Common use of Borrowing Base Clause in Contracts

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 or (2) 57.750% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) Six Million Dollars ($2,500,000.00 6,000,000) or (2) 57.750% seventy-five percent (75%) of the aggregate amount of Eligible AccountsAccounts (not to exceed in corresponding Loan amount based on Eligible Accounts Six Million Dollars [$6,000,000]).

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 6,300,000.00; or (2b) 57.75080.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 1,500,000.00 or (2) 57.75080% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 300,000.00 or (2) 57.75075.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 500,000.00 or (2) 57.75075.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 6,000,000.00 or (2) 57.75080.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 5,000,000.00 or (2) 57.75080.000% of the aggregate amount of Eligible AccountsAccounts (not to exceed in corresponding Loan amount based on Eligible Accounts $5,000,000.00).

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 3,000,000.00; or (2b) 57.75075.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 5,000,000.00 or (2) 57.75075.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 1,000,000.00 or (2) 57.750the sum of (a) 80.000% of the aggregate amount of Eligible AccountsAccounts (not to exceed in corresponding Loan amount based on Eligible Accounts $1,000,000.00), plus (b) 50.000% of the aggregate amount of Eligible Inventory (not to exceed in corresponding Loan amount based on Eligible inventory $1,000,000.00).

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 or 1,500,000.00 or(2) the sum of (2a) 57.75080.000% of the aggregate amount of Eligible Accounts, plus (b) 35.000% of the aggregate amount of Eligible Inventory.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 1,750,000.00; or (2b) 57.750the sum of (i) 75.000% of the aggregate amount of Eligible Accounts, plus (ii) 40.000% of the aggregate amount of Eligible Equipment.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 6,000,000.00 or (2) 57.750the sum of (a) 85.000% of the aggregate amount of Eligible Accounts, plus (b) 50.000% of the aggregate amount of Eligible Inventory.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 4,000,000.00 or (2) 57.750the sum of (a) 80.000% of the aggregate amount of Eligible AccountsAccounts (not to exceed in corresponding Loan amount based on Eligible Accounts $4,000,000.00), plus (b) 25.000% of the aggregate amount of Eligible Inventory (not to exceed in corresponding Loan amount based on Eligible Inventory $4,000,000.00).

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 5,000,000.00 or (2) 57.75075.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 1,800,000.00 or (2) 57.750the sum of (a) 75.000% of the aggregate amount of Eligible Accounts, plus (b) 50.000% of the aggregate amount of Eligible Inventory, plus (c) 50.000% of the aggregate amount of Eligible Equipment.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 5,000,000.00 or (2) 57.75080.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 1,250,000.00; or (2b) 57.750the sum of (i) 80.000% of the aggregate amount of Eligible Accounts, plus (ii) 50.000% of the aggregate amount of Eligible inventory.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 400,000.00 or (2) 57.75080.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “Borrowing Base” , mean, as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 S3,500,000.00; or (2b) 57.750% 9o.oon% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 750,000.00 or (2) 57.750the sum of (a) 75.000% of the aggregate amount of Eligible Accounts, plus (b) 50.000% of the aggregate amount of Eligible Inventory.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 or (2) 57.75057.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 6,000,000.00 or (2) 57.750the sum of (a) 80.000% of the aggregate amount of Eligible Accounts, plus (b) 50.000% of the aggregate amount of Eligible Inventory.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 1,000,000.00; or (2b) 57.750the sum of (i) 75.000% of the aggregate amount of Eligible Accounts, plus (ii) 50.000% of the aggregate amount of Eligible Inventory.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 4,000,000.00 or (2) 57.750the sum of (a) 85.000% of the aggregate amount of Eligible Accounts, plus (b) 50.000% of the aggregate amount of Eligible Inventory.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 950,000.00; or (2b) 57.75080.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of ([1) ] $2,500,000.00 5,000,000.00 or (2) 57.75080.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender Xxxxxx from time to time, the lesser of (1a) $2,500,000.00 10,000,000.00; or (2b) 57.750% a percentage of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 2,250,000.00 or (2) 57.750the sum of (a) 60.000% of the aggregate amount of Eligible Accounts, plus (b) 60.000% of the aggregate amount of Eligibly Inventory.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 5,000,000.00 or (2) 57.750the sum of (a) 80.000% of the aggregate amount of Eligible Accounts, plus (b) 50.000% of the aggregate amount of Eligible Inventory.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 5,000,000.00 or (2) 57.750the sum of (a) 80.000% of the aggregate amount of Eligible Accounts, plus (b) 50.000% of the aggregate amount of Eligible Inventory.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 30,000,000.00; or (2b) 57.75080.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 1,500,000.00; or (2b) 57.750the sum of (i) 75.000% of the aggregate amount of Eligible Accounts, plus (ii) 40.000% of the aggregate amount of Eligible Equipment.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 3,000,000.00 or (2) 57.750the sum of (a) 80.000% of the aggregate amount of Eligible Accounts, plus (b) 50.000% of the aggregate amount of Eligible Inventory.

