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

If the aggregate amount of the outstanding Advances exceeds (a) the lesser of (i) the Revolving Line and (ii) the sum of (A) the amount available under the Borrowing Base, plus (B) the Non-Formula Sublimit, at any time, Borrower shall immediately pay to Bank, in cash, the amount of such excess.
Within ten (10) Business Days following the Closing Date (or such later date as the Administrative Agent may, in its reasonable discretion, consent to in writing), the Borrower will permit the Administrative Agent to complete a field examination to ensure the adequacy of Collateral included in the Borrowing Base and related reporting and control systems.
To the extent Agent receives financial statements required under Sections 9.7, 9.9, 9.12 and 9.13 or a Borrowing Base Certificate from any Credit Party pursuant to the terms of this Agreement which any Credit Party is not obligated to deliver to each Lender, Agent will promptly furnish such documents and information to Lenders upon request.
Notwithstanding the foregoing, with respect to any Borrowings made to finance the Trident Acquisition (or any Transaction Expenses concurrently therewith) or the Trust Acquisition (or any or any Transaction Expenses concurrently therewith), immediately after giving effect to such Borrowing, Excess Availability is no less than the greater of (A) $30,625,000 and (B) 17.5% of the lesser of (i) Aggregate Commitments and (ii) the Borrowing Base.
Compliance with the foregoing shall be demonstrated in the Borrowing Base Certificate submitted at the time of such Advance and shall be supported by calculation details reasonably satisfactory to Agent.

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: