Common use of Borrowing Base Clause in Contracts

Borrowing Base. Agent shall have received evidence from Borrower that the aggregate amount of Eligible Receivables is sufficient in value and amount to support Advances in the amount requested by Borrower on the Closing Date;

Appears in 5 contracts

Samples: Security Agreement (Research Pharmaceutical Services, Inc.), Security Agreement (Apac Customer Service Inc), Security Agreement (Research Pharmaceutical Services, Inc.)

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Borrowing Base. Agent shall have received evidence from Borrower the Loan Parties that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower the Loan Parties on the Closing Amendment and Restatement Date;

Appears in 4 contracts

Samples: Credit and Security Agreement (Quantum Corp /De/), Credit and Security Agreement (Quantum Corp /De/), Revolving Credit and Security Agreement (Quantum Corp /De/)

Borrowing Base. Agent and each Lender shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;

Appears in 3 contracts

Samples: Security Agreement (Allegheny Technologies Inc), Security Agreement (Allegheny Technologies Inc), Security Agreement (Imco Recycling Inc)

Borrowing Base. Agent shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables Receivables, is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (SMTC Corp), Security Agreement (SMTC Corp)

Borrowing Base. Agent Agents shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables, Eligible Insured Foreign Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;

Appears in 2 contracts

Samples: Security Agreement (A.S.V., LLC), Security Agreement (Manitex International, Inc.)

Borrowing Base. The Agent shall have received evidence from Borrower the Borrowers that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support the Advances in the amount requested by Borrower the Borrowers on the Closing Date;

Appears in 2 contracts

Samples: Security Agreement (Lesco Inc/Oh), Revolving Credit (Radnor Holdings Corp)

Borrowing Base. Agent shall have received reasonable evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables, Eligible Unbilled Receivables and Eligible Inventory is sufficient in value and amount to support Revolving Advances in the amount requested by Borrower Borrowers on the Closing Date;; [Innovex] 2nd A&R Credit Agreement 123

Appears in 2 contracts

Samples: Security Agreement (Dril-Quip Inc), Security Agreement (Innovex Downhole Solutions, Inc.)

Borrowing Base. Agent shall have received received, in form and substance --------------- satisfactory to Agent, evidence from Borrower that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower on the Closing Date;

Appears in 2 contracts

Samples: Security Agreement (Delta Woodside Industries Inc /Sc/), Security Agreement (Delta Mills Inc)

Borrowing Base. Agent shall have received evidence from Borrower Loan Parties that the aggregate amount of Eligible Receivables, Eligible Unbilled Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower Loan Parties on the Closing Date;

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Daseke, Inc.), Revolving Credit and Security Agreement (Daseke, Inc.)

Borrowing Base. Administrative Agent shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;

Appears in 2 contracts

Samples: Security Agreement (Skullcandy, Inc.), Security Agreement (Comforce Corp)

Borrowing Base. Agent shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;; (ee)

Appears in 1 contract

Samples: Security Agreement (Terrace Holdings Inc)

Borrowing Base. Agent shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables, Eligible Equipment and Eligible Unbilled Receivables is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on or as of the Closing Date;

Appears in 1 contract

Samples: Security Agreement (Mammoth Energy Services, Inc.)

Borrowing Base. Agent shall have received evidence from Borrower that the aggregate amount of Eligible Inventory and Eligible Receivables is sufficient in value and amount to support Advances in the amount requested by Borrower on the Closing Date;

Appears in 1 contract

Samples: Security Agreement (Horsehead Holding Corp)

Borrowing Base. Agent shall have received evidence from Borrower Borrowers in the form of a Borrowing Base Certificate that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;

Appears in 1 contract

Samples: Security Agreement (Sypris Solutions Inc)

Borrowing Base. Agent shall have received evidence from Borrower that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Revolving Advances in the amount requested by Borrower on the Closing Date;

Appears in 1 contract

Samples: Security Agreement (Centurion Wireless Technologies Inc)

Borrowing Base. Agent shall have received evidence from Borrower Borrowing Agent that the aggregate amount of Eligible Receivables is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;

Appears in 1 contract

Samples: Security Agreement (Kitty Hawk Inc)

Borrowing Base. Agent shall have received received, in form and substance satisfactory to Agent, evidence from Borrower that the aggregate amount of Eligible Receivables Accounts and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower on the Closing Date;

Appears in 1 contract

Samples: And Security Agreement (Delta Mills Inc)

Borrowing Base. Agent shall have received evidence from Borrower Borrowers -------------- that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Eltrax Systems Inc)

Borrowing Base. Agent shall have received evidence from Borrower satisfactory to Agent that the aggregate amount of Eligible Receivables and Eligible Inventory as of the Closing Date is sufficient in value and amount to support Advances in the amount requested by Borrower on the Closing Date;

Appears in 1 contract

Samples: Revolving Credit And (Swank Inc)

Borrowing Base. Agent shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;

Appears in 1 contract

Samples: Security Agreement (NYTEX Energy Holdings, Inc.)

