Common use of Borrower Certification Clause in Contracts

Borrower Certification. Any Borrower Certification proves to have been inaccurate, other than to the extent that (i) the Calculation Agent makes an arithmetic error in the Borrowing Base provided by the Calculation Agent with respect to such Borrower Certification or (ii) notwithstanding such Borrower Certification, a Borrowing Base Deficiency resulted in the case of a Loan to purchase a Collateral Asset or release of funds to purchase a Collateral Asset and such Borrowing Base Deficiency (A) was in an amount less than $1,000,000 and (B) was timely cured pursuant to Section 2.03(B); or