Borrowing Base Certificate definition
Examples of Borrowing Base Certificate in a sentence
Each Borrowing Base Certificate delivered to Administrative Agent, the Class A Committed Lenders, the Class B Lenders and Paying Agent shall bear a signed statement by an Authorized Officer certifying the accuracy and completeness in all material respects of all information included therein.
Each such Funding Notice shall be delivered with a Borrowing Base Certificate reflecting sufficient Class A Revolving Availability and Class B Revolving Availability, as applicable, for the requested Revolving Loans and a Borrowing Base Report.
The Borrowing Base Certificate required to be delivered with any Release Notice shall be dated and current as of the close of business on the date preceding the delivery date for such Release Notice set forth above and shall show pro forma calculations of the Reserve Account Funding Requirement, the Class A Borrowing Base and Class B Borrowing Base as of the applicable Release Date (after giving effect to any Release on such date).
The Client shall provide the Backup Servicer with the Monthly Servicing Report or Borrowing Base Report and Borrowing Base Certificate (collectively “Required Reports”) on or before the 10th day of each calendar month (or if such day is not a business day, the next succeeding business day).
Each Receivable that is identified by Company as an Eligible Receivable in a Borrowing Base Certificate satisfies all of the criteria set forth in the definition of Eligibility Criteria as of the applicable date set forth in such Borrowing Base Certificate or as otherwise indicated in the Eligibility Criteria.