Examples of Revolver A Borrowing in a sentence
Borrowings and Advances are also distinguished by "Class." The "Class" of a Borrowing or an Advance refers to the determination whether such Borrowing or Advance is a Revolver A Borrowing or a Revolver B Borrowing or a Revolver A Advance or a Revolver B Advance, as applicable.
For purposes of computing interest and Fees and determining Borrowing Availability (Revolver A), Borrowing Availability (Revolver B), Net Borrowing Availability (Revolver A), Net Borrowing Availability (Revolver B) or Net Borrowing Availability (Acquisition Loan) as of any date, all payments shall be deemed received on the day of receipt of immediately available funds therefor by the Revolver Agent prior to 2:00 p.m. New York time.
Maintain all Loans and Letter of Credit Obligations in compliance with the then current Borrowing Base and Revolver A Borrowing Base (it being understood that the Borrower has the right to cure any non-compliance with this covenant by making a prepayment under Section 2.05(c)(i) within 1 Business Day after such non-compliance).
The definition of the term Revolver A Borrowing Base in Section 1.1 of the Loan Agreement is amended by deleting the phrase “Inventory Reserves” in clause (iii)(y) therein and substituting in lieu thereof the phrase “Additional Reserves”.
The Lenders shall have received a borrowing base certificate setting forth the Borrowing Base and the Revolver A Borrowing Base, each of which includes a roll forward of production volumes and update of the NYMEX Strip Price from the Initial Reserve Report, together with a detailed breakdown of each oil and gas well setting forth whether such well is subject to a Mortgage or the Production Payment 2001 Lien.
The Borrower shall immediately prepay the Revolving A Loans at any time when the aggregate principal amount of all Revolving A Loans plus the outstanding amount of all Letter of Credit Obligations exceeds the lesser of (A) the Revolver A Borrowing Base and (B) the Total Revolving A Commitment, to the full extent of any such excess.
Borrowings also may be classified and referred to by Class (e.g., a "Revolver A Borrowing" or a "Revolver B Borrowing") or by Type (e.g., a "Eurodollar Borrowing") or by Class and Type (e.g., a "Eurodollar Revolver A Borrowing" or a "Eurodollar Revolver B Borrowing").
On each day that any Revolving A Loans or Letter of Credit Obligations are outstanding, the Borrower shall hereby be deemed to represent and warrant to the Agents and the Revolving A Lenders that the Revolver A Borrowing Base then in effect equals or exceeds the aggregate principal amount of all Revolving A Loans and Letter of Credit Obligations outstanding on such day.