Borrowing Base Defined Sample Clauses

Borrowing Base Defined. As used in this Agreement, the "Borrowing Base" shall be an amount equal to seventy-five percent (75%) of Eligible Domestic Accounts, plus (2) zero percent (0%) of Eligible Foreign Accounts. From time to time as required herein, the Borrower shall deliver to the Bank a certificate in substantially the form of Exhibit "A" attached hereto, signed by the chief financial officer of the Borrower, setting forth the information and calculations necessary for the determination of the Borrowing Base (each, a "Borrowing Base Certificate").