German Borrowing Base definition
German Borrowing Base means, for each German Borrower at any time, an amount equal to the sum of the Dollar Equivalent of, without duplication:
German Borrowing Base the Dollar Equivalent sum of the following, as set forth in the most recently delivered Borrowing Base Certificate by such German Borrower:
German Borrowing Base means, with respect to the German Loan Parties at any time, subject to the Eligibility Adjustment Principles and Borrowing Base Acquisition Adjustment Principles, the amount (expressed as a U.S. Dollar Equivalent amount) equal to:
Examples of German Borrowing Base in a sentence
No Loan Party will permit any Indenture Restricted Subsidiary to own any (a) assets (x) of the type eligible to be included in the Global Borrowing Base, Swiss Borrowing Base or German Borrowing Base or (y) other than Principal Properties (as defined in each Indenture) or (b) Equity Interests of any Subsidiaries other than another Indenture Restricted Subsidiary.
More Definitions of German Borrowing Base
German Borrowing Base means, as of any date of determination, the result of:
German Borrowing Base means, as of any Borrowing Base Reporting Date, an amount equal to:
German Borrowing Base means, at any time, the sum of
German Borrowing Base means, as of any date of determination, the Dollar Equivalent of:
German Borrowing Base means, at any time 85% of the German Borrower’s Eligible Accounts at such time minus Reserves.
German Borrowing Base. German Collateral Instrument Fees", "German Collateral Instruments", "German Facility Reserve", "German Guaranty", "German Lender", "German Loan Agreement", "German Loan Documents", "German Loans", "German Maximum Drawing Amount", "German Obligations", "German Outstandings", "German Reimbursement Obligations", "German Risk Participation Fee", "German Unpaid Reimbursement Obligations", "Second Amendment" and "Second Amendment Effective Date":
German Borrowing Base. In the case of any German Borrower, the "Borrowing Base" of such German Borrower, for this purpose as the term Borrowing Base is defined in the German Loan Agreement."