European Borrowing Base definition

European Borrowing Base means the lesser of (i) the sum of the Swiss Borrowing Base plus the U.K. Borrowing Base and (ii) $325 million.

European Borrowing Base means, as of any date of determination, the result of, in each case using the Dollar Equivalent of all amounts in any Available Currency:

European Borrowing Base means the sum of the UK Borrowing Base and the Dutch Borrowing Base.

Examples of European Borrowing Base in a sentence

• No assets (other than Eligible Accounts) of any Additional European Borrower shall be included in the Additional European Borrowing Base without the consent of the Administrative Agent and each Joint Lead Arranger.

• The European Borrowing Base at any time shall be determined by reference to the most recent European Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 5.01(g) of this Agreement.

• The Administrative Agent shall have received (a) an Aggregate Borrowing Base Certificate which calculates the Aggregate Borrowing Base as of April 3, 2010 and (b) a US Borrowing Base Certificate, Canadian Borrowing Base Certificate, UK Borrowing Base Certificate and European Borrowing Base Certificate which calculates each such Borrowing Base as of April 3, 2010, in each case on a pro forma basis after giving effect to the Effective Date.

• The Administrative Agent may, in its Permitted Discretion, adjust Reserves (subject to Section 9.02(b)) used in computing the Aggregate Borrowing Base and the European Borrowing Base, with any such changes to be effective two Business Days after delivery of notice thereof to the Borrower Representative and the Lenders in accordance with Section 11.04 of this Agreement.

• For the avoidance of doubt, following the establishment of Additional European Incremental Revolving Facility, the delivery of the European Borrowing Base Certificate shall be governed by the terms of the applicable Incremental Revolving Facility Amendment (including any amendments to this Agreement in connection therewith and as contemplated by Section 2.22).

More Definitions of European Borrowing Base

European Borrowing Base means the sum, in Dollars, of the following as set forth in the most recently delivered European Borrowing Base Certificate:

European Borrowing Base means, at any time, with respect to the Netherlands Loan Parties, the sum of:

European Borrowing Base has the meaning assigned to such term in Section 2.22(c)(iv).

European Borrowing Base means, individually and/or collectively (without duplication) as the context may require, the French Borrowing Base, the German Borrowing Base, the Spanish Borrowing Base, and any Additional European Borrower Borrowing Base.

European Borrowing Base means the sum of the Canadian Borrowing Base, the Dutch Borrowing Base and the UK Borrowing Base.

European Borrowing Base means on any date of determination, an amount equal to the sum of the European Accounts Formula Amount, plus up to 85% of the NOLV Percentage of the Value of Eligible European Inventory minus the Availability Reserve.

European Borrowing Base means, at any time of determination, an amount equal to the sum of (a) the U.K. Borrowing Base as of such time, plus (b) the Dutch Borrowing Base as of such time.