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

  • 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).

  • 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 Dollar Borrowing Base shall be determined by the Agents by reference to the most recent Borrowing Base Report delivered on a timely basis to the Agents in accordance with Section 11.4(f).

  • 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].

  • 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).

Related to Dollar Borrowing Base

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

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

  • 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.