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.