Borrowing Base Project definition

Borrowing Base Project means each Project that (i) is identified as a Borrowing Base Project on Schedule 1.1(b) as of the Closing Date or (ii) has been approved as a Borrowing Base Project and assigned a Project Value in accordance with Section 2.19.
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Borrowing Base Project means an Eligible Project that is then included in the Borrowing Base Certificate most recently delivered to Agent.
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Borrowing Base Project means any of the Borrowing Base Projects.
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Examples of Borrowing Base Project in a sentence

  • The Borrower shall cause (i) each Project Subsidiary to take only such actions that are necessary or incidental to the ownership, construction and operation of one or more Projects and (ii) each Borrowing Base Project to be wholly-owned by one or more Project Subsidiaries or Tax Credit Parties (as set forth on Schedule 1.1(b) or in the applicable Approval Notice submitted and approved in accordance with Section 2.19).

  • Except as otherwise agreed by the Administrative Agent in respect of Borrowing Base Projects set forth on Schedule 1.1(b), the Borrower has heretofore furnished to the Administrative Agent true and complete copies of the Project Documents for each Borrowing Base Project, in each case together with all schedules and exhibits referred to therein or delivered pursuant thereto and all amendments, modifications and waivers relating thereto.

  • Plaintiff William Hespen became a plaintiff in this lawsuit because he wanted a place in Chicago to go and practice at a firing range.

  • Lender's then current underwriting criteria and each of the following conditions precedent to the encumbrance of any Offered Project must be satisfied before the Appraised Value of the applicable Project will be added to the Borrowing Base Amount and the Offered Project will be considered a "Project" and "Borrowing Base Project" for the purposes of this Agreement and the Note.

  • Borrower shall be the sole owner of the Projects (other than the Ground Lease Parcel), the sole ground lessee of the Ground Lease Parcel and any ground leased Offered Project which becomes a Borrowing Base Project as provided in this Agreement, and the sole owner or, to the extent permitted by the terms of this Agreement, lessee, of the Personal Property, in each case free from any adverse Liens, except for Liens in favor of Lender.

  • Upon any reclassification of Inventory, the applicable Borrowing Base and its component parts (i.e., the Completed Project Borrowing Base, Project Under Construction Borrowing Base, and Land Borrowing Base) shall be recalculated, for purposes of determining whether any Borrowing Base Shortfall then exists, or whether the Supplemental Borrowing Base Maintenance Requirement exceeds the Supplemental Borrowing Base.

  • The facilitator of the conflict resolution sessions will be specifically trained in conflict resolution.

  • These profiles are shown on figure 5 with three points for CNR-INM at the left hand-side and fives points for IFREMER at the right-hand side, covering the turbine diameter height; z/D = 0 stands for the depth of the turbine rotation axis.

Related to Borrowing Base Project

  • 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.

  • 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 of calculation, an amount equal to:

  • Borrowing Base Report means a report in substantially the form of Exhibit E (or such other form approved by Administrative Agent) certified by a Responsible Officer of Borrower.

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • 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.