Examples of U.S. Borrowing Base in a sentence

Whenever the US Revolving Facility Usage exceeds the US Borrowing Base, or the Canadian Revolving Facility Usage exceeds the Canadian Borrowing Base, the applicable Borrowers shall make, within one (1) Business Day after any Borrower learns of such excess and whether or not the Administrative Agent has given notice to such effect, a mandatory prepayment of principal to be applied to the Revolving Credit Loans equal to the excess, together with accrued interest on such principal amount.

More Definitions of U.S. Borrowing Base

U.S. Borrowing Base means, at any time, an amount in Dollars equal to:

U.S. Borrowing Base means at any time an amount equal to the sum of, without duplication:

U.S. Borrowing Base means, as of any date of determination, from time to time, as to the U.S. Borrowers, an amount equal to the sum at such time of:

U.S. Borrowing Base means, as of any date of determination thereof, an amount equal to the sum of:

U.S. Borrowing Base means, as of any date of calculation, the amount calculated consistent with the Borrowing Base Certificate most recently delivered to the Administrative Agent hereunder equal to, without duplication, the sum of:

U.S. Borrowing Base means, as of any date of determination by Agent, from time to time, an amount equal to the sum at such time of:

U.S. Borrowing Base means, at any time, as to US Borrowers, the amount equal to: