Facility Borrowing Base definition

Facility Borrowing Base means, at any date, the lesser of (a) gross consolidated collections from operations of the Borrowers for the fifteen (15) calendar weeks immediately preceding such date, computed on a pro forma basis to include Acquisitions consummated after the Effective Date but prior to such date with the approval of the Lender, (b)(i) Adjusted Consolidated EBITDA for the twelve calendar months immediately preceding such date, multiplied by (ii) 3.35, and (c) 515,150,000.”
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Facility Borrowing Base contained in Section 1.01 of the Financing Agreement is hereby amended by deleting the first sentence thereof and substituting therefor the following:
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Facility Borrowing Base shall have the meaning assigned to such term in Section 12.17.
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Examples of Facility Borrowing Base in a sentence

  • The HMM does allow for longer summaries which can inflate recall scores, so we include compression rate data, or summary length as a percentage of meeting length, in Tables 4.3 and 4.1. We see the upper limit of 20% is not always reached and average summary size approximates the baseline method.

  • The Facility Borrowing Base, as defined in the Existing Revolving Credit Facility agreement, is the lesser of (i) $20,000 or (ii) an amount equal to a percentage of eligible accounts receivable plus a percentage of eligible finished inventory plus a percentage of eligible semi-finished inventory and the amount of the cash collateral held under the Existing Revolving Credit Facility (the “Cash Collateral,” see below).

  • Available liquidity as of March 31, 2023 was $84.0 million, including availability of $44.4 million on the March 2023 ABL Facility Borrowing Base Certificate.

  • Total liquidity as of June 30, 2022 was $70.7 million and available liquidity was $56.6 million, including net availability of $25.1 million available on the June 30, 2022 ABL Facility Borrowing Base Certificate, net of $14.1 million FCCR holdback.

  • At all times while any Term Loan Obligations or any Refinancing Indebtedness related thereto and secured by a Lien on Term Priority Collateral are outstanding, permit Availability to be less than the greater of (i) 15.0% of the sum of (x) the Maximum Borrowing Amount (calculated without giving effect to the Term Loan Push Down Reserve) plus (y) the Term Facility Borrowing Base, and (ii) 11,000,000 at any time.

  • The Borrower acknowledges and agrees that the determination by the Bank of the Facility Borrowing Base, the eligibility of Accounts Receivable for margining purposes and margin rates in relation to Eligible Accounts Receivable shall in no way be construed by the Borrower as an assessment, adjudication or opinion by the Bank of the strength or creditworthiness of any of the Borrower's Accounts Receivable or account debtors in relation to such Accounts Receivable.

  • The issuance of Letters of Credit shall constitute Drawdowns or Rollovers (as applicable) hereunder and shall reduce the availability of the Operating Facility by the aggregate Outstanding Principal of Letters of Credit under the Operating Facility but, for certainty, such reductions to the availability of the Operating Facility shall not be subject to the Operating Facility Borrowing Base.

  • If at any time, from time to time, the unpaid principal amount outstanding and owing by a Borrower under the Term Facility exceeds the Term Facility Borrowing Base applicable to such Borrower then, within thirty (30) days following written request or demand by Lender, such Borrower shall make an immediate payment of principal in reduction of its loan under the Term Facility in an amount not less than the amount necessary to eliminate such excess as of the time of such payment.

  • CUSIPS and ISIN Numbers: 144A Notes: CUSIP: 79970Y AA3 ISIN: US79970YAA38 Reg S Notes: CUSIP: U7967P AA5 ISIN: USU7967PAA58 First Lien Credit Facility Borrowing Base: After giving effect to the issuance of the $400,000,000 million in aggregate principal amount of notes and the retirement of our second lien credit facility, the borrowing base under our first lien credit facility will be reduced by $87.5 million to $87.5 million, all of which will be available for future revolver borrowings.

  • The aggregate amount of Swing Line Advances outstanding shall not exceed at any time the lesser of (A) the Swing Line Commitment and (B) the lesser of the Maximum Amount and (except for Overadvances) the Revolving Facility Borrowing Base, in each case, less the outstanding balance of the Revolving Loan at such time ("SWING LINE AVAILABILITY").


More Definitions of Facility Borrowing Base

Facility Borrowing Base means an amount equal to the Borrowing Base as determined from time to time pursuant to Section 12.17 less all Senior Debt (excluding Indebtedness) then outstanding, as determined from time to time with each redetermination of the Borrowing Base.
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Facility Borrowing Base means at the date of determination, an amount equal to the aggregate of:
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Facility Borrowing Base means, at any date, the lesser of (a) gross consolidated collections from operations of the Borrowers for the three calendar months immediately preceding such date, computed on a pro forma basis to include Acquisitions consummated after the Effective Date but prior to such date with the approval of the Lender, (b)
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Related to Facility Borrowing Base

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

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

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

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

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

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

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

  • 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.

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

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

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

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

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

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Borrowing Base Value means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.

  • New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Canadian Borrowing means a Borrowing of Canadian Loans.