Available Borrowing Base means, at the particular time in question, the Borrowing Base amount then in effect minus the Effective Amount at such time.
Available Borrowing Base means, at any time, the Borrowing Base then in effect minus the Total Term Loan Exposures at such time minus the aggregate principal amount of all Permitted Pari Term Loan Debt outstanding at such time.
Available Borrowing Base means, at any time of determination, the remainder of (a) the Facility Limit minus (b) the Total Outstandings.
Examples of Available Borrowing Base in a sentence
From and after the Sixth Amendment Effective Date, the Borrowing Base shall be, and hereby is, equal to the amount of $4,050,000,000 and the Available Borrowing Base shall be, and hereby is, equal to the amount of $3,550,000,000, which Borrowing Base and Available Borrowing Base shall remain in effect until the next Scheduled Redetermination, Interim Redetermination or the Borrowing Base is otherwise redetermined or adjusted in accordance with the Credit Agreement.
More Definitions of Available Borrowing Base
Available Borrowing Base means, as of any time it is to be determined, the difference between (a) the Borrowing Base and (b) all Hedging Liability then outstanding and the Letter of Credit Usage.
Available Borrowing Base has the meaning given in Appendix 2.
Available Borrowing Base means, at the particular time in question, the Borrowing Base (as defined in the First Lien Credit Agreement) in effect at such time minus the applicable Effective Amount (as defined in the First Lien Credit Agreement) at such time.
Available Borrowing Base at any time means the Borrowing Base at such time less the aggregate principal balance of Permitted Pari Term Loan Debt outstanding at such time.
Available Borrowing Base means the Total Borrowing Base minus the Existing Debt.
Available Borrowing Base means, at the particular time in question, the lesser of (a) the Borrowing Base then in effect minus the aggregate amount of Additional Senior Indebtedness outstanding at such time, and (b) the Maximum Loan Amount.
Available Borrowing Base means the then effective Borrowing Base minus the aggregate outstanding principal amount of all Borrowing Base Debt.