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.
Sample 1Sample 2Sample 3
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, 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.
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.


More Definitions of Applicable Borrowing Base

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
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 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 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.
Sample 1

Related to Applicable Borrowing Base

  • Borrowing Base means, at any time of calculation, 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.

  • Borrowing Base Amount means:

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

  • 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.

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

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

  • Revolving Advances means Advances made other than Letters of Credit.