CBL » Topics » Borrowing Base Value

This excerpt taken from the CBL 8-K filed Nov 5, 2009.
Borrowing Base Value" means, with respect to a Borrowing Base Property, an amount equal to the lesser of (a) (i) during the Initial Benchmark Period, one hundred ten percent (110%) of the Appraised Value of such Borrowing Base Property, (ii) during the Second Benchmark Period, ninety-five percent (95%) of the Appraised Value of such Borrowing Base Property, or (iii) during the Third Benchmark period, seventy percent (70%) of the Appraised Value of such Borrowing Base property, and (b) the Permanent Loan Estimate of such Borrowing Base Property.

 
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This excerpt taken from the CBL 8-K filed Sep 30, 2009.
Borrowing Base Value" means, with respect to a Borrowing Base Property, an amount equal to the lesser of (a) sixty-nine and six-tenths percent (69.6%) of the Appraised Value of such Borrowing Base Property and (b) the Permanent Loan Estimate of such Borrowing Base Property.

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EXCERPTS ON THIS PAGE:

8-K
Nov 5, 2009
8-K
Sep 30, 2009
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