Common use of Borrowing Base Availability Clause in Contracts

Borrowing Base Availability. The Borrowing Base Availability shall be the amount which is the least of (a) the Borrowing Base Value, (b) the maximum principal amount which would not cause the Borrowing Base Debt Service Coverage Ratio to be less than 1.75 to 1, and

Appears in 1 contract

Sources: Credit Agreement (CoreSite Realty Corp)

Borrowing Base Availability. The Borrowing Base Availability shall be the amount which is the least lowest of (a) the Borrowing Base Value, (b) the maximum principal amount which would not cause the Borrowing Base Debt Service Coverage Ratio to be less than 1.75 to 11.00, andand (c) the maximum principal amount which would not cause the Borrowers Debt Yield to be less than 15.0%.

Appears in 1 contract

Sources: Credit Agreement (QTS Realty Trust, Inc.)

Borrowing Base Availability. The Borrowing Base Availability shall be the amount which is the least of (a) the Borrowing Base Value, (b) the maximum principal amount which would not cause the Borrowing Base Debt Service Coverage Ratio to be less than 1.75 to 1, andand (c) the maximum principal amount which would not cause the Debt Yield to be less than fourteen percent (14%).

Appears in 1 contract

Sources: Credit Agreement (CoreSite Realty Corp)