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.
Borrowing Base Test means a test that will be satisfied on any date of determination if the following is true: Where: Advance Rate = 55%.
Borrowing Base Test means a test that will be satisfied on any date of determination if the following is true:
Examples of Borrowing Base Test in a sentence
Any requested Advance shall be in an amount such that, after giving effect thereto and the related purchase (if any) of the applicable Portfolio Investment(s), the Borrowing Base Test and the Minimum Equity Test are each satisfied.
None of the Collateral Agent, the Collateral Administrator or the Securities Intermediary shall be deemed to have knowledge of any Default, Event of Default, Market Value Event, failure of the Borrowing Base Test or failure of the Minimum Equity Test unless and until a Responsible Officer has received written notice thereof from the Company, a Financing Provider or the Administrative Agent.
More Definitions of Borrowing Base Test
Borrowing Base Test means a test that will be satisfied on any date of determination if the following is true: Where: Adv = the aggregate principal amount of the Advances actually outstanding on such date of determination; PP = Principal Proceeds then on deposit in the Accounts, the Permitted CAD Accounts, the Permitted EUR Accounts and the Permitted GBP Accounts (including cash and Eligible Investments (other than Principal Proceeds that have been identified for use to settle outstanding Purchase Commitments which have traded but not settled)); and AR = 60%.
Borrowing Base Test means a test that will be satisfied at any time if (i) Advances Outstanding are less than or equal to the Borrowing Base (Aggregate) at such time, (ii) the aggregate principal balance (in CAD) of all CAD Advances outstanding hereunder are less than the Borrowing Base (CAD), (iii) the aggregate principal balance (in EUR) of all EUR Advances outstanding hereunder are less than the Borrowing Base (EUR) and (iv) the aggregate principal balance (in GBP) of all GBP Advances outstanding hereunder are less than the Borrowing Base (GBP).
Borrowing Base Test means as of any Business Day, that the Borrowing Base shall be equal to or greater than Credits Outstanding.
Borrowing Base Test means a test that will be satisfied at any time if Advances Outstanding (converting all amounts not denominated in Dollars to Dollars at the Applicable Conversion Rate) are less than or equal to the Borrowing Base (Aggregate) at such time.
Borrowing Base Test means a test that will be satisfied at any time if (i) Advances Outstanding (converting all amounts not denominated in Dollars to Dollars at the Spot Rate) are less than or equal to the Borrowing Base (Aggregate) at such time, (ii) if Advances Outstanding which are denominated in AUD are less than or equal to the Borrowing Base (AUD) at such time, (iii) if Advances Outstanding which are denominated in CAD are less than or equal to the Borrowing Base (CAD) at such time, (iv) if Advances Outstanding which are denominated in EUR are less than or equal to the Borrowing Base (EUR) at such time or (v) if Advances Outstanding which are denominated in GBP are less than or equal to the Borrowing Base (GBP) at such time.
Borrowing Base Test means a test that will be satisfied at any time if (i) Advances Outstanding (converting all amounts not denominated in Dollars to Dollars at the Spot Rate) are less than or equal to the Borrowing Base (Aggregate) at such time, (ii) if Advances Outstanding which are denominated in AUD are less than or equal to the Borrowing Base (AUD) at such time, (iii) if Advances Outstanding which are denominated in CAD are less than or equal to the Borrowing Base (CAD) at such time, (iv) if Advances Outstanding which are denominated in DKK are less than or equal to the Borrowing Base (DKK) at such time, (v) if Advances Outstanding which are denominated in EUR are less than or equal to the Borrowing Base (EUR) at such time, (vi) if Advances Outstanding which are denominated in GBP are less than or equal to the Borrowing Base (GBP) at such time, (vii) if Advances Outstanding which are denominated in NOK are less than or equal to the Borrowing Base (NOK) at such time, (viii) if Advances Outstanding which are denominated in NZD are less than or equal to the Borrowing Base (NZD) at such time or (ix) if Advances Outstanding which are denominated in SEK are less than or equal to the Borrowing Base (SEK) at such time.
Borrowing Base Test means a test that will be satisfied on any date of determination if (a) the Borrowing Base Ratio is not greater than the Facility Advance Rate, (b) the sum of the aggregate outstanding principal amount of the Advances is not greater than the Borrowing Base, and (c) the aggregate outstanding principal amount of the Advances plus an amount equal to the positive difference between the aggregate Unfunded Exposure Amount and the amounts on deposit in the Unfunded Exposure Account and the Unfunded Exposure Allocated Amounts on such date of determination is not greater than the Financing Commitment.