Weekly Borrowing Base Certificate definition

Weekly Borrowing Base Certificate has the meaning specified in Section 5.2(l).
Sample 1Sample 2Sample 3
Weekly 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 (it being agreed that each Weekly Borrowing Base Certificate will be based on the most recently delivered Borrowing Base Certificate delivered on a monthly basis updated to reflect changes in the aggregate Value of Receivables and Inventory of the relevant Loan Parties but with ineligibility and reserve related items reflecting those set forth in such most recent Borrowing Base Certificate).
Sample 1Sample 2Sample 3
Weekly Borrowing Base Certificate means a certificate, signed and certified as accurate and complete by the Chief Executive Officer, President, the Chief Financial Officer, the Treasurer, the Vice President-Finance, a Director, a Manager, or any other senior financial officer of the Borrower, in substantially the form of Exhibit N or another form which is acceptable to the Administrative Agent in its reasonable discretion (it being agreed that each Weekly Borrowing Base Certificate will be based on the most recently delivered Borrowing Base Certificate delivered on a monthly basis updated to reflect changes in the aggregate value of Receivables of the relevant Credit Parties but with ineligibility and reserve related items reflecting those set forth in such most recent Borrowing Base Certificate).
Sample 1Sample 2

Examples of Weekly Borrowing Base Certificate in a sentence

  • On a weekly basis, Industries and Machine will provide a Weekly Borrowing Base Certificate in a form acceptable to the Lender for reporting purposes only.

  • On a weekly basis, Shumate will pxxxxxx a Weekly Borrowing Base Certificate in the form of Schedule "1" hereto for reporting purposes only.

  • The flux of these changes especially impacts the lives of individuals and their families.

  • Notwithstanding the provisions of Section 6.5 of the Credit Agreement, during the Forbearance Period, the Loan Parties will deliver an updated certificate in the form of Borrowing Base Certificate required pursuant to Section 6.5 of the Credit Agreement (each, a "Weekly Borrowing Base Certificate"), no later than Wednesday of each week.

  • On a weekly basis, the Borrower will provide a Weekly Borrowing Base Certificate in a form acceptable to the Lender for reporting purposes only.


More Definitions of Weekly Borrowing Base Certificate

Weekly Borrowing Base Certificate a certificate executed and delivered by the Borrower, substantially in the form of Exhibit J-1, delivered pursuant to subsection 6.2(g).
Sample 1Sample 2
Weekly Borrowing Base Certificate has the meaning specified in SECTION 5.2(L).
Sample 1Sample 2
Weekly Borrowing Base Certificate shall have the meaning set forth in Section 5.1(A)(vi) of this Agreement.
Sample 1Sample 2
Weekly Borrowing Base Certificate means a certificate --------------------------------- substantially in the form of Exhibit B-2, delivered pursuant to subsection 9.2(e).
Sample 1
Weekly Borrowing Base Certificate shall have the meaning specified in Section 7.4(b). 5451405.4
Sample 1
Weekly Borrowing Base Certificate means a certificate, signed and certified as accurate and complete by the Chief Executive Officer, President, the Chief Financial Officer, the Treasurer, the Vice President-Finance, a Director, a Manager, or any other senior financial officer of the Borrower, in substantially the form of Exhibit N or another form which is acceptable to the Administrative Agent in its reasonable discretion (it being agreed that each Weekly Borrowing Base Certificate will be based on the most recently delivered Borrowing Base Certificate delivered on a quarterly or monthly basis, as applicable, updated to reflect changes in the aggregate value of Receivables of the relevant Credit Parties but with ineligibility and reserve related items reflecting those set forth in such most recent Borrowing Base Certificate). “Weekly Reporting Period” shall mean any period (a) beginning on the date that Excess Availability is less than the greater of (i) 10% of the Maximum Borrowing Amount and (ii) $60,000,000 for five consecutive Business Days, until such time as Excess Availability has been at least the greater of (i) 10% of the Maximum Borrowing Amount and (ii) $60,000,000 for at least 20 consecutive calendar days, or (b) during which a Specified Default has occurred and is continuing. “Wholly-Owned Restricted Subsidiary” of any Person shall mean a Restricted Subsidiary of such Person, 100% of the outstanding Capital Stock or other ownership interests of which (other than directors’ qualifying shares) shall at the time be owned by such Person or by one or more Wholly-Owned Subsidiaries of such Person. -68-
Sample 1

Related to Weekly 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.

  • 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.

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

  • 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.

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

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

  • Borrowing Base Test means as of any date, a determination that (a) the lesser of (i) the Borrowing Base and (ii) the Facility Amount shall be equal to or greater than (b) the Advances Outstanding.

  • 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.

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

  • Borrowing Base Amount means:

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

  • License Certificate means evidence of a license provided by Licensor to Licensee in electronic or printed form.

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

  • 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 8.11 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 7.01(a) or (b) after giving effect to the applicable transaction on a Pro Forma Basis.

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

  • Borrowing Request means a request by the Borrower for a Borrowing in accordance with Section 2.03.

  • 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.

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

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • 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.

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

  • Borrowing Base Deficit means, at any time of determination, the amount, if any, by which (a) the Aggregate Capital at such time, exceeds (b) the Borrowing Base at such time.

  • Merchandise certificate means a writing not redeemable in cash and usable in its face amount in lieu of cash in exchange for goods or services.

  • Borrowing Notice is defined in Section 2.8.