U.S. Revolving Borrowing Base Certificate Clause Samples

U.S. Revolving Borrowing Base Certificate. On each Revolving Measurement Date (for or relating to the immediately preceding calendar month), a U.S. Revolving Borrowing Base Certificate of the president or chief financial officer of the Borrower (on behalf of the Borrower) in substantially the form of Exhibit D (a “U.S. Revolving Borrowing Base Certificate”), accompanied by the Accounts Detail Report and Accounts Report supporting such certificate, which sets forth the calculation of the U.S. Revolving Borrowing Base as of such Revolving Measurement Date for or relating to the immediately preceding calendar month in accordance with the definition thereof in Section 2.3 and that demonstrates compliance with the U.S. Revolving Borrowing Base eligibility for such immediately preceding calendar month. No later than 10 days prior to the delivery of the U.S. Revolving Borrowing Base Certificate for the next succeeding Revolving Measurement Date, the Borrower may submit an updated U.S. Revolving Borrowing Base Certificate current as of the date of delivery of such certificate.