Borrowing Base Deficiency Rate definition

Borrowing Base Deficiency Rate means one and one-quarter percent (1.25%) plus the highest Applicable Margin, but in no event to exceed the Highest Lawful Rate.
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Borrowing Base Deficiency Rate means, the lesser of (a) the Maximum Rate, or (b) the Applicable Rate in effect from day to day, plus [two] percent.
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Borrowing Base Deficiency Rate means an interest rate equal to the Base Rate plus 0.50% per annum; provided, however, that with respect to a LIBO Rate Loan, the Borrowing Base Deficiency Rate shall be an interest rate equal to the LIBO Rate otherwise applicable to such Loan plus 2.0% per annum, in each case to the fullest extent permitted by applicable Laws.
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Examples of Borrowing Base Deficiency Rate in a sentence

  • Notwithstanding the foregoing, at all times from and after the date that is thirty (30) days after the date on which the Borrower receives a Borrowing Base Deficiency Notice until the date on which such Borrowing Base Deficiency shall cease to exist and to the extent that the Loans do not otherwise bear interest at the Default Rate, all of the outstanding Loans shall bear interest, after as well as before judgment, at a rate per annum equal to the Borrowing Base Deficiency Rate.


More Definitions of Borrowing Base Deficiency Rate

Borrowing Base Deficiency Rate means, at the time in question, the rate per annum equal to 2.00% above the Adjusted Term SOFR Margin Rate then in effect; provided that, in each case, the Borrowing Base Deficiency Rate shall never exceed the Highest Lawful Rate.
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Related to Borrowing Base Deficiency Rate

  • 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.

  • Borrowing Base Value means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.

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

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.