Borrowing Base Certificate definition: Copy, customize, and use instantly
Introduction
The term "Borrowing Base Certificate" refers to a formal document that outlines the calculation of a borrower’s borrowing base, which is typically used in financing agreements to determine the maximum loan amount available based on the borrower’s assets. It is a key tool for lenders to assess risk and ensure that the borrower has adequate collateral.
Below are various examples of how "Borrowing Base Certificate" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Borrowing Base Certificate" for loan agreements
This definition ties "Borrowing Base Certificate" to the formal calculation used for loan security purposes.
"Borrowing Base Certificate" means a certificate provided by the borrower, certifying the value of the assets that can be used as collateral under a borrowing base calculation, typically including accounts receivable, inventory, and other eligible assets.
Definition of "Borrowing Base Certificate" for collateral assessment
This definition connects "Borrowing Base Certificate" to the process of determining available collateral.
"Borrowing Base Certificate" refers to a document certifying the value of the borrower’s assets that serve as collateral for a loan, enabling the lender to assess the amount that can be borrowed based on asset quality and value.
Definition of "Borrowing Base Certificate" for periodic financial reporting
This definition links "Borrowing Base Certificate" to regular updates required under a loan agreement.
"Borrowing Base Certificate" means a document delivered by the borrower on a periodic basis (e.g., monthly or quarterly) detailing the current borrowing base calculation, including eligible collateral and any adjustments.
Definition of "Borrowing Base Certificate" for asset-backed lending
This definition ties "Borrowing Base Certificate" to asset-backed financing.
"Borrowing Base Certificate" refers to a statement by the borrower, detailing the value of assets securing an asset-backed loan, to confirm that the borrower is within the allowed borrowing base limit for the loan period.
Definition of "Borrowing Base Certificate" for covenant compliance
This definition connects "Borrowing Base Certificate" to loan covenants.
"Borrowing Base Certificate" means a document submitted by the borrower to confirm compliance with the borrowing base covenant, ensuring that the borrower’s outstanding debt is within the maximum permissible loan amount based on asset values.
Definition of "Borrowing Base Certificate" for reporting of receivables
This definition links "Borrowing Base Certificate" to the verification of receivables.
"Borrowing Base Certificate" refers to a certification by the borrower, reporting the value of its receivables as part of the borrowing base calculation, ensuring the collateral is valid and sufficient to secure the loan.
Definition of "Borrowing Base Certificate" for inventory-based loans
This definition ties "Borrowing Base Certificate" to loans secured by inventory.
"Borrowing Base Certificate" means a certificate provided by the borrower that details the value of inventory used as collateral for a loan, which is factored into the borrowing base calculation.
Definition of "Borrowing Base Certificate" for revolving credit facilities
This definition connects "Borrowing Base Certificate" to a revolving line of credit.
"Borrowing Base Certificate" refers to a document that certifies the value of the collateral securing a revolving credit facility, determining the available credit limit based on the borrower’s assets.
Definition of "Borrowing Base Certificate" for determining loan eligibility
This definition links "Borrowing Base Certificate" to determining loan eligibility.
"Borrowing Base Certificate" means a certificate confirming the total value of eligible assets, such as receivables and inventory, which are considered when calculating the maximum loan amount the borrower is eligible to receive.
Definition of "Borrowing Base Certificate" for quarterly loan reporting
This definition ties "Borrowing Base Certificate" to quarterly reports required by lenders.
"Borrowing Base Certificate" refers to a report submitted by the borrower on a quarterly basis to confirm the current borrowing base, including a list of eligible assets and their calculated value.
Definition of "Borrowing Base Certificate" for loan modification
This definition connects "Borrowing Base Certificate" to loan modification requests.
"Borrowing Base Certificate" means a certificate delivered by the borrower when requesting modifications to an existing loan, providing updated asset valuations to support changes in loan terms or borrowing capacity.
Definition of "Borrowing Base Certificate" for cross-collateralized loans
This definition links "Borrowing Base Certificate" to cross-collateralized loans.
"Borrowing Base Certificate" refers to a document submitted by the borrower to confirm the value of assets that serve as collateral for a cross-collateralized loan, where multiple assets secure different parts of the loan.
Definition of "Borrowing Base Certificate" for financial auditing
This definition ties "Borrowing Base Certificate" to auditing practices.
"Borrowing Base Certificate" means a certificate provided by the borrower, used during financial audits to verify the collateral value supporting outstanding loans and ensuring the accuracy of the borrowing base calculation.
Definition of "Borrowing Base Certificate" for restricted assets
This definition connects "Borrowing Base Certificate" to the treatment of restricted assets.
"Borrowing Base Certificate" refers to a certification from the borrower, detailing restricted assets that are excluded from the borrowing base calculation, ensuring the lender only considers eligible collateral.
Definition of "Borrowing Base Certificate" for early repayment determination
This definition links "Borrowing Base Certificate" to the determination of early repayment eligibility.
