{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "date-of-determination", "type": "clause", "offset": [14, 35]}, {"key": "the-excess", "type": "clause", "offset": [37, 47]}, {"key": "sum-of", "type": "clause", "offset": [68, 74]}, {"key": "aggregate-class-a-note-principal", "type": "definition", "offset": [79, 111]}, {"key": "required-overcollateralization-amount", "type": "clause", "offset": [121, 158]}, {"key": "borrowing-base-amount", "type": "clause", "offset": [174, 195]}], "samples": [{"hash": "bRFKLPDLCyC", "uri": "/contracts/bRFKLPDLCyC#borrowing-base-shortfall", "label": "Base Indenture (Oportun Financial Corp)", "score": 31.5982208252, "published": true}, {"hash": "ibZ3PQJnkz1", "uri": "/contracts/ibZ3PQJnkz1#borrowing-base-shortfall", "label": "Base Indenture (Oportun Financial Corp)", "score": 31.4010944366, "published": true}, {"hash": "gple6VR3Qxq", "uri": "/contracts/gple6VR3Qxq#borrowing-base-shortfall", "label": "Fifth Amendment to the Series 2015 Supplement (Oportun Financial Corp)", "score": 31.4010944366, "published": true}], "snippet": "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.", "size": 20, "hash": "40c2edaa51f406f18433e7a2b89c8cf3", "id": 1}, {"snippet_links": [{"key": "principal-of", "type": "definition", "offset": [51, 63]}, {"key": "the-credit-facilities", "type": "clause", "offset": [64, 85]}, {"key": "amount-of-the-borrowing", "type": "clause", "offset": [98, 121]}, {"key": "borrowing-base-notice", "type": "definition", "offset": [168, 189]}, {"key": "for-certainty", "type": "clause", "offset": [191, 204]}, {"key": "determination-of-the-borrowing-base", "type": "clause", "offset": [218, 253]}, {"key": "in-effect", "type": "definition", "offset": [301, 310]}, {"key": "pursuant-to-section", "type": "clause", "offset": [311, 330]}], "samples": [{"hash": "ga8uABjU9bs", "uri": "/contracts/ga8uABjU9bs#borrowing-base-shortfall", "label": "Credit Agreement (Obsidian Energy Ltd.)", "score": 36.3894577026, "published": true}, {"hash": "4bj9nYxSfnp", "uri": "/contracts/4bj9nYxSfnp#borrowing-base-shortfall", "label": "Credit Agreement (Obsidian Energy Ltd.)", "score": 36.1403160095, "published": true}, {"hash": "9Q0UDF1rzP8", "uri": "/contracts/9Q0UDF1rzP8#borrowing-base-shortfall", "label": "Credit Agreement (Obsidian Energy Ltd.)", "score": 35.725528717, "published": true}], "snippet": "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).", "size": 16, "hash": "749a50dab27364c8c0b5608a51f83743", "id": 2}, {"snippet_links": [{"key": "date-of-determination", "type": "clause", "offset": [19, 40]}, {"key": "outstanding-note-balance", "type": "definition", "offset": [75, 99]}, {"key": "borrowing-base", "type": "definition", "offset": [165, 179]}, {"key": "loans-to", "type": "clause", "offset": [254, 262]}, {"key": "the-indenture-trustee", "type": "definition", "offset": [263, 284]}], "samples": [{"hash": "8U9jLsLyutC", "uri": "/contracts/8U9jLsLyutC#borrowing-base-shortfall", "label": "Sale Agreement", "score": 31.3408622742, "published": true}, {"hash": "5E2SGxTnZ4E", "uri": "/contracts/5E2SGxTnZ4E#borrowing-base-shortfall", "label": "Sale Agreement", "score": 31.3408622742, "published": true}, {"hash": "bupZl88kG8r", "uri": "/contracts/bupZl88kG8r#borrowing-base-shortfall", "label": "Sale Agreement (MARRIOTT VACATIONS WORLDWIDE Corp)", "score": 25.7063655853, "published": true}], "snippet": "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).", "size": 9, "hash": "552b075488ab7887adccced8fca36628", "id": 3}, {"snippet_links": [{"key": "notes-principal-amount", "type": "definition", "offset": [53, 75]}, {"key": "borrowing-base", "type": "definition", "offset": [141, 155]}, {"key": "transfers-of", "type": "clause", "offset": [199, 