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Advances Outstanding which are denominated in EUR are less than or equal to the Borrowing Base (EUR) at such time or (v) if Advances Outstanding which are denominated in GBP are less than or equal to the Borrowing Base (GBP) at such time.", "hash": "e0f88127d11648619aefcbcce48f38d4", "id": 9}, {"size": 5, "snippet_links": [{"key": "date-of-determination", "type": "definition", "offset": [43, 64]}, {"key": "borrowing-base-ratio", "type": "clause", "offset": [76, 96]}, {"key": "facility-advance-rate", "type": "definition", "offset": [121, 142]}, {"key": "sum-of", "type": "clause", "offset": [152, 158]}, {"key": "amount-of-the-advances", "type": "clause", "offset": [195, 217]}, {"key": "equal-to", "type": "definition", "offset": [340, 348]}, {"key": "aggregate-unfunded-exposure-amount", "type": "definition", "offset": [385, 419]}, {"key": "on-deposit", "type": "definition", "offset": [436, 446]}, {"key": "unfunded-exposure-account", "type": "definition", "offset": [454, 479]}, {"key": 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the Advances is not greater than the Borrowing Base, and (c) the aggregate outstanding principal amount of the Advances plus an amount equal to the positive difference between the aggregate Unfunded Exposure Amount and the amounts on deposit in the Unfunded Exposure Account and the Unfunded Exposure Allocated Amounts on such date of determination is not greater than the Financing Commitment.", "hash": "dca32e2ee7179cbe44805ea70d6c3a9d", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIcYm9ycm93aW5nLWJhc2UtdGVzdCMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "Borrowing Base Test", "size": 242, "snippet": "means a test that will be satisfied on any date of determination if the following is true: Where: AR =57%.", "id": "borrowing-base-test", "examples": ["In addition, Advances Outstanding shall be repaid as and when necessary (first, to Swing Advances outstanding) to cause the <strong>Borrowing Base Test</strong> to be met, in accordance with Section 2.8 (each such payment, a \u201cMandatory Prepayment\u201d), and any amount so repaid may, subject to the terms and conditions hereof, be reborrowed hereunder during the Revolving Period."], "related": [["borrowing-base-availability", "Borrowing Base Availability", "Borrowing Base Availability"], ["borrowing-base", "Borrowing Base", "Borrowing Base"], ["borrowing-base-report", "Borrowing Base Report", "Borrowing Base Report"], ["borrowing-base-amount", "Borrowing Base Amount", "Borrowing Base Amount"], ["borrowing-base-value", "Borrowing Base Value", "Borrowing Base Value"]], "related_snippets": [], "updated": "2026-03-28T04:49:54+00:00"}, "json": true, "cursor": ""}}