CA Borrowing Base means an amount equal to the sum of (a) 85% of the Eligible Accounts of the CA Borrower, plus (b) the lesser of 50% of the Eligible Inventory of the CA Borrower and $2,500,000.00, minus the Priority Payables of the CA Borrower.
U.S. Borrowing Base means, as of any date of determination, the result of:
Domestic Borrowing Base means, at any time of calculation, an amount equal to:
Canadian Borrowing Base means, at any time, an amount in Dollars equal to:
Tranche A Borrowing Base means, at any time of calculation, an amount equal to:
Borrowing Base means, at any time of calculation, an amount equal to:
Foreign Borrowing Base means, as of any date, an amount equal to:
Aggregate Borrowing Base means as of any date of determination, an amount equal to (i) the sum of the SMP Borrowing Base and the SI Borrowing Base; less (ii) any Reserves except to the extent already deducted therefrom.
Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.
Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).
Borrowing Base Value 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.
Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.
Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.
Borrowing Base Amount means, as of any date, an amount equal to the sum of:
Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.
Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans of the same Class.
Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.
Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.
New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).
Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.
Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.
Revolving Availability means, at the time of determination, (a) the sum of all Revolving Commitments at such time less (b) the sum of (i) the principal amount of Revolving Loans and Swing Loans made and outstanding at such time and (ii) the LC Outstandings at such time.
ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.
Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.
Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).
Canadian Borrowing means a Borrowing of Canadian Loans.
Total Borrowings means, in respect of the Corporation on a consolidated basis, as of a given date, the aggregate of the following, without duplication: