Kildair Borrowing Base definition

Kildair Borrowing Base on any date, solely with respect to the assets of the Kildair Loan Parties, an amount equal to:

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Kildair Borrowing Base on any date, solely with respect to the assets of the Kildair Loan Parties, an amount equal to: (i) 100% of Eligible Cash and Cash Equivalents; plus (ii) 90% of Eligible Tier 1 Accounts Receivable; plus (iii) 85% of Eligible Unbilled Tier 1 Accounts Receivable; plus (iv) 85% of Eligible Tier 2 Accounts Receivable; plus (v) 80% of Eligible Unbilled Tier 2 Accounts Receivable; plus

Kildair Borrowing Base or otherwise amend or modify the definitions of “U.S. Borrowing Base”, “Kildair Borrowing Base” or “Aggregate Borrowing Base Amount” or any direct or indirect component definition of the foregoing that has the effect of increasing the Borrowing Base Availability, in each case without the written consent of the Supermajority Lenders; or amend or modify the definition of “Eligible Commodities” or any(iii) component definition thereof that has the effect of adding commodities thereto without the written consent of the Supermajority Lenders; or consent to any changes to the Risk Management Policy which are(iv) materially adverse to the Lenders without the written consent of the Supermajority Lenders; or amend, modify or waive any provision of this Section 11.1 or change the(v) percentage specified in the definition of Required Lenders, Majority Facility Lenders or Supermajority Lenders, or consent to the assignment or transfer by any Loan Party of any of their rights and obligations under this Agreement and the other Loan Documents, in each case without the written consent of all of the Lenders; or (A) change the percentage specified in the definition of Required(vi) Committed Lenders without the written consent of all of the Committed Lenders or (B) change the percentage specified in the definition of Required Dollar Working Capital Facility Uncommitted Tranche Lenders without the written consent of all of the Dollar Working Capital Facility Uncommitted Tranche Lenders; or USActive 56005294.956005294.16-245-

Examples of Kildair Borrowing Base in a sentence

• Without limiting the generality of the foregoing, no Agent shall have any duty to monitor the Collateral used to calculate the U.S. Borrowing Base or the Kildair Borrowing Base or the reporting requirements or the contents of reports delivered by any Borrower.

• The Administrative Agent shall have received a Borrowing Base Report showing the Aggregate Borrowing Base Amount, the U.S. Borrowing Base and the Kildair Borrowing Base, a Marked-to-Market Report and a Position Report, in each case as of April 30, 2020, with appropriate insertions and supporting schedules and dated the Restatement Effective Date, reasonably satisfactory in form and substance to the Administrative Agent, and executed by a Responsible Person of the U.S. Borrower.

• Without limiting the generality of the foregoing, the Administrative Agent shall not have any duty to monitor the Collateral used to calculate the U.S. Borrowing Base or the Kildair Borrowing Base or the reporting requirements or the contents of reports delivered by any Borrower.

• The value of the Kildair Borrowing Base at any time shall be the value of the Borrowing Base as of the applicable Kildair Borrowing Base Date.

• The(c) Administrative Agent shall have received a Borrowing Base Report showing the Aggregate Borrowing Base Amount, the U.S. Borrowing Base and the Kildair Borrowing Base, a Marked-to-Market Report and a Position Report, in each case as of April 30, 2020, with appropriate insertions and supporting schedules and dated the Restatement Effective Date, reasonably satisfactory in form and substance to the Administrative Agent, and executed by a Responsible Person of the U.S. Borrower.

More Definitions of Kildair Borrowing Base

Kildair Borrowing Base on any date, solely with respect to the assets of the Kildair Loan

Kildair Borrowing Base on any date, solely with respect to the assets of the Kildair Loan Parties, an amount equal to: 100% of Eligible Cash and Cash Equivalents; plus(i) 90% of Eligible Tier 1 Accounts Receivable; plus(ii) 85% of Eligible Unbilled Tier 1 Accounts Receivable; plus(iii) 85% of Eligible Tier 2 Accounts Receivable; plus(iv) 80% of Eligible Unbilled Tier 2 Accounts Receivable; plus(v) 90% of Eligible Hedged Petroleum Inventory; plus(vi) 85% of Eligible Petroleum Inventory; plus