{"component": "definition", "props": {"groups": [{"samples": [{"hash": "6Um171aLjXp", "uri": "/contracts/6Um171aLjXp#borrowing-base-value", "label": "Credit Agreement (Vitesse Energy, Inc.)", "score": 34.0431213379, "published": true}, {"hash": "cCyHCnpOo6S", "uri": "/contracts/cCyHCnpOo6S#borrowing-base-value", "label": "Credit Agreement (Vitesse Energy, Inc.)", "score": 33.963722229, "published": true}, {"hash": "5SAgbH3uxj0", "uri": "/contracts/5SAgbH3uxj0#borrowing-base-value", "label": "Credit Agreement (Vitesse Energy, Inc.)", "score": 33.8980140686, "published": true}], "size": 78, "snippet": "means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "oil-and-gas-property", "type": "definition", "offset": [27, 47]}, {"key": "credit-party", "type": "definition", "offset": [53, 65]}, {"key": "swap-agreement", "type": "definition", "offset": [73, 87]}, {"key": "in-respect-of", "type": "definition", "offset": [88, 101]}, {"key": "the-value", "type": "clause", "offset": [115, 124]}, {"key": "the-administrative-agent", "type": "definition", "offset": [125, 149]}, {"key": "in-connection-with", "type": "clause", "offset": [175, 193]}, {"key": "most-recent", "type": "definition", "offset": [198, 209]}, {"key": "determination-of-the-borrowing-base", "type": "clause", "offset": [210, 245]}, {"key": "by-required-lenders", "type": "clause", "offset": [259, 278]}], "hash": "ea2089f14c16e7331ce20b5ad54c13a9", "id": 1}, {"samples": [{"hash": "cQjMmjr95VB", "uri": "/contracts/cQjMmjr95VB#borrowing-base-value", "label": "Credit Agreement (Alpine Income Property Trust, Inc.)", "score": 33.7994537354, "published": true}, {"hash": "g7hyiosU1iG", "uri": "/contracts/g7hyiosU1iG#borrowing-base-value", "label": "Credit Agreement (Alpine Income Property Trust, Inc.)", "score": 33.2929496765, "published": true}, {"hash": "fGP59e1nvc", "uri": "/contracts/fGP59e1nvc#borrowing-base-value", "label": "Credit Agreement (Alpine Income Property Trust, Inc.)", "score": 33.2929496765, "published": true}], "size": 15, "snippet": "means an amount equal to the sum of (a) for all Eligible Properties owned for more than twelve (12) months, the quotient of (i) the Borrowing Base NOI divided by (ii) the Capitalization Rate plus (b) for all Eligible Properties owned for twelve (12) months or less, the lesser of (i) the book value (as defined by GAAP) of any such Eligible Property and (ii), the value of any such Eligible Property as determined by the calculation in clause (a) above measured on an annualized basis rather than for the most recently ended period of four quarters; provided that Borrowing Base Value shall be reduced by excluding a portion of the Property NOI or book value of any Eligible Properties attributable to any Eligible Properties that exceed the concentration limits in the Borrowing Base Requirements.", "snippet_links": [{"key": "equal-to", "type": "definition", "offset": [16, 24]}, {"key": "sum-of", "type": "clause", "offset": [29, 35]}, {"key": "properties-owned", "type": "definition", "offset": [57, 73]}, {"key": "borrowing-base-noi", "type": "definition", "offset": [132, 150]}, {"key": "divided-by", "type": "clause", "offset": [151, 161]}, {"key": "capitalization-rate", "type": "definition", "offset": [171, 190]}, {"key": "lesser-of", "type": "definition", "offset": [270, 279]}, {"key": "book-value", "type": "definition", "offset": [288, 298]}, {"key": "eligible-property", "type": "clause", "offset": [332, 349]}, {"key": "the-value", "type": "clause", "offset": [360, 369]}, {"key": "in-clause", "type": "clause", "offset": [433, 442]}, {"key": "annualized-basis", "type": "definition", "offset": [468, 