Borrowing Base Report

Borrowing Base Report. Means a report, certified by an appropriate officer of Borrower to be true and complete to the best of the officer's knowledge and belief, setting forth the Borrowing Base as of the date on which that report is prepared, and otherwise being in form and detail satisfactory to Bank

Borrowing Base Report. Shall mean the report, substantially in the form attached to the Note as Exhibit A that shall be delivered to Deere by Borrower pursuant to the terms of Section 9(C) of this Agreement.

Borrowing Base Report. At any time, the calculation of the Borrowing Base prepared by Borrower and approved by Lender in its reasonable discretion, including a detailed summary of (i) the Retail Appraised Value of all loans and equity interests for land development and/or land acquisition owned by Borrower, to the extent such loans and equity interests are included in the calculation of the Borrowing Base, (ii) the date of the last payment made on the Loan and confirmation that all regular payments have been made in... a timely manner, (iii) all asset-specific debt senior to such loans and equity interests owned by Borrower, (iv) all outstanding Senior Debt, (v) all amounts outstanding under this Note, and (vi) the remaining Principal amount available under this Note. View More