Borrower’s Monthly Settlement Certificate definition
Borrower’s Monthly Settlement Certificate means a certificate completed and executed by an Authorized Officer of the Borrower substantially in the form of Exhibit G. “Borrowing Base Certificate” means the certificate from the Servicer, executed and delivered by the Servicer, setting forth the calculation of the Class A Borrowing Base and Class B Borrowing Base, substantially in the form of Exhibit C, and certifying as to the accuracy of such calculations and the information set forth in the related Data File attached thereto. “Borrowing Base Deficiency” means a Class A Borrowing Base Deficiency or a Class B Borrowing Base Deficiency. “Business Day” means any (i) day other than a Saturday, a Sunday, or other day on which commercial banks located in the states of Georgia or New York or in London, England are, or the fixed income trading market in New York is, authorized or obligated to be closed and (ii) if the applicable Business Day relates to the determination of LIBO Rate or any successor rate thereto, a day which is a day described in the foregoing clause (i) and that is also a day open for trading by and between banks in the London interbank eurodollar market or any other related market relating to such successor rate. “Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP; provided that, any obligations relating to a lease that would have been accounted for as an operating lease prior to August 1, 2019 shall not be accounted for as Indebtedness relating to lease obligations pursuant to GAAP after August 1, 2019. “Change of Control” means:
Borrower’s Monthly Settlement Certificate means a certificate completed and executed by an Authorized Officer of the Borrower substantially in the form of Exhibit G.
Examples of Borrower’s Monthly Settlement Certificate in a sentence
In connection with any amounts to be reimbursed to any Lender on a Settlement Date pursuant to this Section, the Borrower hereby agrees that it shall cause the Servicer to reflect such amounts to be reimbursed to each Lender on the Borrower’s Monthly Settlement Certificate.