Aggregate Borrowing Base definition

Aggregate Borrowing Base means, at any time, the aggregate of the Borrowing Base and the Borrowing Base (as defined in the U.S. Facility) at such time.

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Aggregate Borrowing Base means as of any date of determination, an amount equal to (i) the sum of the Brightpoint Borrowing Base and the Wireless Borrowing Base; less (ii) any Reserves except to the extent already deducted therefrom.

Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

Examples of Aggregate Borrowing Base in a sentence

• If the Facility Usage exceeds the Aggregate Borrowing Base (“Overadvance”) at any time, the excess amount shall be payable by Borrowers on demand by Agent, but all such Revolver Loans, FILO Loans and LC Obligations shall nevertheless constitute Obligations secured by the Collateral and entitled to all benefits of the Credit Documents.

• In no event shall Revolver Lenders have any obligation to honor a request for a Revolver Loan if (x) the sum of the unpaid balance of Revolver Loans outstanding at such time (including the requested Loan) would exceed an amount equal to the Borrowing Base or (y) the sum of the unpaid balance of Revolver Loans outstanding at such time (including the requested Loan) plus the unpaid balance of FILO Loans outstanding at such time would exceed the Aggregate Borrowing Base.

• In no event shall FILO Lenders have any obligation to honor a request for a FILO Loan if the sum of the unpaid balance of FILO Loans outstanding at such time (including the requested Loan) plus the unpaid balance of Revolver Loans outstanding at such time would exceed the Aggregate Borrowing Base.

• Notwithstanding anything herein to the contrary, if an Overadvance exists, Borrowers shall, on the sooner of Agent’s demand or the first Business Day after any Borrower has knowledge thereof, repay the outstanding Loans in an amount sufficient to reduce Facility Usage to the Aggregate Borrowing Base; provided that, no prepayments of FILO Loans may be made unless all outstanding Revolver Loans have been repaid in full.

• Upon written request, provide Agent with copies of all existing relevant agreements, and promptly after execution thereof provide Agent with copies of all future relevant agreements, between any Obligor and any landlord, carrier, warehouseman, processor or bailee or the like that owns any premises at which any Collateral included in the Aggregate Borrowing Base and having a Value in excess of $5,000,000 is located.

More Definitions of Aggregate Borrowing Base

Aggregate Borrowing Base means the aggregate of the Borrowing Bases of all the Borrowers.

Aggregate Borrowing Base means, as of any date of determination, an amount equal to (a) the U.S. Borrowing Base as of such date plus (b) the lesser of (i) the Canadian Sublimit and (ii) the Canadian Borrowing Base as of such date.

Aggregate Borrowing Base means the aggregate amount of the US Borrowing Base and the European Borrowing Base; provided that the maximum amount of the European Borrowing Base which may be included as part of the Aggregate Borrowing Base is the European Sublimit.

Aggregate Borrowing Base means, as of any date of determination, the sum of (a) the Floorplan Borrowing Base, plus (b) the Revolver Borrowing Base.

Aggregate Borrowing Base means the sum of all of the Borrowing Bases (other than clause (d) of the definition of “RoW Borrowing Base”); provided that the RoW Borrowing Base shall not exceed 25% of the Aggregate Borrowing Base (calculated after giving effect to such cap). The Aggregate Borrowing Base or any component thereof at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 6(A).19 or Section 9.17(a), as applicable. The Administrative Agent shall (i) promptly notify the Lead Borrower in writing (including via e-mail) whenever it determines that a Borrowing Base as of any specified date set forth on a Borrowing Base Certificate differs from such Borrowing Base as determined by the Administrative Agent for such date, (ii) discuss the basis for any such deviation and any changes proposed by the Lead Borrower, including the reasons for any impositions of or changes in Reserves (in the Administrative Agent’s Permitted Discretion and subject to the definition thereof) or eligibility criteria, with the Lead Borrower, (iii) consider, in the exercise of its Permitted Discretion, any additional factual information provided by the Lead Borrower relating to the determination of such Borrowing Base and (iv) promptly notify the Lead Borrower of its decision with respect to any changes proposed by the Lead Borrower. Pending a decision by the Administrative Agent to make any requested change, the initial determination of such Borrowing Base by the Administrative Agent shall continue to constitute such Borrowing Base.

Aggregate Borrowing Base means, as of any date of determination, the sum of the US Borrowing Base and the Dollar Equivalent of the UK Borrowing Base.

Aggregate Borrowing Base means on any date of determination, the sum of the Tranche A Borrowing Base, plus the Tranche B Borrowing Base.