Borrowing Base Adjustment definition

Borrowing Base Adjustment means the amount of adjustment to a Project Borrowing Base resulting from the occurrence of a Borrowing Base Adjustment Event, as specified in the definition of Borrowing Base Adjustment Event.

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Borrowing Base Adjustment has the meaning assigned to such term in the definition of "Borrowing Base".

Borrowing Base Adjustment means the amounts shown in the following table during the periods indicated: PERIOD AMOUNT ------ ------ At March 15, 1995, and until August 15, 1995 $2,000,000 At August 15, 1995, and until September 15, 1995 $1,000,000 At September 15, 1995, and until October 15, 1995 $ 500,000 At October 15, 1995, and at all times thereafter Zero

Examples of Borrowing Base Adjustment in a sentence

• Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment Provisions.

• Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base pursuant to the Borrowing Base Adjustment Provisions, whichever occurs first.

• Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under the Borrowing Base Adjustment Provisions, whichever occurs first.

• For avoidance of doubt, this provision does not limit the right of the parties to initiate Interim Redeterminations of the Borrowing Base in accordance with Section 2.07(c) of the Credit Agreement or any other Borrowing Base Adjustment Provisions and the Current Scheduled Redetermination shall not constitute an Interim Redetermination.

• Notwithstanding the foregoing, the Borrowing Base may be subject to adjustments from time to time pursuant to the Borrowing Base Adjustment Provisions.

• Notwithstanding the foregoing, the Borrowing Base may be subject to adjustment from time to time prior to the first Redetermination Date pursuant to the Borrowing Base Adjustment Provisions.

• After giving effect to the Current Scheduled Redetermination, the Borrowing Base shall remain in effect until otherwise redetermined or adjusted pursuant to the Borrowing Base Adjustment Provisions in accordance with the Credit Agreement.

• Notwithstanding the foregoing, the Borrowing Base may be subject to adjustments pursuant to the Credit Agreement from time to time, including pursuant to the Borrowing Base Adjustment Provisions.

• Upon the final redetermination of the Borrowing Base, Administrative Agent, the Lenders approving same and Borrower shall execute a Borrowing Base Adjustment Letter.

• Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments between the Effective Date and the first Scheduled Redetermination and in between subsequent Scheduled Redeterminations from time to time pursuant to Interim Redeterminations and the Borrowing Base Adjustment Provisions.

More Definitions of Borrowing Base Adjustment

Borrowing Base Adjustment through July 30, 1996 $400,000 August 16-30, 1996 $100,000 July 31-August 15, 1996 $200,000 August 31, 1996 and thereafter $0 Schedule 4.4

Borrowing Base Adjustment through July 30, 1996 $400,000 August 16-30, 1996 $100,000 July 31-August 15, 1996 $200,000 August 31, 1996 and thereafter $0 Exhibit C 2 of 2 Interim Borrowing Base Certificate Northwest Teleproductions, Inc. as of _______________, 19___ To: Norwest Bank Minnesota, National Association As an inducement to you to continue presently existing loans an debtor accommodations and make additional loans in such amount and for such length of time as you may elect in reliance upon the security given to you, we hereby certify that the following computation of the Borrowing Base is true and correct pursuant to the terms of the Credit Agreement dated as of July 24, 1996 by and between Northwest Teleproductions, Inc. and Norwest Bank Minnesota, N.A.

Borrowing Base Adjustment means (i) zero at any time that any amount is deposited with the Agent under either of the Escrow Agreements, and (ii) $125,000 at all other times.

Borrowing Base Adjustment has the meaning specified in Section 6.13(b). “Term Administrative Agent” means MSSF, in its capacity as administrative agent and collateral agent under the Term Credit Agreement. “Term Collateral Account” has the meaning specified in Annex A. “Term Credit Agreement” means the Senior Secured Term Loan Credit Agreement, dated as of October 30, 2015, by and among Parent Borrower, certain subsidiaries of Parent Borrower, MSSF, as administrative agent and collateral agent, and the other parties thereto, including all exhibits, annexes and schedules thereto, as such agreement may be amended, restated, amended and restated, supplemented or otherwise modified from time to time, including by the Incremental and Refinancing Amendment (Amendment No. 1 to Credit Agreement), dated as of August 25, 2016, the Refinancing Amendment (Amendment No. 2 to Credit Agreement), dated as of March 10, 2017, the Refinancing Amendment (Amendment No. 3 to Credit Agreement), dated as of February 23, 2018, the Amendment No. 4 to Credit Agreement, dated as of March 7, 2019, and the Incremental Amendment (Amendment No. 5 to Credit Agreement), dated as of March 18, 2019, Refinancing Amendment (Amendment No. 6 to Credit Agreement), dated as of March 3, 2021 and Amendment No. 7, dated as of June 10, 2022. “Term Priority Collateral” has the meaning specified in the ABL Intercreditor Agreement. “Term Rate Margin” means the per annum interest rate margin from time to time in effect and payable in addition to the (a) Term SOFR, with respect to Term SOFR Loans and Letters of Credit denominated in Dollars, (b) BA RateTerm ▇▇▇▇▇, with respect to BATerm ▇▇▇▇▇ Loans and Letters of Credit denominated in Canadian Dollars, and (c) Term SOFR, with respect to Letters of Credit denominated in an Alternative Currency, in each case applicable to the