Interim Borrowing Base definition

Interim Borrowing Base. As of any Interim Borrowing Base Determination Date, with respect to the Term Notes and the MSR VFNs an amount equal to the aggregate related Collateral Value (as calculated using clause (c) of the definition of Market Value Percentage) and, with respect to the SPIA VFNs, the related Collateral Value.
Sample 1
Interim Borrowing Base means, on any date, an amount equal to the result of (a) the Adjusted Asset Value divided by (b) the Borrowing Base Factor; provided, however, that for the purpose of the calculation of the Interim Borrowing Base only, the assets described in clauses (i), (ii) and (vii) of the definition of "Adjusted Asset Value" shall be divided by 1.35 instead of by the Borrowing Base Factor. Investment shall mean, as to any Person, any investment of any Person, whether by means of security purchase, capital contribution, loan, time deposit or otherwise, and shall include, without limitation, any Fund Investment, Publicly Traded Security, Cash Equivalent or Cash of such Person.
Sample 1
Interim Borrowing Base means, on any date, an amount equal to the result of (a) the Adjusted Asset Value divided by (b) the Borrowing Base Factor; provided, however, that for the purpose of the calculation of the Interim Borrowing Base only, the assets described in clause (xvi) of the definition of "Adjusted Asset Value" shall be divided by 1.35 instead of by the Borrowing Base Factor.
Sample 1

Examples of Interim Borrowing Base in a sentence

  • The Administrator shall report the occurrence of an Interim Borrowing Base Determination Date promptly after a Responsible Officer of the Administrator shall have obtained actual knowledge of such occurrence, and in any event within one (1) Business Day of obtaining such knowledge.

  • PLS shall report the occurrence of an Interim Borrowing Base Determination Date promptly after a Responsible Officer of the Administrator shall have obtained actual knowledge of such occurrence, and in any event within one (1) Business Day of obtaining such knowledge.

  • Interim Borrowing Base: As of any Interim Borrowing Base Determination Date, an amount equal to the aggregate Collateral Value (as calculated using clause (c) of the definition of Market Value Percentage) of the Portfolio.

  • Interim Borrowing Base Payment Date: The fifth (5th) Business Day following an Interim Borrowing Base Determination Date.

  • Interim Borrowing Base Payment Date: Provided that the applicable Modified Valuation Trigger is outstanding on such date, the fifth (5th) Business Day following an Interim Borrowing Base Determination Date; provided, however, an Interim Borrowing Base Payment Date shall not occur if the Modified Valuation relates to an immediately preceding Market Value Report and a Payment Date using a new Market Value Report occurs on or prior to the Interim Borrowing Base Payment Date.

  • Borrowers warrant, with respect to each Account at the time it is shown as an Eligible Account in a Borrowing Base Certificate or Interim Borrowing Base Certificate, that:” In all other respects, Section 9.1.25 remains in effect as set forth in the Loan Agreement.

  • The Lead Borrower shall have (a) used commercially reasonable efforts to deliver to the Administrative Agent a satisfactory (i) field exam and inventory appraisal from an appraiser reasonably acceptable to the Administrative Agent and (ii) a Borrowing Base Certificate in form and substance reasonably satisfactory to the Administrative Agent or (b) delivered to the Administrative Agent an Interim Borrowing Base Certificate.

  • During the one-year period following the Closing Date and any remaining period of the Fiscal Quarter in which such one-year anniversary occurs (the "Interim Borrowing Base Credit Period"), such amount shall be increased by adding the Interim Borrowing Base Credit (as hereinafter defined) to such lesser amount.

  • The Administrator shall report the occurrence of an Interim Borrowing Base Determination Date promptly after a Responsible Officer of the Administrator shall have obtained actual knowledge of such occurrence, and in any event within [***] of obtaining such knowledge.

  • The Lead Borrowers shall have (a) used commercially reasonable efforts to deliver to the Administrative Agent a satisfactory (i) field exam and inventory appraisal from an appraiser reasonably acceptable to the Administrative Agent and (ii) a Borrowing Base Certificate in form and substance reasonably satisfactory to the Administrative Agent or (b) delivered to the Administrative Agent an Interim Borrowing Base Certificate.


More Definitions of Interim Borrowing Base

Interim Borrowing Base. As of any Interim Borrowing Base Determination Date, an amount equal to the aggregate Collateral Value (as calculated using clause (b) of the definition of Market Value Percentage) of the Portfolio.
Sample 1
Interim Borrowing Base means, at any time, an amount equal to:
Sample 1
Interim Borrowing Base means, as of any date of determination, the sum of the U.S. Dollar Equivalent of (a) eighty-five percent (85%) of the aggregate face amount of all Canadian Eligible Receivables at such date, and (b) fifty percent (50%) of the book value of all Canadian Eligible Inventory at such date.
Sample 1

Related to Interim Borrowing Base

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

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

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

  • 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:

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

  • 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.

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

  • 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).

  • Borrowing Base Amount means:

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

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

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

  • Total Borrowings means, in respect of the Company on a consolidated basis, as of a given date the aggregate of the following, without duplication:

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

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

  • Working Capital Borrowings means borrowings incurred pursuant to a credit facility, commercial paper facility or similar financing arrangement that are used solely for working capital purposes or to pay distributions to the Partners; provided that when such borrowings are incurred it is the intent of the borrower to repay such borrowings within 12 months from the date of such borrowings other than from additional Working Capital Borrowings.

  • Borrowing Base Assets means any Loan Party’s Inventory and Receivables and other assets directly related thereto, including documents, instruments, general intangibles, deposit accounts and the proceeds of all of the same.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

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

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.