Term Loan Borrowing Base Certificate definition
Examples of Term Loan Borrowing Base Certificate in a sentence
The Administrative Agent shall have received (i) a Term Loan Borrowing Base Certificate which calculates the Term Loan Borrowing Base as of a recent date determined by the Administrative Agent and (ii) a copy of the ABL Borrowing Base Certificate delivered to the ABL Lender on the Effective Date, each of which shall be in form and substance reasonably satisfactory to the Administrative Agent.
All of the proceeds of the Distribution Term Loans shall be applied to pay the CBII $50 Million Distribution and the Agent shall have received a Distribution Term Loan Borrowing Base Certificate and the Appraisal.
The table shows that 132(41.3%) of the respondents had First degree holder,64(20%) had Diploma degree, 45(Secondary school), 28(8.8%) had master’s degree, while 9(2.8%) are junior school and 1(0.3%) was only read and write.
The Administrative Agent shall have received (i) a Borrowing Base Certificate, and (ii) a Term Loan Borrowing Base Certificate, each relating to the Fiscal Month ended on October 29, 2022 and in form and substance satisfactory to the Administrative Agent.
Each of the Term Loan Secured Parties and the Loan Parties agrees that no ABL Secured Party shall have any liability for relying on the calculation of the DIP Term Loan Reserve as set forth in a Term Loan Borrowing Base Certificate (or any written update thereto, as applicable) delivered by any Loan Party or in the DIP Term Loan Reserve Correction Notice delivered by the Term Loan Representative, as the case may be.
If any financial statement, Revolver Borrowing Base Certificate, Term Loan Borrowing Base Certificate or Compliance Certificate due in the preceding month has not been received, then, at the option of Agent or Required Lenders, the Applicable Margin and the Applicable Unused Line Fee Rate shall be determined as if Level II were applicable, from such day until the first day of the calendar month following actual receipt.
The Administrative Agent shall have received (i) an ABL Borrowing Base Certificate and (ii) a Term Loan Borrowing Base Certificate, each relating to the Fiscal Month ended on October 29, 2022 and in form and substance satisfactory to the Administrative Agent.
All of the proceeds of the Acquisition Term Loans shall be applied to make the applicable Permitted Acquisition and the Agent shall have received a Non-Distribution Term Loan Borrowing Base Certificate and an appraisal (in form and substance satisfactory to the Agent and conducted by an appraiser satisfactory to the Agent) of any Eligible Equipment to be acquired in connection with the Permitted Acquisition and which is to be included in the Non- Distribution Term Loan Borrowing Base.
All of the proceeds of the Acquisition Term ---------------------- Loans shall be applied to make the applicable Permitted Acquisition and the Agent shall have received a Non-Distribution Term Loan Borrowing Base Certificate and an appraisal (in form and substance satisfactory to the Agent and conducted by an appraiser satisfactory to the Agent) of any Eligible Equipment to be acquired in connection with the Permitted Acquisition and which is to be included in the Non-Distribution Term Loan Borrowing Base.
All of the proceeds of the Distribution Term ----------------------- Loans shall be applied to pay the CBII $50 Million Distribution and the Agent shall have received a Distribution Term Loan Borrowing Base Certificate and the Appraisal.