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 Borrower will maintain, at any time when the Covered Debt Amount minus Cash and Cash Equivalents (excluding, for the avoidance of doubt, Cash Collateral for outstanding Letters of Credit) exceeds 90% of the Adjusted Borrowing Base, Liquidity of not less than 10% of the aggregate Credit Exposure of all the Lenders as of the date of determination (the “Minimum Liquidity Requirement”).
No procedures believed by the Borrower to be adverse to the interests of the Administrative Agent and the Lenders were utilized by the Borrower in identifying and/or selecting the Portfolio Investments that are part of the Eligible Investments and are included in the Borrowing Base.
The aggregate Credit Exposures of all of the Lenders do not exceed the lesser of (i) the aggregate amount of the Revolver Commitments of all the Lenders and (ii) the Borrowing Base.

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 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:

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

Borrowing Base is 80% of Eligible Accounts, as determined by Bank from Borrower’s most recent Transaction Report; provided, however, that Bank may decrease the foregoing percentage in its good faith business judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect Collateral.