Borrowing Base Assets definition

Borrowing Base Assets means a collective reference to all Borrowing Base Assets in existence at any given time.

Borrowing Base Assets means any Loan Party’s Inventory and Receivables and other assets directly related thereto, including documents, instruments, general intangibles, deposit accounts and the proceeds of all of the same.

Borrowing Base Assets means the Category 1 Borrowing Base Assets, Category 2 Borrowing Base Assets, Category 3 Borrowing Base Assets and Category 4 Borrowing Base Assets.

Examples of Borrowing Base Assets in a sentence

• The Borrower may, within ten (10) days following any such request by the Administrative Agent, specify which other of the Borrowing Base Assets it requests to have similarly appraised.

• The Loan Parties shall cooperate with the Lenders and the appraisers in making appraisals of the Borrowing Base Assets which the Administrative Agent, at the direction of the Required Lenders, may from time to time request.

• As soon as available and in any event within (i) 45 days after the end of each of the first three quarters of each Fiscal Year and (ii) 90 days after the end of the fourth quarter of each Fiscal Year, financial information in respect of all Borrowing Base Assets, in form and detail satisfactory to the Administrative Agent.

• Maintain at all times at least 10 Borrowing Base Assets in the aggregate.

• Not permit any individual Borrowing Base Asset to account for greater than 25% of the aggregate Adjusted Net Operating Income for all Borrowing Base Assets.

More Definitions of Borrowing Base Assets

Borrowing Base Assets means, at any time, any assets that are given value in the most recently determined Borrowing Base.

Borrowing Base Assets means all assets of the Borrowers of the type included in the Borrowing Base, regardless of eligibility thereof.

Borrowing Base Assets means Unrestricted Cash and Cash Equivalents, Escrow Proceeds Receivable, Units Under Contract, Units Under Construction, Speculative Units, Model Units, Finished Lots, Lots Under Development and Entitled Land.

Borrowing Base Assets means (a) those Hotel Assets, Recently Developed Assets and Recently Redeveloped Assets for which the applicable conditions in Section 3.01 and, if applicable, Section 5.01(k) have been satisfied (in each case, as may be determined by the Administrative Agent in its reasonable discretion) and as the Administrative Agent and the Required Lenders, in their reasonable discretion, shall have elected to treat as Borrowing Base Assets for purposes of this Agreement, and (b) the Hotel Assets, Recently Developed Assets and Recently Redeveloped Assets listed on Schedule II hereto on the Closing Date.

Borrowing Base Assets means only such Mineral Properties (i) to which Company has good and indefeasible title and (ii) which are not subject to any liens, encumbrances or charges, except for Permitted Liens for or against which Indebtedness is not due and payable.

Borrowing Base Assets means Eligible Accounts Receivable, Eligible Refinery Hydrocarbon Inventory, Eligible Lubricants Inventory, Eligible In-Transit Crude Oil, and the Eligible Exchange Agreement Positive Balance.

Borrowing Base Assets means Eligible Unencumbered Properties that have been approved by the Agent and the Requisite Lenders for inclusion in the Borrowing Base Assets Pool.