Borrowing Base Calculation Statement definition
Borrowing Base Calculation Statement means a statement in substantially the form attached to the form of Notice of Borrowing attached hereto as Exhibit B, as such form of Borrowing Base Calculation Statement may be modified as mutually agreed by the Administrative Agent and the Borrower from time to time.
Borrowing Base Calculation Statement means a statement in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Manager, as such form of Borrowing Base Calculation Statement may be modified by the Administrative Agent with the consent of the Collateral Manager from time to time to the extent such form does not, in the good faith opinion of the Administrative Agent, accurately reflect the calculation of the Borrowing Base Test required hereunder.
Borrowing Base Calculation Statement means a statement in substantially the form attached to the form of Notice of Borrowing attached
Examples of Borrowing Base Calculation Statement in a sentence
To its actual knowledge after due inquiry in accordance with the Collateral Management Standard, each Collateral Loan included in a Monthly Report or a Borrowing Base Calculation Statement required to be delivered by it under this Agreement as an Eligible Collateral Loan was, in fact, an Eligible Collateral Loan at such time.
To its actual knowledge, each Warranty Loan included in a Monthly Report or a Borrowing Base Calculation Statement required to be delivered by it under this Agreement as an Eligible Warranty Loan was, in fact, an Eligible Warranty Loan at such time.
To its actual knowledge after due inquiry in accordance with the Collateral Management Standard, each Collateral Loan included in a Monthly Report or a Borrowing Base Calculation Statement required to be delivered by the Borrower under this Agreement as an Eligible Collateral Loan was, in fact, an Eligible Collateral Loan at such time.
The Collateral Administrator shall have no obligation to prepare a Borrowing Base Calculation Statement, or determine the Borrowing Base.
More Definitions of Borrowing Base Calculation Statement
Borrowing Base Calculation Statement means a statement in substantially the form attached to the form of Notice of Borrowing attached hereto as Exhibit B-1 or B-2, as applicable, as such form of Borrowing Base Calculation Statement may be modified as mutually agreed by the Administrative Agent and the Borrower from time to time. “Borrowing Date” means the date of an Advance. “Broadly Syndicated Loan” means a Collateral Loan that (a) is a syndicated commercial loan and (b) has a tranche size of not less than the Dollar Equivalent of $250,000,000 (without consideration of reductions thereon from scheduled amortization payments). “Business Day” means any day of the year except: (a) a Saturday, Sunday or other day on which commercial banks in New York City, Houston, Texas or the city in which the offices of the Collateral Agent, the Custodian or the Securities Intermediary are located are authorized or required by law to close; and (b) with respect to any determinations relating to an Advance of Available Currencies, on which banks are not open for dealings (i) in Dollar or Pounds Sterling deposits in the London interbank market, (ii) in Euro deposits in the Euro-zone interbank market, (iii) in Canadian Dollar deposits in Toronto, Canada, (iv) in Australian Dollar deposits in Sydney, Australia, (v) in New Zealand Dollar deposits, in Auckland, New Zealand or (vi) in Swedish Krona deposits in the Stockholm interbank market. “CAD Advance” means an Advance denominated in Canadian Dollars. “Canadian Dollars” means the lawful currency of Canada. “Canadian Prime Rate” means the rate of interest per annum last quoted by BNP Paribas ALM Treasury Canada as its “Prime Rate” in Canada or, if BNP Paribas ALM Treasury Canada ceases to quote such rate, the highest per annum interest rate published by Bloomberg for
Borrowing Base Calculation Statement means a statement in substantially the form attached as Schedule I to the form of Notice of Borrowing attached hereto as Exhibit A, as such form of Borrowing Base Calculation Statement may be modified by the Administrative Agent from time to time to the extent such form does not, in the good faith opinion of the Administrative Agent, accurately reflect the calculation of the Borrowing Base required hereunder. “Borrowing Date” means the date of a Borrowing. “Business Day” means any day other than a Saturday or Sunday, provided that (i) days on which banks are authorized or required to close in New York, New York, Boston, Massachusetts, Chicago, Illinois, Minneapolis, Minnesota or Florence, South Carolina, and (ii) if the applicable Business Daysuch day relates to the advance or continuation of, or conversion into, or payment of an Advance bearing interest at the LIBOR Rate or the determination of the LIBOR Rate, days on which banks are dealing in Dollar deposits in the interbank eurodollar market in London, England are closed, shall not constitute Business Days; provided that, when used in connection with SOFR, the component of the Base Rate based upon SOFR or any other calculation or determination involving SOFR, the term “Business Day” means any such day that is also a U.S. Government Securitiesany interest rate setting as to Advances determined by reference to the Term SOFR Reference Rate, a SOFR Business Day. “Canadian Dollars” mean the lawful money of Canada.
