New Borrowing Base Asset means any Petroleum Asset not listed in Schedule 4 (Initial Borrowing Base Assets) and that has been designated as such in accordance with Clause 6 (Projections).
Borrowing Base Assets means a collective reference to all Borrowing Base Assets in existence at any given time.
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 Base Amount means, as of any date, an amount equal to the sum of:
New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).
Borrowing Base Property means any one of the Borrowing Base Properties.
Domestic Borrowing Base means, at any time of calculation, an amount equal to:
Foreign Borrowing Base means, as of any date, an amount equal to:
Borrowing Base means, at any time of calculation, an amount equal to:
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.
U.S. Borrowing Base means, as of any date of determination, the result 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.
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 Test means as of any date, a determination that (a) the lesser of (i) the Borrowing Base and (ii) the Facility Amount shall be equal to or greater than (b) the Advances Outstanding.
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 Report means a Borrowing Base Report for the Borrower signed by an Authorized Signatory of the Borrower and in substantially the form of Exhibit D attached hereto.
Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).
Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.
Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.
Borrowing Base Certificate means a certificate, signed and certified as accurate and complete by a Financial Officer of the Borrower Representative, in substantially the form of Exhibit H or another form which is acceptable to the Administrative Agent in its sole discretion.
Collateral Pool means the aggregate total of the Collateral.
Proposed Borrowing Base Notice has the meaning assigned to such term in Section 2.07(c)(ii).
Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.
Term Loan Priority Collateral as defined in the Intercreditor Agreement.
Initial Borrowing means the first Borrowing made pursuant to this Agreement.
newly rateable property means any rateable property on which property rates were not levied before the end of the financial year preceding the date on which this Act took effect, excluding –