Borrowing Base Loans definition

Borrowing Base Loans means, as of any date of determination, all Timeshare Loans that are Eligible Timeshare Loans on such date and owned directly by the Issuer and pledged to the Indenture Trustee pursuant to the Indenture and Servicing Agreement or a Supplemental Grant.
Sample 1Sample 2Sample 3
Borrowing Base Loans means, as of any date of determination, all Timeshare Loans that are Eligible Timeshare Loans on such date and owned directly by the Issuer and Granted to the Indenture Trustee pursuant to the Indenture.
Sample 1Sample 2Sample 3
Borrowing Base Loans means, at the time in question, the sum of (a) the aggregate of the principal balances of the outstanding Advances, (b) the aggregate of the principal balances of the outstanding Term Loans, and (c) the aggregate of the face amounts of the outstanding Letters of Credit.
Sample 1

Examples of Borrowing Base Loans in a sentence

  • Collectively, (a) the Borrowing Base Properties and (b) the Borrowing Base Loans.

  • Such Services include: The Consultant shall perform the Services according to the following schedule:___ The Consultant agrees that time is of the essence in the performance of this Agreement.

  • All Borrowing Base Loans complied with all applicable usury laws in effect at its date or origination.

  • The initial Borrowing Base Loans (the “Initial Borrowing Base Loans”) are identified on Schedule 1.2 attached hereto, and are hereby approved by the Agent and the Lenders.

  • The Borrowing Base Availability attributable to Borrowing Base Loans.

  • With respect to all Borrowing Base Assets included in the calculation of the Borrowing Base Availability, the ratio (expressed as a percentage) of (a) the sum of (i) total interest received on the Borrowing Base Loans for the trailing twelve (12) month period plus (ii) the Adjusted Net Operating Income from the Borrowing Base Properties divided by (b) outstanding principal balance of Revolving Credit Loans, Swing Loans and Letter of Credit Liabilities.

  • In the event that all Mortgaged Properties and Borrowing Base Loans owned by a Subsidiary Guarantor shall have been released as Collateral for the Obligations and Hedge Obligations in accordance with the terms of this Agreement, then such Subsidiary Guarantor shall be released by Agent from liability under this Agreement and the other Loan Documents.

  • Borrowing Base: Loans made under the Revolving Facility will be subject to a reasonable borrowing base with standard advance rates to be agreed to between the Borrower and the Administrative Agent.

  • Borrowers shall be jointly and severally liable with respect to the obligations under the Borrowing Base Loans and with respect to all other Obligations.

  • With respect to each Borrowing Base Loan included in the calculation of the Borrowing Base Availability, the ratio of (a) total interest received on the individual Borrowing Base Loan divided by (b) the Borrowing Base Mortgage Loan Amount for such Borrowing Base Loan, and the Debt Yield for all such Borrowing Base Loans shall be the sum of such calculation of all such Borrowing Base Loans.


More Definitions of Borrowing Base Loans

Borrowing Base Loans means the Portfolio Loans which are Eligible Investments.
Sample 1
Borrowing Base Loans shall have the meaning set forth in the Revolving Loan Agreement.
Sample 1
Borrowing Base Loans means, the loans made to or for the benefit of Borrowers by Lenders or, at Agent’s option, by Agent for the ratable account of Lenders, on a revolving basis pursuant to the terms hereof (involving advances, repayments and readvances) as set forth in Section 3.1 hereof.
Sample 1
Borrowing Base Loans means, at any time, the aggregate amount of outstanding Advances and Letters of Credit.
Sample 1
Borrowing Base Loans means the Borrowing Base Loans made by Lender to Borrowers pursuant to subsection 2.1A. ``Borrowing Orders'' means the Interim Order and the Final Order.
Sample 1

Related to Borrowing Base Loans

  • 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.

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

  • Canadian Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication:

  • 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 Amount means:

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

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

  • 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.

  • Revolving Loan Availability means at any time the lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.

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

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

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

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

  • 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: AR =57%.

  • Borrowing Base Properties means the Oil and Gas Properties of the Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.

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

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • 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.

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

  • 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.

  • Overadvance Loan means a Base Rate Revolving Loan made when an Overadvance exists or is caused by the funding thereof.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

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

  • Borrowing Base Property means Eligible Property and/or Commercial Land that the Administrative Agent has agreed to include in calculations of the Borrowing Base pursuant to Section 4.1. A Property shall be excluded from the determination of the Borrowing Base if at any time such Property shall cease to be an Eligible Property.