Borrowing Base definition

Borrowing Base means, at any time of calculation, an amount equal to:

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Borrowing Base means, as of any date of determination, the result of:

Borrowing Base has the meaning set forth in Section 2.1.

Examples of Borrowing Base in a sentence

The “Determined Valuation” shall mean the valuation of any Borrowing Base Eligible Asset pursuant to the process referred to above in these clauses (a)-(d) (such process, the “Valuation Confirmation Process”); provided, that with respect to any Borrowing Base Eligible Asset which is a Mortgage Asset (either at origination or as a result of a modification), the Borrower shall be required to obtain a valuation of the underlying property as well as such Mortgage Asset to calculate the Determined Valuation.
Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to this Section 2.14.
Following the receipt by the Borrower of such additional valuation report (and delivery of a copy thereof to the Agents) and if the amount of the Second Valuation is no more than 10.0% greater or lesser than the amount of the Initial Valuation, the Assigned Value in respect of the relevant Borrowing Base Eligible Asset for the purposes of clause (b) of the definition of “Assigned Value” shall be the amount equal to the average of the Initial Valuation and the Second Valuation.
The parties hereto hereby agree that the redetermination of the Borrowing Base on the Fourth Amendment Effective Date as set forth in this Section 3 shall not constitute either a Scheduled Redetermination nor an Interim Redetermination, in each case, for the purposes of Section 2.14(b) of the Credit Agreement.
If the amount of the Third Valuation falls outside the range of the Initial Valuation and the Second Valuation, the Assigned Value in respect of the relevant Borrowing Base Eligible Asset for purposes of clause (b) of the definition of “Assigned Value” shall be the average of the Initial Valuation, the Second Valuation and the Third Valuation.

More Definitions of Borrowing Base

Borrowing Base has the meaning assigned to such term in Section 5.13.

Borrowing Base means, at any time, the sum of:

Borrowing Base means at any time the lesser of:

Borrowing Base means, as of any date, an amount equal to:

Borrowing Base means an amount equal to eighty percent (80%) of Eligible Accounts, as determined by Bank with reference to the most recent Borrowing Base Certificate delivered by Borrower.

Borrowing Base means, as of any date, an amount equal to the sum of:

Borrowing Base means, as of any date of determination by Agent, from time to time, an amount equal to the sum at such time of: