Borrowing Base Request definition

Borrowing Base Request has the meaning assigned to such term in Section 5.01(q).
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Borrowing Base Request has the meaning ascribed thereto in Section 4.4. "Borrowing Base Update" has the meaning ascribed thereto in Section 4.4.
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Examples of Borrowing Base Request in a sentence

  • Provided that there is availability under the Line of Credit, Bank shall use its commercially reasonable best efforts to deposit each Advance into the Operating Account (as such term is defined in paragraph 5.2.15) no later than 2:00 p.m. (Indianapolis time) on the Banking Day upon which the Borrower makes a Borrowing Base Request.

  • Receipt by the Lender of: (a) a duly executed and satisfactorily completed Loan Request; and (b) a Borrowing Base Certificate and, if applicable, all other Borrowing Base Request Documentation and Requirements.

  • Borrower agrees that Bank may rely on any such email, telex or telegraphic Borrowing Base Request made by any Person whom Bank in good faith believes to be authorized.

  • Each Borrowing Base Request once received by Bank shall be irrevocable, subject to Section 2.13 hereof.

  • Areas of strength and areas of improvement are discussed to make decisions for the following school year.‌ 6.

  • Each Loan Request shall be accompanied by a Borrowing Base Certificate and all of the required Borrowing Base Request Documentation and Requirements (to the extent not previously provided to the Lender).

  • The Required Lenders shall only be entitled to make such Borrowing Base Request once per Fiscal Year.

Related to Borrowing Base Request

  • 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.

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

  • 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.

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

  • 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 Certificate means a certificate, signed and certified as accurate and complete by a Financial Officer of the Borrower Representative, in substantially the form of Exhibit C or another form which is acceptable to the Administrative Agent in its sole discretion.

  • Advance Request means a request for an Advance submitted by Borrower to Lender in substantially the form of Exhibit A.

  • 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 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.

  • Domestic 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.

  • Facility Increase Request means the notice in the form of Exhibit H pursuant to which the Borrowers request an increase of the Maximum Commitment in accordance with Section 3.6.

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

  • Borrowing Notice is defined in Section 2.8.

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

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

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

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

  • Borrowing Base Deficiency means, at any date on which the same is determined, the amount, if any, that (a) the aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.

  • Borrowing Request means a request by the Borrower for a Borrowing in accordance with Section 2.03.

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Accelerated Borrowing Base Delivery Event means either (i) the occurrence and continuance of any Event of Default, or (ii) the failure of the Borrowers to maintain Availability at least equal to the greater of (x) $22,500,000 and (y) fifteen percent (15%) of the Loan Cap. For purposes of this Agreement, the occurrence of an Accelerated Borrowing Base Delivery Event shall be deemed continuing (i) so long as such Event of Default has not been waived, and/or (ii) if the Accelerated Borrowing Base Delivery Event arises as a result of the Borrowers’ failure to achieve Availability as required hereunder, until Availability has exceeded the greater of (x) $22,500,000 and (y) fifteen percent (15%) of the Loan Cap for thirty (30) consecutive calendar days, in which case an Accelerated Borrowing Base Delivery Event shall no longer be deemed to be continuing. The termination of an Accelerated Borrowing Base Delivery Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Accelerated Borrowing Base Delivery Event in the event that the conditions set forth in this definition again arise.

  • Term Loan Administrative Agent means the administrative agent under the Term Loan Agreement