Compliance with the Borrowing Base Sample Clauses

The "Compliance with the Borrowing Base" clause requires the borrower to ensure that the amount of outstanding loans does not exceed a specified borrowing base, which is typically calculated based on the value of certain assets such as accounts receivable or inventory. In practice, the borrower must regularly report the value of these assets and may need to provide supporting documentation to the lender to demonstrate ongoing compliance. This clause serves to protect the lender by limiting credit exposure and ensuring that the loan remains adequately secured by the borrower's assets.
Compliance with the Borrowing Base. The Administrative Agent shall have received a pro forma Borrowing Base Report dated no earlier than 3 Business Days prior to the date of the applicable Credit Extension.
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Compliance with the Borrowing Base. Delivery of a current Borrowing Base Certificate indicating that after giving effect to such requested Revolving Credit Loan that Borrower will be in compliance with the Borrowing Base.
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Related to Compliance with the Borrowing Base

  • Compliance with the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act There is and has been no failure on the part of the Company or any of the Company’s directors or officers, in their capacities as such, to comply in all material respects with any provision of the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002 and the rules and regulations promulgated in connection therewith (the “▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act”), including Section 402 related to loans and Sections 302 and 906 related to certifications.

  • Compliance with Financial Covenants Schedule A attached hereto sets forth financial data and computations evidencing the Borrower’s compliance with certain covenants of the Agreement, all of which data and computations are true, complete and correct.

  • Compliance with the S▇▇▇▇▇▇▇-▇▇▇▇▇ Act There is and has been no failure on the part of the Company or any of the Company’s directors or officers, in their capacities as such, to comply in all material respects with any provision of the S▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002 and the rules and regulations promulgated in connection therewith (the “S▇▇▇▇▇▇▇-▇▇▇▇▇ Act”), including Section 402 related to loans and Sections 302 and 906 related to certifications.

  • Compliance with the Law The Parties agree to comply fully with all applicable federal, state, and local statutes, ordinances, rules, and regulations applicable to their entity in connection with the programs contemplated under this Agreement.

  • Compliance with the FDIC Rule The Seller agrees to (i) perform the covenants set forth in Article XII of the Indenture applicable to it and (ii) facilitate compliance with Article XII of the Indenture by the Ally Parties.