Common use of MODUS OPERANDI Clause in Contracts

MODUS OPERANDI. The aggregate amount available for any Accommodation under the Facility at any time shall be the lower of the (i) Facility Maximum Amount (as reduced from time to time by Accommodations disbursed or to be disbursed hereunder) and the (ii) Borrowing Base Available Amount (as defined below). The borrowing base available amount (the "Borrowing Base Available Amount") shall be equal to the aggregate expressed in US Dollars equivalent of the following assets:

Appears in 1 contract

Sources: Uncommitted Secured and Storage Borrowing Base Facility Agreement (Aegean Marine Petroleum Network Inc.)

MODUS OPERANDI. The aggregate amount available for any Accommodation under the Facility at any time shall be the lower of the (i) Facility Maximum Amount (as reduced from time to time by Accommodations disbursed or to be disbursed hereunder) and the (ii) Borrowing Base Available Amount (as defined below). ) The borrowing base available amount (the "Borrowing Base Available Amount") shall be equal to the aggregate expressed in US Dollars equivalent of the following assets:

Appears in 1 contract

Sources: Uncommitted Demand Trade Finance Borrowing Base Facility Agreement (Aegean Marine Petroleum Network Inc.)