Collateral Update Certificate definition

Collateral Update Certificate means a certificate signed by a Designated Financial Officer, in substantially the form of EXHIBIT B-2 annexed hereto.
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Collateral Update Certificate has the meaning specified in Section 5.1(c).
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Collateral Update Certificate means a certificate signed by a Designated Financial Officer, in substantially the form of Exhibit B-2 annexed hereto.
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Examples of Collateral Update Certificate in a sentence

  • A Designated Financial Officer shall have executed and delivered to the Agent a Collateral Update Certificate substantially in the form of EXHIBIT B-2 annexed hereto, which Collateral Update Certificate shall show Domestic Excess Availability under the Revolving Credit Commitments of not less than $15,000,000 (after giving effect to the payment of all sums and expenses, the issuance of all Letters of Credit and the funding of all Loans to be paid, issued or funded on the Closing Date).

  • The Collateral Update Certificate as defined in the Senior Credit Facility Loan Agreement as of the date of this Agreement to be provided to the Agent and Lenders in accordance with 7.4(d) or, in the event that the Borrower no longer prepares such Collateral Update Certificate in accordance with the Senior Credit Facility Loan Agreement, then such alternate certificate signed by the chief financial officer or cash manager of the Borrower in substantially the form of Exhibit B hereto.

  • The Domestic Borrowing Base and the Canadian Borrowing Base shall be determined monthly (or at such other interval as may be specified pursuant to subsection 7.1) by the Agent by reference to the Borrowing Base Certificate, commercial finance and collateral audit reports, the Collateral Update Certificate or Accounts Receivable/Loan Reconciliation Report delivered to the Lenders and the Agent pursuant to subsection 7.1(g).

  • The Domestic Borrowing Base and the Canadian Borrowing Base shall be determined weekly (or at such other interval as may be specified pursuant to subsection 7.1) by the Agent by reference to the Borrowing Base Certificate, commercial finance and collateral audit reports, the Collateral Update Certificate or Accounts Receivable/Loan Reconciliation Report delivered to the Lenders and the Agent pursuant to subsection 7.1(g).

  • Each Collateral Update Certificate delivered by the Borrower to the Revolving Credit Agent and/or Revolving Credit Lenders pursuant to the Revolving Credit Agreement.

  • In determining the Borrowing Base and Collateral Update Certificate from time to time, the Agent may in its discretion, but shall not be required to, rely upon reports or analyses generated by the Credit Parties (including, without limitation, Borrowing Base and Collateral Update Certificates) and reports or analyses generated by or on behalf of the Agent or any Lender.


More Definitions of Collateral Update Certificate

Collateral Update Certificate means that certain certification in the form attached hereto as Exhibit “B” (or as otherwise acceptable to LENDER).
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Collateral Update Certificate means a certificate substantially in the form of Exhibit G.
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Collateral Update Certificate means a certificate executed by a representative of the BORROWERS and substantially in the form of Exhibit "B" hereto.
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Related to Collateral Update Certificate

  • Closing Date Certificate means a Closing Date Certificate substantially in the form of Exhibit G-1.

  • Pricing Certificate means a certificate in the form of Exhibit C, properly completed and signed by a Senior Officer or his or her designated representative of Borrower.

  • Class SB Certificate Any one of the Certificates designated as a Class SB Certificate. Class X Certificate: Any one of the Certificates designated as a Class X Certificate.

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

  • Servicing Certificate A certificate completed and executed by a Servicing Officer on behalf of the Master Servicer in accordance with Section 4.01 of the Servicing Agreement.

  • Class J Certificate means any one of the Certificates with a "Class J" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • 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.

  • Subordinate Certificate Writedown Amount As to any Distribution Date, the amount by which (i) the sum of the Class Principal Amounts of all the Certificates (after giving effect to the distribution of principal and the application of Realized Losses in reduction of the Certificate Principal Amounts of the Certificates on such Distribution Date) exceeds (ii) the aggregate Scheduled Principal Balance of the Mortgage Loans for such Distribution Date.

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

  • Aggregate Certificate Principal Balance At any given time, the sum of the then current Class Principal Balances of the Certificates.

  • Back-Up Certification As defined in Section 3.18(k).

  • Class CE Certificate Any one of the Class CE Certificates executed and authenticated by the Securities Administrator and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-3 and evidencing (i) a Regular Interest in REMIC III, (ii) beneficial ownership of the Reserve Fund and (iii) beneficial ownership of the Supplemental Interest Trust.

  • Group 1 Certificate Any Class A-1 or Class A-R Certificate.

  • Certificate Notional Balance With respect to each Certificate of Class X and any date of determination, the product of (i) the Class Certificate Notional Balance of such Class and (ii) the applicable Percentage Interest of such Certificate.

  • Private Certificate As specified in the Preliminary Statement.

  • Class A-AB Certificate Any one of the Certificates executed and authenticated by the Certificate Administrator or the Authenticating Agent in substantially the form set forth in Exhibit A-5 hereto.

  • Class A-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-6 and Exhibit C hereto.

  • Buyer Certificate means a certificate to the effect that each of the conditions specified in clauses (a) through (c) (insofar as clause (c) relates to Legal Proceedings involving the Buyer) of Section 5.2 is satisfied in all respects.

  • Class A-8 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-8 and Exhibit C hereto.

  • Class H Certificate means any of the Certificates with a "Class H" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Pledge Certificate means a Pledge Certificate in the form attached to this Appendix "C" as Schedule 1 executed by a duly authorized officer of the applicable Fund and delivered by such Fund to the Custodian by facsimile transmission or in such other manner as the applicable Fund and the Custodian may agree in writing.

  • 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.

  • Group 2 Certificate Any Class A-2 Certificate.

  • Corresponding Certificate With respect to each REMIC II Regular Interest (other than REMIC II Regular Interests AA, ZZ and IO), the Certificate with the corresponding designation. With respect to each REMIC III Regular Interest (other than the Class C Interest and the Class IO Interest), the related Certificate representing an ownership therein.

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