20% Percentage Interest in such Class.

  • 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.

  • Debt Service Reduction Mortgage Loan Any Mortgage Loan that became the subject of a Debt Service Reduction.

  • Minimum Credit Enhancement Test With respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to 6.00%.

  • Collateral Call means a notice to a Participant that additional Collateral, or possibly early payment, is required in order to remain in, or to regain, compliance with Tariff, Attachment Q. Commencement Date:

  • Federal covered security means a security that is, or upon completion of a transaction will be, a covered security under Section 18(b) of the Securities Act of 1933 (15 U.S.C. Section 77r(b)) or rules or regulations adopted pursuant to that provision.

  • Applicable Certificate Has the meaning specified in Section 1.01 of this Trust Supplement.

  • Outstanding Certificate Any Outstanding Exchangeable Certificate and Outstanding Exchangeable REMIC Certificate.

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Interest Coverage Test means the Class A/B Interest Coverage Test, the Class C Interest Coverage Test, the Class D Interest Coverage Test and the Class E Interest Coverage Test.

  • Subordinate Certificate Any one of the Class M Certificates or Class B Certificates, executed by the Trustee and authenticated by the Certificate Registrar substantially in the form annexed hereto as Exhibit B and Exhibit C, respectively.

  • Collateral Pool means all of the Collateral.

  • Fixed Rate Certificate A Certificate that provides for a payment of interest at a Fixed Pass-Through Rate.

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

  • Initial Covered Debt means the Corporation’s 6.25% Notes due 2036, CUSIP No. 000000XX0.

  • Collateral Access Agreement means a landlord waiver, bailee letter, or acknowledgement agreement of any lessor, warehouseman, processor, consignee, or other Person in possession of, having a Lien upon, or having rights or interests in Borrower’s or its Subsidiaries’ books and records, Equipment, or Inventory, in each case, in form and substance reasonably satisfactory to Agent.

  • Perfection Certificate Supplement means a certificate supplement in the form of Exhibit G-2 hereto or any other form approved by the Collateral Agent.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Qualifying Replacement Capital Covenant has the meaning specified in the Replacement Capital Covenant.