Borrowing Base Calculation Date means the second (2nd) Business Day of each week or such other day as is mutually agreed to in writing by Borrower Representative and Administrative Agent.
Borrowing Base Calculation Date means (i) each Payment Date, (ii) each Borrowing Date, (iii) the date on which a Takeout Transaction consummated, and (iv) with respect to any other Borrowing Base Certificate delivered hereunder, the date such Borrowing Base Certificate is required to be delivered.
Borrowing Base Calculation Date has the meaning given to that term in clause 19 (Borrowing Base)
Examples of Borrowing Base Calculation Date in a sentence
Unless otherwise agreed by the Lender, the Borrower may utilise the Facility by delivery to the Lender of a duly completed Utilisation Request on a Borrowing Base Calculation Date which is not later than 9:30 a.m. two Business Days prior to the proposed Utilisation Date.
Unless otherwise agreed by the Lender, the Borrower may utilise the Facility by delivery to the Lender of a duly completed Utilisation Request no later than two Business Days after a Borrowing Base Calculation Date once every two weeks which is not later than 9:30am two Business Days prior to the proposed Utilisation Date.
CIM REAL ASSETS & CREDIT FUND By: Its: [Authorized Representative] SCHEDULE I Borrowing Base Calculation Date: ______________, 202_ The Consolidated Asset Value is: $__________________ EXHIBIT D FORM OF COMPLIANCE CERTIFICATE [on Borrower’s letterhead] To: Pacific Western Bank 7500 Xxxxxx Xxxxxx Xxxxx, Xxxxx 000 Xxxxxx, XX 00000 Attn: Lyx X.
More Definitions of Borrowing Base Calculation Date
Borrowing Base Calculation Date means the day that a Borrowing Base Certificate is submitted to the Lender.
Borrowing Base Calculation Date means _______________ __, 199_.
Borrowing Base Calculation Date. “Collateral”, “Competitor”, “Custodian File”, “DSCR”, “Early Amortization Event”, "Excess Concentration Amount", “Excluded Covenant”, “Financial Covenant”, “Hedge Requirements”, “Independent Engineering Report”, “Materially Adverse Cash Sweep Provisions”, “Material Adverse Effect”, “Material Project Documents”, “Minimum Payoff Amount”, “Partial Release Conditions”, “Solar Asset Portfolio Value”, “Solar Asset Portfolio Value (Non-Reduced Advance Rate)”, “Solar Asset Portfolio Value ([***])”, “Supplemental Reserve Account Deposit”, “Supplemental Reserve Account Required Balance”, “Takeout Transaction”, “Target Fund”, “Target Fund Approvals”, “Target Non-Qualifying Tax Equity Fund”, “Target Qualifying Tax Equity Fund”, “Target Tax Equity Opco”, “Target Wholly-Owned Subsidiary”, “Tax Equity Required Consent” or any of the component definitions of any thereof in a manner that would have the effect of increasing the Borrowing Base in any material respect without the written consent of the Super-Majority Lenders, except for any amendment to any such definition to (x) correct any scrivener error(s) or (y) clarify the meaning of any such definition; (xii) amend the definitions of “Borrowing Base”, “Eligible Solar Asset”, “Liquidity Reserve Account Required Balance”, “Post-PTO Reserve Account Required Balance”, or any of the component definitions of any thereof in a manner that would have the effect of increasing the Borrowing Base in any material respect without the written consent of all Lenders, except for any amendment to any such definition to (x) correct any scrivener error(s) or (y) clarify the meaning of any such definition; (xiii) amend the definition of Commitment or Exhibit E hereto without the consent of the Lender whose Commitment would be impacted thereby (it being understood that reductions of Commitments pursuant to Section 2.6(A) and increases in Commitments pursuant to Section 2.6(B) shall be governed by such Sections); (xiv) release or subordinate all or any material portion of the Collateral, or any Relevant Party from its obligations under the Collateral Documents or any membership interests without the written consent of each Lender, in each case, other than in connection with a disposition permitted hereunder; or (xv) effect an amendment pursuant to Section 10.29 or otherwise amend or waive compliance with paragraph 25 of Schedule II, in each case, without the consent of the Super-Majority Lenders. The Borrower agrees to provide notice to each...
Borrowing Base Calculation Date means (i) each Payment Date, (ii) each Borrowing Date, (iii) the date on which a Takeout Transaction consummated, and (iv) with respect to any other Borrowing Base Certificate delivered hereunder, the date such Borrowing Base Certificate is required to be delivered. “Borrowing Base Certificate” means a certificate in the form of Exhibit B-1 attached hereto. “Borrowing Base Deficiency” has the meaning set forth in Section 2.9. “Borrowing Base Pool” means, as of any date of determination, the pool of all Solar Assets included in the determination of Solar Asset Portfolio Value for purposes of calculating the Borrowing Base as reflected in the most recently delivered Borrowing Base Certificate. “Borrowing Date” means any Business Day on which an Advance is made at the request of the Borrower in accordance with provisions of this Agreement (including the Closing Date). “Breach Sweep Tax Credit Sale Contract” has the meaning set forth in the definition of Tax Credit Purchaser Breach Sweep Fund. “Breakage Costs” means, with respect to a failure by the Borrower, for any reason, to borrow any proposed Advance on the date specified in the applicable Notice of Borrowing (including as a result of the Borrower’s failure to satisfy any conditions precedent to such borrowing) after providing such Notice of Borrowing therefor, the resulting loss, cost, expense or liability incurred by reason of the liquidation or reemployment of deposits, actually sustained by the any Lender; provided, however, that such Lender shall use commercially reasonable efforts to minimize such loss or expense and shall have delivered to the Borrower a certificate as to the amount of such loss or expense, which certificate shall be conclusive in the absence of manifest error. “Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in New York,
Borrowing Base Calculation Date shall have the meaning specified in clause (g) of Section 5.2.
Borrowing Base Calculation Date means, with respect to the delivery date of any Borrowing Base Certificate, (a) if no Event of Cash Dominion exists, the last day of the preceding month or the last day of the next preceding month, as the case may be, and in addition (b) if an Event of Cash Dominion exists and is continuing, the last Business Day of the preceding week or, at the election of the Company, the preceding day.