Total Borrowing Base definition

Total Borrowing Base means, as of any date of determination, the sum of the Canadian Borrowing Base and the U.S. Borrowing Base, in each case, at such date.

Total Borrowing Base means the sum of the U.S. Borrowing Base and the Canadian Borrowing Base.

Total Borrowing Base means, as of any date of determination, an amount equal to the product of (i) the Eligible Pool Balance and (ii) the Total Advance Rate.

Examples of Total Borrowing Base in a sentence

• Borrower shall have delivered to the Administrative Agent Borrowing Base Certificate setting forth the Total Borrowing Base (including a calculation of each separate Borrowing Base within the Total Borrowing Base and each component Borrowing Base thereof, as set forth in the definition of “Borrowing Base Certificate”) as of August 31, 2024.

• For the avoidance of doubt, subject to and without limitation of Section 4.01(m) and this Section 5.12(a), the initial Borrowing Base Certificate delivered following the Closing Date pursuant to this Section 5.12(a) is expected to be reflect a calculation of the Total Borrowing Base (including a calculation of each separate Borrowing Base within the Total Borrowing Base and each component Borrowing Base thereof, as set forth in the definition of “Borrowing Base Certificate”) as of December 31, 2024.

• Ex. Reserve or Management Fees) Minus Annual Capital Expenditure Reserve Minus Greater of 3% of rents or actual management fees equals Property NOI ​ $________ - $___________ ​ ​ ​ ​ = $________ ​ $________ - $___________ ​ ​ ​ ​ = $________ ​ $________ - $___________ ​ ​ ​ ​ = $________ ​ $_______ - $___________ ​ ​ ​ ​ = $________ ​ Total Borrowing Base NOI for all Eligible Properties:$_____________ ​ CTO Realty Growth, Inc.

More Definitions of Total Borrowing Base

Total Borrowing Base means, at any time, the sum of (i) the U.S. Borrowing Base at such time, plus (ii) the Canadian Borrowing Base at such time, plus (iii) the European Borrowing Base at such time, minus (without duplication) (iv) Reserves against the Total Borrowing Base or any component thereof.

Total Borrowing Base means, as at any Calculation Date, the Advance Rate multiplied by the Total Asset Value as at such Calculation Date;

Total Borrowing Base means, collectively, the Domestic Borrowing Base and the Multicurrency Borrowing Base.

Total Borrowing Base means, the sum of the Tranche A Borrowing Base, the Tranche A-1 Borrowing Base and the Tranche A-2 Borrowing Base.

Total Borrowing Base means, at any time, the lesser of (i) the sum of (A) the U.S. Borrowing Base at such time, plus (B) each Individual Aleris U.S. Borrower’s U.S. Borrowing Base (Aleris) at such time, plus (C) the Canadian Borrowing Base at such time, plus (D) the European Borrowing Base at such time, minus (without duplication) (E) Reserves against the Total Borrowing Base or any component thereof, and (ii) the Term Loan Revolver Cap; provided, that if the Aleris Acquisition Closing Date occurs and the Administrative Agent has not received the results of field examinations and appraisals of assets of each Aleris Borrower in form and substance satisfactory to the Administrative Agent (collectively, “Acceptable Collateral Diligence”) (which field examination and inventory appraisal shall be at the sole expense of the Loan Parties and shall not count against any limitations on reimbursement set forth herein or in any other Loan Document), then, with respect to each Aleris Borrower, from and after the Aleris Acquisition Closing Date until the earlier to occur of (i) the date that the Administrative Agent has received Acceptable Collateral Diligence for such Aleris Borrower and (ii) the date that is 90 days after the Aleris Acquisition Closing Date (such period for such Aleris Borrower, its “Aleris Deemed Borrowing Base Period”), each Aleris Borrower that satisfies the Aleris Deemed Borrowing Base Collateral Conditions applicable to such Aleris Borrower shall be permitted to include its assets to the applicable Borrowing Base for such Aleris Borrower and the Total Borrowing Base, subject to the applicable eligibility criteria, reserves, and the Term Loan Revolver Cap; provided that, during the Aleris Deemed Borrowing Base Period, the portion of the Total Borrowing Base attributable to the assets of such Aleris Borrowers shall be equal to the lesser of:

Total Borrowing Base means, as of any date of determination, the sum of the Dutch Borrowing Base and the U.S. Borrowing Base, in each case, at such date.

Total Borrowing Base as of any date of determination, the sum of the Foreign Borrowing Base and the U.S. Borrowing Base.