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 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.”
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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.
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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.

  • Amended and Restated Credit Agreement dated as of January 27, 2012 [Form of] Interim Borrowing Base Certificate For the period ended _______, 201_ All capitalized terms used herein (and in the accompanying Schedule I) and not defined have the meaning ascribed to them in the Amended and Restated Credit Agreement dated as of January 27, 2012 (the "Credit Agreement") among J.

  • 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.

  • 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.


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 Borrowers or otherwise reasonably satisfactory to the Administrative Agent.
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Interim Borrowing Base Certificate has the respective meaning assigned to that term in the Committed Credit Agreement or the Uncommitted Credit Agreement, as applicable.
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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.
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Interim Borrowing Base Certificate as defined in subsection 8.2(f)(iii).
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Related to Interim Borrowing Base Certificate

  • 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.

  • Borrowing Base Report means a report in substantially the form of Exhibit E (or such other form approved by Administrative Agent) certified by a Responsible Officer of Borrower.

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

  • New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Release Certificate means a Release Certificate in the form attached to this Appendix "C" as Schedule 2 executed by a duly authorized officer of the Custodian and delivered by the Custodian to the applicable Fund by facsimile transmission or in such other manner as such Fund and the Custodian may agree in writing.

  • Borrowing Base Test means a test that will be satisfied on any date of determination if the following is true: Where: AR =57%.

  • Borrowing Base Amount means:

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Pro Forma Compliance Certificate means a certificate of a Responsible Officer of the Borrower containing reasonably detailed calculations of the financial covenants set forth in Section 8.11 recomputed as of the end of the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 7.01(a) or (b) after giving effect to the applicable transaction on a Pro Forma Basis.

  • Borrowing Base means, at any time of calculation, an amount equal to:

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Compliance Certificate means a certificate substantially in the form of Exhibit D.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • CREFC® Advance Recovery Report A monthly report substantially in the form of, and containing the information called for in, the downloadable form of the “Advance Recovery Report” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Proposed Borrowing Base Notice has the meaning assigned to such term in Section 2.07(c)(ii).

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

  • Borrowing Base Assets means any Loan Party’s Inventory and Receivables and other assets directly related thereto, including documents, instruments, general intangibles, deposit accounts and the proceeds of all of the same.

  • Borrowing Base Value means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.

  • CREFC® Loan Level Reserve/LOC Report The monthly report in the “CREFC® Loan Level Reserve/LOC Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Borrowing Base Deficit means, at any time of determination, the amount, if any, by which (a) the Aggregate Capital at such time, exceeds (b) the Borrowing Base at such time.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Closing Date Certificate means a Closing Date Certificate substantially in the form of Exhibit G-1.