211]}, {"key": "loans-to", "type": "clause", "offset": [231, 239]}, {"key": "the-collateral-agent", "type": "clause", "offset": [240, 260]}], "samples": [{"hash": "idrgedjWgmB", "uri": "/contracts/idrgedjWgmB#borrowing-base-shortfall", "label": "Amended and Restated Indenture and Servicing Agreement (Travel & Leisure Co.)", "score": 34.5564689636, "published": true}, {"hash": "hY41gFh2FaZ", "uri": "/contracts/hY41gFh2FaZ#borrowing-base-shortfall", "label": "Amended and Restated Indenture and Servicing Agreement (Travel & Leisure Co.)", "score": 32.8124580383, "published": true}, {"hash": "9cLOXsar5qa", "uri": "/contracts/9cLOXsar5qa#borrowing-base-shortfall", "label": "Indenture and Servicing Agreement (Travel & Leisure Co.)", "score": 30.1485290527, "published": true}], "snippet": "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).", "size": 9, "hash": "e153baa1e40f4b89d36609b026130fd4", "id": 4}, {"snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [6, 17]}, {"key": "canadian-dollar-exchange-equivalent", "type": "definition", "offset": [53, 88]}, {"key": "aggregate-principal-amount", "type": "clause", "offset": [96, 122]}, {"key": "the-credit-facilities", "type": "clause", "offset": [129, 150]}, {"key": "borrowing-base", "type": "definition", "offset": [163, 177]}], "samples": [{"hash": "cZJkTtKo2j4", "uri": "/contracts/cZJkTtKo2j4#borrowing-base-shortfall", "label": "Credit Agreement (Gran Tierra Energy Inc.)", "score": 36.8302536011, "published": true}, {"hash": "6PhFIvVDcz4", "uri": "/contracts/6PhFIvVDcz4#borrowing-base-shortfall", "label": "Credit Agreement (Gran Tierra Energy Inc.)", "score": 33.8418884277, "published": true}, {"hash": "gdxXkpmwRrE", "uri": "/contracts/gdxXkpmwRrE#borrowing-base-shortfall", "label": "Credit Agreement (Obsidian Energy Ltd.)", "score": 28.4852848053, "published": true}], "snippet": "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.", "size": 9, "hash": "c42bb34d4dae03656574043540f53b13", "id": 5}, {"snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [7, 18]}], "samples": [{"hash": "9DTmhN3OCax", "uri": "/contracts/9DTmhN3OCax#borrowing-base-shortfall", "label": "Credit Agreement (Starwood Property Trust, Inc.)", "score": 30.3470230103, "published": true}, {"hash": "jazOfzZ9Sdx", "uri": "/contracts/jazOfzZ9Sdx#borrowing-base-shortfall", "label": "Credit Agreement (Starwood Property Trust, Inc.)", "score": 30.0157432556, "published": true}, {"hash": "gFB0Y8h5pWz", "uri": "/contracts/gFB0Y8h5pWz#borrowing-base-shortfall", "label": "Credit Agreement (Starwood Property Trust, Inc.)", "score": 29.8542098999, "published": true}], "snippet": "means, at any time, the amount (if any) by which:", "size": 5, "hash": "4466aeaa9d5137a65bc26f65b284612a", "id": 6}, {"snippet_links": [{"key": "date-of-determination", "type": "clause", "offset": [14, 35]}, {"key": "class-a-borrowing-base-shortfall", "type": "definition", "offset": [54, 86]}, {"key": "class-b-borrowing-base-shortfall", "type": "definition", "offset": [90, 122]}, {"key": "class-c-borrowing-base", "type": "definition", "offset": [132, 154]}], "samples": [{"hash": "47XjxKvfjX8", "uri": "/contracts/47XjxKvfjX8#borrowing-base-shortfall", "label": "Master Loan and Security Agreement (Katapult Holdings, Inc.)", "score": 37.6078033447, "published": true}, {"hash": "aYh15dfGsGV", "uri": "/contracts/aYh15dfGsGV#borrowing-base-shortfall", "label": "Master Loan and Security Agreement (Katapult Holdings, Inc.)", "score": 37.4599571228, "published": true}], "snippet": "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.", "size": 5, "hash": "e48a3458d4c23e50da4b4570a203be67", "id": 7}, {"snippet_links": [{"key": "date-of-determination", "type": "clause", "offset": [7, 