{"component": "clause", "props": {"groups": [{"samples": [{"hash": "kJ5ZhhbtrGP", "uri": "/contracts/kJ5ZhhbtrGP#borrowing-certificate", "label": "364 Day Credit Agreement (L 3 Communications Corp)", "score": 18.0, "published": true}, {"hash": "ff3jVvRXVEh", "uri": "/contracts/ff3jVvRXVEh#borrowing-certificate", "label": "Credit Agreement (Landstar System Inc)", "score": 18.0, "published": true}, {"hash": "eAvhGbc0pjS", "uri": "/contracts/eAvhGbc0pjS#borrowing-certificate", "label": "Credit Agreement (L 3 Communications Corp)", "score": 18.0, "published": true}], "size": 47, "snippet_links": [{"key": "agent-shall", "type": "definition", "offset": [19, 30]}, {"key": "each-lender", "type": "clause", "offset": [69, 80]}, {"key": "certificate-of-the-borrower", "type": "clause", "offset": [84, 111]}, {"key": "the-closing-date", "type": "clause", "offset": [119, 135]}, {"key": "form-of", "type": "clause", "offset": [158, 165]}, {"key": "exhibit-d", "type": "definition", "offset": [166, 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"executed-by", "type": "clause", "offset": [286, 297]}, {"key": "officers-of-the", "type": "clause", "offset": [314, 329]}], "snippet": "The Administrative Agent shall have received, with a counterpart for each Lender, a certificate of the Borrower, dated the Closing Date, substantially in the form of Exhibit C, with appropriate insertions and attachments, satisfactory in form and substance to the Administrative Agent, executed by two Responsible Officers of the Borrower.", "hash": "2bc767ec251a1600b959c285b60301ef", "id": 8}, {"samples": [{"hash": "3LKdES5GAyf", "uri": "/contracts/3LKdES5GAyf#borrowing-certificate", "label": "Delayed Draw Term Loan Credit Agreement (Western Union CO)", "score": 37.0219028063, "published": true}, {"hash": "aOItrGi2G0D", "uri": "/contracts/aOItrGi2G0D#borrowing-certificate", "label": "Term Loan Agreement (Western Union CO)", "score": 29.9664611816, "published": true}, {"hash": "7nFLcbb5NSf", "uri": "/contracts/7nFLcbb5NSf#borrowing-certificate", 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370]}], "snippet": "The Administrative Agent shall have received, on or prior to the time required for its receipt pursuant to subsection 2.3, a Borrowing Certificate with respect to the Loans requested to be made on such date. Each borrowing by the Company hereunder shall constitute a representation and warranty by the Company as of the date of such Loan that the conditions contained in subsections 4.2(a) and 4.2(b) have been satisfied.", "hash": "9c6f396ab223a434f5bd01325558eeb4", "id": 6}, {"samples": [{"hash": "fJGmswTquqp", "uri": "/contracts/fJGmswTquqp#borrowing-certificate", "label": "Senior Credit Agreement (Skyline Multimedia Entertainment Inc)", "score": 18.0, "published": true}, {"hash": "buJIfhBXgZD", "uri": "/contracts/buJIfhBXgZD#borrowing-certificate", "label": "Senior Credit Agreement (Prospect Street Nyc Discovery Fund Lp)", "score": 18.0, "published": true}], "size": 6, "snippet_links": [{"key": "additional-lender", "type": "definition", "offset": [5, 22]}, {"key": "a-borrowing", "type": "definition", "offset": [43, 54]}, {"key": "as-required-by", "type": "clause", "offset": [67, 81]}, {"key": "section-23", "type": "clause", "offset": [82, 93]}], "snippet": "Each Additional Lender shall have received a Borrowing Certificate as required by Section 2.3.", "hash": "1e01d47b60951ff22cac75f1dca795ae", "id": 10}, {"samples": [{"hash": "9Aoi4B5HA5N", "uri": "/contracts/9Aoi4B5HA5N#borrowing-certificate", "label": "Credit Agreement (RSC Holdings Inc.)", "score": 21.0, "published": true}, {"hash": "8okJVHXxbb3", "uri": "/contracts/8okJVHXxbb3#borrowing-certificate", "label": "Credit Agreement (RSC Equipment Rental, Inc.)", "score": 21.0, "published": true}, {"hash": "3VTfKlFFHpy", "uri": "/contracts/3VTfKlFFHpy#borrowing-certificate", "label": "Credit Agreement (RSC Holdings Inc.)", "score": 18.0, "published": true}], "size": 