Aggregate Borrowing Base definition

Aggregate Borrowing Base means as of any date of determination, an amount equal to (i) the sum of the SMP Borrowing Base and the SI Borrowing Base; less (ii) any Reserves except to the extent already deducted therefrom.

Aggregate Borrowing Base means the aggregate of the Borrowing Bases of all the Borrowers.

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.

Examples of Aggregate Borrowing Base in a sentence

• Each Borrower hereby agrees that such Borrower shall furnish promptly after each fiscal month to the Borrower Representative a copy of its Borrowing Base Certificate and any other certificate or report required hereunder or requested by the Borrower Representative on which the Borrower Representative shall rely to prepare the Aggregate Borrowing Base Certificate and the Borrowing Base Certificate of each Borrower and Compliance Certificates required pursuant to the provisions of this Agreement.

• Aggregate Borrowing Base, Tranche A Borrowing Base and Tranche B Borrowing Base calculations shall be consistent with historical methods of valuation and calculation, and otherwise satisfactory to Agent (and not necessarily calculated in accordance with GAAP).

• Following each addition or deletion of an Eligible Property in accordance with Section 7.3 hereof, the Aggregate Borrowing Base Value shall be adjusted accordingly.

• If the aggregate Revolver Loans exceed the Aggregate Borrowing Base at any time, the excess amount (“Overadvance”) shall be payable by Borrower on demand by Agent, but all such Revolver Loans shall nevertheless constitute Obligations secured by the Collateral and entitled to all benefits of the Loan Documents.

• The Administrative Agent shall have received an Aggregate Borrowing Base Certificate and a Borrowing Base Certificate for each Borrower, in each case, prepared as of the last day of the most recent month ended at least twenty (20) calendar days prior to the Effective Date.

More Definitions of Aggregate Borrowing Base

Aggregate Borrowing Base means, as of any date of determination, an amount equal to (a) the U.S. Borrowing Base as of such date plus (b) the lesser of (i) the Canadian Sublimit and (ii) the Canadian Borrowing Base as of such date.

Aggregate Borrowing Base means, at any time, the aggregate of the Domestic Borrowing Base, the Canadian Borrowing Base and the UK Borrowing Base.

Aggregate Borrowing Base means the aggregate amount of the US Borrowing Base and the European Borrowing Base; provided that the maximum amount of the European Borrowing Base which may be included as part of the Aggregate Borrowing Base is the European Sublimit.

Aggregate Borrowing Base means, as of any date of determination, an amount equal to the sum of the Great Northern Borrowing Base, the H&E Borrowing Base and the H&E California Borrowing Base.

Aggregate Borrowing Base means on any date of determination, the sum of the Tranche A Borrowing Base, plus the Tranche B Borrowing Base.

Aggregate Borrowing Base means as of any date of determination thereof, an amount equal to the lesser of:

Aggregate Borrowing Base means, at any time of calculation, an amount equal to the sum of the Borrowing Base and the Term Borrowing Base.