Minimum Borrowing Base. (a) Notwithstanding anything in this Agreement or any other Loan Document to the contrary and regardless of the calculation of the Multicurrency Facility Borrowing Base and the US Borrowing Base pursuant to the definitions thereof on the Closing Date, the aggregate amount of the Multicurrency Facility Borrowing Base and the US Borrowing Base shall be deemed to be no less than $2,200,000,000 ($100,000,000 of which shall be allocated to the Canadian Borrowing Base, $100,000,000 of which shall be allocated to the UK Borrowing Base and $2,000,000,000 of which shall be allocated to the US Borrowing Base) on and from the Closing Date until the date that is 120 days after the Closing Date (or such later date as Agent may agree in its sole discretion).
Minimum Borrowing Base. Permit, as of any date, the then-current Borrowing Base to be less than $125,000,000.
Minimum Borrowing Base. The Loan Parties shall not permit Eligible Accounts to represent less than $8,500,000 of the Borrowing Base as of any date of determination.
Minimum Borrowing Base. Permit the Borrowing Base to be less than (a) at any time on or after June 30, 2021 through December 30, 2022, $75,000,000, (b) at any time on or after December 31, 2022 through December 30, 2023, $125,000,000, and (c) at any time on or after December 31, 2023, $250,000,000.
Minimum Borrowing Base. Permit the Average Excess ---------------------- Availability measured at the first Business Day of each month to be less than $10,000,000; in the event the Average Excess Availability shall be less than $10,000,000, the Administrative Agent, in its sole discretion, may require the following:
Minimum Borrowing Base. Notwithstanding any other provision hereof: (i) the Secured Borrowing Base shall not at any time after the end of the Due Diligence Period through January 31, 2009, be less than $650,000,000; and, (ii) the Secured Borrowing Base shall not at any time after January 31, 2009, through January 31, 2010, be less than $300,000,000.
Minimum Borrowing Base. If at any time while any principal amount of the FILO Term Loan is outstanding, the Borrowing Base is less than zero.
Minimum Borrowing Base. Borrower shall not permit its Borrowing Base, calculated as of the last day of each month, to be less than the amount indicated opposite the specified time period: Period Amount ------ ------ Prior to 12/1/95 $ 725,000 12/1/95 - 11/30/96 $1,000,000 12/1/96 and each month thereafter $1,250,000
Minimum Borrowing Base. A new Section 5.38 is added to the Credit Agreement to read as follows:
Minimum Borrowing Base. The Borrower shall cause the sum of (a) the Borrowing Base, plus (b) the amount on deposit in the Controlled Account in excess of the amount required to be on deposit therein pursuant to Section 5.37 hereof, plus (c) an amount equal to 80% of the orderly liquidation value of Eligible Equipment and Machinery, plus (d) an amount equal to 75% of the “as-is” appraised value of Eligible Real Estate, to be not less than $75,000,000 from January 1, 2012, until the date on which all outstanding Senior Subordinated Notes have been redeemed in full.
