The Borrowing Base Sample Clauses

The Borrowing Base. At the Amendment No. 2 Effective Date, the Borrowing Base shall be $265,000,000. The Borrowing Base may be adjusted from time to time pursuant to Sections 2.14, 2.15, 2.16 and 2.17 hereof.
The Borrowing Base. The Lenders and the Administrative Agent shall have no obligation to extend any advances under the Loans, and the Issuing Bank shall have no obligation to issue Letters of Credit, under the Commitments and on a cumulative basis, in excess of the Borrowing Base, which Borrowing Base shall equal:
The Borrowing Base. On a weekly basis the Borrowing Base will be recalculated by adding weekly billings to the prior week's Eligible Accounts and subtracting deposits and adjustments, if applicable, and then multiplying this amount by the Net Collectible Percentage. The Borrowing Base shall be calculated on the basis of the reports delivered to Lender pursuant to Section 5.4.
The Borrowing Base. On a monthly basis (or more frequently at Borrower's election), the Borrowing Base will be recalculated by adding new billings to the prior Borrowing Base's Eligible Accounts and subtracting deposits and adjustments, and then multiplying this amount by the Net Collectible Percentage. The Borrowing Base shall be calculated on the basis of the reports delivered to Lender pursuant to Section 5.4. To the extent Borrower fails to deliver its monthly Borrowing Base report to Lender, the Borrowing Base shall be reduced by the full amount of all lock box collections.
The Borrowing Base. The borrowing base ("Borrowing Base") shall equal 80% of Eligible Accounts. "Eligible Accounts" shall mean Accounts (as such term is defined in the Uniform Commercial Code in force in the Commonwealth of Massachusetts) which are acceptable to Lender in its sole discretion, but which at least are continuously in compliance with all of the following:
The Borrowing Base. The Borrowing Base shall be determined monthly by the Bank by reference to the Borrowing Base Report delivered to the Bank pursuant to Section 6.2.4 or Section 8.1.1(c)(iii) (as the case may be), and by reference to such other information (written or otherwise) as shall from time to time be available to the Bank.
The Borrowing Base. As used in this Agreement, the termBorrowing Base’ means the sum of (a) 80 percent of Eligible Domestic Accounts Receivable at the time in question, (b) 90 percent of Eligible Foreign Accounts Receivable at the time in question, and (c) 50 percent of Eligible Inventory at the time in question, provided, however, that the aggregate amount of Advances supported by Eligible Inventory shall not exceed $3,900,000 from June 1, 2003, through June 30, 2003, $3,825,000 from July 1, 2003, through July 31, 2003, $3,750,000 from August 1, 2003, through March 31, 2004, and $3,625,000 on April 1, 2004, and thereafter”
The Borrowing Base. As of the Fourth Amendment Effective Date, the Lenders and the Borrower agree that the amount of the Borrowing Base shall be $530,000,000 and such Borrowing Base shall remain in effect until the Borrowing Base is otherwise redetermined or adjusted in accordance with the Credit Agreement or Section 5 hereof. This provision does not limit the right of the parties to initiate interim redeterminations of the Borrowing Base in accordance with Section 2.07(b) or further adjustments pursuant to Section 2.07(e), Section 2.07(f), Section 8.12(c) or Section 9.11(d). The parties hereto acknowledge and agree that the Borrowing Base redetermination set forth in this Section 4 shall be deemed to be the Scheduled Redetermination scheduled for November 1, 2013 as provided in Section 2.07. This Section 4 constitutes the New Borrowing Base Notice in accordance with Section 2.07(d).
The Borrowing Base. As used in this Agreement, the termBorrowing Base” means the sum of (a) 80 percent of Eligible Domestic Accounts Receivable at the time in question, (b) 90 percent of Eligible Foreign Accounts Receivable at the time in question, and (c) 50 percent of Eligible Inventory at the time in question, provided, however, that the aggregate amount of Advances supported by Eligible Inventory shall not exceed $4,000,000 at any time.
The Borrowing Base. The Borrowing Base shall be determined ------------------ monthly by the Agent by reference to the Borrowing Base Report delivered to the Agent, BankBoston and the other Banks pursuant to Section 7.1.4 or subclause ------------- --------- (iii) of Section 9.1.1(c) hereof, and to such other information as shall be ----- ---------------- available to the Agent.