UK Borrowing Base Party definition

UK Borrowing Base Party means each Wholly-Owned Subsidiary of US Company that is (a) incorporated under the laws of England and Wales and (b) either a UK Borrower or a Non-US Obligation Guarantor.
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UK Borrowing Base Party means each Wholly-Owned Subsidiary of US Company that is incorporated under the laws of England and Wales and that is a UK Borrower or a Non-US Obligation Guarantor and is incorporated in England and Wales.
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UK Borrowing Base Party means MSG Investments and each of the Subsidiary Guarantors that are Foreign Subsidiaries.
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Examples of UK Borrowing Base Party in a sentence

  • This is usually by the KI Discus method where an aerosol of potassium iodide is generated within the operating cabinet and sampling devices are placed in front of the cabinet to capture any aerosol escaping from the working area.

  • Eligible UK Billed Accounts: Eligible Billed Accounts owing to a UK Borrowing Base Party.

  • Subject to the terms of this Agreement, each UK Borrower may borrow UK Revolver Loans to the extent of the UK Borrowing Base constituted by such UK Borrower’s UK Accounts Formula Amount and UK Inventory Formula Amount plus the UK Borrowing Base constituted by the UK Accounts Formula Amount and UK Inventory Formula Amount of any other UK Borrowing Base Party.

  • UK Borrowing Base Party: (a) each UK Borrower and (b) each other Subsidiary Guarantor approved by the Agent, in its Permitted Discretion, whose Borrowing Base Assets are permitted by Agent to be included in the UK Borrowing Base.

  • Eligible UK Unbilled Accounts: Eligible Unbilled Accounts owing to a UK Borrowing Base Party.

  • UK Dilution Reserve: a reserve established by Agent in its Permitted Discretion in an amount equal to 1.0% of Eligible UK Accounts of a UK Borrowing Base Party for each whole percentage point (or fraction thereof) that the Dilution Percent of such UK Borrowing Base Party exceeds 5.0%.

Related to UK Borrowing Base Party

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

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

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

  • Canadian Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication:

  • 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.

  • UK Borrower means any Borrower (i) that is organized or formed under the laws of the United Kingdom or (ii) payments from which under this Agreement or any Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.

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

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

  • Borrowing Base Test means a test that will be satisfied on any date of determination if the following is true: Where: AR =57%.

  • 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.

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

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

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

  • UK Borrowers shall have the meaning assigned to such term in the preamble hereto.

  • 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.

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

  • Domestic Credit Party means any Credit Party which is incorporated or organized under the laws of any State of the United States or the District of Columbia.

  • Borrowing Base Amount means:

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

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

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

  • Borrowing Base Report means a Borrowing Base Report for the Borrower signed by an Authorized Signatory of the Borrower and in substantially the form of Exhibit D attached hereto.

  • Revolving Administrative Agent means the “Administrative Agent” as defined in the Revolving Credit Facility.

  • 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.

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

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