484]}, {"key": "most-recently-ended", "type": "definition", "offset": [505, 524]}, {"key": "period-of", "type": "definition", "offset": [525, 534]}, {"key": "provided-that", "type": "clause", "offset": [550, 563]}, {"key": "a-portion", "type": "definition", "offset": [615, 624]}, {"key": "property-noi", "type": "definition", "offset": [632, 644]}, {"key": "concentration-limits", "type": "definition", "offset": [742, 762]}, {"key": "borrowing-base-requirements", "type": "definition", "offset": [770, 797]}], "hash": "2f2a8e36855c4f55b9dcb2391cbbc4d9", "id": 2}, {"samples": [{"hash": "gFRwSoFvWLX", "uri": "/contracts/gFRwSoFvWLX#borrowing-base-value", "label": "Credit Agreement (Macerich Co)", "score": 37.1533203125, "published": true}, {"hash": "en0tFhqgZDd", "uri": "/contracts/en0tFhqgZDd#borrowing-base-value", "label": "Credit Agreement (Macerich Co)", "score": 34.7029418945, "published": true}, {"hash": "k231eEy6rbe", "uri": "/contracts/k231eEy6rbe#borrowing-base-value", "label": "Credit Agreement (Macerich Co)", "score": 32.29637146, "published": true}], "size": 13, "snippet": "means, as of any date of determination:", "snippet_links": [{"key": "date-of-determination", "type": "definition", "offset": [17, 38]}], "hash": "c4c52bcb641720c6585073237791127a", "id": 3}, {"samples": [{"hash": "64JXNPiq0LP", "uri": "/contracts/64JXNPiq0LP#borrowing-base-value", "label": "Credit Agreement (Global Medical REIT Inc.)", "score": 30.7522239685, "published": true}, {"hash": "3Fb2r3lFaZR", "uri": "/contracts/3Fb2r3lFaZR#borrowing-base-value", "label": "Credit Agreement (Global Medical REIT Inc.)", "score": 29.5995883942, "published": true}, {"hash": "4UrpNI3ge10", "uri": "/contracts/4UrpNI3ge10#borrowing-base-value", "label": "Credit Agreement (Global Medical REIT Inc.)", "score": 28.175907135, "published": true}], "size": 13, "snippet": "means, with respect to each Borrowing Base Property, as at any date of its determination,", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "borrowing-base-property", "type": "definition", "offset": [28, 51]}, {"key": "date-of", "type": "clause", "offset": [63, 70]}], "hash": "b1be9bf87abb848e6f320bdae141c354", "id": 4}, {"samples": [{"hash": "2T9kkxRI0MQ", "uri": "/contracts/2T9kkxRI0MQ#borrowing-base-value", "label": "Loan Agreement (Cedar Realty Trust, Inc.)", "score": 32.8412055969, "published": true}, {"hash": "gKDeKfhYoiT", "uri": "/contracts/gKDeKfhYoiT#borrowing-base-value", "label": "Loan Agreement (Cedar Realty Trust, Inc.)", "score": 29.5831623077, "published": true}, {"hash": "ivRfLlQ5tAF", "uri": "/contracts/ivRfLlQ5tAF#borrowing-base-value", "label": "Loan Agreement (Cedar Realty Trust, Inc.)", "score": 28.835729599, "published": true}], "size": 10, "snippet": "means, as of the most recent Compliance Certificate or Borrowing Base Property report, as applicable, delivered to the Administrative Agent, the sum of for all Borrowing Base Properties, (a) the lesser of (i) sixty percent (60%) of the Adjusted Capitalized Value of all such Borrowing Base Properties, or (ii) the Implied Loan Amount for all such Borrowing Base Properties, less (b) all Unsecured Debt of CRT and its Subsidiaries (excluding the Total Outstandings); provided, however, for purposes of calculating Borrowing Base Value, (x) the Borrowing Base Value from any single Borrowing Base Property shall not exceed fifteen percent (15%) of the total Borrowing Base Value and any Borrowing Base Value from such Borrowing Base Asset in excess of fifteen percent (15%) shall be excluded from the calculation of total Borrowing Base Value, and (y) aggregate rents from any single tenant or