Tranche A Borrowing Base Amount definition

Tranche A Borrowing Base Amount means, in relation to any Calculation Period or any day falling in that Calculation Period, the amount (in dollars) reflected in each Projection which is the lowest of A, B and C where:
Sample 1
Tranche A Borrowing Base Amount means, as of any date of determination, the sum of the products of the value of each Tranche A Borrowing Base Asset (determined in accordance with the applicable Valuation Methodology) multiplied by the applicable Advance Rate, which products shall not exceed the applicable Maximum Borrowing Base Sublimits as of such date, as set forth in Section 2.01, and which sum shall not exceed the Tranche A Total Commitment as of such date.
Sample 1
Tranche A Borrowing Base Amount means, as of any date of determination, the lesser of (a) the value of Tranche A Eligible Collateral (determined in accordance with the applicable Valuation Methodology) multiplied by the applicable Advance Rate and (b) the Tranche A Commitment as of such date.
Sample 1

Examples of Tranche A Borrowing Base Amount in a sentence

  • Equal educational opportunities at all levels for persons with disabilities should be ensured.

  • Should the Tranche A Exposure exceed the Tranche A Borrowing Base Amount or the Tranche A Total Commitment at any time, the Borrowers shall within one (1) Business Day repay the Tranche A Revolving Loans in the amount of such deficiency.

  • Where a complaint is considered by the Council and is upheld this will also be treated as a conviction for the purpose of this guidance.

Related to Tranche A Borrowing Base Amount

  • 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:

  • 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.

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Domestic Borrowing Base means, at any time of calculation, 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.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • 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.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Borrowing Base means, at any time of calculation, an amount equal to:

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Tranche A Facility means the aggregate of the Tranche A Commitments.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Aggregate Revolving Credit Exposure means the aggregate amount of the Lenders’ Revolving Credit Exposures.

  • Aggregate Revolving Credit Outstandings shall have the meaning provided in Section 5.2(b).

  • Aggregate Revolving Committed Amount means the aggregate amount of Revolving Commitments in effect from time to time, being initially ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000).

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Tranche A Lenders means First Union National Bank and shall include the several banks and other financial institutions from time to time party to the Credit Agreement that commit to make the Tranche A Loans.

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.