Daily Borrowing Base Certificate definition

Daily Borrowing Base Certificate means a certificate, in substantially the form of Exhibit A-1, executed by the Servicer and the Borrower and delivered to the Agent pursuant to Section 2.05.
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Daily Borrowing Base Certificate has the meaning specified in the proviso to Section 5.2(l).
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Daily Borrowing Base Certificate shall have the meaning set forth in Section 5.1(A)(vi) of this Agreement.
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Examples of Daily Borrowing Base Certificate in a sentence

  • On each Business Day, an uncertified, good faith estimated update (a "Daily Borrowing Base Certificate") of the most recently furnished monthly Borrowing Base Certificate furnished pursuant to Section 7.1(c) (a "Month End Borrowing Base Certificate") as to the information under the heading "Accounts Receivable" pertaining to "Factored Accounts" and "Factor Advances"; and the information under the heading "Senior Debt".


More Definitions of Daily Borrowing Base Certificate

Daily Borrowing Base Certificate has the meaning set forth in Section 7.1(g).
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Daily Borrowing Base Certificate means a certificate -------------------------------- substantially in the form of Exhibit B-3, delivered pursuant to subsection 9.2(h).
Sample 1
Daily Borrowing Base Certificate has the meaning specified in the proviso to SECTION 5.2(L).
Sample 1

Related to Daily Borrowing Base Certificate

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

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

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

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

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

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

  • 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.

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

  • Borrowing Base Amount means:

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

  • 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.

  • Tranche A 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.

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

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

  • Release Certificate means a Release Certificate in the form attached to this Appendix "C" as Schedule 2 executed by a duly authorized officer of the Custodian and delivered by the Custodian to the applicable Fund by facsimile transmission or in such other manner as such Fund and the Custodian may agree in writing.

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

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Borrowing Request means a request by the Borrower for a Borrowing in accordance with Section 2.03.

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

  • Borrowing Base Deficit means, at any time of determination, the amount, if any, by which (a) the Aggregate Capital at such time, exceeds (b) the Borrowing Base at such time.

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • Borrowing Notice is defined in Section 2.8.