Borrowing Base Advance Cap definition

Borrowing Base Advance Cap means at any time an amount equal to the least of:
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Borrowing Base Advance Cap means at any time an amount equal to the lesser of:
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Borrowing Base Advance Cap means at any time an amount equal to the least of: (a) $260,000,000.00;
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Examples of Borrowing Base Advance Cap in a sentence

  • The aggregate Effective Amount outstanding under this Agreement shall not exceed the lesser of the Borrowing Base Advance Cap or the Total Available Committed Line Portion.

  • If the Aggregate Amount on any day ever exceeds the Borrowing Base Advance Cap, the Borrower shall immediately (1) repay on that date the excess amount or (2) Cash Collateralize on such date the excess amount.

  • Other than inventory of lead which constitutes Eligible Mexican Inventory, no inventory located in Mexico shall be included in the Borrowing Base Advance Cap.

  • After giving effect to such Credit Extension requested to be made on such date, the Aggregate Amount shall not exceed the Borrowing Base Advance Cap.

  • In the event that any such advance made to fund BNP Paribas or any of its Affiliates results in an advance in excess of the Borrowing Base Advance Cap, the Banks shall have no duty to fund their pro rata share of any excess resulting from such advance made to repay amounts owing to BNP Paribas or any of its Affiliates under any Swap Contract, but BNP Paribas' or any of its Affiliates' outstandings hereunder shall be deemed to be increased by the amount of such excess.

  • It is possible for the Turchi defendants to overcome that defect by (a) repairing or replacing the float or (b) filling the tank as needed by using the pump’s manual setting.

  • Advance Cap (in which case reporting will revert to the last day of each month); provided further, that Holdco may, with the consent of the Agent (in its sole discretion), deliver to the Agent a collateral position report and such other information reflecting the eligible assets and liabilities of the Loan Parties necessary to calculate an updated Borrowing Base Advance Cap, in each case, in form and substance satisfactory to the Agent in its sole discretion.

  • The Borrower represents and warrants, as of the date hereof and as of the date any Letter of Credit is Issued, amended or renewed, that (i) no Default or Event of Default has occurred and is continuing on the date hereof, nor will any thereof occur after giving effect to the Letters of Credit requested above; and (ii) that the Borrowing Base Advance Cap will not be exceeded after giving effect to the Letters of Credit requested above.

  • Section 2.05(b) is amended by deleting "the lesser of (a) the Borrowing Base Advance Cap or (b) the total Committed Line," and replacing it with "the Borrowing Base Advance Cap,".

  • In the event that any such advance made to fund such Swap Bank or any of its Affiliates results in an advance in excess of the Borrowing Base Advance Cap, the Banks shall have no duty to fund their pro rata share of any excess resulting from such advance made to repay amounts owing to such Swap Bank or any of its Affiliates under any Swap Contract, but such Swap Bank’s or any of its Affiliates’ outstandings hereunder shall be deemed to be increased by the amount of such excess.


More Definitions of Borrowing Base Advance Cap

Borrowing Base Advance Cap in Section 1.01 of the Credit Agreement is hereby amended by replacing “25,000,000” with “$35,000,000”.
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Borrowing Base Advance Cap is amended to mean at any time -------------------------- an amount equal to the lesser of:
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Borrowing Base Advance Cap means the following, as determined by reference to the periods of time indicated below:
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Borrowing Base Advance Cap means, as of any date of calculation thereof, the amount due or that would be due from the Borrower, if any (without giving effect to any netting by the Borrower), upon the designation of an “early termination date” or its equivalent or a “termination event” or its equivalent with respect to all Swap Contracts with a particular Swap Bank under the applicable ISDA Master Agreement (or other applicable agreements for physical trades or other transactions) or its equivalent (e.g., long-form confirmations), including, without limitation, any amount due upon the voluntary termination or early settlement thereof.”
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Borrowing Base Advance Cap set forth in Section 1.01 is amended and restated in its entirety as follows:
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Borrowing Base Advance Cap. “Net Working Capital,” “Tangible Net Worth,” and “Total Liabilities” as follows:
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Related to Borrowing Base Advance Cap

  • Borrowing Base Amount means:

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

  • 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 means, as of any date of determination, the result of:

  • 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.

  • Maximum Revolving Advance Amount means $35,000,000.

  • Maximum Advance Amount in respect of each Advance Notice means the greater of: (i) an amount equal to 100% of the average Daily Traded Amount during the five Trading Day immediately preceding an Advance Notice, or (ii) 5,000,000 Common Shares.

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

  • Borrowing Base Report means a Borrowing Base Report for the Borrower signed by an Authorized Signatory of the Borrower and in substantially the form of Exhibit D attached hereto.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • 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.

  • Borrowing Base Test means a test that will be satisfied on any date of determination if the following is true: Where: Advance Rate = 55%.

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.