Base certificate definition
Examples of Base certificate in a sentence
Borrower shall provide the following reports to Lender, all in a form satisfactory to Lender: not later than 45 days following, and as of the end of each month, a Borrowing Base certificate.
Borrower will not include on any Borrowing Base certificate any Accounts which arise from any sale to any customer on a ▇▇▇▇-and-hold, guaranteed sale, sale and return, sale on approval or consignment basis, or any sale on a repurchase or return basis without DFS' prior written consent.
Not later than the 30th day of each calendar month, Borrower shall deliver to Lender a Borrowing Base certificate calculating the Borrowing Base as at the end of the immediately preceding calendar month.
Borrowers shall have delivered to Lender an initial Borrowing Base certificate.
If the amount of the Revolving Loans plus Letter of Credit Obligations outstanding at any time exceed Thirty Million and 00/100 Dollars ($30,000,000.00) for thirty (30) or more consecutive days as determined from Borrowers’ then current financial statements, the Borrowers will be required to submit, within five days following each month thereafter and upon request for a Loan or a Letter of Credit under the Agreement, a Borrowing Base certificate in the form of Schedule 9.13 hereto.
All references in the Loan Agreement to the "Borrowing Base Certificate" and other references of similar import shall hereafter be amended and deemed to refer to the Borrowing Base certificate in the form attached hereto as Exhibit A.
As soon as available and in any event within twenty (20) days after the end of each calendar month, a Borrowing Base certificate in form and substance satisfactory to the Bank.
On each Borrowing Base certificate given to Lender in connection with a request for a Revolving Credit Loan, Borrower has disclosed to Lender the amount of any Medicare or Medicaid recoupments or recoupments of any third-party payor being sought, requested or claimed, or, to Borrower's knowledge, threatened against the Borrower, or any of its Affiliates.
In connection with any draw, Borrower shall submit a Borrowing Base certificate to confirm the sufficiency of the Borrowing Base for the requested advance.
On the Business Day on which any Asset Disposition occurs, the Funds Administrator shall deliver to Administrative Agent a Borrowing Base certificate prepared on a pro forma basis (a “Pro Forma Borrowing Base Certificate”) giving effect to such Asset Disposition and setting forth the value of the Inventory and Receivables previously included in the Borrowing Base and disposed of in such Asset Disposition.