Borrowing Base definition

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

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

Borrowing Base has the meaning set forth in Section 2.1.

Examples of Borrowing Base in a sentence

• Designation of any other transferee as a Borrowing Base Investor will require the consent of the Administrative Agent and all Lenders, each in its sole discretion.

• The Administrative Agent and the Lenders party hereto hereby consent and agree that the Borrowing Base Certificate to be delivered on the Effective Date in accordance with Section 2.2(c) of this Amendment shall be delivered in lieu of the monthly Borrowing Base Certificate for August 2024 required to be delivered by September 20, 2024 under Section 5.01(d)(i) of the Credit Agreement.

• If there is a difference between the Borrower’s valuation and the Approved Third-Party Appraiser’s valuation of any Unquoted Investment, the Value of such Unquoted Investment for Portfolio Leverage Borrowing Base purposes shall be established as set forth in the third sentence of subclause (K) below.

• If the Borrower shall fail to determine the value of any Portfolio Investment as at any date pursuant to the requirements (but subject to the exclusions) of the foregoing subclauses (A), (B) or (C) then the “Value” of such Portfolio Investment for purposes of the Portfolio Leverage Borrowing Base as at such date shall be deemed to be zero.

• A Borrowing Base Certificate showing a calculation of the Borrowing Base as of a date not less than five days prior to the Effective Date (or such earlier date as agreed by the Administrative Agent).

More Definitions of Borrowing Base

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

Borrowing Base means at any time an amount equal to the amount determined in accordance with Section 2.07, as the same may be adjusted from time to time pursuant to Section 8.13(c).

Borrowing Base means the sum of:

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

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

Borrowing Base is eighty percent (80%) of Eligible Accounts, as determined by Bank from Borrower’s most recent Transaction Report; provided, however, that Bank has the right to decrease the foregoing percentage in its good faith business judgment to mitigate the impact of events, conditions, contingencies, or risks which may adversely affect the Collateral or its value.

Borrowing Base means at any time the lesser of: