Borrowing Base Certificate definition
Examples of Borrowing Base Certificate in a sentence
The Administrative Agent shall have received a Borrowing Base Certificate duly executed and delivered by the Borrower Representative in accordance with Section 6.04(b) (it being understood that such certificate may be included directly in the applicable Loan Notice or Request for Letter of Credit).
The most recent Borrowing Base Certificate, delivered to the Administrative Agent (if any) pursuant to Section 6.04, is accurate and not misleading in any material respect as of the date of such Borrowing Base Certificate.
Any reference to the Net Asset Value, the Borrowing Base or Aggregate Net Asset Value being calculated on a pro forma basis will be calculated based on the most recently delivered Compliance Certificate, Interim Compliance Certificate, Borrowing Base Certificate or Appraisal Valuation (if applicable) pro forma for the matters specified herein.