Initial Borrowing Base Certificate Date definition

Initial Borrowing Base Certificate Date means the date on which the initial Borrowing Base Certificate is delivered (which shall be no later (but may, at the Borrower’s discretion, earlier) than the Startup Date).
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Initial Borrowing Base Certificate Date means, with respect to each Asset (including any Project), the date on which such Asset is initially designated as a Borrowing Base Asset pursuant to Section 2.18.
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Examples of Initial Borrowing Base Certificate Date in a sentence

  • There are no Permits required by the Borrower or any applicable Project Company under any Governmental Rule, including any Environmental Law, as the applicable Project is currently designed and contemplated to be developed, constructed, owned, leased and operated that are or will become Applicable Permits other than the Permits described in Schedule 4.15, as updated from time to time in connection with an Initial Borrowing Base Certificate Date.

Related to Initial Borrowing Base Certificate Date

  • 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 Borrowing Base Report for the Borrower signed by an Authorized Signatory of the Borrower and in substantially the form of Exhibit D attached hereto.

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

  • 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.

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

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

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

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

  • Borrowing Base Amount means:

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Compliance Certificate means a certificate substantially in the form of Exhibit D.

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

  • Pro Forma Compliance Certificate means a certificate of a Responsible Officer of the Borrower containing reasonably detailed calculations of the financial covenants set forth in Section 7.11 recomputed as of the end of the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 6.01(a) or (b) after giving effect to the applicable transaction on a Pro Forma Basis.

  • 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.

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

  • Initial Borrowing means the first Borrowing by the Borrower under this Agreement.

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

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

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

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

  • Pick Up Report means the report detailing the number of sleeping rooms per day actually used out of the Program’s room block.

  • business acquisition report means a completed Form 51-102F4 Business Acquisition Report;

  • 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.