Borrowing Base Advances definition

Borrowing Base Advances means a cash advance or cash advances under the Borrowing Base Facility.
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Borrowing Base Advances mean the lesser of (i) 80% of present value of the cash flow stream from the underlying leases or (ii) the original underlying lease amount.
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Borrowing Base Advances means all Revolving Loan advances.
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Examples of Borrowing Base Advances in a sentence

  • If requested by the Lender, Borrower shall have provided the Lender with invoices and vouchers for the work for which the Borrowing Base Advance is requested and lien waivers for all work covered by prior Borrowing Base Advances.

  • The Lender has no duty to monitor for Borrower or to report to Borrower the use of proceeds of Borrowing Base Advances.

  • Borrower may prepay any Borrowing Base Advances without penalty or premium.

  • The Lender may, but will not be obligated to, make Borrowing Base Advances from time to time to pay all costs and expenses of such completion and such amounts will be due and payable within 5 days of written demand and will be added to the outstanding principal amount of all Borrowing Base Advances.

  • Borrowing Base Advances may be used for any general working capital purposes of Borrower, PROVIDED, HOWEVER, that the provisions of this SECTION 2.1(b) do not restrict the Lender from making Protective Advances as otherwise permitted by this Agreement (such as pursuant to SECTION 2.6(d)).

  • If the aggregate amount of the outstanding Advances, Borrowing Base Advances and Equipment Advances exceeds the Maximum Commitment at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

  • In the event IDHs institutional donors terminate, end or materially change their funding of IDH, the Parties reserve the right to terminate the Agreement with immediate effect and without the risk of incurring liability for damages or compensation.

  • If no availability exists under the Committed Revolving Line, then (1) Borrower may request Borrowing Base Advances in an aggregate outstanding amount not to exceed the lesser of (A) the Borrowing Base Line or (B) the Borrowing Base, and (2) amounts borrowed pursuant to this Section 2.1(b) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Borrowing Base Advances under this Section 2.1(b) shall be immediately due and payable.

  • Subject to the terms and conditions of this Agreement and from time to time prior to the Maturity Date, the Lender agrees to make Borrowing Base Advances to Borrower up to the current Available Borrowing Base Commitment as determined pursuant to the most current Borrowing Base Reconciliation Report.

  • Except as set forth in Section 2.3(b) the Advances, the Borrowing Base Advances, and any drawn but unreimbursed amounts under the Letter of Credit shall bear interest, on the outstanding daily balance thereof, at a rate equal to 2.50% above the Prime Rate.


More Definitions of Borrowing Base Advances

Borrowing Base Advances has the meaning ascribed to such term in Section 2.1.1 hereof. "Business Day" is any day that is not a Saturday, Sunday or a day on which the Bank is closed.
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Borrowing Base Advances means the principal amount of the advances made or to be made under the Borrowing Base Facility, as reduced from time to time by repayment or prepayment;
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Related to Borrowing Base Advances

  • 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.

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

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

  • Domestic 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:

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

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • 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:

  • Revolving Advance has the meaning given in Section 2.1.

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

  • 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.

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

  • Borrowing Base Report means a report in substantially the form of Exhibit E (or such other form approved by Administrative Agent) certified by a Responsible Officer of Borrower.

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

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

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

  • or "Advances means a cash advance or cash advances under the Revolving Facility.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Borrowing Base Test means as of any date, a determination that (a) the lesser of (i) the Borrowing Base and (ii) the Facility Amount shall be equal to or greater than (b) the Advances Outstanding.

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

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

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Loan Advance The meaning specified in Section 2.2(a).