affiliate group of tenants may not exceed twenty five percent (25%) of the total rents of CRT and its Subsidiaries, and any rents from such tenants or affiliated group in excess of twenty five percent (25%) shall be excluded from the calculation of total Borrowing Base Value.", "snippet_links": [{"key": "most-recent", "type": "definition", "offset": [17, 28]}, {"key": "compliance-certificate", "type": "definition", "offset": [29, 51]}, {"key": "property-report", "type": "clause", "offset": [70, 85]}, {"key": "the-administrative-agent", "type": "definition", "offset": [115, 139]}, {"key": "sum-of", "type": "clause", "offset": [145, 151]}, {"key": "borrowing-base-properties", "type": "definition", "offset": [160, 185]}, {"key": "lesser-of", "type": "definition", "offset": [195, 204]}, {"key": "adjusted-capitalized-value", "type": "definition", "offset": [236, 262]}, {"key": "implied-loan-amount", "type": "definition", "offset": [314, 333]}, {"key": "debt-of", "type": "definition", "offset": [397, 404]}, {"key": "total-outstandings", "type": "clause", "offset": [445, 463]}, {"key": "for-purposes-of", "type": "clause", "offset": [485, 500]}, {"key": "the-borrowing", "type": "clause", "offset": [539, 552]}, {"key": "single-borrowing", "type": "clause", "offset": [573, 589]}, {"key": "total-borrowing-base-value", "type": "definition", "offset": [650, 676]}, {"key": "borrowing-base-asset", "type": "definition", "offset": [716, 736]}, {"key": "calculation-of", "type": "definition", "offset": [799, 813]}, {"key": "affiliate-group", "type": "definition", "offset": [892, 907]}, {"key": "five-percent", "type": "clause", "offset": [941, 953]}, {"key": "affiliated-group", "type": "clause", "offset": [1043, 1059]}], "hash": "ad30936d9bc0806033d49f569fa42136", "id": 5}, {"samples": [{"hash": "3b1YkiqTfdj", "uri": "/contracts/3b1YkiqTfdj#borrowing-base-value", "label": "Credit Agreement (Campus Crest Communities, Inc.)", "score": 23.1930179596, "published": true}, {"hash": "f8Ky3DeSL0r", "uri": "/contracts/f8Ky3DeSL0r#borrowing-base-value", "label": "Credit Agreement (Campus Crest Communities, Inc.)", "score": 22.6427097321, "published": true}, {"hash": "aj1D1Aq3bgB", "uri": "/contracts/aj1D1Aq3bgB#borrowing-base-value", "label": "Credit Agreement (Campus Crest Communities, Inc.)", "score": 21.8021907806, "published": true}], "size": 10, "snippet": "means, with respect to any Borrowing Base Asset, an amount equal to 60% of the Appraised Value of such Borrowing Base Asset.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "borrowing-base-asset", "type": "definition", "offset": [27, 47]}, {"key": "equal-to", "type": "definition", "offset": [59, 67]}, {"key": "appraised-value", "type": "definition", "offset": [79, 94]}], "hash": "ff5a9d9ba627870ac6a9c84b7bdf8d05", "id": 6}, {"samples": [{"hash": "jOJ3asSAFHT", "uri": "/contracts/jOJ3asSAFHT#borrowing-base-value", "label": "Credit Agreement (Umh Properties, Inc.)", "score": 33.8514709473, "published": true}, {"hash": "l2JY193fRBk", "uri": "/contracts/l2JY193fRBk#borrowing-base-value", "label": "Credit Agreement (Umh Properties, Inc.)", "score": 29.9226551056, "published": true}, {"hash": "bJL5wIzKJ3", "uri": "/contracts/bJL5wIzKJ3#borrowing-base-value", "label": "Credit Agreement (Umh Properties, Inc.)", "score": 26.2443523407, "published": true}], "size": 9, "snippet": "means, as at any date of its determination, an amount equal to the quotient of (a) the Borrowing Base NOI for the most recent Rolling Period divided by (b) the Capitalization Rate.", "snippet_links": [{"key": "date-of", "type": "clause", "offset": [17, 24]}, {"key": "equal-to", "type": "definition", "offset": [54, 