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.
Borrowing Base Availability as of any date, the lesser of (a) the Commitments minus the Outstanding Amount and (b) the excess, if positive, of the Borrowing Base calculated in the most recently delivered Borrowing Base Certificate minus the Borrowing Base Debt on such date.
Borrowing Base Availability at any time, an amount equal to the Aggregate Borrowing Base Amount at such time minus the Total Working Capital Facility Extensions of Credit at such time minus the Total Acquisition Facility Working Capital Extensions of Credit.
Examples of Borrowing Base Availability in a sentence
In no event shall the Borrowing Base, Availability, U.S. Availability or Canadian Availability on any date be deemed to exceed the amounts shown on the Borrowing Base Certificate last received by Agent prior to such date, as the calculation in such Borrowing Base Certificate may be adjusted from time to time by Agent as herein authorized.
More Definitions of Borrowing Base Availability
Borrowing Base Availability as to any Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Commitment Percentage of the Borrowing Base in effect at such time over (b) such Lender’s Aggregate Credit Exposure.
Borrowing Base Availability means, at any time, an amount (if positive) equal to (a) the Borrowing Base minus (b) the sum of (i) the aggregate outstanding principal amount of the Line of Credit Loans, (ii) the aggregate outstanding amount of the LC Obligations and (iii) the aggregate outstanding principal amount of the Swing Line Loans.
Borrowing Base Availability means, as of any date, the lesser of (a)(i) the Aggregate Commitment minus (ii) the Outstanding Amount on such date and (b)(i) the Borrowing Base calculated in the Borrowing Base Certificate or Pro Forma Borrowing Base Certificate most recently delivered hereunder minus (ii) the Borrowing Base Debt on such date.
Borrowing Base Availability means the excess, if any, of the Borrowing Base over the sum of the Revolving Advances and the Letter of Credit Exposure.
Borrowing Base Availability means at any time the sum (without duplication) of the following assets that are (w) wholly-owned in fee simple absolute by Borrower or a Wholly-Owned Subsidiary of Borrower that is a Guarantor, (x) not subject to any ground lease, Lien, Negative Pledge, or other encumbrance or restriction on the ability of the applicable owner to dispose of, pledge or otherwise encumber such asset or any income therefrom (other than Liens permitted by Section 7.01), (y) not subject to any title, survey, environmental or other defects and (z) not part of a multifamily residential condominium project having four or more floors or twenty-five or more Housing Units:
Borrowing Base Availability means, as adjusted from time to time pursuant to the terms hereof, the lesser of (a) an amount equal to (i) sixty percent (60%) of the Unencumbered Pool Value less (ii) any Unsecured Debt of the Consolidated Group (excluding any amount due under this Agreement); or (b) the Unencumbered Mortgageability Amount.
Borrowing Base Availability means, as of any date, the sum of (a) the Borrowing Base minus (b) all Senior Unsecured Debt (other than under this Agreement).