Borrowing Base Calculation Statement means a statement in substantially the form attached as Schedule I to the form of Notice of Borrowing attached hereto as Exhibit A, as such form of Borrowing Base Calculation Statement may be modified by the Administrative Agent from time to time to the extent such form does not, in the good faith opinion of the Administrative Agent, accurately reflect the calculation of the Borrowing Base required hereunder. “Borrowing Base Inclusion Criteria” means, with respect to any Collateral Loan, the SBA Loan Borrowing Base Inclusion Criteria. “Borrowing Base Inclusion Criteria Exception Loan” means a Collateral Loan that does not satisfy one or more of the Borrowing Base Inclusion Criteria but is approved as an Eligible Loan by the Administrative Agent acting in its sole discretion. “Borrowing Base Inclusion Date” means, with respect to any Collateral Loan that satisfies each of the Eligibility Criteria, the date such Collateral Loan either satisfied each of the Borrowing Base Inclusion Criteria applicable to such Collateral Loan or became a Borrowing Base Inclusion Criteria Exception Loan and was included in the calculation of the Borrowing Base. “Borrowing Date” means the date of a Borrowing. “Business Day” means any day other than a Saturday or Sunday, provided that (i) days on which banks are authorized or required to close in New York, New York, St. ▇▇▇▇, Minnesota, or Chicago, Illinois, and (ii) if the applicable Business Day relates to the advance or continuation of, or conversion into, or payment of an Advance bearing interest at the LIBOR Rate or the determination of the LIBOR Rate, days on which banks are dealing in U.S. Dollar deposits in the interbank eurodollar market in London, England are closed, shall not constitute Business Days. “Cash” means Dollars immediately available on the day in question. - 5- 34881204v6 110062879
Borrowing Base Calculation Statement. With respect to any Advance, a statement prepared by the Collateral Manager setting forth, among other things, a pro forma calculation of the Borrowing Base after giving effect to the addition of Loans in the Collateral on the Funding Date for such Advance, in substantially the form mutually agreed by the Borrower, the Collateral Manager and the Lead Lender, as such form may be modified from time to time.
Borrowing Base Calculation Statement. With respect to any Advance, a statement prepared by the Collateral Manager setting forth, among other things, a pro forma calculation of the Borrowing Base after giving effect to the addition of Loans in the Collateral on the Funding Date for such Advance, in substantially the form mutually agreed by the Borrower, the Collateral Manager and the Lead Lender, as such form may be modified from time to time.
Borrowing Base Calculation Statement means a statement in substantially the form attached as Schedule I to the form of Notice of Borrowing attached hereto as Exhibit A, as such form of Borrowing Base Calculation Statement may be modified by the Administrative Agent from time to time to the extent such form does not, in the good faith opinion of the Administrative Agent, accurately reflect the calculation of the Borrowing Base required hereunder. “Borrowing Base Inclusion Criteria” means, with respect to any Collateral Loan, the SBA Loan Borrowing Base Inclusion Criteria. “Borrowing Base Inclusion Criteria Exception Loan” means a Collateral Loan that does not satisfy one or more of the Borrowing Base Inclusion Criteria but is approved as an Eligible Loan by the Administrative Agent acting in its sole discretion. “Borrowing Base Inclusion Date” means, with respect to any Collateral Loan that satisfies each of the Eligibility Criteria, the date such Collateral Loan either satisfied each of the Borrowing Base Inclusion Criteria applicable to such Collateral Loan or became a Borrowing Base Inclusion Criteria Exception Loan and was included in the calculation of the Borrowing Base. “Borrowing Date” means the date of a Borrowing. “Business Day” means any day other than a Saturday or Sunday, provided that (i) days on which banks are authorized or required to close in New York, New York, St. ▇▇▇▇, Minnesota, or Chicago, Illinois, and (ii) if the applicable Business Day relates to the advance or continuation of, or conversion into, or payment of an Advance bearing interest at the LIBOR Rate or the determination of the LIBOR Rate, days on which banks are dealing in U.S. Dollar deposits in the interbank eurodollar market in London, England are closed, shall not constitute Business Days. “Cash” means Dollars immediately available on the day in question. - 5- 34881204v6 110062879