Borrowing Base Amount definition

Borrowing Base Amount means:

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

Borrowing Base Amount means, at any date of determination, the sum of:

Examples of Borrowing Base Amount in a sentence

• The borrowing availability under the Revolving Loan was the lesser of the Revolving Loan Commitment or the Borrowing Base Amount.

• Express Grain was required to provide UMB periodically with a “Borrowing Base Certificate” certifying as true and complete by the president and controller of the Borrowers, the Borrowing Base Amount and each of its components.

• The Borrowing Base Amount was calculated pursuant to a formula set forth in the Loan Agreement.

• To cure this violation, the Company stated that it expected that it would satisfy the Borrowing Base Amount requirement upon the closing of the offering of the 4.25% Convertible Senior Unsecured Notes due 2021.

• For the avoidance of doubt, upon a release pursuant to a Release Transaction of the type contemplated in either clause (i)(A) or (i)(B) above, all Borrowing Base Properties owned, directly or indirectly, by the applicable Subsidiary Guarantor shall be removed from the calculation of the Borrowing Base Amount and Borrowing Base Coverage Amount.

More Definitions of Borrowing Base Amount

Borrowing Base Amount means, with respect to the Borrower, an amount equal to the sum, without duplication, of the following;

Borrowing Base Amount means, on any date of determination, the Outstanding Receivables Balance of all Eligible Receivables (other than any Eligible Receivables that would cause the Concentration Limits to be exceeded).

Borrowing Base Amount means for any date, an amount equal to the lesser of: (i) sixty-five percent (65%) of the aggregate Total Collateral Value of the Borrowing Base Assets and (ii) the aggregate Mortgageability Amount of the Borrowing Base Assets.

Borrowing Base Amount means, if the Reserve Amount has not been fully collected by Lender as of the date the Borrowing Base Amount is calculated, then an amount, expressed in Dollars, equal to eighty percent (80%) of the amount of funds then available in the Lock Box Account as of the date the Borrowing Base Amount is calculated, less the Reserve Amount, less any interest or fees then due and payable to Lender under this Agreement. If the Reserve Amount has been fully collected by Lender in the Lock Box Account as of the date the Borrowing Base Amount is calculated, then an amount, expressed in Dollars, equal to one hundred percent (100%) of the amount of funds then available in the Lock Box Account as of the date the Borrowing Base Amount is calculated, less the Reserve Amount, less any principal, interest or fees then due and payable to Lender under this Agreement.

Borrowing Base Amount means, as to the Company and its Restricted Subsidiaries, the sum of (x) 65% of the gross value of Inventory plus (y) 85% of the gross value of Receivables, in each case, determined on a consolidated basis in accordance with GAAP, as reflected in the most recent quarterly consolidated financial statements delivered pursuant to Section 4.7.

Borrowing Base Amount means an amount, expressed in Dollars, equal to eighty percent (80%) of the amount of the Eligible Accounts and subject to adjustment by Lender, in Lender’s sole discretion.

Borrowing Base Amount means the sum of the Adjusted Tangible Net Worth of the Borrower, plus all Subordinated Debt of the Borrower.