Asset Base. The Administrative Agent and each Funding Agent shall have received evidence that no Asset Base Deficiency exists.
Asset Base. The Administrative Agent and each Managing Agent shall have received evidence that no Asset Base Deficiency exists as of two (2) Business Days prior to the 2020 Amendment Closing Date.
Asset Base. The aggregate principal amount of Loans outstanding shall not at any time exceed the Asset Base or the Aggregate Revolving Loan Commitment, whichever is less; provided, however, that this covenant shall not be deemed breached if, at the time such aggregate amount exceeds said level, within four Business Days after the earlier of the date the Borrower first has knowledge of such excess or the date of the next Asset Base Certificate disclosing the existence of such excess, a prepayment of Loans shall be made. The Borrower shall not be entitled to utilize this mechanism to avoid a breach of this covenant more than two (2) times during any twelve-month period.
Asset Base. 7.10.3 On or before the date falling 15 Business Days before the date on which the Technical Bank and the Borrower are due to submit their proposals in respect of the Assumptions to be used for any Projection pursuant to Clause 7.4 (Preparatory steps), the Borrower may submit a request to the Facility Agent, the Technical Bank and the Lenders for any Petroleum Asset to be designated a Borrowing Base Asset and/or for any existing Borrowing Base Asset to cease to be designated a Borrowing Base Asset.
Asset Base. Council is the owner of the assets with FRW having management responsibility to develop and maintain asset management systems and plans that, along with forecast operations & maintenance costs, will allow the business to develop pricing proposals for Council adoption. To align the business goals and objectives with the assets FRW has operational responsibility to maintain information on the assets and quantify the regulated asset base for the purpose of deriving revenue requirements and developing pricing proposals for Council adoption.
Asset Base. Make such prepayments, from time to time, as required by Section 2.07 hereof so that the outstanding principal amount of all Loans to the Borrower hereunder shall, at no time, exceed the Asset Base.
Asset Base. The Company and its subsidiaries do not hold "non-exempt assets" (as such term is used in Section 802.4 of the Hart-Scott-Rodino Act) with an aggregate fair market value of more thax $00,000,000.
Asset Base. The Company and its subsidiaries do not hold "non-exempt assets" (as such term is used in Section 802.4 of the Xxxx-Xxxxx-Xxxxxx Act) with an aggregate fair market value of more than $15,000,000.
Asset Base. As of any date of determination, an amount equal to the product of (a) the Advance Rate then in effect, times (b) the sum of the following (calculated as of the month that is most recently ended at least 18 days prior to the date of determination): (i) the Aggregate Net Book Value; plus (ii) any receivables resulting from the sale or other disposition of an Eligible Container, so long as the Administrative Agent has a valid and perfected lien in such receivables and such receivables were not outstanding for more than ninety (90) days (measured from the issue date of such receivables).
Asset Base. As of any date of determination, an amount equal to the product of (i) the Advance Rate, times (ii) the Aggregate Discounted Net Present Value of Receivables.
