Borrowing Base Company definition

Borrowing Base Company means each Company listed in Schedule 3 hereto, and each additional Company that shall become a Borrowing Base Company pursuant to Section 2.15 hereof.

Borrowing Base Company means a U.S. Borrowing Base Company, a Canadian Borrowing Base Company, a UK Borrowing Base Company or a Dutch Borrowing Base Company.

Borrowing Base Company means each Company listed on Schedule 1.2 hereto, and each additional Company that shall become a Borrowing Base Company pursuant to Section 2.13 hereof.

Examples of Borrowing Base Company in a sentence

• The Loan Parties shall (a) provide written notice to the Agent, within ten (10) Business Days, of any material damage to, the destruction of or any other material loss to any Inventory located in the United States owned by any U.S. Borrowing Base Company other than any such Inventory with a net book value (individually or in the aggregate) less than $1,000,000 (a “Casualty Loss”), and (b) diligently file and prosecute its claim for any award or payment in connection with a Casualty Loss.

• As to each item of Inventory that is identified by any U.S. Borrowing Base Company as Eligible Inventory in a Borrowing Base Certificate submitted to the Agent, such Inventory is (i) of good and merchantable quality, free from known defects, and (ii) not excluded as ineligible by virtue of one or more of the excluding criteria (other than any Agent-discretionary criteria) set forth in the definition of Eligible Inventory.

• Xxxxx Eligible Account Receivable” means an Account that is an account receivable (i.e., each specific invoice) of X.X. Xxxxx that would, if X.X. Xxxxx was a Borrowing Base Company, meet the requirements of an Eligible Account Receivable, as determined by Agent in its reasonable discretion.

• All checks, drafts, instruments and other items of payment or Proceeds of Collateral shall be endorsed by the applicable Borrowing Base Company to Agent, and, if that endorsement of any such item shall not be made for any reason, Agent is hereby irrevocably authorized to endorse the same on such Borrowing Base Company's behalf.

• Such report shall reflect the activity of each Borrowing Base Company with respect to Accounts for the immediately preceding week, and shall be in a form and with such specificity as is satisfactory to Agent and shall contain such additional information concerning Accounts and Inventory as may be requested by Agent including, without limitation, but only if specifically requested by Agent, copies of all invoices prepared in connection with such Accounts.

More Definitions of Borrowing Base Company

Borrowing Base Company means a U.S. Borrowing Base Company or a Canadian Borrowing Base Company.

Borrowing Base Company means the Borrower, Dialogic US, Dialogic Ireland and Cantata.

Borrowing Base Company means any of Pacific, Industrial, Atlantic, U.S. ---------------------- Realty and Homestead.

Borrowing Base Company means, U.S. Borrowers, the Canadian Borrower and/or Mexican Guarantor, as the context requires.

Borrowing Base Company means each of Borrower, Telxon Canada and Telxon U.K.; PROVIDED, that neither Telxon Canada nor Telxon U.K. shall be a Borrowing Base Company until Agent so notifies Borrower and the Revolving/Term Lenders pursuant to SECTION 2.1(M) that Telxon Canada and/or Telxon U.K. will be Borrowing Base Companies.

Borrowing Base Company means each of Borrower and WCP.

Borrowing Base Company means each of Cantar U.S. and each wholly owned domestic Subsidiary of Cantar U.S. that is acquired in connection with a Permitted Acquisition or that acquires assets in connection with a Permitted Acquisition so long as Agent has completed a collateral audit of such Subsidiary and is satisfied with the results thereof, such Subsidiary guaranties all of the Liabilities of the Companies, such guaranty is secured by a first priority perfected security interest and lien on all of the property of such Subsidiary pursuant to agreements, instruments and documents in form and substance satisfactory to Agent, and such Subsidiary becomes a party to this Agreement pursuant to an Addition Agreement.