Borrower Certification definition
Borrower Certification means with respect to any request for a Loan or any release of funds or substitution of assets with respect to the Collateral Account, a certification of the Investment Adviser on behalf of the Borrower stating that after giving effect to such Loan, release of funds or substitution: (A) (i) no Borrowing Base Deficiency will exist, and (ii) no Default would occur or be continuing, in each case based on the most recent Borrowing Base determination; and (B) in the case of any Loan, the proceeds of such Loan will be used solely for Permitted Uses and, in the case that such proceeds will be used to purchase an Eligible Collateral Asset, no Borrowing Base Deficiency would exist after giving effect to such purchase on a pro forma basis.
Borrower Certification means with respect to any request for a Loan or any release of funds or substitution of assets with respect to the Collateral Account, a certification of the Borrower Parent on behalf of the Borrower (which, for the avoidance of doubt, shall be deemed to be made in the case of a substitution) stating that after giving effect to such Loan, release of funds or substitution: (A) (i) no Borrowing Base Deficiency or Currency Asset Amount Shortfall will exist, and (ii) no Default would occur or be continuing, in each case based on the most recent Borrowing Base determination; and (B) in the case of any Loan, the proceeds of such Loan will be used solely for Permitted Uses and, in the case that such proceeds will be used to purchase a Collateral Asset or to fund a commitment on a Revolving Loan or Delayed Drawdown Loan, no Borrowing Base Deficiency or Currency Asset Amount Shortfall would exist after giving effect to such purchase or funding on a pro forma basis.
Borrower Certification means a certification in the form attached to this Agreement as Exhibit F, together with all accompanying documentation reasonably required by Lender.
Examples of Borrower Certification in a sentence
At all times during the term of the Loan, Borrower shall comply with all other covenants, terms and conditions set forth in the Borrower Certification, the Facility and/or the CARES Act.
Any existing debt owed by the Borrower to a lender that is not the Lender that is to be refinanced with Loan proceeds shall be repaid in accordance with the terms and conditions set forth in the Borrower Certification, the Facility and the CARES Act, and if such debt is owed to an owner or to an affiliate of the Borrower, then it may only be refinanced with Loan proceeds if it is deemed bona fide, as more particularly described in Section 6(aa) above.
Borrower represents and warrants to Bank that the Loans To One Borrower Certification submitted by it to Bank in connection with its application for this financing arrangement is true, complete and accurate in all material respects, and that Borrower does not exceed Bank's loan to one borrower limits.
CPCFA will collect all other loan enrollment data on the Borrower Certification, not included in the monthly reporting below.
Customer (Borrower) Certification I, the undersigned, certify that, as of the date of my signature, Contractor/Dealer (Seller) has satisfactorily completed all work/services, and that I find satisfactory all materials and products provided to me.
More Definitions of Borrower Certification
Borrower Certification means a notarized certificate from Borrower, certifying that (A) Borrower is (i) current on all loan payments secured by a lien on the Property, (ii) current on Real Estate Tax and personal property tax payments, (iii) current on all federal, state and local taxes and that there is no federal income tax lien, judgment lien or similar involuntary lien against the Property, and (iv) not insolvent or in bankruptcy or foreclosure proceedings, and (B) the title of the Property is not in dispute.
Borrower Certification means, with respect to any request for a Loan, a certification of the Borrower stating that (i) no Default or Event of Default will occur or be continuing after giving effect to such Loan, and (ii) the proceeds of such Loan will be used solely for Permitted Uses.
Borrower Certification means with respect to any request for a Credit Extension or any release of funds or any Collateral Asset with respect to the Collateral Account, a certification of the Investment Advisor or another agent appointed by the Borrower, not in its individual capacity, but solely as agent for the Borrower, that is reasonably acceptable to the Administrative Agent and as to which the Borrower has delegated the authority to prepare, issue and execute Borrower Certifications on behalf of the Borrower, stating that, after giving effect to such Loan or release of funds or Collateral Assets: (A) no Borrowing Base Deficiency would exist (based on the most recent Borrowing Base determination received from the Calculation Agent), (B) no Default would exist and be continuing, (C) in the case of a request for a Letter of Credit, such L/C Credit Extension will be used solely for Permitted Uses and (D) in the case of any Loan, (i) the proceeds of such Loan would be used solely for Permitted Uses and (ii) in the case that such proceeds would be used to purchase Collateral Assets, no Borrowing Base Deficiency would exist after giving effect to such purchases on a pro forma basis (based on the most recent Borrowing Base determination received from the Calculation Agent). For the avoidance of doubt, to the extent that the foregoing certifications are made as Borrower Transaction Certifications (as [***] CONFIDENTIAL PORTIONS OMITTED AND FILED SEPARATELY WITH THE COMMISSION defined in the Collateral Administration Agreement), such Borrower Transaction Certifications are Borrower Certifications.
Borrower Certification means with respect to any request for a Loan or any release of funds or substitution of assets with respect to the Collateral Account, a certification of the Borrower or the Servicer on its behalf (which, for the avoidance of doubt, shall be deemed to be made in the case of a substitution) stating that after giving effect to such Loan, release of funds or substitution: (A) (i) no Borrowing Base Deficiency will exist, and (ii) no Default or Event of Default would occur or be continuing, in each case based on the most recent Borrowing Base determination; and (B) in the case of any Loan, the proceeds of such Loan will be used solely for Permitted Uses and, in the case that such proceeds will be used to purchase a Collateral Asset or to fund a commitment on a Revolving Loan or Delayed Drawdown Loan, no Borrowing Base Deficiency would exist after giving effect to such purchase or funding on a pro forma basis.
Borrower Certification means with respect to any request for a Loan or any release of funds or substitution of assets with respect to the Collateral Account, a certification of the Investment Adviser on behalf of the Borrower stating that after giving effect to such Loan, release of funds or substitution: (A) (i) no Borrowing Base Deficiency will exist, and (ii) no Default would occur or be continuing, in each case based on the most recent Borrowing Base determination; and (B) in the case of any Loan, the proceeds of such Loan will be used solely for Permitted Uses and, in the case that such proceeds will be used to purchase a Collateral Asset, no Borrowing Base Deficiency would exist after giving effect to such purchase on a pro forma basis. “Borrower Materials” has the meaning specified in Section 6.02. “Borrower Parent” means Barings BDC Finance I, LLC. “Borrowing” means a Committed Borrowing. “Borrowing Base” has the meaning specified in Annex C. “Borrowing Base Deficiency” has the meaning specified in Annex C. 3
Borrower Certification means a notarized certificate from Borrower, certifying that (i) Borrower is (a) current on all loan payments secured by a lien on the Property, (b) current on Real Estate Tax and personal property tax payments, (c) current on all federal, state and local taxes and that there is no federal income tax lien, judgment lien, or other involuntary lien against the Property, and (d) not insolvent or in bankruptcy or foreclosure proceedings, and (ii) the title of the Property is not in dispute, as evidenced by a title report or title insurance commitment from a title insurance company acceptable to Program Administrator and/or Capital Provider.
Borrower Certification means with respect to any request for a Loan or any release of funds or substitution of assets with respect to the Collateral Account or the Collection Account, a certification of the Collateral Manager on behalf of the Borrower (which, for the avoidance of doubt, shall be deemed to be made in the case of a substitution) stating that after giving effect to such Loan, release of funds or substitution: (A) (i) no Borrowing Base Deficiency will exist and (ii) no Default or Event of Default would occur or be continuing, in each case based on the most recent Borrowing Base determination; and (B) in the case of any Loan, the proceeds of such Loan will be used solely for Permitted Uses and, in the case that such proceeds will be used to purchase a Collateral Asset, no Borrowing Base Deficiency would exist after giving effect to such purchase or funding on a pro forma basis.