Borrowing Base Certificate definition

Borrowing Base Certificate means a certificate, signed and certified as accurate and complete by a Financial Officer of the Borrower Representative, in substantially the form of Exhibit C or another form which is acceptable to the Administrative Agent in its sole discretion.

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Borrowing Base Certificate means a certificate of a Financial Officer of the Borrower, substantially in the form of Exhibit B and appropriately completed.

Borrowing Base Certificate means a certificate in the form of Exhibit B-1.

Examples of Borrowing Base Certificate in a sentence

The current Data Tape delivered on the Closing Date and as of the date of delivery of each Borrowing Base Certificate is true and correct in all material respects (including any field in such Data Tape that indicates that a Vehicle Contract is an Eligible Vehicle Contract or that a Vehicle constituting Inventory is Eligible Vehicle Inventory) and collectively identifies the entire portfolio of the Vehicle Contracts and the Vehicles that constitute Inventory and Financed Vehicles, without duplication.
The Administrative Agent shall have received a fully executed and delivered Borrowing Base Certificate, demonstrating that, as of the Closing Date after giving effect to the Related Transactions, the Borrowing Base shall exceed the aggregate outstanding principal amount of the Loans and the Borrowers shall be in pro forma compliance with the financial covenants set forth in Section 6.15.
Not later than the third (3rd) Business Day following (i) each delivery of a Borrowing Base Certificate pursuant to Section 5.1(k) and/or (ii) the delivery of a Borrowing Base Deficiency Notice by the Administrative Agent to the Borrowers, as applicable, the Borrowers shall prepay the Loans in an aggregate amount, if any, equal to the aggregate balance of outstanding Loans taken as a whole that exceeds the Borrowing Base (such excess, a “Borrowing Base Deficiency”).
Without limiting the statements contained in any Borrowing Base Certificate, the statements in each Borrowing Base Certificate are, or will be when such Borrowing Base Certificate is delivered, true and correct in all material respects.

More Definitions of Borrowing Base Certificate

Borrowing Base Certificate means a certificate setting forth the calculation of the Borrowing Base as of the applicable date of determination substantially in the form of Exhibit C hereto, prepared by the Servicer.

Borrowing Base Certificate means a certificate duly executed by an officer of Borrowing Agent appropriately completed and in substantially the form of Exhibit A hereto.

Borrowing Base Certificate means a Borrowing Base Certificate, substantially in the form of Exhibit N (with such changes thereto as may be reasonably required by the Administrative Agent from time to time to reflect the components of, or Reserves against, the Borrowing Base as provided for hereunder), together will all attachments and supporting documentation contemplated thereby, signed and certified as accurate and complete by a Financial Officer of the Borrower.

Borrowing Base Certificate means a certificate substantially in the form of Exhibit B-1 to this Agreement, which such form of Borrowing Base Certificate may be amended, restated, supplemented or otherwise modified from time to time (including without limitation, changes to the format thereof), as approved by Agent in Agent’s sole discretion.

Borrowing Base Certificate is that certain certificate in the form attached hereto as Exhibit C.

Borrowing Base Certificate has the meaning provided in Section 6.02(c).

Borrowing Base Certificate means a Borrowing Base Certificate substantially in the form of Exhibit A hereto.