Borrowing Base Shortfall definition
Borrowing Base Shortfall means, on any date of determination, the excess, if any, of (i) the sum of the Aggregate Class A Note Principal plus the Required Overcollateralization Amount, over (ii) the Borrowing Base Amount.
Borrowing Base Shortfall means the amount (if any) by which the Outstanding Principal of the Credit Facilities exceeds the amount of the Borrowing Base set forth in the most recently delivered Borrowing Base Notice (for certainty, whether the determination of the Borrowing Base set forth in such Borrowing Base Notice is yet in effect pursuant to Section 2.23 or not).
Borrowing Base Shortfall means on as of any date of determination, the amount, if any, by which the Outstanding Note Balance (without giving effect to any Increase on such date) exceeds the Borrowing Base on such date (without giving effect to any pledge of Additional Timeshare Loans to the Indenture Trustee on such date).
Examples of Borrowing Base Shortfall in a sentence
For certainty, the Borrower shall not be entitled to request Drawdowns during the occurrence of a Borrowing Base Shortfall.
More Definitions of Borrowing Base Shortfall
Borrowing Base Shortfall means, on any date, the amount, if any, by which the Notes Principal Amount (without giving effect to any Increase on such date) exceeds the Borrowing Base on such date (without giving effect to any transfers of Additional Pledged Loans to the Collateral Agent on such date).
Borrowing Base Shortfall means at any time, that amount, if any, by which the Canadian Dollar Exchange Equivalent of the Aggregate Principal Amount under the Credit Facilities exceeds the Borrowing Base.
Borrowing Base Shortfall means, at any time, the amount (if any) by which:
Borrowing Base Shortfall means, on any date of determination, as applicable, a Class A Borrowing Base Shortfall, a Class B Borrowing Base Shortfall and/or a Class C Borrowing Base Shortfall.
Borrowing Base Shortfall. On any date of determination, the amount, if any, by which the Advances Outstanding exceeds the Borrowing Base.
Borrowing Base Shortfall as defined in Section 2.14(b).
Borrowing Base Shortfall means at any time, that amount, if any, by which the sum of the Equivalent Amount in Cdn. Dollars of Outstanding Principal under the Syndicated Facility and the Outstanding Principal under the Operating Facility exceeds the Borrowing Base;