Common use of Borrowing Base Calculation Clause in Contracts

Borrowing Base Calculation. The Borrowing Base for the Borrower, as of _________ __, 20__, is as follows: A. Total Value of Acceptable Assets $__________________ of Borrower (“Acceptable Assets”) B. 33-1/3% of Acceptable Assets $__________________ C. “senior securities representing indebtedness” $__________________ (as such term is used in the 1940 Act), other than Loans D. Borrowing Base (line B minus line C) $__________________

Borrowing Base Calculation. The Borrowing Base for the Borrower, as of ___ _______ __, 20___, is as follows: A. Total Value After giving effect to any Requested Advance, total value of Acceptable Assets $__________________ of Borrower (“Acceptable Assets”) B. 33-1/3% of Acceptable Assets $__________________ C. assets minus all liabilities and indebtedness not represented by “senior securities representing indebtednesssecurities” $__________________ (as such term is used in the 1940 Act) (the Borrower’s “Total Asset Value”), other than Loans. $ D. B. 33-1/3% of Total Asset Value (the “Borrowing Base (line B minus line CBase”) $__________________

Borrowing Base Calculation. The Borrowing Base for the Borrower, as of _________ ____, 20___, is as follows: A. Total Value of Acceptable Assets of Borrower (“Acceptable Assets”) $__________________ of Borrower (“Acceptable Assets”)_____ B. 33-1/3% of Acceptable Assets $______________________ C. “senior securities representing indebtedness” (as such term is used in the 1940 Act), other than the Loans $__________________ (as such term is used in the 1940 Act), other than Loans_____ D. Borrowing Base (line B minus line C) $______________________

Borrowing Base Calculation. The Borrowing Base for the Borrower, as of _________ __, 20__, is as follows: A. After giving effect to any Requested Advance, total value of assets minus all liabilities and indebtedness not represented by “senior securities” (as such term is used in the 1940 Act) (the Borrower’s “Total Value of Acceptable Assets $__________________ of Borrower (“Acceptable AssetsAsset Value”) B. 33-1/3% of Acceptable Assets ) minus all other securities and investments not included in the Securities Account. $__________________ C. “senior securities representing indebtedness” $__________________ B. 30% of Total Asset Value (as such term is used in the 1940 Act), other than Loans D. “Borrowing Base (line B minus line CBase”) $______________________

Borrowing Base Calculation. The Borrowing Base for the Borrower, as of _________ __, 20___, is as follows: A. Total Value of Acceptable Assets $__________________ of Borrower (“Acceptable Assets”)) $ B. 33-1/3% of Acceptable Assets $__________________ C. “senior securities representing indebtedness” $__________________ (as such term is used in the 1940 Act), other than LoansLoans $ D. Borrowing Base (line B minus line C) $__________________

Borrowing Base Calculation. The Borrowing Base for the Borrower, as of _________ __, _____20__, is as follows: A. After giving effect to any Requested Advance, total value of assets minus all liabilities and indebtedness not represented by “senior securities” (as such term is used in the 1940 Act) (the Borrower’s “Total Value of Acceptable Assets Asset Value”). $__________________ of Borrower (“Acceptable Assets”) B. 33-1/3% of Acceptable Assets $__________________ C. Total Asset Value $ (the “senior securities representing indebtedness” $__________________ (as such term is used in the 1940 Act), other than Loans D. Borrowing Base (line B minus line CBase”) $__________________

Borrowing Base Calculation. The Borrowing Base for the Borrower, as of _________ __, 20__, is as follows: A. Total Value of Acceptable Assets After giving effect to any Requested Advance, $__________________ total value of Borrower assets minus all liabilities and indebtedness not represented by "senior securities" (“Acceptable Assets”as such term is used in the 1940 Act) (the Borrower's "Total Asset Value"). B. 33-1/3% of Acceptable Assets $__________________ C. “senior securities representing indebtedness” Total Asset Value $__________________ (as such term is used in the 1940 Act"Borrowing Base"), other than Loans D. Borrowing Base (line B minus line C) $__________________

Borrowing Base Calculation. The Borrowing Base for the Borrower, as of _________ __, 20__, is as follows: A. Total Value of Acceptable Assets $of Borrower (“Acceptable Assets”) $ __________________ of Borrower (“Acceptable Assets”)_ B. 33-1/3% of Acceptable Assets $$ __________________ C. “senior securities representing indebtedness” $__________________ (as such term is used in the 1940 Act), other than Loans D. Borrowing Base (line B minus line C) $Loans $ __________________ D. Borrowing Base (line B minus line C) $ __________________

Borrowing Base Calculation. The Borrowing Base for the Borrower, as of _________ __, 20__, is as follows: A. Total Value of Acceptable Assets of Borrower (“Acceptable Assets”) $__________________ of Borrower (“Acceptable Assets”) B. 33-1/3% of Acceptable Assets $__________________ C. “senior securities representing indebtedness” $__________________ (as such term is used in the 1940 Act), other than Loans D. Borrowing Base (line B minus line C) $__________________

Borrowing Base Calculation. The Borrowing Base for the Borrower, as of _________ __, 20__, is as follows: A. After giving effect to any Requested Advance, total value of assets minus all liabilities and indebtedness not represented by “senior securities” (as such term is used in the 1940 Act) (the Borrower’s “Total Value of Acceptable Assets $__________________ of Borrower (“Acceptable AssetsAsset Value”) B. 33-1/3% of Acceptable Assets . $__________________ C. B. 33-1/3% of Total Asset Value (the “senior securities representing indebtedness” $__________________ (as such term is used in the 1940 Act), other than Loans D. Borrowing Base (line B minus line CBase”) $__________________

Borrowing Base Calculation. The Borrowing Base for the Borrower, as of _________ __, 20__, is as follows: A. Total Value of Acceptable Assets After giving effect to any Requested Advance, $__________________ total value of Borrower (“Acceptable Assets”) B. 33-1/3% of Acceptable Assets $__________________ C. assets minus all liabilities and indebtedness not represented by “senior securities representing indebtednesssecurities” $__________________ (as such term is used in the 1940 Act) (the Borrower’s “Total Asset Value”), other than Loans D. Borrowing Base (line B minus line C) $__________________.

Borrowing Base Calculation. The Borrowing Base for the Borrower, as of _________ __, 20__, is as follows: A. Total Value of Acceptable Assets $of Borrower (“Acceptable Assets”) $ __________________ of Borrower (“Acceptable Assets”)_ B. 33-1/3% of Acceptable Assets $$ __________________ C. “senior securities representing indebtedness” $(as such term is used in the 1940 Act), other than Loans $ __________________ (as such term is used in the 1940 Act), other than Loans D. Borrowing Base (line B minus line C) $$ __________________

Borrowing Base Calculation. The Borrowing Base for the Borrower, as of _________ __, 20__, is as follows: A. Total Value of Acceptable Assets $of Borrower (“Acceptable Assets”) $ __________________ of Borrower (“Acceptable Assets”) B. 33-1/3% of Acceptable Assets $___$ _______________ C. “senior securities representing indebtedness” $(as such term is used in the 1940 Act), other than the Loans $ _______________ D. Borrowing Base (line B minus line C) $ __________________ (as such term is used in the 1940 Act), other than Loans D. Borrowing Base (line B minus line C) $__________________