Aggregate Borrowing Base Value definition

Aggregate Borrowing Base Value means the sum of the Borrowing Base Values of each Eligible Property.
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Aggregate Borrowing Base Value means, on any day, the Borrowing Base Values of all Eligible Loan Assets included as part of the Collateral on such date.
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Aggregate Borrowing Base Value. As of any date of determination, the Aggregate Borrowing Base Value is the sum of the Appraised Values of the Mortgaged Property included in the Borrowing Base as most recently determined as provided under Section 5.2 or Section 10.16 hereof; provided that if Agent receives satisfactory evidence that any Mortgaged Property has demonstrated improvement in occupancy or rental revenue from the date of the last determination of Appraised Value of such Mortgaged Property, then an amount equal to the Operating Cash Flow of such Mortgaged Property for the period covered by the four previous consecutive fiscal quarters (treated as a single accounting period) divided by 9.00% capitalization rate shall be utilized instead of the Appraised Value for such Mortgaged Property. Swing Line. The revolving credit facility made available by the Swing Line Lender pursuant to Section 2.10. Swing Line Borrowing. A borrowing of a Swing Line Loan pursuant to Section 2.10. Swing Line Lender. Fleet National Bank, in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder. Swing Line Loan. See Section 2.10(a).
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Examples of Aggregate Borrowing Base Value in a sentence

  • 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.

  • Following each addition or deletion of an Eligible Property (an “Adjustment Event”), the Aggregate Borrowing Base Value shall be adjusted accordingly.

  • If at any time the aggregate principal amount of all outstanding Advances, exceeds the Aggregate Borrowing Base Value, Borrower shall within thirty (30) days of Borrower obtaining knowledge of the occurrence of any such excess, pay to Lender the amount of such excess.

  • Xxxxxxx Title: Vice President [EXHIBIT C] APPENDIX A TO COMPLIANCE CERTIFICATE A Outstanding Loans, including Swing Line Loans, and Letters of Credit of Borrower cannot exceed the Borrowing Base (Section 9.1) 1 Outstanding principal balance of the Loans (including Swing Line Loans): 2 Outstanding and undrawn amount of Letters of Credit: 3 Aggregate Borrowing Base Value: 5 Debt Service Coverage Amount of Mortgaged Properties: 6 Lesser of Line 4 or Line 5 must be > than or = to line 1.

  • In any period of four consecutive fiscal quarters the Aggregate Borrowing Base Value of all Borrowing Base Properties sold, transferred, encumbered or disposed of by the Borrowers and the other Obligors during such period shall not exceed the sum of (i) fifteen percent (15%) of the Aggregate Borrowing Base Value of the Borrowing Base Properties as of the first day of such period plus (ii) the Aggregate Borrowing Base Value attributable to Borrowing Base Properties acquired during such period.

  • The Borrowers shall not permit the Aggregate Borrowing Base Value for any fiscal quarter to be less than 175% of unsecured Combined Total Indebtedness.

  • For each Borrowing Base Property, the value determined for such property in connection with the calculation of Aggregate Borrowing Base Value.


More Definitions of Aggregate Borrowing Base Value

Aggregate Borrowing Base Value means, as determined by the Administrative Agent as of the most recent Compliance Certificate or Borrowing Base Property report, as applicable, delivered to the Administrative Agent, the aggregate of the Borrowing Base Values for all Borrowing Base Properties.”
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Related to Aggregate Borrowing Base Value

  • 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.

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

  • Borrowing Base Deficiency means, at any date on which the same is determined, the amount, if any, that (a) the aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.