Asset Base Sample Clauses

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. (a) On or before the date falling ten (10) Business Days before the date on which the Technical Bank is due to submit its proposals in respect of the Assumptions to be used for any Projection pursuant to Clause 6.4 (Preparatory Steps), the Borrower may submit a request to the Agent for its consent 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. (b) If the Borrower has made a request under Clause 6.5(a) for any Petroleum Asset to be designated a Borrowing Base Asset or a Projection is being prepared pursuant to Clause 6.1(a)(iii) (Adoption), the Borrower must deliver to the Agent (at the same time it makes the relevant request for such Petroleum Asset to be designated a Borrowing Base Asset) all such information, documentation and evidence as the Agent may consider necessary with respect to such Petroleum Asset including, without limitation, the matters specified in Clause 6.6 (c) (i) to (iv) (Draft Projections).

Asset Base. 7.10.1 On or before the date falling 14 days before the date on which the Agent is due to submit its proposals in respect of the Economic Assumptions to be used for any Projection pursuant to Clause 7.4 (Preparatory steps), the Company may submit a request to the Agent and the Technical Bank for any Petroleum Asset owned by a member of the Borrower Group to be designated a Borrowing Base Asset and/or for any existing Borrowing Base Asset to cease to be designated a Borrowing Base Asset. 7.10.2 If the Company has made a request under Clause 7.10.1 for any Petroleum Asset to be designated a Borrowing Base Asset or a Projection is being prepared pursuant to Clause 7.1.1(B)(2)(a) (Adoption), it must, promptly following any request for the same by the Agent and/or the Technical Bank deliver to the Agent and the Technical Bank all such information, documentation and evidence as the Technical Bank and/or the Agent may reasonably require with respect to such Petroleum Asset.

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. 7.10.1 On or before the date falling *** redacted commercially sensitive term negotiated between the parties *** 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. 7.10.2 If the Borrower has made a request under Clause 7.10.1 for any Petroleum Asset to be designated a Borrowing Base Asset or a Projection is being prepared pursuant to Clause 7.17.1.1(B)(3) (Adoption ), the Borrower must deliver to the Lenders, the Facility Agent and the Technical Bank (at the same time it makes the relevant request for such Petroleum Asset to be designated a Borrowing Base Asset) all such information, documentation and evidence as the Lenders, the Technical Bank and/or the Facility Agent may reasonably require with respect to such Petroleum Asset.

Asset Base. (A) On or before the date falling 10 Business Days before the date by which the Technical Bank and the Borrower are required under paragraph (A) of Clause 17.5 (Preparatory Steps) to submit their proposals in respect of the Forecast Assumptions to be used for any Forecast (or such later date as may be agreed by the Technical Bank), the Borrower may submit a request to the Facility Agent, the Technical Bank and the Lenders for any Hydrocarbon 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. (B) If the Borrower has made a request under paragraph (A) above for any Hydrocarbon asset to be designated a Borrowing Base Asset or a Forecast is being prepared in connection with any request by the Borrower for any new Hydrocarbon asset to be designated as a Borrowing Base Asset, the Borrower shall deliver to the Lenders, the Facility Agent and the Technical Bank (at the same time they make the relevant request for such Hydrocarbon asset to be designated a Borrowing Base Asset) all such information, documentation and evidence as any Lender, the Technical Bank and/or the Facility Agent may reasonably require with respect to such Hydrocarbon asset.

Asset Base. As of the date of determination, an amount equal to the sum of (1) the product of (i) seventy-five percent (75%) and (ii) the sum of (A) the then Aggregate Net Book Value and (B) the then Aggregate Finance Lease Value, plus (2) 100% of all cash and Eligible Investments then on deposit in the Restricted Cash Account.

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.