Borrowing Base (Revolving Loans) definition

Borrowing Base (Revolving Loans) means, at any time, the product of (i) the Advance Rate (Revolving Loans) and (ii) the aggregate Principal Balances, without duplication with respect to the Borrowing Base (Term Loans), of all Pledged Contracts that are Eligible Contracts at such time.
Borrowing Base (Revolving Loans) means zero.

Examples of Borrowing Base (Revolving Loans) in a sentence

  • Each Pledged Contract included as an Eligible Contract represented by the Borrower to be an “Eligible Contract” on any date hereunder, or included in the calculation of the Borrowing Base (Revolving Loans) on any date, satisfies the requirements of eligibility contained in the definition of “Eligible Contract” as of such date.

Related to Borrowing Base (Revolving Loans)

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

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

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

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

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • New Revolving Loans as defined in Section 2.25.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

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

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

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

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • 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.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • Revolving Advances means Advances made other than Letters of Credit.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.