Combined Borrowing Base definition

Combined Borrowing Base means, at any time, the sum of (a) the U.S. Borrowing Base at such time and (b) the lesser of (i) the Canadian Borrowing Base at such time and (ii) the Maximum Canadian Revolver Amount at such time.

Combined Borrowing Base means the sum of (a) the Tranche A Borrowing Base plus (b) the Canadian Borrowing Base.

Combined Borrowing Base means the sum of the Tranche A Borrowing Base plus the Tranche A-1 Borrowing Base.

Examples of Combined Borrowing Base in a sentence

• The Loan Parties will not permit (i) Revolver Exposure plus Aggregate Term Loan Exposure at any time to exceed (ii) the Combined Borrowing Base at such time, provided that, if the forgoing shall occur, the Borrowers will promptly prepay the Revolver Exposure in an aggregate amount equal to such excess.

• Notwithstanding the foregoing, in the case of a Restricted Security, a beneficial interest in a Global Security being transferred in reliance on an exemption from the registration requirements of the Securities Act other than in accordance with Rule 144, Regulation S or Rule 144A may only be transferred for a Physical Security.

• The Administrative Agent has received a Borrowing Base Certificate that calculates the Term Loan Borrowing Base, Revolving Borrowing Base, Combined Borrowing Base and Combined Borrowing Base Availability, each as of the Effective Date, together with all supporting documentation relating thereto.

• Borrowing Base Certificates for Foreign Borrowers shall calculate an individual Borrowing Base for each Foreign Borrower on a stand alone basis, provided, that UK Borrowers that have satisfied the UK Combined Borrowing Base Condition may deliver a combined Borrowing Base Certificate for such UK Borrowers.

• If at any time the Dollar Equivalent of the aggregate principal balance of all UK Revolver Loans owing by a UK Borrower exceeds the UK Borrowing Base of such UK Borrower (determined on a combined basis for UK Borrowers that have satisfied the UK Combined Borrowing Base Condition) (a “UK Overadvance”), the excess amount shall, subject to Section 5.2(b), be payable by the Applicable UK Borrower(s) on demand by the Agent.

More Definitions of Combined Borrowing Base

Combined Borrowing Base means the “Combined Borrowing Base” as defined in the ABL Credit Agreement.

Combined Borrowing Base as defined in the ABL Credit Agreement.

Combined Borrowing Base means the sum of the Domestic Borrowing Base and the Canadian Loan Cap.

Combined Borrowing Base means the sum of (i) the Domestic Borrowing Base and, as long as Canadian, (ii) as long as Canadian Commitments remain outstanding, the Canadian Borrowing Base, and (iii) as long as Tranche A-1 Commitments remain outstanding, the Canadian Tranche A-1 Borrowing Base.

Combined Borrowing Base means the sum of (i) the Combined Revolving Borrowing Base and (ii) the FILO Borrowing Base.

Combined Borrowing Base means the sum of the Revolving Borrowing Base and the Term Loan Borrowing Base.

Combined Borrowing Base means, as of any date of determination, the lesser of (i) the sum of (x) the Revolving Loan Cap, plus (y) the FILO Exposure or (ii) the FILO Borrowing Base.