6, "snippet_links": [{"key": "the-us", "type": "clause", "offset": [0, 7]}, {"key": "agent-shall", "type": "definition", "offset": [24, 35]}, {"key": "parent-borrower", "type": "clause", "offset": [73, 88]}, {"key": "the-closing-date", "type": "clause", "offset": [96, 112]}, {"key": "form-of", "type": "clause", "offset": [135, 142]}, {"key": "exhibit-i", "type": "definition", "offset": [143, 152]}, {"key": "form-and-substance", "type": "clause", "offset": [226, 244]}, {"key": "executed-by", "type": "clause", "offset": [279, 290]}, {"key": "responsible-officer", "type": "clause", "offset": [293, 312]}, {"key": "the-secretary", "type": "clause", "offset": [317, 330]}, {"key": "assistant-secretary", "type": "definition", "offset": [338, 357]}], "snippet": "The U.S. Administrative Agent shall have received a certificate from the Parent Borrower, dated the Closing Date, substantially in the form of Exhibit I, with appropriate insertions and attachments, reasonably satisfactory in form and substance to the U.S. Administrative Agent, executed by a Responsible Officer and the Secretary or any Assistant Secretary of the Parent Borrower.", "hash": "0bdc012b290c8aa57bb661d846352ba7", "id": 9}, {"samples": [{"hash": "lR79lf60RkW", "uri": "/contracts/lR79lf60RkW#borrowing-certificate", "label": "Credit Agreement (Genesis Healthcare Corp)", "score": 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"a-borrowing", "type": "definition", "offset": [162, 173]}, {"key": "with-respect-to", "type": "clause", "offset": [186, 201]}, {"key": "the-loans", "type": "clause", "offset": [202, 211]}], "snippet": "In the case of Revolving Credit Loans, the Administrative Agent shall have received, on or prior to the time required for its receipt pursuant to subsection 2.3, a Borrowing Certificate with respect to the Loans requested to be made on such date.", "hash": "d9acd83e38aee7c88e5a85a08887a72e", "id": 4}, {"samples": [{"hash": "1HGYvYv4ipC", "uri": "/contracts/1HGYvYv4ipC#borrowing-certificate", "label": "Five Year Credit Agreement (Arrow Electronics Inc)", "score": 21.0, "published": true}, {"hash": "cc81QMEmGQ2", "uri": "/contracts/cc81QMEmGQ2#borrowing-certificate", "label": "Credit Agreement (Arrow Electronics Inc)", "score": 18.0, "published": true}, {"hash": "9rbF4N8UWPh", "uri": "/contracts/9rbF4N8UWPh#borrowing-certificate", "label": "Credit Agreement (Arrow Electronics Inc)", "score": 18.0, "published": true}], "size": 10, "snippet_links": [{"key": "in-the-case", "type": "clause", "offset": [0, 11]}, {"key": "the-closing-date", "type": "clause", "offset": [59, 75]}, {"key": "agent-shall", "type": "definition", "offset": [96, 107]}, {"key": "each-bank", "type": "clause", "offset": [145, 154]}, {"key": "certificate-of-the-company", "type": "definition", "offset": [158, 184]}, {"key": "dated-as-of", "type": "definition", "offset": [186, 197]}, {"key": "form-of", "type": "clause", "offset": [230, 237]}, {"key": "exhibit-e", "type": "definition", "offset": [238, 247]}, {"key": "form-and-substance", "type": "clause", "offset": [310, 328]}, {"key": "executed-by", "type": "clause", "offset": [358, 369]}, {"key": "responsible-officer-of-the-company", "type": "definition", "offset": [374, 408]}], "snippet": "In the case of the first requested borrowing subsequent to the Closing Date, the Administrative Agent shall have received with a counterpart for each Bank, a certificate of the Company, dated as of such date, substantially in the form of Exhibit E, with appropriate insertions and attachments, satisfactory in form and substance to the Administrative Agent, executed by any Responsible Officer of the Company.", "hash": "c3cd21754531623e4c078029df4b4f96", "id": 5}, {"samples": [{"hash": "jWJmnEoy0SS", "uri": "/contracts/jWJmnEoy0SS#borrowing-certificate", "label": "Loan and Security Agreement (Focal Communications Corp)", "score": 18.0, "published": true}, {"hash": "iNAvCbIGleJ", "uri": "/contracts/iNAvCbIGleJ#borrowing-certificate", "label": "Loan