Borrowing Base Adjustments definition

Borrowing Base Adjustments means (a) reserves established in respect of the Borrowing Base, as determined by the Administrative Agent in its reasonable credit judgment at any time and from time to time and/or (b) reserves established as a result of the revision of the standards of eligibility in respect of Eligible Receivables and Eligible Inventory by the Administrative Agent in its reasonable credit judgment at any time and from time to time, in each case upon written notice to the Borrower.
Sample 1Sample 2Sample 3
Borrowing Base Adjustments means adjustments to the calculation of the Borrowing Base such that: (a) the amount included in the calculation of the Borrowing Base with respect to the Sacramento Hotel Project shall be an amount equal to
Sample 1Sample 2
Borrowing Base Adjustments means, (i) the reduction of the advance rates and/or the establishment of reserves in respect of the Borrowing Base, as determined by the Administrative Agent in its reasonable business discretion after consultation with the Borrower, and/or (ii) the revision of the standards of eligibility in respect of Eligible Receivables by the Administrative Agent in its reasonable credit judgment after consultation with the Borrower; provided that, no Borrowing Base Adjustments shall be made except (a) when a Default or Event of Default shall have occurred and is continuing, (b) a Material Adverse Change has occurred, (c) by mutual agreement between the Agent and the Borrower or (d) upon recommendation from the auditors performing a field exam on the books, records and assets of the Borrower on behalf of the Administrative Agent.
Sample 1

Examples of Borrowing Base Adjustments in a sentence

  • The report also states that SIB contracts give service providers more freedom in terms of both the type of intervention and the time allowed to prove effectiveness, for example “allowing service providers to pursue preventive interventions with predetermined measures of success over longer periods of time”.

  • The Administrative Agent will provide written notice to the Company of any adjustments made pursuant to this Section Borrowing Base Adjustments on the date of such adjustments.


More Definitions of Borrowing Base Adjustments

Borrowing Base Adjustments means adjustments to the calculation of the Borrowing Base such that: (a) the amount included in the calculation of the Borrowing Base with respect to the Sacramento Hotel Project shall be an amount equal to $45,225,000, and (b) for purposes of calculating the Borrowing Base as of any date, the
Sample 1
Borrowing Base Adjustments means adjustments to the calculation of the Borrowing Base such that: (a) the amount included in the calculation of the Borrowing Base with respect to the Sacramento Hotel Project shall be an amount equal to $45,225,000, and (b) for purposes of calculating the Borrowing Base as of any date, the Net Operating Income attributable to the 4750 Wilshire Project for the applicable calculation period shall be the greater of (i) Zero Dollars ($0), and (ii) the actual Net Operating Income attributable to the 4750 Wilshire Project for such calculation period.
Sample 1

Related to Borrowing Base Adjustments

  • Borrowing Base means, at any time, the amount equal to:

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

  • Borrowing Base Test means as of any date, a determination that (a) the lesser of (i) the Borrowing Base and (ii) the Facility Amount shall be equal to or greater than (b) the Advances Outstanding.

  • Borrowing Base Report means a report in substantially the form of Exhibit E (or such other form approved by Administrative Agent) certified by a Responsible Officer of Borrower.

  • Borrowing Base Deficit means, at any time of determination, the amount, if any, by which (a) the Aggregate Capital at such time, exceeds (b) the Borrowing Base at such time.

  • 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.

  • Adjusted Borrowing Value means, on any date of determination, for any Eligible Loan Asset, an amount equal to the lower of (a) the Outstanding Balance of such Eligible Loan Asset at such time and (b) the Assigned Value of such Eligible Loan Asset at such time, multiplied by the Outstanding Balance of such Eligible Loan Asset at such time. Notwithstanding the foregoing, the Adjusted Borrowing Value of any Loan Asset that is no longer an Eligible Loan Asset at such time shall be zero.