Borrowing Base Termination Date definition

Borrowing Base Termination Date means. if at such time no Default under section 10.1(a) or Event of Default shall have occurred and be continuing, (i) December 31, 2001, or (ii) such earlier date, if any, as of which the Borrower shall have delivered to the Administrative Agent and the Lenders its written undertaking to comply with section 9.8 of this Agreement as if such section 9.8 had been amended so as not to permit the Borrower at any time to have a ratio of its Consolidated Total Debt to Consolidated EBITDA for its Testing Period most recently ended in excess of 2.50 to 1.00 (and effective upon such delivery such section 9.8 of this Agreement shall be deemed to have been so amended). The Administrative Agent shall notify the Borrower and the Lenders of the occurrence of the Borrowing Base Termination Date, specifying the same.
Sample 1
Borrowing Base Termination Date means the date upon which the Revolving Commitments shall have been terminated and all Revolving Loans irrevocably paid in full.
Sample 1
Borrowing Base Termination Date means, if at such time no Default under section 10.1(a) or Event of Default shall have occurred and be continuing, (i) September 30, 2002, or (ii) such earlier date, if any, as of which the Borrower shall have delivered to the Administrative Agent and the Lenders its written undertaking to comply with section 9.8 of this Agreement as if such section 9.8 had been amended so as not to permit the Borrower at any time to have a ratio of its Consolidated Total Debt to Consolidated EBITDA for its Testing Period most recently ended in excess of 2.50 to 1.00 (and effective upon such delivery such section 9.8 of this Agreement shall be deemed to have been so amended). The Administrative Agent shall notify the Borrower and the Lenders of the occurrence of the Borrowing Base Termination Date, specifying the same.
Sample 1

Examples of Borrowing Base Termination Date in a sentence

  • The structure set of a compact topological manifold is the basic object of study in surgery theory.

  • The governing body publishes the results of the hearing in the community’s newsletter and the decision may be appealed in the Maryland Court system.

  • Notwithstanding anything to the contrary contained herein, the Borrowing Base may be subject to reduction from time to time, including prior to the Initial Borrowing Base Termination Date, pursuant to Section 2.04(f)(iii), Section 7.16(c), Section 8.02(d)(iii), Section 8.05(l) and Section 8.12(d).

  • This flows from the need to give a wide measure of latitude to the JM, as emphasised in In re Meem at 405 itself (in the context of administrators).

  • If, on any date prior to the Borrowing Base Termination Date, the Loans then outstanding exceed the Borrowing Base on such date, the Loans shall be repaid in an amount equal to, in the aggregate, such excess.

  • For the avoidance of doubt, on and after the Non-Conforming Borrowing Base Termination Date, the Conforming Borrowing Base shall equal the Borrowing Base.

  • Provided that Borrower shall comply with the covenants contained in this Loan Agreement and the other Loan Documents, the Borrowing Base Loan shall be extended to Borrower until three hundred sixty-four (364) days after the date of this Loan Agreement (the "Borrowing Base Termination Date"), at which time all sums advanced hereunder shall be due and payable in full.

  • Prior to the SMMC Interim Borrowing Base Termination Date: $75M Post SMMC Interim Borrowing Base Termination Date: Month 2017 2018 2019 1 Jan $85M $95M 2 Feb $85M $95M 3 Mar $85M $95M 4 Apr $100M $120M $120M 5 May $100M $120M 6 June $100M $120M 7 July $100M $120M 8 August $100M $120M 9 Sept $100M $120M 10 Oct $85M $95M 11 Nov $85M $95M 12 Dec $85M $95M SCHEDULE B CLOSING DOCUMENTS [TEMPUR SEALY INTERNATIONAL, INC.

  • To analyse a PE, you have to walk through the file using offsets, forwards and sometimes backwards.

  • If, on any date prior --------------------------------- to the Borrowing Base Termination Date, the Loans then outstanding exceed the difference of (A) the Borrowing Base minus (B) any Capitalized Lease ----- Obligations then outstanding in excess of $50,000,000.00 on such date, the Loans shall be repaid in an amount equal to, in the aggregate, such excess.


More Definitions of Borrowing Base Termination Date

Borrowing Base Termination Date means the earlier to occur of (a)
Sample 1
Borrowing Base Termination Date means the earlier to occur of (a) ------------------------------- July 1, 2001 and (b) such date as the Borrowers elect in writing to the Administrative Agent to terminate the use of the Borrowing Base formula and convert to a borrowing limitation tied to the Leverage Ratio restrictions set forth in Section 7.8 hereof.
Sample 1
Borrowing Base Termination Date means the first date after the Restatement Date, or if applicable, after a Borrowing Base Reinstatement Date, on which the Borrower has delivered two consecutive compliance certificates pursuant to Section 6.1(e) demonstrating to the reasonable satisfaction of the Administrative Agent that the Total Cash Flow Leverage Ratio was less than 2.0 to 1.0 as of the last day of the most recently ended fiscal quarter set forth in each such compliance certificate.
Sample 1
Borrowing Base Termination Date means June 30, 2007.
Sample 1

Related to Borrowing Base Termination Date

  • Availability Termination Date the earlier of (i) the date that is the seventh anniversary of the Closing Date and (ii) the date on which the Administrative Agent delivers to the Servicer a notice of termination as a result of a Termination Event in accordance herewith (or the date on which such termination becomes effective automatically pursuant to Section 7).

  • Term Loan Termination Date means the earlier to occur of the (i) Term Loan Maturity Date or (ii) Early Termination Date.

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2, TERM NOTE 4, and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, April 21, 2006; (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’S election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Revolving Facility Termination Date means the earlier of (i) December 20, 2026, or (ii) the date that the Revolving Commitments have been terminated pursuant to Section 8.02.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Revolver Termination Date means the date that is the four (4) year anniversary of the Restatement Effective Date, unless extended with the consent of each Lender in its sole and absolute discretion.

  • Lease Termination Date means the last day of the Lease Term.

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • Swingline Termination Date means the date which is 7 Business Days prior to the Termination Date.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Scheduled Commitment Termination Date means April 16, 2024.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Redetermination Date means, with respect to any Scheduled Redetermination or any Interim Redetermination, the date that the redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d).

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Revolving Commitment Termination Date means the earliest of (i) July 31, 2018, (ii) the date on which the Revolving Commitments are terminated pursuant to Section 2.8 and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise).

  • Revolving Loan Commitment Termination Date means the earliest of

  • Liquidity Termination Date means the earlier to occur of the following:

  • Letter of Credit Termination Date means the later of (i) that date upon which the Letter of Credit shall expire or terminate pursuant to its terms, or (ii) that date to which the expiration or termination of the Letter of Credit may be extended, from time to time, either by extension or renewal of the existing Letter of Credit or the issuance of a Substitute Letter of Credit.

  • Revolving Termination Date means the earlier to occur of:

  • Scheduled Termination Date means the date that is 364 days from (and including) the Effective Date, or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.03.

  • Applied Special Termination Advance has the meaning assigned to such term in Section 2.05.

  • Forbearance Termination Date means the earlier to occur of (i) the Termination Date and (ii) a Termination Event.

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Liquidity Provider Ratings Event Termination Date means the date established by the Tender and Paying Agent, acting upon instructions of the Fund pursuant to the Tender and Paying Agent Agreement, for termination of the VRDP Purchase Agreement upon the occurrence of a Liquidity Provider Ratings Event, which date shall be not less than 16 days nor more than 30 days following such Liquidity Provider Ratings Event.