Dollar Borrowing Base definition

Dollar Borrowing Base means an amount, calculated in Dollars, equal to (i) the portion of the Borrowing Base that is allocable to Collateral Loans that are denominated in Dollars times (ii) the Maximum Advance Rate.
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Dollar Borrowing Base. As of any Measurement Date, an amount equal to the aggregate sum of (i) the sum of the products, for each Eligible Loan denominated in Dollars as of such date, of (A) the Applicable Percentage for each such Eligible Loan as of such date and (B) the Adjusted Borrowing Value of each such Eligible Loan as of such date, plus (ii) the amount of Dollars on deposit in the Principal Collection Account as of such date, minus (iii) the Unfunded Exposure Required Amount with respect to Eligible Loans denominated in Dollars, plus (iv) the amount of Dollars on deposit in the Unfunded Exposure Account.
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Examples of Dollar Borrowing Base in a sentence

  • If any U.S. Dollar Borrowing Base Certificate shows that the sum of the aggregate amount of the Interim Revolving Credit Exposure on the date of such Certificate exceeds the U.S. Dollar Borrowing Base on such date, CC Canada shall prepay the Interim Revolving Credit Loans on the date such Certificate is delivered to the Administrative Agent in an aggregate amount equal to the amount of such excess.

  • The Administrative Agent shall have received from the Borrowers, with a counterpart for each Bank, a U.S. Dollar Borrowing Base Certificate and a Canadian Dollar Borrowing Base Certificate, in each case dated the Closing Date, with appropriate insertions and attachments satisfactory in form and substance to the Administrative Agent, executed by a Responsible Officer of the appropriate Borrower(s).

  • If any Canadian Dollar Borrowing Base Certificate shows that the aggregate amount of the Canadian Dollar Exposure on the date of such Certificate exceeds the Canadian Dollar Borrowing Base on such date, VWR Canada shall prepay the Canadian Dollar Loans on the date such certificate is delivered to the Administrative Agent in an aggregate amount equal to the amount of such excess.

  • If any Canadian Dollar Borrowing Base Certificate shows that the aggregate amount of the Canadian Dollar Revolving Credit Exposure on the date of such Certificate exceeds the Canadian Dollar Borrowing Base on such date, CC Canada shall prepay the Canadian Dollar Revolving Credit Loans on the date such certificate is delivered to the Administrative Agent in an aggregate amount equal to the amount of such excess.

  • On behalf of [INSERT NAME OF BORROWER], the Parent hereby requests a [Euro- Dollar Borrowing] [Base Rate Borrowing] [Swing Loan Borrowing] [Syndicated Foreign Currency Borrowing] [specify Foreign Currency] in the aggregate principal amount [Dollar Equivalent] of $___________ to be made on ______________, _____, and for interest to accrue thereon at the rate established by the Credit Agreement for [Euro-Dollar Loans] [Base Rate Loans][Syndicated Foreign Currency Loans].

  • Now I know he was travelling to Dublin, you know Kilkenny to Dublin, and obviously he has train times and that to catch, but I just felt, I suppose, that it probably could have been done over two days with a longer schedule.

  • Consolidated Total Debt shall not exceed $94,300,000, Senior Debt/EBITDA, after giving effect to the Arell Acquisition and the Airborne Acquisition, shall not exceed 3.30 to 1.00 and availability under the U.S. Dollar Borrowing Base and the Canadian Borrowing Base shall be at least $10,000,000.

  • The Administrative Agent shall --------------------------- have received from the Borrowers, with a counterpart for each Bank, a U.S. Dollar Borrowing Base Certificate and a Canadian Dollar Borrowing Base Certificate, in each case dated the Closing Date, with appropriate insertions and attachments satisfactory in form and substance to the Administrative Agent, executed by a Responsible Officer of the 76 appropriate Borrower(s).

Related to Dollar Borrowing Base

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

  • Eurodollar Borrowing means a Borrowing comprised of Eurodollar Loans.

  • Eurodollar Base Rate has the meaning specified in the definition of Eurodollar Rate.

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

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

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

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

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

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

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Eurocurrency Base Rate means, for such Interest Period:

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

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

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

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

  • Eurodollar Interest Period means, for any Eurodollar-based Advance, an Interest Period of one, two or three months (or any shorter or longer periods agreed to in advance by the Borrower, Agent and the Lenders) as selected by Borrower, for such Eurodollar-based Advance pursuant to Section 2.3 or 4.4 hereof, as the case may be.

  • Eurodollar Business Day means any Business Day on which major commercial banks are open for international business (including dealings in Dollar deposits) in New York, New York and London, England.

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR 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.

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

  • Eurocurrency Interest Period means with respect to any Eurocurrency Rate Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, to the extent agreed to by the Agent and each Lender making such Eurocurrency Rate Borrowing, twelve months or any shorter period) thereafter, as a Borrower may elect; provided that (a) if any Eurocurrency Interest Period would end on a day other than a Business Day, such Eurocurrency Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Eurocurrency Interest Period shall end on the next preceding Business Day, (b) any Eurocurrency Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Eurocurrency Interest Period) shall end on the last Business Day of the last calendar month of such Eurocurrency Interest Period and (c) no Eurocurrency Interest Period for any (i) Eurocurrency Rate Revolving Loan shall end after the latest Scheduled Termination Date for the applicable Revolving Commitments under the applicable Revolving Facility or (ii) Eurocurrency Rate Term Loans shall end after the stated maturity date of such Term Loans.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Eurodollar Reserve Percentage means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurodollar Rate for each outstanding Eurodollar Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve Percentage.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • LIBO Borrowing means a Borrowing comprised of LIBO Loans.