62]}, {"key": "borrowing-base-noi", "type": "definition", "offset": [87, 105]}, {"key": "most-recent", "type": "definition", "offset": [114, 125]}, {"key": "rolling-period", "type": "definition", "offset": [126, 140]}, {"key": "divided-by", "type": "clause", "offset": [141, 151]}, {"key": "capitalization-rate", "type": "definition", "offset": [160, 179]}], "hash": "8195f11288a515738213c70aac3a9ca1", "id": 7}, {"samples": [{"hash": "hG3tDYwDs80", "uri": "/contracts/hG3tDYwDs80#borrowing-base-value", "label": "Credit Agreement (California Resources Corp)", "score": 34.8343582153, "published": true}, {"hash": "lWmfzLkcrHJ", "uri": "/contracts/lWmfzLkcrHJ#borrowing-base-value", "label": "Credit Agreement (California Resources Corp)", "score": 33.1259422302, "published": true}, {"hash": "gGjWukvLHim", "uri": "/contracts/gGjWukvLHim#borrowing-base-value", "label": "Credit Agreement (California Resources Corp)", "score": 32.3305969238, "published": true}], "size": 8, "snippet": "means, (a) with respect to any Oil and Gas Property of the Borrower, or any Grantor, the value attributed to such Oil and Gas Property in the most recent Borrowing Base redetermination or adjustment, as determined by the Administrative Agent and (b) with respect to any Hedge Agreement of the Borrower or any Grantor in respect of commodities, the value attributable to such Hedge Agreement in the most recent Borrowing Base redetermination or adjustment, as determined by the Administrative Agent; provided that (x) any Borrowing Base Value calculation by the Administrative Agent that would result in a reduction of the Borrowing Base pursuant to Section 2.14(f) shall be submitted to the Lenders for approval and (y) the failure of the Required Lenders to object to such Borrowing Base Value within five (5) Business Days shall be deemed to be an approval of such Borrowing Base Value by the Lenders.", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [11, 26]}, {"key": "oil-and-gas-property", "type": "definition", "offset": [31, 51]}, {"key": "the-value", "type": "clause", "offset": [85, 94]}, {"key": "most-recent", "type": "definition", "offset": [142, 153]}, {"key": "borrowing-base-redetermination", "type": "clause", "offset": [154, 184]}, {"key": "the-administrative-agent", "type": "definition", "offset": [217, 241]}, {"key": "agreement-of-the-borrower", "type": "clause", "offset": [276, 301]}, {"key": "in-respect-of", "type": "definition", "offset": [317, 330]}, {"key": "provided-that", "type": "clause", "offset": [499, 512]}, {"key": "reduction-of", "type": "clause", "offset": [605, 617]}, {"key": "the-borrowing", "type": "clause", "offset": [618, 631]}, {"key": "pursuant-to-section", "type": "definition", "offset": [637, 656]}, {"key": "for-approval", "type": "definition", "offset": [699, 711]}, {"key": "the-required-lenders", "type": "clause", "offset": [735, 755]}, {"key": "business-days", "type": "definition", "offset": [811, 824]}, {"key": "approval-of", "type": "definition", "offset": [850, 861]}, {"key": "by-the-lenders", "type": "clause", "offset": [888, 902]}], "hash": "3aee8798d52dc36ae9884dfa29a8e50f", "id": 8}, {"samples": [{"hash": "kGVXKHsUpO9", "uri": "/contracts/kGVXKHsUpO9#borrowing-base-value", "label": "Credit, Security and Management Agreement (Saratoga Investment Corp.)", "score": 23.1601638794, "published": true}, {"hash": "c1MLZ00A6cv", "uri": "/contracts/c1MLZ00A6cv#borrowing-base-value", "label": "Credit, Security and Management Agreement (GSC Investment Corp.)", "score": 