Borrowing Base Date definition

Borrowing Base Date the most recent date as of which the U.S. Borrower has based a Borrowing Base Report to be delivered by the U.S. Borrower pursuant to Section 7.2(c).

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Borrowing Base Date the most recent date as of which the Borrowers’ Agent has based a Borrowing Base Report to be delivered by the Borrowers’ Agent pursuant to Section 7.2(b).

Borrowing Base Date has the meaning attributed thereto in Section 2.8(b);

Examples of Borrowing Base Date in a sentence

Notwithstanding the foregoing, the Borrower shall only be required to cause Holdings and its subsidiaries to comply with the foregoing as soon as reasonably practicable after the Second Restatement Effective Date (but in any event by the Borrowing Base Date).
For greater certainty, if the Lenders and the Operating Facility Lender cannot agree upon the amount of the Borrowing Base by the applicable Borrowing Base Date, the Borrowing Base shall be equal to the lowest Borrowing Base, as determined by any single applicable Lender in conjunction with that Borrowing Base determination or re-determination on or before such applicable Borrowing Base Date.
The Agent will notify the Borrower of the determination of the Borrowing Base on or before each Borrowing Base Date, and will include in such notification the Borrowing Base amount which each Lender determined or re-determined.
The Borrower agrees not to effect or permit any change referred to in the preceding sentence unless all filings have been made under the Uniform Commercial Code or otherwise that are required in order for the Administrative Agent to continue at all times following such change to have a valid, legal and perfected security interest in all the Senior Collateral (and, prior to the Borrowing Base Date, the Interim Collateral).
As part of the LESSOR's asset protection plan and in application of the preliminary declaration, the LESSEE shall be solely responsible for negotiating with the LESSOR's broker both the face amount to be insured and the premium rate of the subscribed insurance.

More Definitions of Borrowing Base Date

Borrowing Base Date means the first date after the Second Restatement Effective Date on which the conditions set forth in Section 4.03 have been satisfied.

Borrowing Base Date means October 31, 2003, if the Borrower shall not have consummated a Minimum Capital Raise on or before such date.

Borrowing Base Date means the date that is one (1) Borrower Business ------------------- Day prior to the date of delivery of the Borrowing Base Certificate.

Borrowing Base Date means each date on which a Borrowing Base Certificate is delivered to the Administrative Agent pursuant to Section 4.01(q), Section 5.01(h), Section 5.14 (or, if later, the date on which the designation of the applicable Unrestricted Subsidiary becomes effective), Section 6.05(k) (or, if later, the date on which the applicable Disposition is consummated) or Section 6.05(ii) (or, if later, the date on which the applicable Disposition is consummated), as applicable.

Borrowing Base Date means November 24, 2003.

Borrowing Base Date related letter of credit (or, if applicable, the maximum value of the related letter of credit after giving effect to any tolerance included therein, and the amount of such tolerance); (B) a schedule of each Eligible Account Receivable and Eligible Unbilled Account Receivable, listing the counterparty thereof, and each of the offsets and deductions to the amount of such Eligible Account Receivable or Eligible Unbilled Account Receivable, as applicable, including, if applicable, (1) the contra account balance thereof, (2) any offset or counterclaim resulting from trade liabilities, (3) the net marked-to-market net-off calculation of any losses applied to the Account Debtor after deduction for all margin monies received and/or paid and the details of any related letters of credit described in clause (A) above, (4) any Out of the Money Forward Contract Amounts applied thereto pursuant to clause (F) of the definition of “U.S. Borrowing Base” or “Kildair Borrowing Base”, as applicable) and (5) any adjustments described in the definitions of U.S. Borrowing Base or Kildair Borrowing Base, as applicable, to the extent applicable; and (C) with respect to each Eligible Account Receivable, other than Eligible Unbilled Accounts Receivable, to the extent applicable, an aging report in form and substance satisfactory to the Administrative Agent; (iii) for each of the U.S. Borrowing Base and the Kildair Borrowing Base, for Eligible Inventory, a schedule of (A) inventory locations, (B) Market Value and inventory volumes by location and type of Eligible Commodity, (C) if requested by the Administrative Agent, in the case of Eligible Hedged Petroleum Inventory and (in the case of the U.S. Borrowing Base) Eligible Hedged Natural Gas Inventory, evidence of the hedge as demonstrated to the reasonable satisfaction of the Administrative Agent in the Position Report delivered concurrently with the applicable Borrowing Base Report, (D) each of the offsets and deductions used in determining the value of the Eligible Inventory, including any exchange payable or other offsets and any adjustments described in the definitions of U.S. Borrowing Base or Kildair Borrowing Base, as applicable, to the extent applicable, (E) except to the extent covered by clause (F) or clause (G) below, available supporting documentation for the inventory volumes as of such Borrowing Base Date, (F) within thirty (30) days after each Borrowing Base Date with respect to a calendar month (provided that the U.S...

Borrowing Base Date with respect to the Loan Parties at any time, the most recent date as of which the Loan Parties have based a Borrowing Base Report to be delivered by the Loan Parties pursuant to Section 7.2(c).