Borrowing Base. The words “Words "Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 3,000,000.00 or (2) 57.750the sum of (a) 80.000% of the aggregate amount of Eligible AccountsAccounts (not to exceed in corresponding Loan amount based on Eligible Accounts $3,000,000.00), plus (b) 50,000% of the aggregate amount of Eligible Inventory (not to exceed in corresponding Loan amount based on Eligible Inventory $3,000,000.00).

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender Xxxxxx from time to time, the lesser of (1a) $2,500,000.00 3,000,000.00; or (2b) 57.75080.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “"Borrowing Base” mean, " mean as determined by Lender from time to time, the lesser of (1) $2,500,000.00 6,000,000.00 or (2) 57.75075.000% of the aggregate amount of Eligible AccountsAccounts Receivable related to payments due under all other contracts (Commercial Accounts Receivable) and 75.000% of those Eligible Accounts Receivable related to payments due under contracts with the United States Government for which the Borrower is the primary contractor less the balance outstanding under the term loan #4504027502.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 1,000,000.00; or (2b) 57.750the sum of (i) 90.000% of the aggregate amount of Eligible Accounts, plus (ii) 75.000% of the aggregate amount of Eligible Inventory.

Borrowing Base. The words “Borrowing Base” mean, mean as determined by Lender from time to time, the lesser of (1) $2,500,000.00 7,000,000.00 or (2) 57.75080.00% of the aggregate amount of Eligible AccountsAccounts subject to a 5.00% dilution based on gross collections.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 7,000,000.00; or (2b) 57.750the sum of (i) 80.000% of the aggregate amount of Eligible Accounts, plus (ii) 50.000% of the aggregate amount of Eligible Inventory (not to exceed in corresponding Loan amount based on Eligible Inventory $2,400,000).

Borrowing Base. The words “"Borrowing Base” mean, as determined by Lender from time to time, " mean the lesser of (1a) $2,500,000.00 1,500,000.00; or (2b) 57.750the sum of (i)76% of the aggregate amount of Eligible Accounts, plus (ii) 50% of the aggregate amount of Eligible Inventory. At no time shall advances against Eligible Inventory exceed $500,000.00.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 3,500,000.00; or (2b) 57.750the sum of (i) 80.000% of the aggregate amount of Eligible Accounts, plus (ii) 25.000% of the aggregate amount of Eligible Inventory.

Borrowing Base. The words “"Borrowing Base” mean, " mean ,as determined by Lender lender from time to time, the lesser of (1) $2,500,000.00 1,000,000.00 or (2) 57.75075.000% of the aggregate amount of Eligible Accounts...

Borrowing Base. The words “"Borrowing Base” mean, " mean as determined by Lender from time to time, the lesser of (1) $2,500,000.00 4,000,000.00 or (2) 57.750the sum of (a) 80.000% of the aggregate amount of Eligible Accounts, plus (b) 50.000% of the aggregate amount of Eligible inventory. At no time will Inventory be allowed to comprise more than 50% of the Borrowing Base.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 3,000,000.00 or (2) 57.75080.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 750,000.00 or (2) 57.750the sum of (a) 80.000% of the aggregate amount of Eligible AccountsAccounts (not to exceed in corresponding Loan amount based on Eligible Accounts $750,000.00), plus (b) 50.000% of the aggregate amount of Eligible Inventory (not to exceed in corresponding Loan amount based on Eligible Inventory $750,000.00).

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 6,000,000.00; or (2b) 57.750the sum of (c) 80.000% of the aggregate amount of Eligible Accounts, plus (ii) 55.000% of the aggregate amount of Eligible Inventory (not to exceed in corresponding Loan amount based on Eligible inventory $5,000,000).

