Aggregate Borrowing Base Value definition

Aggregate Borrowing Base Value means the sum of the Borrowing Base Values of each Eligible Property.
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Aggregate Borrowing Base Value means, on any day, the Borrowing Base Values of all Eligible Loan Assets included as part of the Collateral on such date.
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Aggregate Borrowing Base Value means, as determined by the Administrative Agent as of the most recent Compliance Certificate or Borrowing Base Property report, as applicable, delivered to the Administrative Agent, the aggregate of the Borrowing Base Values for all Borrowing Base Properties.”
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Examples of Aggregate Borrowing Base Value in a sentence

  • Following each addition or deletion of an Eligible Property in accordance with Section 7.3 hereof, the Aggregate Borrowing Base Value shall be adjusted accordingly.

  • Following each addition or deletion of an Eligible Property (an “Adjustment Event”), the Aggregate Borrowing Base Value shall be adjusted accordingly.

  • If at any time the aggregate principal amount of all outstanding Advances, exceeds the Aggregate Borrowing Base Value, Borrower shall within thirty (30) days of Borrower obtaining knowledge of the occurrence of any such excess, pay to Lender the amount of such excess.

  • Individually provide the Location, Points of Communications, and Destination Points for each hub and remote station.B1a.

  • In any period of four consecutive fiscal quarters the Aggregate Borrowing Base Value of all Borrowing Base Properties sold, transferred, encumbered or disposed of by the Borrowers and the other Obligors during such period shall not exceed the sum of (i) fifteen percent (15%) of the Aggregate Borrowing Base Value of the Borrowing Base Properties as of the first day of such period plus (ii) the Aggregate Borrowing Base Value attributable to Borrowing Base Properties acquired during such period.

  • Xxxxxxx Title: Vice President [EXHIBIT C] APPENDIX A TO COMPLIANCE CERTIFICATE A Outstanding Loans, including Swing Line Loans, and Letters of Credit of Borrower cannot exceed the Borrowing Base (Section 9.1) 1 Outstanding principal balance of the Loans (including Swing Line Loans): 2 Outstanding and undrawn amount of Letters of Credit: 3 Aggregate Borrowing Base Value: 5 Debt Service Coverage Amount of Mortgaged Properties: 6 Lesser of Line 4 or Line 5 must be > than or = to line 1.

  • The Borrowers shall not permit the Aggregate Borrowing Base Value for any fiscal quarter to be less than 175% of unsecured Combined Total Indebtedness.

  • The percentage of Adjusted Property NOI used to determine the Aggregate Borrowing Base Value for each Tenant is set forth [above or on the attached Schedule] and the largest percentage of Adjusted Property NOI used to determine the Aggregate Borrowing Base Value for any Tenant is ________% for the ___________ Tenant 1 To be completed at all times after there are ten (10) or more Borrowing Base Properties.


More Definitions of Aggregate Borrowing Base Value

Aggregate Borrowing Base Value. As of any date of determination, the Aggregate Borrowing Base Value is the sum of the Appraised Values of the Mortgaged Property included in the Borrowing Base as most recently determined as provided under Section 5.2 or Section 10.16 hereof; provided that if Agent receives satisfactory evidence that any Mortgaged Property has demonstrated improvement in occupancy or rental revenue from the date of the last determination of Appraised Value of such Mortgaged Property, then an amount equal to the Operating Cash Flow of such Mortgaged Property for the period covered by the four previous consecutive fiscal quarters (treated as a single accounting period) divided by 9.00% capitalization rate shall be utilized instead of the Appraised Value for such Mortgaged Property. Swing Line. The revolving credit facility made available by the Swing Line Lender pursuant to Section 2.10. Swing Line Borrowing. A borrowing of a Swing Line Loan pursuant to Section 2.10. Swing Line Lender. Fleet National Bank, in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder. Swing Line Loan. See Section 2.10(a).
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Related to Aggregate Borrowing Base Value

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Borrowing Base Value means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.

  • Borrowing Base Amount means:

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Borrowing Base means, at any time of calculation, an amount equal to:

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Borrowing Base Deficit means, at any time of determination, the amount, if any, by which (a) the Aggregate Capital at such time, exceeds (b) the Borrowing Base at such time.

  • Aggregate Collateral Balance means, as at any Measurement Date, the amount equal to the aggregate of the following amounts, as at such Measurement Date:

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Borrowing Base Assets means a collective reference to all Borrowing Base Assets in existence at any given time.

  • Borrowing Base Deficiency means, at any date on which the same is determined, the amount, if any, that (a) the aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Aggregate Revolving Credit Exposure means the aggregate amount of the Lenders’ Revolving Credit Exposures.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.