Available Borrowing Base definition

Available Borrowing Base means, at the particular time in question, the Borrowing Base amount then in effect minus the Effective Amount at such time.
Available Borrowing Base means, at any time of determination, the remainder of (a) the Facility Limit minus (b) the Total Outstandings.
Available Borrowing Base means, as of any time it is to be determined, the difference between (a) the Borrowing Base and (b) all Hedging Liability then outstanding and the Letter of Credit Usage.

Examples of Available Borrowing Base in a sentence

  • Eighty seven per cent of businesses within Queensland are SMEs and hence this study focused on SMEs.The review of literature indicates that there is a general agreement among environmental scientists that urban metabolic flows impact the sustainability of human settlements.

  • For purposes of calculating the Available Borrowing Base as of such Available Borrowing Base Determination Date, such designated Projects shall not be Eligible Projects hereunder.

  • Unless the Administrative Agent has received a written notice from a Lender no later than 12:00 p.m., New York time, at least five (5) Business Days before the requested Borrowing Date contesting the Borrower’s calculations in the Borrowing Base Certificate submitted by the Borrower, the Administrative Agent shall confirm the Available Borrowing Base and provide notice thereof to the Borrower and each Lender.

  • For the avoidance of doubt, the designation pursuant to this paragraph shall be made as of each Available Borrowing Base Determination Date and shall remain in effect only until the next succeeding Available Borrowing Base Determination Date.

  • Administrative Agent has the right at any time, and from time to time, in its Permitted Discretion (but without any obligation), to set aside reasonable reserves against the Available Borrowing Base in such amounts as it may deem appropriate in its Permitted Discretion, including, without limitation, reserves with respect to Regulatory Events or any increased operational, legal or regulatory risk of the Borrower and its Subsidiaries.


More Definitions of Available Borrowing Base

Available Borrowing Base has the meaning given in Appendix 2.
Available Borrowing Base means the amount of the Borrowing Base then in effect minus the principal amount of Term Loans then outstanding.
Available Borrowing Base means the Total Borrowing Base minus the Existing Debt.
Available Borrowing Base means, at the particular time in question, the Borrowing Base (as defined in the First Lien Credit Agreement) in effect at such time minus the applicable Effective Amount (as defined in the First Lien Credit Agreement) at such time.
Available Borrowing Base at any time means the Borrowing Base at such time less the aggregate principal balance of Permitted Pari Term Loan Debt outstanding at such time.
Available Borrowing Base means, at the particular time in question, the lesser of (a) the Borrowing Base then in effect minus the aggregate amount of Additional Senior Indebtedness outstanding at such time, and (b) the Maximum Loan Amount.
Available Borrowing Base means, with respect to any Borrower at any time, the amount, if any, by which (a) the Maximum Available Borrowing Base of such Borrower at such time exceeds (b) the aggregate Revolving Credit Outstandings owing by such Borrower and its Borrowing Base Contributors at such time.