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 60,000,000.00; or (2b) 57.75080.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 1,000,000.00 or (2) 57.75070.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 15,000,000.00; or (2b) 57.75080.000% of the aggregate amount of Eligible AccountsAccounts and 25% of Eligible Inventory as defined in Addendum #1.

Borrowing Base. The words “"Borrowing Base” mean, " mean as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 600,000.00; or (2b) 57.750the sum of $85.000% of the aggregate amount of Eligible AccountsAccounts less bad debt allowance, accounts payable offsets and keg deposits, plus (ii) 50.000% of Eligible Inventory defined as raw materials, work-in-process and finished goods.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 1,250,000.00; or (2b) 57.75075% of the aggregate amount Eligible Accounts PLUS 50% of Eligible AccountsInventory (Not to exceed $200,000.00) PLUS 75% of Eligible Equipment (Not to exceed the balance on the Borrower's SBA 7(a) term loan) LESS the current outstanding balance on the Borrower's SBA 7(a) term loan. Please refer to the attached Collateral Schedule.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 2,000,000.00 or (2) 57.75080.000% of the aggregate amount of Eligible Accounts.

Borrowing Base. The words “"Borrowing Base” mean, as " mean As determined by Lender from time to time, the lesser of (1) $2,500,000.00 6,000,000.00 or (( 2) 57.75050.000% of the aggregate amount of Eligible AccountsInventory. Notwithstanding the above, availability under the Borrowing Base may be reduced by the amount of unrealized losses related to foreign exchange transactions entered into by Borrower.

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 1,000,000.00 or (2) 57.750the sum of (a) 75.000% of the aggregate amount of Eligible Accounts, plus (b) 50.000% of the aggregate amount of Eligible Inventory ( not to exceed in corresponding Loan amount based on Eligible Inventory $250,000.00).

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 1,000,000.00; or (2b) 57.750the sum of (i) 80.000% of the aggregate amount of Eligible Accounts, plus (ii) 50.000% of the aggregate amount of Eligible Inventory (not to exceed in corresponding Loan amount based on Eligible Inventory $300,000).

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 6,000,000.00 or (2) 57.750the sum of (a) 80.000% of the aggregate amount of Eligible Accounts, plus (b) 50.000% of the aggregate amount of Eligible Equipment.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 750,000.00 or (2) 57.750the sum of (a) 75.000% of the aggregate amount of Eligible Accounts, plus (b) 50.000% of the aggregate amount of Eligible Inventory, plus (c) 50.000% of the aggregate amount of Eligible Equipment.

Borrowing Base. The words “Borrowing Base” Base mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 1,000,000.00 or (2) 57.750the sum of (a) 80.000% of the aggregate amount of Eligible Accounts, plus (b) 50.000% of the aggregate amount of Eligible Inventory, plus (c) 80.000% of the aggregate amount of Eligible Equipment.

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 6,000,000.00 or (2) 57.750the sum of (a) 80.000% of the aggregate amount of Eligible AccountsAccounts (not to exceed in corresponding Loan amount based on Eligible Accounts $6,000,000.00), plus (b) 40.000% of the aggregate amount of Eligible Inventory (not to exceed in corresponding Loan amount based on Eligible Inventory $200,000.00).

Borrowing Base. The words “"Borrowing Base” " mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 2,000,000.00 or (2) 57.750the sum of (a) 80.000% of the aggregate amount of Eligible Accounts, plus (b) 50.000% of the aggregate amount of Eligible Inventory.

Borrowing Base. The words “"Borrowing Base” mean, " mean as determined by Lender from time to time, the lesser of (1a) $2,500,000.00 15,000,000.00; or (2b) 57.750the sum of (i) 80.000% of the aggregate amount of Eligible Accounts., plus (ii) 50.000% of the aggregate amount of eligible Inventory (not to exceed in corresponding Loan amount based on Eligible Inventory of $5,500,000.00). The Borrowing Base formula applies only when borrowings exceed $5,000,000.00

Borrowing Base. The words “Borrowing Base” mean, as determined by Lender from time to time, the lesser of (1) $2,500,000.00 5,000,000.00 or (2) 57.750the sum of (a) 85.000% of the aggregate amount of Eligible AccountsAccounts (not to exceed in corresponding Loan amount based on Eligible Accounts $5,000,000.00), plus (b) 50.000% of the aggregate amount of Eligible Inventory (not to exceed in corresponding Loan amount based on Eligible Inventory $2,500,000.00).