Borrowing Base Values definition

Borrowing Base Values means, with respect to a Borrowing Base Property (subject to any additional limitations set forth in the definition of “Borrowing Base”), an amount equal to:
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Examples of Borrowing Base Values in a sentence

  • Based on such inspections, Administrative Agent may, in its sole but reasonable business judgment discretion, adjust the Eligible Collateral, the Borrowing Base Values, Available Commitment, the Borrowing Base and other calculations pursuant to this Agreement.

  • If any of the limitations on the Borrowing Base set forth in this Agreement are exceeded, Administrative Agent may in its reasonable discretion either remove otherwise Qualified Properties from Eligible Collateral until such limitations are met, reasonably adjust the applicable Borrowing Base Values in order that such limitations are not exceeded, or require Borrower to make a Remargining Payment.

  • The number of Unencumbered Borrowing Base Properties to be less than 4 or the aggregate Unencumbered Borrowing Base Values of the Unencumbered Borrowing Base Properties to be less than $150,000,000.

  • As of the date hereof, the parties agree that the Properties identified on Schedule 4.1. shall be Unencumbered Borrowing Base Properties, and accordingly, shall be included in calculations of the Unencumbered Borrowing Base Value initially having the respective Unencumbered Borrowing Base Values set forth on such Schedule.

  • Each proposed Borrowing Base Report and Collateral Certificate shall be subject to approval and adjustment by Administrative Agent, in its reasonable discretion, based upon (i) Administrative Agent’s review of such report, and (ii) such other information as Administrative Agent may reasonably require in order to verify the Borrowing Base, Eligible Collateral, the Borrowing Base Values, and all other amounts and items relating thereto.

  • If any of the limitations on the Borrowing Base set forth in this Agreement are exceeded, Administrative Agent shall in its reasonable discretion either remove otherwise Qualified Properties from Eligible Collateral until such limitations are met, reasonably adjust the applicable Borrowing Base Values in order that such limitations are not exceeded, or require Borrower to make a Remargining Payment as provided in Section 2.20(c).

  • The number of Borrowing Base Properties to be less than 8 or the aggregate Borrowing Base Values of the Borrowing Base Properties to be less than $200,000,000.

  • Individually and collectively, Long Wharf ------------------------ Marriott, Boston, Massachusetts and Democracy Center, Bethesda, Maryland whose individual Borrowing Base Values exceed 15% (and may exceed 20%) of the Total Commitment in effect from time to time, but whose aggregate Borrowing Base Values cannot exceed 50% of the Total Commitment in effect from time to time.

  • If any of the limitations on the Borrowing Base set forth in this Agreement are exceeded, Lender may in its reasonable discretion either remove otherwise Qualified Properties from Eligible Collateral until such limitations are met, reasonably adjust the applicable Borrowing Base Values in order that such limitations are not exceeded, or require Borrower to make a Remargining Payment.

  • Each proposed Borrowing Base Report and Collateral Certificate shall be subject to approval and adjustment by Lender, in its reasonable discretion, based upon (i) Lender’s review of such report, and (ii) such other information as Lender may reasonably require in order to verify the Borrowing Base, Eligible Collateral, the Borrowing Base Values, and all other amounts and items relating thereto.