21.585899353, "published": true}, {"hash": "e4ULFiLES8Q", "uri": "https://ir.saratogainvestmentcorp.com/static-files/5c480cd7-17b6-47e9-8681-4249d84dcddf", "label": "ir.saratogainvestmentcorp.com", "score": 14.624332428, "published": false}], "size": 8, "snippet": "means, for any Eligible Loan Asset as of any date of determination, an amount equal to the product of (A) the Applicable Advance Rate for such Eligible Loan Asset as of such date times (B) the Adjusted Borrowing Value of such Eligible Loan Asset as of such date.", "snippet_links": [{"key": "eligible-loan-asset", "type": "definition", "offset": [15, 34]}, {"key": "date-of-determination", "type": "definition", "offset": [45, 66]}, {"key": "equal-to", "type": "definition", "offset": [78, 86]}, {"key": "the-product", "type": "definition", "offset": [87, 98]}, {"key": "applicable-advance-rate", "type": "definition", "offset": [110, 133]}, {"key": "adjusted-borrowing-value", "type": "definition", "offset": [193, 217]}], "hash": "5b40d52045e6ad143e500b54a48313e8", "id": 9}, {"samples": [{"hash": "6aqX2bCtMks", "uri": "/contracts/6aqX2bCtMks#borrowing-base-value", "label": "Credit Agreement (Chesapeake Energy Corp)", "score": 33.9445571899, "published": true}, {"hash": "jOuSSR3F8F5", "uri": "/contracts/jOuSSR3F8F5#borrowing-base-value", "label": "Credit Agreement (Southwestern Energy Co)", "score": 33.2765235901, "published": true}, {"hash": "ewk0Kk1IqHW", "uri": "/contracts/ewk0Kk1IqHW#borrowing-base-value", "label": "Credit Agreement (Southwestern Energy Co)", "score": 32.4360046387, "published": true}], "size": 7, "snippet": "means, with respect to any Borrowing Base Property, the value attributed thereto and allocated to such Borrowing Base Property in the then current Borrowing Base (as determined by the Administrative Agent in its sole discretion, which determination may be made in consultation with the Lenders or the Required Lenders, as applicable).", "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [7, 22]}, {"key": "borrowing-base-property", "type": "definition", "offset": [27, 50]}, {"key": "the-value", "type": "clause", "offset": [52, 61]}, {"key": "allocated-to", "type": "definition", "offset": [85, 97]}, {"key": "current-borrowing", "type": "clause", "offset": [139, 156]}, {"key": "the-administrative-agent", "type": "definition", "offset": [180, 204]}, {"key": "sole-discretion", "type": "definition", "offset": [212, 227]}, {"key": "in-consultation-with", "type": "definition", "offset": [261, 281]}, {"key": "the-lenders", "type": "clause", "offset": [282, 293]}, {"key": "the-required-lenders", "type": "clause", "offset": [297, 317]}], "hash": "e345a6d37e4e60b08b0f10c7a3999ae2", "id": 10}], "next_curs": "CmESW2oVc35sYXdpbnNpZGVyY29udHJhY3Rzcj0LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIdYm9ycm93aW5nLWJhc2UtdmFsdWUjMDAwMDAwMGEMogECZW4YACAA", "definition": {"size": 466, "title": "Borrowing Base Value", "snippet": "means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.", "id": "borrowing-base-value", "examples": ["The Administrative Agent shall provide the Lenders with notice promptly after the addition or deletion of an Eligible Property or Eligible Mortgage Receivable from the <strong>Borrowing Base Value</strong>."], "related": [["borrowing-base-amount", "Borrowing Base Amount", "Borrowing Base Amount"], ["borrowing-base", "Borrowing Base", "Borrowing Base"], ["borrowing-base-availability", "Borrowing Base Availability", "Borrowing Base Availability"], ["borrowing-base-assets", "Borrowing Base Assets", "Borrowing Base Assets"], ["us-borrowing-base", "U.S. Borrowing Base", "U.S. Borrowing Base"]], "related_snippets": [], "updated": "2026-03-14T06:33:37+00:00"}, "json": true, "cursor": ""}}