Unadjusted Borrowing Base definition

Unadjusted Borrowing Base has the meaning assigned to such term in Section 5.13.
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Unadjusted Borrowing Base means, as of any day, the Borrowing Base less the Borrowing Base Overadvance.
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Unadjusted Borrowing Base. Means, at any time, an amount equal to (a) the product of (i) 75% and (ii) the Aggregate Discounted Eligible Commitment Contract Amount plus (b) the product of (i) 50% and (ii) the Aggregate Discounted Eligible Non-Commitment Contract Amount. The Unadjusted Borrowing Base shall be computed monthly and evidenced on a certificate delivered in accordance with Section 6.01(a)(v). The Unadjusted Borrowing Base at any time in effect shall be determined by reference to the Borrowing Base Certificate most recently delivered hereunder
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Examples of Unadjusted Borrowing Base in a sentence

  • A Borrowing Base Certificate dated the Amendment No. 3 Effective Date, showing a calculation of the Borrowing Base as of the Amendment No. 3 Effective Date immediately after giving effect to this Amendment and specifying the portion of the Borrowing Base that is the Unadjusted Borrowing Base and the portion that is the Borrowing Base Flex, in form and substance reasonably satisfactory to the Administrative Agent.

  • In consideration of the Borrowing Base Overadvance, the Borrower agrees to pay to the Administrative Agent, for the ratable benefit of the Lenders, an overadvance utilization fee (the "Overadvance Utilization Fee") equal to one and one-fourth percent (1.25%) per annum on the amount by which the aggregate principal amount of outstanding Obligations exceeds the Unadjusted Borrowing Base on any day during the applicable period.