EXIM Borrowing Base definition

EXIM Borrowing Base means at any time the sum of (i) the EXIM Eligible Receivable Amount multiplied by the applicable Advance Rate, minus (ii) such reserves as Lender may deem proper and necessary from time to time.

EXIM Borrowing Base means an amount equal to 90% of Eligible Export-Related Accounts plus 75% of Eligible Export-Related Inventory, as determined by Bank with reference to the most recent Export Related Borrowing Base Certificate delivered by Borrower; provided, however that Eligible Export-Related Inventory shall not exceed sixty percent (60%) of the aggregate EXIM Borrowing Base.

EXIM Borrowing Base is (a) ninety percent (90%) of Hedged Eligible EXIM Accounts plus (b) seventy percent (70%) of all other Eligible EXIM Accounts plus (c) the lesser of sixty-five percent (65%) of the value of Eligible Export Inventory (valued at the lower of cost or wholesale fair market value) or Two Million Dollars ($2,000,000); in each case as determined by Bank from Borrower’s most recent EXIM Borrowing Base Certificate; provided, however, that Bank may decrease the foregoing amounts and/or percentages in its good faith business judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect Collateral.

Examples of EXIM Borrowing Base in a sentence

• Borrower shall comply with all of the terms of the EXIM Borrower Agreement, including without limitation, the delivery of an EXIM Borrowing Base Certificate within five (5) days after the end of each week (monthly, within five (5) days after the end of each month during a Streamline Period) any and all notices required pursuant to the EXIM Borrower Agreement.

• Subject to and upon the terms and conditions of this Agreement, Borrower may request EXIM Advances in an aggregate outstanding amount not to exceed the lesser of (A) the EXIM Line or (B) the EXIM Borrowing Base.

• Borrower shall deliver all reports, certificates and other documents to Bank as provided in the EX-IM Borrower Agreement, including, without limitation, within thirty (30) days after the last day of each month, an EX-IM Borrowing Base Certificate on a monthly basis as described on Exhibit C hereof, purchase orders and any other information that Bank and EX-IM Bank may reasonably request.

• Borrower shall deliver all reports, certificates and other documents to Bank as provided in the EX-IM Borrower Agreement, including, without limitation, an EX-IM Borrowing Base Certificate on a monthly basis, purchase orders and any other information that Bank and EX-IM Bank may reasonably request.

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More Definitions of EXIM Borrowing Base

EXIM Borrowing Base shall have the meaning set forth in the Exim Loan Documents.

EXIM Borrowing Base the “Borrowing Base” as defined in the EXIM Credit Agreement.

EXIM Borrowing Base is the sum of (x) 90% of Exim Eligible Foreign Accounts, (y) the lesser of (A) 25% of all Exim Eligible Foreign Retainage Accounts, and (B) $500,000, and (z) the lesser of (I) 75% of Exim Eligible Foreign Inventory (valued at the lower of cost or market), (II) $4,000,000, and (III) 60% of the aggregate outstanding amount of Exim Loans, as determined by Silicon from Borrower’s most recent Exim Borrowing Base Certificate; provided, that, if Borrower’s Tangible Net Worth is less than $20,000,000, then Exim Eligible Foreign Retainage Accounts will be excluded from the calculation of EXIM Borrowing Base.

EXIM Borrowing Base is (a) eighty-five percent (85%) of Eligible EXIM Accounts, plus (b) sixty-five percent (65%) of Eligible EXIM Inventory, but in any event not to exceed the lesser of (a) One Million Dollars ($1,000,000) or (b) sixty percent (60%) of all the EXIM Borrowing Base; provided however, that Bank may decrease the foregoing amount and/or percentages in its good faith business judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect the Collateral. For purposes of determining the EXIM Borrowing Base, the value ascribed to the Eligible EXIM Inventory will be the Export-Related Historical Inventory Value (as such term is defined in the Borrower Agreement) of the Borrower’s Inventory.

EXIM Borrowing Base means an amount not to exceed the lesser of (i) $1,000,000 or (ii) 90% of Eligible EXIM Accounts with terms less than 90 days and that are supported by a purchase order, plus the lower of $500,000 (or 80% of Credit Extensions based on the EXIM Borrowing Base during the three months following the Effective Date or 60% thereafter) or up to 50% of the lower of the cost or market value of Borrower’s Eligible EXIM Inventory; provided that, Bank may decrease the foregoing percentages in its good faith business judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect Collateral. “EXIM Borrowing Base Certificate” is that certain certificate in the form attached hereto as Exhibit F.

EXIM Borrowing Base is (a) ninety percent (90%) of Hedged Eligible EXIM Accounts; plus (b) sixty percent (60%) of all other Eligible EXIM Accounts billed in a Foreign Currency and not subject to a Foreign Currency Hedge Agreement; plus (c) sixty percent (60%) of Eligible Export Inventory; provided, however, that in any event the amount in clause (c) shall not at any time exceed (i) sixty percent (60%) of the total amounts outstanding and/or requested under any EXIM Borrowing Base and the Domestic Loan Agreement, or (ii)(A) exceed $7,500,000 at any time for the five Business Days before and after end of each of Borrower’s fiscal quarters or (B) exceed $5,000,000 at any other time; provided, however, that Bank may decrease the foregoing percentage in its good faith business judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect the Collateral.

EXIM Borrowing Base is (a) eighty percent (80%) of Eligible EXIM Accounts plus (b) fifty percent (50%) of the value of Borrower’s Eligible Foreign Inventory (valued at the lower of cost or wholesale fair market value) (provided, however, such amount in clause (b) shall not exceed the lesser of (X) Three Hundred Fifty Thousand Dollars ($350,000) and (Y) sixty percent (60%) of the sum of clause (a) plus clause (b) plus the aggregate face amount of all outstanding Letters of Credit)), in each case as determined by Bank from Borrower’s most recent Borrowing Base Certificate; provided, however, that Bank may decrease the foregoing amounts and/or percentages in its good faith business judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect Collateral.