Borrowing Base Confirmation. After checking the documents submitted by the Borrower in due time as to plausibility, the Bank shall send the Borrower by the 17th business day after the Reporting Date a Borrowing Base Confirmation by e-mail (including the relevant Borrowing Base Confirmation in the form of a pdf-file attached). A Borrowing Base Confirmation is the Bank’s confirmation by which it notifies the Borrower about the amount of the Borrowing Base calculated on the basis of the Borrowing Base Report for the Borrowing Base Application Period and thus also determines the amount of the Available Credit Facility applicable from time to time. The Borrowing Base Confirmation shall be sent to the following e-mail addresses of the Borrower:
Appears in 3 contracts
Sources: Borrowing Base Facility Agreement (Steinway Musical Instruments Holdings, Inc.), Borrowing Base Facility Agreement (Steinway Musical Instruments Holdings, Inc.), Borrowing Base Facility Agreement (Steinway Musical Instruments Holdings, Inc.)