Examples of Borrowing Base Party in a sentence

At the same time, lending principles and risk processes were tightened.
If any proposed designated action involves a Disposition (including by way of an Investment or a Restricted Payment) of Accounts of a Borrowing Base Party, the Parent shall deliver to the Administrative Agent an update to the most recently delivered Borrowing Base Certificate giving pro forma effect to such Disposition, and the Borrowing Base shall be so adjusted prior to computing Specified Availability for purposes of this definition.
In the event that an Account of a Borrowing Base Party which was previously an Eligible Account ceases to be an Eligible Account hereunder, such Borrowing Base Party or the Borrower Representative shall notify the Administrative Agent thereof on and at the time of submission to the Administrative Agent of the next Borrowing Base Certificate.
This is usually by the KI Discus method where an aerosol of potassium iodide is generated within the operating cabinet and sampling devices are placed in front of the cabinet to capture any aerosol escaping from the working area.
In order to allow subsystem arbitration to occur as needed to optimize ESC performance, the regulation makes clear that the vehicle’s design logic for activation of these systems may be integrated so that these systems can work in unison together addressing vehicle instabilities.

More Definitions of Borrowing Base Party

Borrowing Base Party means each Loan Party; provided that Gogo Canada shall only become a Borrowing Base Party from and after the Borrowing Base Party Joinder Date.

Borrowing Base Party means the Borrower, Surgical Services and any other Restricted Subsidiary that is a Loan Party designated as a Borrowing Base Party after the Amendment Closing Date by written notice to the Administrative Agent from the Borrower and consented to by the Administrative Agent (such consent not to be unreasonably withheld or delayed and in any event to be decided within 60 days of delivery of such notice). Failure of the Administrative Agent to notify Borrower of its decision to withhold consent as provided herein shall be deemed consent.

Borrowing Base Party shall have the meaning set forth in the PNC Credit Agreement.

Borrowing Base Party means any one of them; provided that, notwithstanding anything to the contrary contained in the foregoing or in the definition of either Excluded Subsidiary or Immaterial Subsidiary, each Subsidiary of Borrower that constitutes a Borrowing Base Party shall be a Loan Party and a Restricted Subsidiary for all purposes and shall not, in any event, constitute an Excluded Subsidiary or an Immaterial Subsidiary except that, so long as no Default or Event of Default then exists or would be caused thereby and upon at least 10 Business Days’ (and no more than 15 Business Days’) (or such shorter or longer periods as may be permitted by Agent in its sole discretion) written notice from Borrower to Agent, Borrower may elect to exclude from the definition of Borrowing Base Parties any Subsidiary that would otherwise have qualified as an Immaterial Subsidiary or an Excluded Subsidiary, but for the restrictions contained herein, as of the effective date for such exclusion as specified in Borrower’s election notice, provided, that no Overadvance would arise as a result of such exclusion, and from and after the effective date of such exclusion, such Subsidiary shall at all times thereafter cease to be a Borrowing Base Party for all purposes of the Agreement and the other Loan Documents.

Borrowing Base Party means the Parent, a Domestic Subsidiary or an Eligible Foreign Subsidiary, and "Borrowing Base Parties" means any two or more, or all, of such Persons.