Example ContractsClausesBorrowing Base Certificate
Borrowing Base Certificate
Borrowing Base Certificate contract clause examples

Borrowing Base Certificate. On the 15th day of each calendar month of the Parent # a duly completed Borrowing Base Certificate signed by a Responsible Officer of the Borrower Representative. Notwithstanding the foregoing, at any time when # Availability is less than the greater of # $6,000,000 and # 15% of the Maximum Revolver Amount$20,000,000 (the “Availability Trigger”), until Availability is above the Availability Trigger for four consecutive weeks or # a Specified Event of Default is continuing, in each case at the option of the Administrative Agent, the Borrowing Base will be computed on a more frequent basis (but not more frequently than weekly). In addition, at the option of Parent, the Borrowing Base may be computed more frequently than monthly (but not more frequently than weekly).

Borrowing Base Certificate. The Administrative Agent shall have received a Borrowing Base Certificate which calculates the Borrowing Base as of a date specified by the Administrative Agent.

Borrowing Base Certificate. A Borrowing Base Certificate showing a calculation of the Borrowing Base as of February 1, 2017 with the Value of each Portfolio Investment determined as of December 31, 2016.

Borrowing Base Certificate. [Exhibit J] to the Credit Agreement is amended and restated in its entirety as set forth on [Schedule 2] attached hereto.

Borrowing Base Certificate. [Exhibit 6.2](b)(i) attached to the Loan Agreement is hereby amended and restated in its entirety in the form attached hereto as Addendum 1.

Borrowing Base. Not applicable.

Borrowing Base. Agent shall have received evidence from Borrowers that the aggregate amount of Receivables and Inventory is sufficient in value and amount to support Advances in the amount requested by Borrowers on the Closing Date;

Borrowing Base. For the period from and including the Fourth Amendment Effective Date to but excluding the next Scheduled Redetermination Date, the amount of the Borrowing Base shall be $400,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments prior to the next Scheduled Redetermination Date from time to time pursuant to [Section 2.07(e)], [Section 2.07(f)] or [Section 8.13(c)].

Borrowing Base. Section 1.1 of the Loan Agreement is hereby amended by amending and restating the definition of “Borrowing Base” contained therein in its entirety to read as follows:

Borrowing Base. Each of the parties hereto hereby acknowledges that the Agent, in its sole discretion, may allow the Loan Parties to include certain of the New Guarantors’ In-Transit Inventory that does not constitute Eligible In-Transit Inventory because of a failure to satisfy the requirements of clause (iii) of the definition of Eligible In-Transit Inventory in the Credit Agreement (such In-Transit Inventory, the “Specified In-Transit Inventory”) in the Borrowing Base as “Eligible In-Transit Inventory” for up to ninety (90) days following the date of the Acquisition. Each of the parties hereto hereby acknowledges and agrees that the Agent, in its sole discretion, may require the Loan Parties to remove the Specified In-Transit Inventory from the Borrowing Base at any time unless the Specified In-Transit Inventory constitutes Eligible In-Transit Inventory (subject to the proviso to the definition of “Eligible In-Transit Inventory” in the Credit Agreement).

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