Aggregate Borrowing Base Amount definition

Aggregate Borrowing Base Amount on any date, an amount equal to the sum of the U.S. Borrowing Base and the Kildair Borrowing Base.

Aggregate Borrowing Base Amount means, as of any date of determination with respect to the Borrowing Base Properties, an amount equal to the lesser of (a) 65% of the aggregate Unencumbered Property Value and (b) the Implied Mortgage Amount, in each case as determined from the Borrowing Base Certificate most recently delivered to the Administrative Agent pursuant to Section 5.03(d).

Aggregate Borrowing Base Amount means, as of any date of determination, the sum of the Borrowing Base Amounts for each category of Eligible Collateral; provided, that the amount contributed to the Aggregate Borrowing Base Amount by Eligible Technology and Eligible Trademarks shall at all times be less than or equal to [ * * * ] of the Aggregate Borrowing Base Amount at such time; provided, further, that the Aggregate Borrowing Base Amount shall be reduced by the aggregate amount of all Intangible Reserves at such date.

Examples of Aggregate Borrowing Base Amount in a sentence

The Administrative Agent shall have received a Borrowing Base Report showing the Aggregate Borrowing Base Amount, the U.S. Borrowing Base and the Kildair Borrowing Base, a Marked-to-Market Report and a Position Report, in each case as of April 30, 2020, with appropriate insertions and supporting schedules and dated the Restatement Effective Date, reasonably satisfactory in form and substance to the Administrative Agent, and executed by a Responsible Person of the U.S. Borrower.
Not permit at any time (i) the sum of (A) the Facility Exposure plus (B) the amount of all other Unsecured Debt to exceed (ii) the Aggregate Borrowing Base Amount.
Each time the Aggregate Borrowing Base is redetermined pursuant to Section 2.9 and the amount of the new Aggregate Borrowing Base exceeds the Aggregate Borrowing Base previously in effect hereunder (the amount of such excess is herein called the "Increased Aggregate Borrowing Base Amount"), Borrower shall pay to Agent, for pro rata distribution to each Lender in accordance with its Percentage Share, a facility fee in an amount equal to 0.125% of the Increased Aggregate Borrowing Base Amount.
Each Mortgage Loan included in any calculation of the Aggregate Borrowing Base Amount (or any other calculation that includes a calculation of the Borrowing Base Amount of Pledged Assets), at the time of such calculation, constituted Collateral.
The Borrower from time to time after the Closing Date may also request that certain Student Housing Properties of one or more Subsidiary Guarantors (collectively, the “Guarantor Collateral”) be included as a Borrowing Base Property for the purpose of increasing the Aggregate Borrowing Base Amount.

More Definitions of Aggregate Borrowing Base Amount

Aggregate Borrowing Base Amount means, as of any date of determination, the sum of the Eligible Collateral Borrowing Base Amounts for each type of Eligible Collateral.

Aggregate Borrowing Base Amount as of any date of determination, the sum of the Borrowing Base Amount for each Qualified Asset; provided that (i) the aggregate amount contributed to the Aggregate Borrowing Base Amount by Qualified Assets located in a Specified Jurisdiction other than the United States, collectively, shall not exceed 30% of the Aggregate Borrowing Base Amount at any time, (ii) the aggregate amount contributed to the Aggregate Borrowing Base Amount by Eligible Ground Leased Assets shall not exceed 20% of the Aggregate Borrowing Base Amount at any time and (iii) any single Qualified Asset shall not constitute greater than 10% of the Aggregate Borrowing Base Amount at any time; provided that, to the extent such limitation is exceeded, only such portion of the Borrowing Base Amount of such Qualified Asset or Qualified Assets shall be excluded from the calculation of the Aggregate Borrowing Base Amount to the extent necessary to comply with the foregoing limitations.

Aggregate Borrowing Base Amount as of any date of determination, the sum of the Borrowing Base Amount for each Qualified Asset; provided that (i) the aggregate amount contributed to the Aggregate Borrowing Base Amount by Eligible Capital Leased Assets, Eligible Operating Leased Assets and the Eligible Managed Segment, collectively, shall not exceed 10% of the Aggregate Borrowing Base Amount at any time, (ii) the aggregate amount contributed to the Aggregate Borrowing Base Amount by Eligible Capital Leased Assets, Eligible Ground Leased Assets, Eligible Operating Leased Assets and the Eligible Managed Segment, collectively, shall not exceed 25% of the Aggregate Borrowing Base Amount at any time (and accordingly, Eligible Owned Assets must at all times equal or exceed 75% of the Aggregate Borrowing Base Amount), (iii) the aggregate amount contributed to the Aggregate Borrowing Base Amount by Eligible Ground Leased Assets shall not exceed 20% of the Aggregate Borrowing Base Amount at any time and (iv) any single Qualified Asset shall not constitute greater than 10% of the Aggregate Borrowing Base Amount at any time; provided that, to the extent such limitation is exceeded, only such portion of the value of such Qualified Asset or Qualified Assets shall be excluded from the calculation of the Aggregate Borrowing Base Amount to the extent necessary to comply with the foregoing limitations.

Aggregate Borrowing Base Amount. Base Rate", "Borrowing Base Property Conditions", "Borrowing Base Property Value", "Capitalization Rate", "Capitalized Value", "Consolidated Cash Interest Expense", "Consolidated EBITDA", "Fee Letter", "Initial Issuing Bank", "On-Campus Participating Entities", "On-Campus Participating Properties", "Permitted Liens", "Reference Banks", "Removed Borrowing Base Property", "Start-Up Student Housing Property", "Swing Line Bank" and "Termination Date", appearing in Section 1.01 of the Loan Agreement, and inserting in lieu thereof the following definitions:

Aggregate Borrowing Base Amount on any date, an amount equal to the sum of the U.S. Borrowing Base and the Kildair Borrowing Base. “Aggregate Eligible In the Money Forward Contract Amount”: the aggregate of all Eligible In the Money Forward Contract Amounts with respect to all Forward Contract Counterparties. “Agreement”: this Amended and Restated Credit Agreement. “Allowed Reserve”: with respect to any Fiscal Year, an amount equal to the transportation and hedged storage gains or losses arising under contracts in place that the Borrowers and the other Loan Parties have elected to defer for use in calculations hereunder, which shall be reflected in the Borrowers’ and the other Loan Parties’ Reconciliation Summary. “Amalgamation”: the amalgamation of Kildair with AcquireCo, with the post- amalgamation entity to be Kildair (the “Post-Amalgamation Entity”). “Amendment”: the Amendment to this Agreement, dated as of March 10April 27, 20162017, among the Borrowers, the Administrative Agent and the Lenders party thereto. “Amendment Arranger”: JPMorgan Chase Bank, as solejoint lead arranger and solejoint

Aggregate Borrowing Base Amount means, as of any date of determination, the sum of the Borrowing Base Amounts for each category of Eligible Collateral; provided, that the amount contributed to the Aggregate Borrowing Base Amount by Eligible Technology and Eligible Trademarks shall at all times (i) be greater than or equal to the Technology & IP Floor Amount, and (ii) if greater than the Technology & IP Floor Amount, be less than or equal to [**] of the Aggregate Borrowing Base Amount at such time; provided, further, that the Aggregate Borrowing Base Amount shall be reduced by the aggregate amount of all Intangible Reserves at such date.

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