Borrowing Report definition

Borrowing Report has the meaning ascribed to it in Section 6.1.(c) hereof.
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Borrowing Report means a request, in the form of Exhibit C to this Agreement, for a Borrowing pursuant to Article II.
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Borrowing Report means a report, in substantially the form of Exhibit A, delivered by the Servicer pursuant to Section 6.11(h) which, among other things, (a) shall calculate the Adjusted Net Eligible Receivables Balance using (i) Eligible Receivables data current as of (and, in any event, not including any Receivable which was a Delinquent Receivable as of) the end of business on the Business Day prior to the Business Day it is delivered by the Servicer to the Agent and the Facility Insurer (the "Borrowing Report Delivery Date") and (ii) an Overconcentration Amount, a Canadian Overconcentration Amount, an Adjusted Loss Reserve, an Adjusted Dilution Reserve and an Adjusted Yield and Fee Reserve, in each case, as of the end of business on the Business Day prior to such Borrowing Report Delivery Date, (b) sets forth the amount of the Borrowing which the Borrower requests be advanced on the next Borrowing Date and (c) demonstrates that after giving effect to such Borrowing and the Pledge of the Eligible Receivables to be purchased by the Borrower with the proceeds of such Borrowing, if any, the Capital Limit shall not be less than the Facility Amount.
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Examples of Borrowing Report in a sentence

  • The Borrowing Base shall be calculated by reference to the most recent Borrowing Report delivered by the Company under Section 6.1.(c) hereof.

  • In addition, in any Borrowing Report, the Borrower may request that an Advance be part of the CP Allocation and may request the length of any related Interest Period.

  • The Company may request that it receive a Revolving Loan in excess of the amount which would be available under the most recent Borrowing Report delivered by the Company; provided, however, that the Company shall provide the Bank with evidence set forth in a new Borrowing Report to be delivered with such request that, on a pro forma basis, the inclusion of the value of new or reappraised Facilities will be sufficient to increase the Borrowing Base so as to permit the requested borrowing.

  • However, requested transfers will not be made if (A) as reflected in the most recent Borrowing Report, total Principal Debt will equal or exceed the total Collateral Value of Eligible Mortgage Collateral immediately after giving effect to a requested transfer and any accompanying substitution of Mortgage Collateral, or (B) the Collateral Agent shall have received written notice from the Administrative Agent that a Default or Event of Default has occurred.

  • Each Borrowing Report shall be automatically deemed to constitute a representation and warranty by the Borrower on the Borrowing Date set forth therein to the effect that all of the conditions of this Section 4.3 are satisfied as of such Borrowing Date.

  • The Company may request that it receive a Revolving Loan in excess of the amount which would be available under the most recent Borrowing Report delivered by the Company; provided, however, that the Company shall provide the Agent with evidence set forth in a new Borrowing Report to be delivered with such request that, on a pro forma basis, the inclusion of the value of new or reappraised Facilities will be sufficient to increase the Borrowing Base so as to permit the requested borrowing.

  • All of the representations and warranties set forth on the Schedule of Representations were true and correct as of each Conveyance Date with respect to each Receivable which was Conveyed on such Conveyance Date and thereafter included as an Eligible Receivable for purposes of calculating the Net Eligible Receivables Balance and/or preparing a Daily Report, Borrowing Report or Monthly Remittance Report.

  • As soon as available but in any event within fifty (50) days of the end of each fiscal quarter, the Company shall furnish to the Banks a report in the form of Exhibit F attached hereto setting forth a computation of the Borrowing Base, a listing of all Investments which are thirty (30) days or more delinquent in payments to the Company and such other information in respect of the Borrowing Base as the Banks may reasonably require (the "Borrowing Report").

  • The Borrowing Base shall be calculated by reference to the most recent Borrowing Report delivered by the Company under Section 7.1.(c) hereof.

  • As soon as available but in any event within fifty (50) days of the end of each fiscal quarter, the Company shall furnish to the Bank a report in the form of Exhibit F attached hereto setting forth a computation of the Borrowing Base, a listing of all Investments which are thirty (30) days or more delinquent in payments to the Company and such other information in respect of the Borrowing Base as the Bank may reasonably require (the "Borrowing Report").


More Definitions of Borrowing Report

Borrowing Report means a report, in substantially the form of Exhibit A annexed hereto and made a part hereof, to be delivered to the Lender by the Borrower prior to or in connection with each request for an Advance under this Agreement, setting forth, inter alia (a) the date by which the Borrower needs the Funds, which must be a Business Day, (b) the requested Advance amount (c) the purpose and use of the Funds to be received from the Advance, including the name of the Person to whom payments will be made by the Borrower, (d) delivery instructions for the Advance, and (e) such other information as the Lender may, from time to time, reasonably request as is necessary for the Lender to issue the Advance to the Borrower.
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Borrowing Report means a report, in substantially the form of Annex D to the Agreement.
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Borrowing Report means the report regarding Borrower's and the Consolidated Subsidiaries Eligible Accounts and Net Security Value of Inventory which report is to be in the form of Exhibit "H" attached hereto.
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Related to Borrowing Report

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

  • 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.

  • Swingline Borrowing Request means a request by a Borrower substantially in the form of Exhibit C-2.

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

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

  • Borrowing Notice is defined in Section 2.8.

  • borrowing rate means the interest rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit drawn down;

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Notice of Committed Borrowing has the meaning set forth in Section 2.02.

  • 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.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Funding Request shall have the meaning set forth in Section 5.3(a).

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • Notice of Swingline Borrowing means a notice substantially in the form of Exhibit G (or such other form reasonably acceptable to the Administrative Agent and containing the information required in such Exhibit) to be delivered to the Swingline Lender pursuant to Section 2.4.(b) evidencing the Borrower’s request for a Swingline Loan.

  • Borrowing Agent means any of the following:

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Request for Borrowing has the meaning provided in Section 2.3(a).

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Swingline Borrowing means a Borrowing comprised of Swingline Loans.

  • Notice of Competitive Bid Borrowing has the meaning specified in Section 2.03(a).

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Mandatory Borrowing shall have the meaning provided in Section 2.1(d).

  • Notices of Borrowing means, collectively, the Notices of Revolving Borrowing and the Notices of Swingline Borrowing.

  • Canadian Base Rate Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of Article II.