Examples of Borrowing Base B Loans in a sentence
Following the July 29, 2020 amendment, Borrowing Base B Loans are subject to a sublimit of $200 million and bear interest at the adjusted LIBOR or base rate plus 2.50% per annum.
The Borrower may at any time prior to 4:00 P.M., New York City Time, on any Business Day, prepay the Loans, in whole or in part, without premium or penalty, upon irrevocable notice delivered to the Administrative Agent no later than 1:00 P.M., New York City time, on the date of such prepayment, which notice shall specify the date and amount of prepayment and whether the prepayment is of Borrowing Base A Loans or Borrowing Base B Loans.
After giving effect to the requested extension of Credit, there shall be no Deficiency with respect to any Loan and the outstanding Borrowing Base B Loans shall not exceed the Borrowing Base B Limit.
One important source of foodborne diseases is the consumption of raw fruits, nuts, and vegetables, which cause 1.2 million (33%) cases of bacterial and5.3 million (96%) viral infections.Using organic spinach as a model, bacterial colonization was studied.
Depending on each borrowing base, availability under the Revolving Credit Agreement was limited to either (i) a percentage of the market value of temporary positions pledged as collateral in the case of Borrowing Base A Loans, or (ii) a percentage of the margin deposit required by the NSCC in the case of Borrowing Base B Loans.
The proceeds of the Borrowing Base B Loans are only available to KECS and can only be used to fund National Securities Clearing Corporation (“NSCC”) margin deposits.
The proceeds of the Borrowing Base B Loans could only be used to fund National Securities Clearing Corporation (“NSCC”) margin deposits.
The plan will also identify the location of a bike/pedestrian path between the industrial park and the center City, increasing transportation options for employees to the industrial park, as well as increasing recreational use of a natural area.The plan will also identify improvements to the intersection of Highway 101 and Parkview Drive to reduce congestion and improve safety for automobiles, bicyclists, and pedestrians.
Borrowing Base B Loans are subject to a sublimit of $200 million and bear interest at the adjusted SOFR or base rate plus 2.5% per annum.