Eligible Borrowing Base Real Property means any real property of a Borrower; provided that Eligible Borrowing Base Real Property shall not include any real property unless:
Borrowing Base means, at any time of calculation, an amount equal to:
New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).
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.
Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).
Proposed Borrowing Base Notice has the meaning assigned to such term in Section 2.07(c)(ii).
Borrowing Base Deficiency means, at any date on which the same is determined, the amount, if any, that (a) the aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.
Eligible Assets means the instruments in which the Fund may invest as described in Exhibit B to this Agreement, which may be amended from time to time with the prior written consent of the Purchaser.