Borrowing Base. Agent shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Consumer Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;

Appears in 1 contract

Samples: Security Agreement (Valuevision Media Inc)

Borrowing Base. Agent shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables and Eligible Domestic Finished Goods Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;

Appears in 1 contract

Samples: Security Agreement (Fairchild Corp)

Borrowing Base. Agent shall have received evidence from Borrower that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower on the Closing Effective Date;

Appears in 1 contract

Samples: Security Agreement (Fonda Group Inc)

Borrowing Base. Agent shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables and Eligible Xxxxx Receivables is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;

Appears in 1 contract

Samples: Security Agreement (Amrep Corp.)

Borrowing Base. Agent shall have received received, in form and substance satisfactory to Agent in its sole discretion, evidence from Borrower that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower on the Closing Date;

Appears in 1 contract

Samples: Security Agreement (Signal Apparel Company Inc)

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Borrowing Base. Agent shall have received evidence from Borrower that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Revolving Advances and Letters of Credit in the amount requested by Borrower on the Closing Date;

Appears in 1 contract

Samples: Security Agreement (Danskin Inc)

Borrowing Base. Agent shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date and that Borrowers possess sufficient Undrawn Availability on the Closing Date;

Appears in 1 contract

Samples: Revolving Credit (Allied Motion Technologies Inc)

Borrowing Base. Agent shall have received evidence from Borrower --------------- Borrowers that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;

Appears in 1 contract

Samples: Security Agreement (Intelligroup Inc)

Borrowing Base. Agent shall have received evidence from Borrower SunSource that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower Credit Parties on the Closing Date;

Appears in 1 contract

Samples: Security Agreement (Sunsource Inc)

Borrowing Base. Agent shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables Receivables, Eligible Inventory and Eligible Securities is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowing Agent on the Closing Date;; (u)

Appears in 1 contract

Samples: Security Agreement (HMG Worldwide Corp)

Borrowing Base. Agent shall have received evidence from Borrower -------------- Borrowers that the aggregate amount of Eligible Receivables, Eligible Third Party Receivables and Eligible Inventory is sufficient in value and amount to support Revolving Advances in the amount requested by Borrower Borrowers on the Closing Date;

Appears in 1 contract

Samples: Air Methods Corp

Borrowing Base. Agent shall have received evidence from Borrower Loan Parties that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;; (f)

Appears in 1 contract

Samples: Cca Industries Inc

Borrowing Base. Administrative Agent shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Original Closing Date;

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Comforce Corp)

Borrowing Base. Agent shall have received evidence from Borrower that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Revolving Advances in the amount requested by Borrower on the Closing Effective Date;

Appears in 1 contract

Samples: Security Agreement (Fonda Group Inc)

Borrowing Base. Agent shall have received evidence from Borrower Borrowers that the aggregate amount of the Eligible Receivables and Eligible Inventory as of October 31, 2005 is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;

Appears in 1 contract

Samples: Credit and Security Agreement (Compudyne Corp)

Borrowing Base. Agent shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables Receivables, Eligible Inventory and Eligible Real Property is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;

Appears in 1 contract

Samples: Security Agreement (Gencor Industries Inc)

Borrowing Base. Agent shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;

Appears in 1 contract

Samples: Security Agreement (Lesco Inc/Oh)

Borrowing Base. Agent shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower Borrowers on the Closing Date;; and

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Lesco Inc/Oh)

Borrowing Base. Agent shall have received evidence from Borrower the Loan Parties that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower the Loan Parties on the Closing Date;

Appears in 1 contract

Samples: Security Agreement (Quantum Corp /De/)

Borrowing Base. Agent shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables is sufficient in value and amount to support Advances in the amount requested by Borrower Loan Parties on the Closing Date;

Appears in 1 contract

Samples: Credit and Security Agreement (Invacare Corp)

Borrowing Base. Agent shall have received evidence from Borrower Borrowers that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrower on the Closing Date;

Appears in 1 contract

Samples: Security Agreement (Flotek Industries Inc/Cn/)

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