Examples of Monthly Borrowing Base Certificate in a sentence
Each Monthly Borrowing Base Certificate will be supported by a current accounts receivable aging, and such other documentation that may reasonably required by the Lender to determine the Borrowing Base.
Deliver to Bank within thirty (30) days after the end of each month a Monthly Borrowing Base Certificate effective as of the last day of such prior month, in accordance with Section 2.10.
As security for the payment of the Note and the performance of the Obligations of Borrower under this Agreement, Bank shall have received the Security Instruments, duly executed by Borrower, that are necessary or appropriate, in the opinion of Bank, to perfect Bank's security interests in the Borrowing Base Receivables identified in the Monthly Borrowing Base Certificate delivered pursuant to Section 3.01.
The Borrowing Base calculated pursuant to each such Monthly Borrowing Base Certificate shall become effective at 10:00 am on the fifth Business Day after it is delivered to the Bank, unless prior to such time Bank notifies Borrower that it disagrees with the calculation of the Borrowing Base as set forth therein.
Upon delivery to the Senior Lenders, a copy of each Monthly Borrowing Base Certificate as defined in, and as required by Section 6.1(a), of the Senior Credit Agreement.