Borrowing Base Leverage Sample Clauses
Borrowing Base Leverage. Commencing on April 2, 2021 and continuing thereafter, the(a) The Borrower will not as of March 31, 2022 or at any time thereafter permit the ratio of the aggregate Outstanding Loans and Swing Loans and Letter of Credit Liabilities to the aggregate As-Stabilized Appraised Value of the Borrowing Base Properties (expressed as a percentage) to exceed 65%.
Borrowing Base Leverage. 50 11.7 Ratio of Borrowing Base Value to Outstanding Facility . . . . . . . . . . . . . . . . 50 11.8
Borrowing Base Leverage. For any period of determination, the percentage equal to (a) the average of Total Outstanding for such period divided by (b) the sum of (i) the average Net Amount of Eligible Vehicle Loans pledged to the Bank pursuant to the Security Agreement for such period, plus (ii) the average Determined Value of the Eligible Repossessed Vehicles, determined for such period.
Borrowing Base Leverage. The Borrower will not permit the aggregate Outstanding principal amount of the Revolving Credit Loans and Outstanding Letters of Credit to exceed the Borrowing Base Advance Rate.