Borrowing Base Usage means, as of any date and for all purposes, the quotient, expressed as a percentage, of (i) the Aggregate Credit Exposure as of such date, divided by (ii) the Borrowing Base as of such date.
Borrowing Base Usage means, as of any date and for all purposes, the quotient, expressed as a percentage, of (i) the Combined Credit Exposure as of such date, divided by (ii) the Borrowing Base as of such date.
Borrowing Base Usage on any day means the percentage equivalent of the ratio of (i) the sum of the aggregate principal amount of the Loans then outstanding and Letter of Credit Outstandings on such day to (ii) the Borrowing Base in effect on such day.
Examples of Borrowing Base Usage in a sentence
The acidity of 1 was also calculated using the two mentioned methods, and the results showed that the enthalpy values were almost the same (Table 1).
APPLICABLE MARGIN- means, on any day, the basis points set out below, determined based upon the type of Loan and the Borrowing Base Usage on any such day: BORROWING BASE USAGE less than 40%40% less than 60%60% less than 80%80% Eurodollar Loans 150 basis points 175 basis points 200 basis points 225 basis pointsABR Loans25 basis points50 basis points75 basis points100 basis points ASSIGNMENT- has the meaning given that term in SECTION 10.10.
More Definitions of Borrowing Base Usage
Borrowing Base Usage as defined under the definition of Applicable Margin.
Borrowing Base Usage on any day means the percentage equivalent to the ratio of (i) the sum of the aggregate principal amount of the Loans then outstanding and Letter of Credit Outstandings on such day to (ii) the Borrowing Base in effect on such day.
Borrowing Base Usage means on any date the percentage, at the close of business on such day, equivalent to the Revolving Loan Outstandings divided by the Borrowing Base.
Borrowing Base Usage means, as of any date and for all purposes, the quotient, expressed as a percentage, of (a) the sum of (i) the Aggregate Credit Exposure as of such date minus (ii) unless an Event of Default has occurred and is continuing, the aggregate amount of cash on deposit in the Cash Collateral Account as of such date as a result of the existence of any Defaulting Lender, divided by (b) the Borrowing Base as of such date.
Borrowing Base Usage means, as of any date, the percentage of the Borrowing Base then in effect represented by the sum of (i) the aggregate principal amount of all Loans then outstanding under the Agreement, plus (ii) the aggregate face amount of all Facility LCs then outstanding under the Agreement.
Borrowing Base Usage means at any time the quotient, expressed as a percentage, of (a) the aggregate Outstanding Obligations at such time, divided by (b) the Borrowing Base in effect at such time.
Borrowing Base Usage means (a) the sum of (i) the outstanding Revolver Loans and all accrued but unpaid interest and fees plus (ii) the L/C Exposure divided by (b) the Borrowing Base then in effect.