Maximum Borrowing Base definition

Maximum Borrowing Base shall have the meaning assigned to such term in Section 1.3 of this Agreement.
Maximum Borrowing Base means the difference between (i) Pool GAV divided by 1.70, and (ii) Unsecured Liabilities (excluding the outstanding principal balance of the Loans and the Reimbursement Obligation), all as more particularly set forth on Line 14 of the Compliance Certificate
Maximum Borrowing Base. Pool", "Pool GAV", "Revolver Period", "Stabilized Properties", and "Total Liabilities" , and by inserting in lieu thereof the following definitions:

Examples of Maximum Borrowing Base in a sentence

  • Planning Commission Transfers While the FC decides on tax shares and makes grants, for six decades, a completely separate body, the Planning Commission (PC), made grants and loans (in the ratio 30:70 for the major states)12 for implementing development plans.

  • If the costs of such remediation and/or cure exceed $500,000 for any single Property, such estimated costs shall be subtracted from the Maximum Borrowing Base until such time as Credit Parties have remediated and/or cured (and have provided evidence satisfactory to Agent of such remediation and cure) such violation in accordance with Applicable Environmental Laws.

  • The Borrowers hereby grant to Administrative Agent, for the benefit of each of the Lenders, a security interest in all cash collateral pledged pursuant to this Section 5.7.2 [Maximum Borrowing Base Exceeded].

  • Borrowers shall set forth on each Borrowing Base Certificate delivered under Section 6.1(c) hereof their collective Maximum Borrowing Base (including all such detail, computations and information as the Agent or any Lender may reasonably deem appropriate).

  • Pursuant to Section 6.1(l) of the Credit Agreement, Borrowers shall provide to Agent a Compliance Certificate and a Borrowing Base Certificate, for the most recent period in reasonable detail, accurate and complete in all material respects, useable in determination of the Maximum Borrowing Base.


More Definitions of Maximum Borrowing Base

Maximum Borrowing Base means, with respect to all Borrowers at any time, the amount calculated as the sum of the following:
Maximum Borrowing Base means the lesser of either (i) the Maximum Revolving Commitment or (ii) the Borrowing Base.
Maximum Borrowing Base means the maximum Borrowing Base in effect under this Agreement during the period commencing on April 1, 1999, and continuing until the Termination Date. The Maximum Borrowing Base shall be initially, the amount of Borrowing Base in effect on March 31, 1999; provided that such amount shall reduce on June 30, 1999 and on the last day of each March, June, September and December thereafter until the Termination Date by an amount equal to one twelfth (1/12) of the Borrowing Base in effect on March 31, 1999.
Maximum Borrowing Base means, as of any date of determination, the sum of (a) *** of the then Aggregate Adjusted Borrowing Value, plus (b) the Balance in the Engine Acquisition Account on such date, plus (c) the Balance in the Senior Restricted Cash Account on such date plus (d) the Balance in the Junior Restricted Cash Account on such date minus *** of the Borrowing Base Adjustment Amount as of such date.
Maximum Borrowing Base. At any time, an amount equal to the sum of (A) the difference between (i) the excess of (x) Aggregate Outstanding Loan Balance over (y) the Aggregate Excess Concentration Amount and (ii) the greater of (a) the Minimum Equity Amount and (b) the aggregate Outstanding Loan Balances of Eligible Loans of the five largest Obligors, plus (B) the amount on deposit (and not including any Excluded Amounts and any amounts on deposit in the Revolving Collections Account) in the Principal Collections Account received in reduction of the Outstanding Loan Balance of any Loan owned by the Borrower; provided that during the Amortization Period, the Maximum Borrowing Base shall be equal to the Advances Outstanding.”
Maximum Borrowing Base means $4,000,000 reduced monthly on the 15th day of each calendar month by an amount equal to $133,333.00, commencing December 15, 1997.
Maximum Borrowing Base shall have the meaning assigned to such term in Section 3 of Article I of this Agreement.