Borrowing Base Loan Party definition

Borrowing Base Loan Party shall have the meaning assigned to such term in Section 9.01.
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Borrowing Base Loan Party means (i) the Borrower or (ii) any other Wholly Owned Domestic Subsidiary of the Operating Partnership so long as (x) such Wholly Owned Domestic Subsidiary is a Subsidiary Guarantor, and any Subsidiary of the Operating Partnership that directly or indirectly owns any Equity Interests of such Wholly Owned Domestic Subsidiary is the Borrower or a Subsidiary Guarantor and (y) 100% of the Equity Interests of such Wholly-Owned Domestic Subsidiary (together with all of the Equity Interests of any Subsidiary of the Operating Partnership that directly or indirectly owns any Equity Interests of such Wholly Owned Domestic Subsidiary) have been pledged as Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, pursuant to the Collateral Documents.
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Borrowing Base Loan Party means each Borrower and each other Loan Party whose assets are included, from time to time in the discretion of the Administrative Agent, as
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Examples of Borrowing Base Loan Party in a sentence

  • Each Borrowing Base Loan Party shall use, store and maintain all Inventory with reasonable care and caution, in accordance with applicable standards of any insurance and in conformity in all material respects with all applicable Law, and shall make current rent payments (within applicable grace periods provided for in leases and unless being contested in good faith by appropriate proceedings) at all locations where any Material Collateral is located.

  • Objective 7: Sustainability POLICY BTC22: SUSTAINABLE ENERGY The Council will support and, as necessary, facilitate the provision of the underground pipes and other related infrastructure to implement the district heating network as part of the London Thames Gateway Heat Network.

  • No Borrowing Base Loan Party shall sell any Inventory on approval, except pursuant to a consignment arrangement, or on any other basis under which the customer may return or require the applicable Borrowing Base Loan Party to repurchase such Inventory.

  • No Borrowing Base Loan Party shall, directly or indirectly enter into or allow to exist any Restricted Transaction without the written consent Administrative Agent other than those set forth on Schedule 6.17.

  • The Borrower will not, and will not permit any other Borrowing Base Loan Party to, enter into any sale and leaseback transaction with respect to any Borrowing Base Property, other than as the purchaser-lessor at the time of the acquisition thereof.

  • As of the date hereof, set forth in Part B of Schedule 3.15 is a complete and correct list of all Investments (other than Investments disclosed in Part A of Schedule 3.15 or in Schedule 3.16, and other than Permitted Investments and operating deposit accounts with banks) held by any Borrowing Base Loan Party in any Person on the date hereof and, for each such Investment, (x) the identity of the Person or Persons holding such Investment and (y) the nature of such Investment.

  • The Borrower will, and will cause each Borrowing Base Loan Party to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises necessary for the conduct of its business; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution not prohibited by Section 6.03 or any disposition not prohibited by Section 6.14.

  • As of the date hereof, (x) there are no outstanding Equity Rights with respect to Equity Interests of the Borrower and (y) there are no outstanding obligations, excluding any Equity Interests, of any Borrowing Base Loan Party to repurchase, redeem, or otherwise acquire any Equity Interests in any Borrowing Base Loan Party.

  • The Maximum Liability is the lesser of the purchase price in the case of a purchase or the mortgage advance in the case of a remortgage scenario, or £2million.

  • The Transactions are within the corporate, partnership or limited liability company powers of each Borrowing Base Loan Party and have been duly authorized by all necessary corporate, partnership or limited liability company action under their respective Organizational Documents.


More Definitions of Borrowing Base Loan Party

Borrowing Base Loan Party means each US Borrowing Base Loan Party and the European Borrower.
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Borrowing Base Loan Party means (i) the Operating Partnership, (ii) the Borrower or (iiiii) any other Wholly Owned Domestic Subsidiary of the Operating Partnership so long as (x) such Wholly Owned Domestic Subsidiary is a Subsidiary Guarantor, and any Subsidiary of the Operating Partnership that directly or indirectly owns any Equity Interests of such Wholly Owned Domestic Subsidiary is the Borrower or a Subsidiary Guarantor and (y) 100% of the Equity Interests of such Wholly-Owned Domestic Subsidiary (together with all of the Equity Interests of any Subsidiary of the Operating Partnership that directly or indirectly owns any Equity Interests of such Wholly Owned Domestic Subsidiary) have been pledged as Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, pursuant to the Collateral Documents.
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Related to Borrowing Base Loan Party

  • 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.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Borrowing Base means, at any time of calculation, an amount equal to:

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

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

  • Borrowing Base Report means a Borrowing Base Report for the Borrower signed by an Authorized Signatory of the Borrower and in substantially the form of Exhibit D attached hereto.

  • Canadian Loan Party means any Loan Party organized under the laws of Canada or any province or territory thereof.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Borrowing Base Properties means the Oil and Gas Properties of the Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.

  • Borrowing Base Amount means, as of any date, an amount equal to the sum of:

  • 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.

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Aggregate Borrowing Base means as of any date of determination, an amount equal to (i) the sum of the SMP Borrowing Base and the SI Borrowing Base; less (ii) any Reserves except to the extent already deducted therefrom.

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

  • Canadian Loan Parties means the Canadian Borrower and the Canadian Guarantors.

  • Domestic Loan Parties means, collectively, the Company and the Guarantors.

  • Borrower/s means and refers to jointly and severally to the Applicants (more particularly described in the Application Form) who has/have been sanctioned/granted/disbursed the Loan by ABFL pursuant to the relevant Application Form submitted by such applicants to ABFL for availing of the Loan and depending upon the nature of the Borrower/s, shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, executors and administrators;

  • New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).

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

  • Non-Loan Party means any Subsidiary of the Borrower that is not a Loan Party.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Borrower Group means the Borrower and each of its Subsidiaries.

  • Borrower as defined in the preamble hereto.