WebBorrowing base facilities are a type of trade finance, and more specifically a type of working capital facility. Its structure relies on the principle that the amount of money which the borrower can borrow is based on the value of a pool of assets held by the company, referred to as the ‘borrowing base’. In other words, the amount of credit ... WebMay 8, 2024 · A borrowing base certificate is a company update (prepared by a borrower for submission to a lender) that discloses all relevant changes in a company’s total collateral status. For a middle-market company, a borrowing base certificate might include things like the company’s total available funds, the status of the company’s eligible ...
Borrowing Base Certificate Sample Clauses - Law Insider
WebBorrowing Base Certificate means a certificate, signed and certified as accurate and complete by a Financial Officer of the Borrower Representative, in substantially the form … A borrowing base is the amount of money that a lender is willing to loan a company, based on the value of the collateral the company pledges. The borrowing base is typically determined by a method known as "margining," in which the lender determines a discount factor, which is then multiplied … See more Various assets may be used as collateral, including accounts receivable, inventory, and equipment. If a company approaches a lender to borrow money, the lender will assess the borrowing company's strengths and weaknesses. … See more Lenders feel more comfortable making loans rooted in borrowing bases since those loans are made against specific sets of assets. Furthermore, the borrowing base can be … See more Cabot Oil & Gas Corporation did not have any borrowings outstanding under its revolving credit facility as of March 31, 2016. Since then, on the first day of every April, its borrowing … See more The borrower must also provide the lender with certain information used to determine the borrowing base, including data on sales, collections, and inventory. With middle-market and … See more led front lit mirrors
Factoring, Receivable Financing Dilution Meaning! Part …
WebBorrowing Base Certificate means a certificate, signed and certified as accurate and complete by a Financial Officer of the Borrower Representative, in substantially the form … WebDec 23, 2010 · Aggregate Commitment “Agreement” means this Borrowing Base Revolving Line of Credit Agreement, as amended, restated, supplemented or otherwise modified from time to time. “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the Federal Funds … WebNov 14, 2012 · This Borrowing Base Certificate ("Certificate") is submitted pursuant to that Revolving Credit Agreement dated as of November 14, 2012, by and between Regions Bank, an Alabama banking corporation, and RJ Securities, Inc., a Florida corporation (as it may have been amended, the "Credit Agreement"; capitalized terms not defined herein … how to edit your spacehey