and Security Agreement (Startec Global Communications Corp)", "score": 18.0, "published": true}], "size": 9, "snippet_links": [{"key": "duly-executed", "type": "clause", "offset": [29, 42]}, {"key": "form-of", "type": "clause", "offset": [72, 79]}, {"key": "exhibit-b", "type": "clause", "offset": [80, 89]}, {"key": "services-to-be", "type": "clause", "offset": [150, 164]}, {"key": "the-advance", "type": "clause", "offset": [191, 202]}, {"key": "documentation-satisfactory", "type": "clause", "offset": [233, 259]}, {"key": "to-lender", "type": "definition", "offset": [260, 269]}], "snippet": "Lender shall have received a duly executed Borrowing Certificate in the form of Exhibit B, including a detailed itemization of all costs of goods and services to be paid with the proceeds of the Advance and accompanied by supporting documentation satisfactory to Lender.", "hash": "d679bc6d757c375450691f20fbcdc042", "id": 7}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih5ib3Jyb3dpbmctY2VydGlmaWNhdGUjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Borrowing Certificate", "size": 314, "children": [["financial-statements", "Financial Statements"], ["certificates-other-information", "Certificates; Other Information"], ["notices", "Notices"], ["use-of-proceeds", "Use of Proceeds"], ["conduct-of-business-and-maintenance-of-existence", "Conduct of Business and Maintenance of Existence"]], "parents": [["conditions-precedent", "Conditions Precedent"], ["conditions-to-initial-loans", "Conditions to Initial Loans"], ["conditions-of-lending", "Conditions of Lending"], ["conditions-to-initial-extension-of-credit", "Conditions to Initial Extension of Credit"], ["conditions-to-effectiveness", "Conditions to Effectiveness"]], "id": "borrowing-certificate", "related": [["execution-of-loan-documents-borrowing-base-certificate", "Execution of Loan Documents; Borrowing Base Certificate", "Execution of Loan Documents; Borrowing Base Certificate"], ["borrowing-base-certificate", "Borrowing Base Certificate", "Borrowing Base Certificate"], ["borrowing-base-certificates", "Borrowing Base Certificates", "Borrowing Base Certificates"], ["closing-certificate-certified-certificate-of-incorporation-good-standing-certificates", "Closing Certificate; Certified Certificate of Incorporation; Good Standing Certificates", "Closing Certificate; Certified Certificate of Incorporation; Good Standing Certificates"], ["notice-of-borrowing-letter-of-credit-request", "Notice of Borrowing; Letter of Credit Request", "Notice of Borrowing; Letter of Credit Request"]], "related_snippets": [], "updated": "2026-01-11T05:33:42+00:00", "also_ask": ["What key representations should a Borrowing Certificate include to protect the lender?", "How can the Borrowing Certificate be structured to minimize borrower liability while satisfying lender requirements?", "What are common negotiation points or carve-outs in Borrowing Certificate provisions?", "How have courts treated the enforceability of Borrowing Certificates in loan default disputes?", "How do Borrowing Certificate requirements differ across major jurisdictions or loan types?"], "drafting_tip": "Specify required contents and signatories of the Borrowing Certificate to ensure clarity and enforceability; set submission deadlines to facilitate timely compliance.", "explanation": "A Borrowing Certificate clause requires a borrower to provide a formal statement or certificate confirming certain financial or operational facts, typically as a condition for drawing funds under a loan agreement. This certificate may include representations about the borrower's compliance with loan covenants, the accuracy of financial statements, or the absence of default events. By mandating such documentation, the clause ensures that lenders receive up-to-date assurances before advancing funds, thereby reducing the risk of lending under false pretenses or in breach of agreed terms."}, "json": true, "cursor": ""}}