Borrowing Base Certificate definition

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 Certificate means a certificate of a Financial Officer of the Borrower, substantially in the form of Exhibit B and appropriately completed.

Borrowing Base Certificate means a certificate in the form of Exhibit B-1.

Examples of Borrowing Base Certificate in a sentence

• If, at any time, (A) the Revolver Usage on such date exceeds (B) the lesser of (x) the Borrowing Base reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Agent, or (y) the Maximum Revolver Amount, in all cases as adjusted for Reserves established by Agent in accordance with Section 2.1(c), then Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the amount of such excess.

• As to each Account that is identified by Borrowers as an Eligible Account in a Borrowing Base Certificate submitted to Agent, such Account is not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definition of Eligible Accounts.

• If, at any time, (A) the Revolver Usage on such date exceeds (B) the Borrowing Base reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Agent, then Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the amount of such excess.

• As to each item of Inventory that is identified by Borrowers as Eligible Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Agent- discretionary criteria) set forth in the definition of Eligible Inventory.

• Delivery of (i) a Compliance Certificate, substantially in the form of Exhibit B, as of March 31, 2014, and (ii) a Borrowing Base Certificate, substantially in the form of Exhibit C, as of March 31, 2014.

More Definitions of Borrowing Base Certificate

Borrowing Base Certificate means a certificate setting forth the calculation of the Borrowing Base as of the applicable date of determination substantially in the form of Exhibit C hereto, prepared by the Servicer.

Borrowing Base Certificate means a certificate duly executed by an officer of Borrowing Agent appropriately completed and in substantially the form of Exhibit A hereto.

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

Borrowing Base Certificate is that certain certificate in the form attached hereto as Exhibit C.

Borrowing Base Certificate means a certificate to be executed and delivered from time to time by Borrower in the form attached to the Agreement as Exhibit 4.1(b).

Borrowing Base Certificate has the meaning provided in Section 6.02(c).

Borrowing Base Certificate means a borrowing base certificate, in substantially the form of Exhibit E attached hereto, executed by a Responsible Officer of Borrower.