Currency Borrowing Base definition

Currency Borrowing Base means each of (i) the Pounds Sterling Borrowing Base, (ii) the Australian Dollars Borrowing Base, (iii) the Euro Borrowing Base, and (iv) the Canadian Dollars Borrowing Base.
Sample 1Sample 2Sample 3
Currency Borrowing Base means, for any Currency at any time, an amount in such Currency equal to the Currency Equivalent of the product of (a) the Borrowing Base at such time, times (b) a fraction, the numerator of which is the Dollar Equivalent of the Currency Net Receivables Balance for such Currency at such time and the denominator of which is the Net Receivables Balance at such time.
Sample 1Sample 2

Examples of Currency Borrowing Base in a sentence

  • On each Settlement Date, the Currency Net Advances in each Currency do not exceed the Currency Borrowing Base for such Currency.

Related to Currency Borrowing Base

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

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

  • 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:

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

  • Euro-Dollar Borrowing has the meaning set forth in Section 1.3.

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

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.07.

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

  • Reference Currency means the currency specified as such in the applicable Final Terms.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars, Euros, Pound Sterling, Swiss Francs, Mexican Pesos, Australian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • 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.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Alternative Currency Daily Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Eurodollar Borrowing means a Borrowing comprised of Eurodollar Loans.