Common use of Updated Borrowing Base Certificate Clause in Contracts

Updated Borrowing Base Certificate. Within 3 Business Days of the written request of Required Lenders (which may be requested no more than once a month if no Default or Event of Default exists or at any time if a Default or Event of Default exists), Borrower shall deliver an updated executed Borrowing Base Certificate reflecting changes in the Eligible Accounts availability since the last Borrowing Base Certificate.

Appears in 3 contracts

Sources: Credit Agreement (Nuverra Environmental Solutions, Inc.), Credit Agreement (Nuverra Environmental Solutions, Inc.), First Lien Credit Agreement (Nuverra Environmental Solutions, Inc.)

Updated Borrowing Base Certificate. Within 3 five (5) Business Days of the written request of Required Lenders (which may be requested no more than once a month if no Default or Event of Default exists or and at any time if a Default or Event of Default exists), Administrative Borrower shall deliver an updated executed Borrowing Base Certificate reflecting changes in the Eligible Accounts availability Availability since the last Borrowing Base Certificate.

Appears in 1 contract

Sources: Credit Agreement (Shimmick Corp)