Borrowing Base Assets means a collective reference to all Borrowing Base Assets in existence at any given time.
Canadian Borrowing Base means, at any time, an amount in Dollars equal to:
Domestic Borrowing Base means, at any time of calculation, an amount equal to:
U.S. Borrowing Base means, as of any date of determination, the result of:
Foreign Borrowing Base means, as of any date, an amount equal to:
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.
Tranche A Borrowing Base means, at any time of calculation, an amount equal to:
Borrowing Base Amount means, as of any date, an amount equal to the sum of:
Canadian Borrowers has the meaning specified in the preamble to this Agreement.
Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).
Borrowing Base means, at any time of calculation, an amount equal to:
Canadian Borrowing means a Borrowing of Canadian Loans.
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.
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.
Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.
Canadian Borrower as defined in the preamble hereto.
Canadian Availability means, as of any date of determination, the amount (if any) by which (a) Canadian Available Credit, exceeds (b) the sum of the aggregate Dollar Equivalent of (i) Revolver Credit Advances made to the Canadian Borrowers plus (ii) the Canadian Borrowers’ Letter of Credit Obligations (other than the Canadian Borrowers’ Letter of Credit Obligations cash collateralized in accordance with the terms of the Loan Documents).
Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.
Borrowing Base Properties means the Oil and Gas Properties of the Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.
Canadian Loan Parties means the Canadian Borrower and the Canadian Guarantors.
Canadian Base Rate means, at any time, the annual rate of interest equal to the greater of (a) the annual rate from time to time publicly announced by Agent (or a bank that is listed on Schedule 1 of the Bank Act (Canada) acceptable to Agent) as its prime rate in effect for determining interest rates on Canadian Dollar denominated commercial loans made in Canada and (b) the annual rate of interest equal to the sum of the 30-day BA Rate at such time plus 1% percent per annum.
UK Borrowers shall have the meaning assigned to such term in the preamble hereto.
Canadian Loan Party means any Loan Party organized under the laws of Canada or any province or territory thereof.
U.S. Borrowers have the meanings specified in the preamble to this Agreement.
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.
Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.