Monthly Borrowing Base Certificate definition

Monthly Borrowing Base Certificate shall have the meaning specified in Section 7.4(a).

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Monthly Borrowing Base Certificate shall have the meaning provided in Section 9.1(h).

Monthly Borrowing Base Certificate means a certificate, signed and certified as accurate and complete by a Financial Officer of the Borrower, in substantially the form of Exhibit F or another form which is acceptable to the Administrative Agent in its reasonable discretion.

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.

• 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.

• 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.

• In the event that any Monthly Borrowing Base Certificate following the Effective Borrowing Base Certificate shall reflect that the Loan Parties are in an Over Advance position, Interest during such period shall accrue and shall be paid at the Post-Default Rate (provided that such payment at Post-Default Rate shall not be deemed to be a waiver of any Default and/or Event of Default that may occur as a result of such Over Advance).

More Definitions of Monthly Borrowing Base Certificate

Monthly Borrowing Base Certificate has the meaning specified therefor in Section 3.02(a).

Monthly Borrowing Base Certificate means the borrowing base certificate submitted by Borrower to Bank pursuant to sections 2.2 and 7.1(k) of this Agreement, substantially in the form attached hereto as Exhibit 2-3, as the same may be amended from time to time.

Monthly Borrowing Base Certificate a certificate executed and delivered by the Borrower, substantially in the form of Exhibit J-2, delivered pursuant to subsection 6.2(g).

Monthly Borrowing Base Certificate means a certificate of a senior officer of the Borrower in the form set out in Schedule H.

Monthly Borrowing Base Certificate as defined in subsection ---------------------------------- 8.2(c).

Monthly Borrowing Base Certificate shall have the meaning set forth in Section 5.1(A)(vi) of this Agreement.

Monthly Borrowing Base Certificate means a certificate of the President or Chief Financial Officer of the Parent Borrower attesting to Borrower's calculation of the Borrowing Base as of the last day of the month preceding the month in which such certificate is executed and delivered to the Bank pursuant to Section 2.10, in the form attached hereto as Exhibit "E."