Borrowing Base Fee Sample Clauses

Borrowing Base Fee. The Borrower agrees to pay to the Lender a Borrowing Base fee in the amount of $45,000 at the first time that the Borrowing Base is redetermined at an amount in excess of $10,500,000 and in the amount of $50,000 at the first time that the Borrowing Base is redetermined at an amount in excess of $15,000,000.
Sample 1
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Borrowing Base Fee. From and after the Closing Date and until the Obligations are paid in full and this Agreement is terminated or, if sooner, the date the Commitments terminate, and subject to Section 11.04(b), Borrower shall pay to Agent, for the account of each Lender, a fee (the "Borrowing Base Fee") each time any additional or substitution property is accepted by Lenders as Borrowing Base Property in accordance with Section 3.01. The Borrowing Base Fee shall equal the product of (i) the additional or substitution property's Borrowing Base Value (excluding, however, any Borrowing Base Value for which Borrower receives no Borrowing Base credit because such Borrowing Base Value (other than with respect to University Club Tower) exceeds twenty-five percent (25%) of the Borrowing Base) times (ii) one-quarter percent (0.25%). The Borrowing Base Fee shall be payable in the manner provided in Section 2.06(b).
Sample 1
Borrowing Base Fee. If at anytime during any calendar month, the Aggregate Revolving Outstandings exceeds the Borrowing Base (calculated exclusive of the Borrowing Base Supplement) by any amount, the Borrower shall, on or before the 10th day of the next following month, pay to the Agent for the ratable benefit of the Banks a non-refundable fee in the amount of $2,000.00.
Sample 1
Borrowing Base Fee. On the Closing Date, Borrower shall pay the Borrowing Base Fee pursuant to the terms of the Fee Letters.
Sample 1

Related to Borrowing Base Fee

  • Borrowing Base If, at any time, (A) the Revolver Usage on such date exceeds (B) the lesser of (x) the Borrowing Base reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Agent, or (y) the Maximum Revolver Amount, in all cases as adjusted for Reserves established by Agent in accordance with Section 2.1(c), then Borrowers shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the amount of such excess.

  • Borrowing Base Redetermination Pursuant to Section 2.07, the Administrative Agent and the Lenders agree that for the period from and including the First Amendment Effective Date to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be equal to $450,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.07(e), Section 2.07(f) or Section 8.12(c). For the avoidance of doubt, the redetermination herein shall constitute the April 1, 2017 Scheduled Redetermination and the next Scheduled Redetermination shall be the October 1, 2017 Scheduled Redetermination.

  • Borrowing Base Report The Agent shall have received from the Borrower the initial Borrowing Base Report dated as of the Closing Date.

  • Borrowing Base Reports Within thirty (30) days after the last day of each month, aged listings of accounts receivable and accounts payable (by invoice date) (the “Borrowing Base Reports”);

  • Initial Borrowing Base For the period from and including the Closing Date to but excluding the first Redetermination Date, the amount of the Borrowing Base shall be $2,250,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to Section 2.14(e), (f) and (g).

  • Borrowing Base Compliance After giving effect to the release of the Borrowing Base Property, the Total Outstandings will be less than or equal to the Maximum Loan Amount.

  • Calculation of Borrowing Base For purposes of this Agreement, the “Borrowing Base” shall be determined, as at any date of determination, as the sum of the products obtained by multiplying (x) the Value of each Eligible Portfolio Investment by (y) the applicable Advance Rate; provided that:

  • Borrowing Base Assets (a) The Eligible Real Estate and Borrowing Base Loans included in the calculation of the Borrowing Base Availability shall at all times satisfy all of the following conditions:

  • Effectiveness of a Redetermined Borrowing Base After a redetermined Borrowing Base is approved or is deemed to have been approved by all of the Lenders or the Required Lenders, as applicable, pursuant to Section 2.07(c)(iii), the Administrative Agent shall notify the Borrower and the Lenders of the amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Issuing Bank and the Lenders:

  • Borrowing Base Determination Until the Revolving Credit Termination Date:

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