Borrowing Base Amount definition

Borrowing Base Amount means:

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

Borrowing Base Amount means, with respect to the Borrower, an amount equal to the sum, without duplication, of the following;

Examples of Borrowing Base Amount in a sentence

• Each Loan Asset included in any calculation of Borrowing Base Value, Total Asset Value and/or Borrowing Base Amount, at the time of such calculation, satisfied each of the criteria set forth in the definition of First Mortgage Investment.

• Each Property included in any calculation of Borrowing Base Value and/or Borrowing Base Amount, at the time of such calculation, satisfied each of the criteria set forth in the definition of Eligible Ground Lease, Eligible Ground Leased Property, Eligible Owned Property or Eligible Other Asset, as the case may be.

• For the avoidance of doubt, upon termination of a Designated Borrower’s status in accordance with this Section 2.20(d), all Borrowing Base Properties owned, directly or indirectly, by such Designated Borrower shall be removed from the calculation of Borrowing Base Value and Borrowing Base Amount.

More Definitions of Borrowing Base Amount

Borrowing Base Amount means, as of any date of determination, with respect to:

Borrowing Base Amount means, on any date of determination, the Outstanding Receivables Balance of all Eligible Receivables (other than any Eligible Receivables that would cause the Concentration Limits to be exceeded).

Borrowing Base Amount means an amount, expressed in Dollars, equal to eighty percent (80%) of the amount of the Eligible Accounts and subject to adjustment by Lender, in Lender’s sole discretion.

Borrowing Base Amount means, as to the Company and its Restricted Subsidiaries, the sum of (x) 65% of the gross value of Inventory plus (y) 85% of the gross value of Receivables, in each case, determined on a consolidated basis in accordance with GAAP, as reflected in the most recent quarterly consolidated financial statements delivered pursuant to Section 4.7.

Borrowing Base Amount means for any date, an amount equal to the lesser of: (i) sixty-five percent (65%) of the aggregate Total Collateral Value of the Borrowing Base Assets and (ii) the aggregate Mortgageability Amount of the Borrowing Base Assets.

Borrowing Base Amount means the sum of the Adjusted Tangible Net Worth of the Borrower, plus all Subordinated Debt of the Borrower.

Borrowing Base Amount means an amount, expressed in Dollars, equal the lesser of: (i) eighty percent (80%) of the then existing Eligible Accounts; or (ii) the Advance Calculation Amount.