28]}, {"key": "advances-outstanding", "type": "definition", "offset": [63, 83]}, {"key": "borrowing-base", "type": "definition", "offset": [96, 110]}], "samples": [{"hash": "4BgIsNDugoa", "uri": "/contracts/4BgIsNDugoa#borrowing-base-shortfall", "label": "Revolving Credit Agreement (Vinebrook Homes Trust, Inc.)", "score": 34.3579750061, "published": true}, {"hash": "ccjkchJSK27", "uri": "/contracts/ccjkchJSK27#borrowing-base-shortfall", "label": "Revolving Credit Agreement (Vinebrook Homes Trust, Inc.)", "score": 33.3696098328, "published": true}, {"hash": "iDsUplmkLNR", "uri": "/contracts/iDsUplmkLNR#borrowing-base-shortfall", "label": "Revolving Credit Agreement (Vinebrook Homes Trust, Inc.)", "score": 32.3264884949, "published": true}], "snippet": "On any date of determination, the amount, if any, by which the Advances Outstanding exceeds the Borrowing Base.", "size": 4, "hash": "2513ebb64be079137f2c290c43b207f7", "id": 8}, {"snippet_links": [{"key": "defined-in-section", "type": "clause", "offset": [3, 21]}], "samples": [{"hash": "h9jhAyKliPm", "uri": "/contracts/h9jhAyKliPm#borrowing-base-shortfall", "label": "Superpriority Debtor in Possession Credit and Guaranty Agreement", "score": 21.4636306763, "published": true}, {"hash": "aDi9PLSg2cI", "uri": "/contracts/aDi9PLSg2cI#borrowing-base-shortfall", "label": "Credit Agreement", "score": 21.4636306763, "published": true}], "snippet": "as defined in Section 2.14(b).", "size": 4, "hash": "02a7d0321caf7a006783fd327b90002e", "id": 9}, {"snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [6, 17]}, {"key": "sum-of", "type": "clause", "offset": [53, 59]}, {"key": "equivalent-amount", "type": "definition", "offset": [64, 81]}, {"key": "outstanding-principal", "type": "definition", "offset": [101, 122]}, {"key": "syndicated-facility", "type": "definition", "offset": [133, 152]}, {"key": "operating-facility", "type": "clause", "offset": [193, 211]}, {"key": "borrowing-base", "type": "definition", "offset": [224, 238]}], "samples": [{"hash": "fRNLW6SH2oJ", "uri": "/contracts/fRNLW6SH2oJ#borrowing-base-shortfall", "label": "Credit Agreement (Bellatrix Exploration Ltd.)", "score": 27.7583847046, "published": true}, {"hash": "4VG9J9Bw0ZD", "uri": "/contracts/4VG9J9Bw0ZD#borrowing-base-shortfall", "label": "Credit Agreement (Bellatrix Exploration Ltd.)", "score": 27.5544147491, "published": true}, {"hash": "9ZZnRob3Qot", "uri": "/contracts/9ZZnRob3Qot#borrowing-base-shortfall", "label": "Credit Agreement (Bellatrix Exploration Ltd.)", "score": 27.1943874359, "published": true}], "snippet": "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;", "size": 3, "hash": "0a2919c7936a1c8e5654de7cb1d82b94", "id": 10}], "next_curs": "CmUSX2oVc35sYXdpbnNpZGVyY29udHJhY3RzckELEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIhYm9ycm93aW5nLWJhc2Utc2hvcnRmYWxsIzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"title": "Borrowing Base Shortfall", "snippet": "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.", "size": 118, "id": "borrowing-base-shortfall", "examples": ["For certainty, the Borrower shall not be entitled to request Drawdowns during the occurrence of a <strong>Borrowing Base Shortfall</strong>."], "related": [["borrowing-base-amount", "Borrowing Base Amount", "Borrowing Base Amount"], ["borrowing-base-deficit", "Borrowing Base Deficit", "Borrowing Base Deficit"], ["overadvance-amount", "Overadvance Amount", "Overadvance Amount"], ["borrowing-base-deficiency", "Borrowing Base Deficiency", "Borrowing Base Deficiency"], ["borrowing-base-value", "Borrowing Base Value", "Borrowing Base Value"]], "related_snippets": [], "updated": "2026-10-04T08:13:58+00:00"}, "json": true, "cursor": ""}}