Examples of Dutch Borrowing Base in a sentence
Beijing Jin Xxx Xxxx Da shall direct the business investment in these areas, with necessary support from the People’s Government of Gaobeidian City.
On any date of determination of the Dutch Borrowing Base, all of the Accounts owned by the Dutch Borrowers and reflected in the most recent Borrowing Base Certificate delivered by the Dutch Borrowers to the Administrative Agent shall be “Dutch Eligible Accounts” for the purposes of this Agreement, except any Account to which any of the exclusionary criteria set forth below applies.
If Dutch Revolver Usage exceeds the Dutch Borrowing Base (“Dutch Overadvance”) at any time, the excess shall be payable by Dutch Borrowers on demand by Agent and shall constitute a Dutch Obligation secured by the Dutch Collateral, entitled to all benefits of the Loan Documents.
Borrowers shall report Value and other Dutch Borrowing Base and U.S. Borrowing Base components to Agent in the currency invoiced by Borrowers (for Accounts) or shown in Borrowers’ financial records (for all other assets), and unless expressly provided otherwise, shall deliver financial statements and calculate financial covenants in Dollars.
In no event shall Dutch Lenders have any obligation to honor a request for a Dutch Revolver Loan if Dutch Revolver Usage at such time plus the requested Dutch Revolver Loan would exceed the Dutch Borrowing Base.