Borrowing Base Termination Date definition

Borrowing Base Termination Date means, if at such time no Default under section 10.1(a) or Event of Default shall have occurred and be continuing, (i) September 30, 2002, or (ii) such earlier date, if any, as of which the Borrower shall have delivered to the Administrative Agent and the Lenders its written undertaking to comply with section 9.8 of this Agreement as if such section 9.8 had been amended so as not to permit the Borrower at any time to have a ratio of its Consolidated Total Debt to Consolidated EBITDA for its Testing Period most recently ended in excess of 2.50 to 1.00 (and effective upon such delivery such section 9.8 of this Agreement shall be deemed to have been so amended). The Administrative Agent shall notify the Borrower and the Lenders of the occurrence of the Borrowing Base Termination Date, specifying the same.
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Borrowing Base Termination Date means the date upon which the Revolving Commitments shall have been terminated and all Revolving Loans irrevocably paid in full.
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Borrowing Base Termination Date means the first date after the Restatement Date, or if applicable, after a Borrowing Base Reinstatement Date, on which the Borrower has delivered two consecutive compliance certificates pursuant to Section 6.1(e) demonstrating to the reasonable satisfaction of the Administrative Agent that the Total Cash Flow Leverage Ratio was less than 2.0 to 1.0 as of the last day of the most recently ended fiscal quarter set forth in each such compliance certificate.
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Examples of Borrowing Base Termination Date in a sentence

  • For the avoidance of doubt, inasmuch as no Derivative Transactions are in effect on the Closing Date, no Borrowing Base reduction or mandatory prepayment shall be required solely as a result of any Derivative Liquidation (if any) occurring prior to the Initial Borrowing Base Termination Date.

  • Notwithstanding anything to the contrary contained herein, the Borrowing Base may be subject to reduction from time to time, including prior to the Initial Borrowing Base Termination Date, pursuant to Section 2.04(f)(iii), Section 7.16(c), Section 8.02(d)(iii), Section 8.05(l) and Section 8.12(d).

  • If the Borrower requests a Special Borrowing Base Determination prior to the occurrence of any event of the types described in clauses (a) through (c) of the definition the Initial Borrowing Base Termination Date, then the Initial Borrowing Base Termination Date shall have occurred on the Early Determination Notice Date.

  • Unused fees shall be determined quarterly in arrears and shall be payable on the last day of each calendar quarter and on the Borrowing Base Termination Date, provided that should the Borrowing Base Loan be terminated at any time prior to the Borrowing Base Termination Date for any reason, the entire accrued and unpaid unused fee shall be paid on the date of such termination.

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  • If, on any date prior to the Borrowing Base Termination Date, the Loans then outstanding exceed the Borrowing Base on such date, the Loans shall be repaid in an amount equal to, in the aggregate, such excess.

  • XXXXX FARGO BANK, NATIONAL ASSOCIATION By: __________________________________ Name: 6 Title: Date: ________ __, 20[ ] Prior to the SMMC Interim Borrowing Base Termination Date: $75M Post SMMC Interim Borrowing Base Termination Date: 1 Jan $85M $95M 2 Feb $85M $95M 3 Mar $85M $95M 4 Apr $100M $120M $120M 5 May $100M $120M 6 June $100M $120M 7 July $100M $120M 8 August $100M $120M 9 Sept $100M $120M 10 Oct $85M $95M 11 Nov $85M $95M 12 Dec $85M $95M [TEMPUR SEALY INTERNATIONAL, INC.

  • Such unused fee shall accrue from and including the date of this Loan Agreement to and including the Borrowing Base Termination Date.

  • For the avoidance of doubt, on and after the Non-Conforming Borrowing Base Termination Date, the Conforming Borrowing Base shall equal the Borrowing Base.

  • In addition to Scheduled Borrowing Base Determinations pursuant to Section 2.04(a), the Borrower may at any time, and the Administrative Agent (as directed by the Required Lenders) may at any time after the Initial Borrowing Base Termination Date (including after a Curtailment Determination Notice Date), each request a special redetermination once during each Borrowing Base Period (“Special Borrowing Base Determination”).


More Definitions of Borrowing Base Termination Date

Borrowing Base Termination Date means June 30, 2007.
Sample 1
Borrowing Base Termination Date means. if at such time no Default under section 10.1(a) or Event of Default shall have occurred and be continuing, (i) December 31, 2001, or (ii) such earlier date, if any, as of which the Borrower shall have delivered to the Administrative Agent and the Lenders its written undertaking to comply with section 9.8 of this Agreement as if such section 9.8 had been amended so as not to permit the Borrower at any time to have a ratio of its Consolidated Total Debt to Consolidated EBITDA for its Testing Period most recently ended in excess of 2.50 to 1.00 (and effective upon such delivery such section 9.8 of this Agreement shall be deemed to have been so amended). The Administrative Agent shall notify the Borrower and the Lenders of the occurrence of the Borrowing Base Termination Date, specifying the same.
Sample 1
Borrowing Base Termination Date means the earlier to occur of (a)
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Borrowing Base Termination Date means the earlier to occur of (a) ------------------------------- July 1, 2001 and (b) such date as the Borrowers elect in writing to the Administrative Agent to terminate the use of the Borrowing Base formula and convert to a borrowing limitation tied to the Leverage Ratio restrictions set forth in Section 7.8 hereof.
Sample 1

Related to Borrowing Base Termination Date

  • Availability Termination Date means, as to either Borrower, the earliest of (a) the Maturity Date for such Borrower, (b) the reduction of the Borrower Sublimit of such Borrower to zero pursuant to Section 2.8.3 or termination of the obligation to make Loans to, or issue Letters of Credit for the account of, such Borrower pursuant to Section 8.1 and (c) the date of termination in whole of the Aggregate Commitment and the Commitments pursuant to Section 2.8.3 or Section 8.1.

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Revolver Termination Date means the date that is the four (4) year anniversary of the Restatement Effective Date, unless extended with the consent of each Lender in its sole and absolute discretion.

  • Lease Termination Date means the last day of the Lease Term.

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • Swingline Termination Date means the date which is 7 Business Days prior to the Termination Date.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Scheduled Commitment Termination Date means March 21, 2023March 28, 2022.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Redetermination Date means, with respect to any Scheduled Redetermination or any Interim Redetermination, the date that the redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d).

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Revolving Commitment Termination Date means the earliest to occur of (i) the fifth anniversary of the Closing Date, (ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, and (iii) the date of the termination of the Revolving Commitments pursuant to Section 8.1.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Liquidity Termination Date means the earlier to occur of the following:

  • Termination Date Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Termination Date Demand.

  • Existing Commitment Termination Date as defined in Section 2.12(a).

  • Letter of Credit Termination Date means the fifth Domestic Business Day prior to the Termination Date.

  • Revolving Termination Date means the earlier to occur of:

  • Scheduled Termination Date means July 9, 2021 or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.02.

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

  • Forbearance Termination Date means the earlier to occur of (i) the Termination Date and (ii) a Termination Event.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.