Interim Borrowing Base Certificate definition

Interim Borrowing Base Certificate means a report certified by the chief financial officer or other authorized officer of the Company, substantially in the form of Exhibit B, with appropriate insertions and schedules, showing the Borrowing Base as of the date set forth therein after giving effect to the credit extensions requested in relation to such Interim Borrowing Base Certificate.

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Interim Borrowing Base Certificate means a certificate, in substantially the form of Exhibit A-2, executed by the Servicer and the Borrower and delivered to the Agent pursuant to Section 3.02.

Interim Borrowing Base Certificate a certificate signed by a Financial Officer, in form and substance satisfactory to the Agent, providing only updated calculations of Eligible Accounts consistent with the calculation of Eligible Accounts in the Borrowing Base Certificates heretofore delivered to Agent and reflecting changes in the outstanding principal amount of Loans, in each case since delivery of the last Borrowing Base Certificate or Interim Borrowing Base Certificate, as the case may be, and pursuant to which Borrowers certify such calculations of the Eligible Accounts portion of such certificate and such changes in the outstanding principal amount of Loans as set forth in such certificate.”

Examples of Interim Borrowing Base Certificate in a sentence

Borrowers warrant, with respect to each Account at the time it is shown as an Eligible Account in a Borrowing Base Certificate or Interim Borrowing Base Certificate, that:” In all other respects, Section 9.1.25 remains in effect as set forth in the Loan Agreement.
Each Interim Borrowing Base Certificate shall be effective upon receipt by Agent.
The Interim Borrowing Base Certificate shall be in addition to, and not in lieu of, the monthly Borrowing Base Certificate required to be delivered to the Agent by the Borrowers pursuant to Section 5.2(a) of the Credit Agreement.
The Lead Borrower shall have (a) used commercially reasonable efforts to deliver to the Administrative Agent a satisfactory (i) field exam and inventory appraisal from an appraiser reasonably acceptable to the Administrative Agent and (ii) a Borrowing Base Certificate in form and substance reasonably satisfactory to the Administrative Agent or (b) delivered to the Administrative Agent an Interim Borrowing Base Certificate.
The Lead Borrowers shall have (a) used commercially reasonable efforts to deliver to the Administrative Agent a satisfactory (i) field exam and inventory appraisal from an appraiser reasonably acceptable to the Administrative Agent and (ii) a Borrowing Base Certificate in form and substance reasonably satisfactory to the Administrative Agent or (b) delivered to the Administrative Agent an Interim Borrowing Base Certificate.

More Definitions of Interim Borrowing Base Certificate

Interim Borrowing Base Certificate means an interim borrowing base certificate in the form previously agreed to between the Administrative Agent and the Lead Borrower or otherwise reasonably satisfactory to the Administrative Agent.

Interim Borrowing Base Certificate means a Borrowing Base Certificate in which information on Borrower’s Total Accounts, Total Inventory and Advances is updated on an interim semi-monthly basis as of the fifteenth (15th) and last day of each month.

Interim Borrowing Base Certificate has the respective meaning assigned to that term in the Committed Credit Agreement or the Uncommitted Credit Agreement, as applicable.

Interim Borrowing Base Certificate as defined in subsection 8.2(f)(iii).