Adjusted Borrowing Base definition

Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Portfolio Investments held by the Obligors (provided that Cash Collateral for outstanding Letters of Credit shall not be treated as a portion of the Portfolio Investments).

Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Portfolio Investments held by the Obligors.

Examples of Adjusted Borrowing Base in a sentence

• For purposes of the Borrowing Base Compliance Certificate(including calculation of the amount of the Borrowing Base in effect as of the end of the applicable reporting period) required to be delivered for the fiscal quarter ended June 30, 2020, the reference to “Borrowing Base” therein and in S ection 6.01(c)(iv) of the Credit Agreement shall be deemed to refer to the Adjusted Borrowing Base.

• After the Effective Date, the Borrower will not permit the aggregate Value of the Eligible Portfolio Investments that can be converted to Cash in fewer than 10 Business Days without more than a 5% change in price to be less than 10% of the Covered Debt Amount for more than 30 Business Days during any period when the Adjusted Covered Debt Balance is greater than 90% of the Adjusted Borrowing Base.

• After the Restatement Effective Date, the Borrower will not permit the aggregate Value of the Eligible Portfolio Investments that can be converted to Cash in fewer than 10 Business Days without more than a 5% change in price to be less than 10% of the Covered Debt Amount for more than 30 Business Days during any period when the Adjusted Covered Debt Balance is greater than 90% of the Adjusted Borrowing Base.

• The Eligible Accounts used in computing the Base Borrowing Base and Adjusted Borrowing Base then in effect remain "Eligible Accounts" as of the date hereof to the extent required to comply with condition (d) below.

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More Definitions of Adjusted Borrowing Base

Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents (other than Cash Collateral for outstanding Letters of Credit) included in the Portfolio Investments held by the Obligors.

Adjusted Borrowing Base means the Borrowing Base as set forth in the most recent Borrowing Base Certification Report minus the aggregate amount of Cash and Cash Equivalents included in such Borrowing Base.

Adjusted Borrowing Base means the excess, if any, of (a) the Borrowing Base over (b) Outside Debt.

Adjusted Borrowing Base means, at any time of determination, an amount equal to (x) the Borrowing Base most recently delivered to the Lender minus (y) the aggregate Other Unsecured Indebtedness outstanding on such date.

Adjusted Borrowing Base means, as of any date of determination, the result of (a) the Borrowing Base then in effect, less (b) the amount of credit availability created by clause (b) of the definition of Borrowing Base.

Adjusted Borrowing Base means, on any date, the product of

Adjusted Borrowing Base means the Borrowing Base plus the face amount of all outstanding Letters of Credit.