Borrowing Base definition

Borrowing Base means, as of any date of determination, the result of:

Borrowing Base has the meaning set forth in Section 2.1.

Borrowing Base means, at any time of calculation, an amount equal to:

Examples of Borrowing Base in a sentence

• With respect to all of Xxxxxxxx’s Accounts, the amounts shown on all invoices, statements and Borrowing Base Certificates with respect thereto are actually and absolutely owing to Borrower as indicated thereon and are not in any way contingent and Borrower will either deposit to a Borrower’s account at Bank all payments with respect to its Accounts or direct all Account Debtors to make payments with respect to its Accounts to a Borrower’s account at Bank.

• The names of the obligors, amounts owing, due dates and other material information with respect to its Accounts and Chattel Paper constituting Collateral are correctly stated in all material respects in the records of Borrower relating thereto and in all invoices and Borrowing Base Certificates with respect thereto furnished to the Bank by Borrower from time to time.

• Promptly (and in any event within three (3) Business Days) following the delivery of an updated Appraisal of the Eligible Contracts, a completed Borrowing Base Certificate, certified to Bank by an Authorized Officer, setting forth a computation of the Borrowing Base as of the last day of the period covered thereby.

More Definitions of Borrowing Base

Borrowing Base means, as of any date of determination, an amount equal to:

Borrowing Base means at any time an amount equal to the amount determined in accordance with Section 2.07, as the same may be adjusted from time to time pursuant to Section 2.07(e), Section 8.13(c) or Section 9.12(d).

Borrowing Base has the meaning assigned to such term in Section 5.13.

Borrowing Base means, as of any date, an amount equal to:

Borrowing Base means an amount equal to:

Borrowing Base means the sum of:

Borrowing Base is eighty percent (80%) of Eligible Accounts, as determined by Bank from Borrower’s most recent Transaction Report; provided, however, that Bank has the right to decrease the foregoing percentage in its good faith business judgment to mitigate the impact of events, conditions, contingencies, or risks which may adversely affect the Collateral or its value.