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:
Sample 1Sample 2Sample 3
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
Sample 1
Kildair Borrowing Base on any date, solely with respect to the assets of the Kildair Loan
Sample 1

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(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.

  • Acquisition Facility Loans and Acquisition Facility Letters of Credit which are used for general working capital purposes, including to finance assets included in the U.S. Borrowing Base or the Kildair Borrowing Base.

  • 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.


More Definitions of Kildair Borrowing Base

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
Sample 1
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-
Sample 1

Related to Kildair Borrowing Base

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

  • 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:

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

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

  • Tranche A 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.

  • 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).

  • 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.

  • 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 Base Amount means:

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

  • Borrowing Base Assets means a collective reference to all Borrowing Base Assets in existence at any given time.

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • Borrowing Base Test means as of any date, a determination that (a) the lesser of (i) the Borrowing Base and (ii) the Facility Amount shall be equal to or greater than (b) the Advances Outstanding.

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

  • Borrowing Base Properties means the Oil and Gas Properties of the Credit Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 9.14.

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

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

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

  • Borrowing Base Deficit means, at any time of determination, the amount, if any, by which (a) the Aggregate Capital at such time, exceeds (b) the Borrowing Base at such time.

  • 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.

  • Revolving Availability means Class A Revolving Availability or Class B Revolving Availability, as applicable.

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

  • Borrowing Base Property means any one of the Borrowing Base Properties.