Applicable Borrowing Base definition

Applicable Borrowing Base means (a) if the Tranche A-1 Commitments have been terminated at such time, the Tranche A Borrowing Base and (b) if the Tranche A-1 Commitments are outstanding at such time, the Tranche A-1 Borrowing Base.
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Applicable Borrowing Base means (a) with respect to matters relating to US Revolving Loans and Letters of Credit issued for the benefit of the US Borrowers and other matters relating to the US Credit Agreement, the US Borrowing Base, and (b) with respect to matters relating to UK Revolving Loans and Letters of Credit issued for the benefit of the UK Borrower and other matters relating to the UK Credit Agreement, the UK Borrowing Base.
Sample 1
Applicable Borrowing Base means (a) if the Revolving A-1 Commitments have been terminated at such time, the Revolving A Borrowing Base and (b) if the Revolving A-1 Commitments are outstanding at such time, the Revolving A-1 Borrowing Base.
Sample 1

Examples of Applicable Borrowing Base in a sentence

  • In connection with any such redetermination of the Borrowing Base, the Borrower shall deliver promptly upon the request of the Administrative Agent an Alternate Reserve Report to the Administrative Agent; provided that the Borrower’s failure to deliver such Alternate Reserve Report shall not preclude or impact the making of such redetermination of the Borrowing Base by the Administrative Agent or the approval of such Borrowing Base by the Applicable Borrowing Base Lenders.

  • Notwithstanding the foregoing, the Applicable Borrowing Base remains subject to adjustment due to changes in the Borrowing Base Reduction Amount as set forth in the Credit Agreement.

  • On the 20th day of each calendar month, a Borrowing Base Certificate showing the Applicable Borrowing Base and the calculation of Excess Availability in each case as of the close of business on the last day of the immediately preceding calendar month, each such Borrowing Base Certificate to be certified as complete and correct in all material respects on behalf of the Parent Borrower by a Financial Officer of the Parent Borrower (each a “Monthly Borrowing Base Certificate”).

  • The focus of regulatory oversight for television has been on providing access to RF spectrum for broadcasting networks and on content regulation to ensure adequate programming diversity and to limit objectionable content (censorship).

  • If, after giving effect to the prepayment of all outstanding Swingline Loans and Revolving Credit Loans, the Aggregate Revolving Credit Outstandings exceed the Applicable Borrowing Base then in effect, the Borrowers shall Cash Collateralize the L/C Obligations to the extent of such excess.

  • If the Aggregate Revolving Exposure exceeds the Applicable Borrowing Base at any time (an “Overadvance”), such excess amount shall be payable by Borrowers on demand by the Administrative Agent.

  • The aggregate amount of all such Letter of Credit Obligations shall not at any time exceed the least of (A) One Million Dollars ($1,000,000) (the “Letter of Credit Sublimit”), and (B) the Aggregate Revolving Commitment less the aggregate outstanding principal balance of the Revolving Loans and Swingline Loans, and (C) the Applicable Borrowing Base less the aggregate outstanding principal balance of the Revolving Loans and Swingline Loans.

  • Starting six (6) months after the effective date of this Agreement, the following shall apply: Where Scheduling is unable to accommodate multiple requests for the same date, requests for accrued time will be granted first on a first-come, first-serve basis.

  • Royal Care of Harriman, Inc., aka Xxxxxxxx Care & Rehabilitation Center, et al., Docket No. 12684.

  • The Loan Parties have received all deeds, assignments, waivers, consents, non-disturbance and recognition or similar agreements, bills of sale and other documents in respect of, and have duly effected all recordings, filings and other actions necessary to establish, protect and perfect, the Loan Parties’ right, title and interest in and to all such property that is included in the Applicable Borrowing Base.


More Definitions of Applicable Borrowing Base

Applicable Borrowing Base means, with respect to a Weekly Period or any Specified Borrowing Date falling within such Weekly Period, the Borrowing Base calculated with respect to the Weekly Reset Date of such Weekly Period and identified on the most recent Borrowing Base Certificate delivered by the Borrower to the Administrative Agent pursuant to Section 2.12.
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Applicable Borrowing Base means the Initial Credit Line Borrowing Base, the Initial Term Loan Borrowing Base, the Second Credit Line Borrowing Base or the Second Term Loan Borrowing Base, as the context requires.
Sample 1
Applicable Borrowing Base. Lenders shall mean the Required Borrowing Base Lenders or the Required Increasing Borrowing Base Lenders, as applicable.
Sample 1
Applicable Borrowing Base means the Joint Borrowing Base and/or the German Borrowing Base and/or the Swiss Borrowing Base and/or the Joint FILO Borrowing Base, the German FILO Borrowing Base and/or the Swiss FILO Borrowing Base and/or the FILO Borrowing Base, as the context requires.
Sample 1
Applicable Borrowing Base means, at any time, the then effective Borrowing Base less the then effective Borrowing Base Reduction Amount.
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Related to Applicable Borrowing Base

  • 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:

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

  • 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.

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

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

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

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

  • 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.

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

  • Applicable Borrower means, with respect to any Loan or other amount owing hereunder or any matter pertaining to such Loan or other amount, whichever of the Borrowers is the primary obligor on such Loan or other amount.

  • Borrowing Base Amount means:

  • 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.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Revolving Advance has the meaning given in Section 2.1.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

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

  • Revolving Credit Borrowing Request means a request made pursuant to Section 2.4 in the form of Exhibit B-4.

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

  • 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.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Revolving Administrative Agent has the meaning assigned to such term in the preamble of this Agreement.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.