"Borrowing Base Certificate" means a document that allows the lender to assess whether the borrower has sufficient available collateral to support early repayment of a portion of the loan.
Definition of "Borrowing Base Certificate" for loan default monitoring
This definition ties "Borrowing Base Certificate" to monitoring potential loan defaults.
"Borrowing Base Certificate" refers to a certificate submitted by the borrower to monitor loan default risks by detailing the value of the assets securing the loan, ensuring the borrowing base is maintained at an acceptable level.
Definition of "Borrowing Base Certificate" for verification of asset values
This definition connects "Borrowing Base Certificate" to the verification process.
"Borrowing Base Certificate" means a formal statement by the borrower, verifying the current value of eligible assets, such as accounts receivable, that are factored into the borrowing base for determining the loan limit.
Definition of "Borrowing Base Certificate" for lenders’ risk assessment
This definition links "Borrowing Base Certificate" to assessing lender risk.
"Borrowing Base Certificate" refers to a certificate provided by the borrower to assess the lender’s risk by outlining the borrower’s eligible collateral and the calculated borrowing base used to determine the loan amount.
Definition of "Borrowing Base Certificate" for loan renewal
This definition ties "Borrowing Base Certificate" to loan renewal processes.
"Borrowing Base Certificate" means a certificate submitted by the borrower to confirm the value of its assets and the allowable loan limit during the renewal process of an existing loan agreement.
Definition of "Borrowing Base Certificate" for revolving loan adjustments
This definition connects "Borrowing Base Certificate" to adjustments in revolving loan limits.
"Borrowing Base Certificate" refers to a document provided by the borrower to adjust the limits of a revolving loan facility, detailing the value of eligible collateral to support higher loan amounts.
Definition of "Borrowing Base Certificate" for receivable collections
This definition links "Borrowing Base Certificate" to the process of receivable collections.
"Borrowing Base Certificate" means a certificate provided by the borrower, detailing the current status of receivables collections, which directly impacts the available borrowing base under the loan agreement.
Definition of "Borrowing Base Certificate" for material adverse change assessment
This definition ties "Borrowing Base Certificate" to the assessment of adverse changes.
"Borrowing Base Certificate" refers to a document submitted by the borrower to the lender when assessing the impact of material adverse changes to the borrowing base calculation.
Definition of "Borrowing Base Certificate" for borrower's financial health
This definition connects "Borrowing Base Certificate" to the borrower’s financial condition.
"Borrowing Base Certificate" means a document provided by the borrower detailing the financial health of its business, including an updated borrowing base calculation that reflects the current value of secured assets.
Definition of "Borrowing Base Certificate" for liquidation value
This definition links "Borrowing Base Certificate" to liquidation value calculations.
"Borrowing Base Certificate" refers to a certificate that calculates the liquidation value of the borrower’s assets, factoring in the total recoverable value of collateral in the event of liquidation.
Definition of "Borrowing Base Certificate" for strategic financial planning
This definition ties "Borrowing Base Certificate" to long-term financial strategies.
"Borrowing Base Certificate" means a report used for strategic financial planning, providing a detailed analysis of the assets used to determine the borrowing base, which can affect future financing decisions.
Definition of "Borrowing Base Certificate" for lender covenants
This definition connects "Borrowing Base Certificate" to lender requirements.
"Borrowing Base Certificate" refers to a certificate submitted by the borrower to demonstrate compliance with lender-imposed covenants, detailing the current value of assets that serve as collateral for the loan.
Definition of "Borrowing Base Certificate" for working capital loans
This definition links "Borrowing Base Certificate" to working capital financing.
"Borrowing Base Certificate" means a document provided by the borrower detailing the value of current assets, such as receivables and inventory, that secure a working capital loan.
Definition of "Borrowing Base Certificate" for loan syndication
This definition ties "Borrowing Base Certificate" to syndicated loan agreements.
"Borrowing Base Certificate" refers to a document submitted to the lenders in a syndicated loan agreement, providing detailed information about the borrower’s collateral to determine the loan amount under the syndication.
Definition of "Borrowing Base Certificate" for real estate financing
This definition connects "Borrowing Base Certificate" to real estate-secured loans.
"Borrowing Base Certificate" means a document that outlines the value of real estate assets, including properties or land, which secure the loan under a borrowing base agreement.
Definition of "Borrowing Base Certificate" for corporate financing
This definition links "Borrowing Base Certificate" to corporate financing arrangements.
"Borrowing Base Certificate" refers to a certificate provided by the borrower to confirm the value of its assets as collateral for corporate financing arrangements.
Definition of "Borrowing Base Certificate" for credit limit calculation
This definition ties "Borrowing Base Certificate" to determining credit availability.
"Borrowing Base Certificate" means a document used to calculate the borrower’s credit limit by detailing the total value of its assets that are eligible to serve as collateral for the loan.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.