Borrowing Base Utilization Percentage

Example Definitions of "Borrowing Base Utilization Percentage"
Borrowing Base Utilization Percentage. As of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the Conforming Borrowing Base in effect on such day.
Found in Diamondback Energy contract
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