European Borrowing Base Certificate definition

European Borrowing Base Certificate means a certificate with respect to the European Borrowing Base from a Responsible Officer of the Additional European Borrower.
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European Borrowing Base Certificate means a certificate from a Responsible Officer of the Lead Borrower, in substantially the form of Exhibit N, as such form, subject to the terms hereof, may from time to time be modified as agreed by the Lead Borrower and the Administrative Agent or such other form which is acceptable to the Administrative Agent in its reasonable discretion.
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European 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 B-4.
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Examples of European Borrowing Base Certificate in a sentence

  • The Administrative Agent shall have received (a) an Aggregate Borrowing Base Certificate which calculates the Aggregate Borrowing Base as of April 3, 2010 and (b) a US Borrowing Base Certificate, Canadian Borrowing Base Certificate, UK Borrowing Base Certificate and European Borrowing Base Certificate which calculates each such Borrowing Base as of April 3, 2010, in each case on a pro forma basis after giving effect to the Effective Date.

  • The European Borrowing Base at any time shall be determined by reference to the most recent European Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 5.01(g) of this Agreement.

  • For the avoidance of doubt, following the establishment of Additional European Incremental Revolving Facility, the delivery of the European Borrowing Base Certificate shall be governed by the terms of the applicable Incremental Revolving Facility Amendment (including any amendments to this Agreement in connection therewith and as contemplated by Section 2.22).

  • The Administrative Agent shall have received (a) an Aggregate Borrowing Base Certificate which calculates the Aggregate Borrowing Base as of December 6, 2008 and (b) a US Borrowing Base Certificate, Canadian Borrowing Base Certificate and European Borrowing Base Certificate which calculates each such Borrowing Base as of December 6, 2008.

  • As soon as available and in any event within ten (10) Business Days after the end of each month, and from time to time upon the request of European Loan Agent, European Borrower Representative will deliver a European Borrowing Base Certificate (in substantially the same form as Exhibit 4.6(d)(ii), the "European Borrowing Base Certificate") as at the last day of such period.

  • For the avoidance of doubt, following the establishment of Additional European Incremental Revolving Facility, the delivery of the European Borrowing Base Certificate shall be governed by the #94513555v35 terms of the applicable Incremental Revolving Facility Amendment (including any amendments to this Agreement in connection therewith and as contemplated by Section 2.22).

  • Duly executed originals of an initial U.S. Borrowing Base Certificate from U.S. Borrower and initial European Borrowing Base Certificate from European Borrower, each dated the Closing Date, reflecting, in the case of U.S. Borrowing Base Certificate, information concerning Eligible Accounts and Eligible Inventory of U.S. Borrower and Samsonite Stores as of a date not more than seven (7) days prior to the Closing Date.

  • As soon as available and in any event by the 15th day of each calendar month, a Borrowing Base Certificate which shall include a European Borrowing Base Certificate, as at the end of the previous month, certified by the chief financial officer or a financial vice president of a Borrower.

  • Duly executed originals of an initial U.S. Borrowing Base Certificate from U.S. Borrower and initial European Borrowing Base Certificate from European Borrowers, each dated the Closing Date, reflecting, in the case of U.S. Borrowing Base Certificate, information concerning Eligible Accounts, Eligible Inventory, and Eligible Machinery and Equipment of U.S. Borrower as of a date not more than seven (7) days prior to the Closing Date.


More Definitions of European Borrowing Base Certificate

European Borrowing Base Certificate means a certificate to be executed and delivered from time to time by the European Borrowers in the form attached to the Agreement as Exhibit 4.1(b)(ii) .
Sample 1
European Borrowing Base Certificate means a certificate in substantially the form of Exhibit B, duly certified by the chief financial officer or any financial vice president of AE, Aubecq, Pentagon and Alliance Graphics.
Sample 1

Related to European 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.

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

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

  • 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.

  • 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:

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

  • 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.

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

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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

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

  • Borrowing Base Amount means:

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

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

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

  • 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.

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

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • Borrowing Date any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.

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

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • 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.