Borrowing Base definition

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

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

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

Examples of Borrowing Base in a sentence

• As of any date of determination, funds on deposit in the Unfunded Exposure Account may be withdrawn to fund draw requests of the relevant Obligors under any Revolving Loan Asset or Delayed Draw Loan Asset; provided that, prior to the occurrence and continuance of an Event of Default (that has not been waived), the amount withdrawn to fund such draw request shall not create any Borrowing Base Deficiency.

• Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (A) the Revolving Line or (B) the Borrowing Base.

• Directly or indirectly acquire or own, or make any Investment in or to any Person other than Permitted Investments; provided that if an Event of Default has occurred and is continuing or a Borrowing Base Deficiency has occurred and is continuing, Borrower shall not make any cash Investment in any subsidiary that is not a Subsidiary Guarantor.

• This Section 3.2(b) (other than the first sentence of this Section 3.2(b)) does not apply to one-to-four family residential properties, and shall apply to other Underlying Collateral consisting of real property only if the Company has elected to include such Underlying Collateral in the Borrowing Base (as defined in the Advance Facility Agreement).

• The Borrower (or the Servicer on its behalf) will provide (i) a Borrowing Base Certificate (which shall include a calculation of each Collateral Quality Test) to the Administrative Agent and each Lender (with a copy to the Collateral Agent) on each applicable date required under this Agreement and (ii) calculations of the Borrower Base (x) on the first Business Day of each week and (y) promptly upon request of the Administrative Agent.

More Definitions of Borrowing Base

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

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 at any time the lesser of:

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

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:

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

Borrowing Base has the meaning set forth in Section 2.1(a).