Facility A Borrowing Base definition

Facility A Borrowing Base means, as of any date of determination thereof by the Agent from time to time, an amount, without duplication, equal to the aggregate at such time of:
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Facility A Borrowing Base means an amount not to exceed the following as shown on the Bank’s records at any time and as reported by the Borrower prior to each request for a Facility A Revolving Loan and each request for a Letter of Credit and in a Facility A Borrowing Base Certificate as required by this Agreement:
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Facility A Borrowing Base or "Facility B Borrowing Base" shall be effective without the prior written consent of Nortel whether or not Nortel is a Lender at the time of such proposed amendment, waiver or consent.
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Examples of Facility A Borrowing Base in a sentence

  • SunOpta and SunOpta Food Group, as applicable, shall have provided the Agent with all Borrowing Base Certificates and other evidence relating to Facility A Borrowing Base, the Facility B Borrow Base and Excess Availability as the Agent may require in accordance with the terms hereof.

  • The unused portion of the Facility A Borrowing Base Amount shall be determined on a daily basis by subtracting from the Facility A Borrowing Base Amount the Total Outstandings under Facility A, and by averaging said daily amounts for the period for which the fee is to be determined.

  • The Facility A Borrowing Base is hereby amended to provide for a 70% advance rate on Deemed Eligible Underlying Loans.

  • At any time that the aggregate principal amount outstanding under Facility A exceeds the Facility A Borrowing Base, Borrower shall immediately prepay the amount by which such aggregate principal amount outstanding exceeds such borrowing base, together with interest accrued on the amount of the prepayment.

  • Subject to availability under the Facility A Borrowing Base Amount, Borrower also is entitled to prepay at any time, without premium or penalty, outstanding indebtedness under Facility B with proceeds from an Advance under Facility A.


More Definitions of Facility A Borrowing Base

Facility A Borrowing Base set forth in Section 8 of Annex 2 to the Loan Agreement is hereby amended and restated in its entirety as follows:
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Facility A Borrowing Base means, on any date of determination ------------------------- thereof, the amount equal to 85% of the aggregate amount of Eligible Accounts of the Borrower and its Material Subsidiaries and Holdings. The Facility A Borrowing Base (including without limitation, the amount of Eligible Accounts) on any date shall be determined by the Agent in accordance with the provisions of Section 2.1.1(c). ----------------
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Facility A Borrowing Base. The phrase "which constitute principal ------------------------- payments on the Transferred Receivables and which are "shall be inserted after the words "Collection Account" in clause (iii) of such ------------ definition.
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Facility A Borrowing Base means, as of any date, the lesser of: (a) the Facility A Maximum Principal Amount; or (b) 75% of the aggregate amount of Eligible Accounts Receivable.
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Facility A Borrowing Base means, on any date of determination
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Facility A Borrowing Base means, as of any date, the sum of (a) an amount equal to 80% of the value of Eligible Accounts Receivable plus (b) an amount equal to 35% of the value of Eligible Inventory constituting raw material, provided, that, the total amount of reliance under this clause (b) plus the reliance on the Facility B Borrowing Base may not exceed $5,000,000, plus (b) an amount equal to $4,800,000, representing 80% of the appraised value of the Mortgaged Property.
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Facility A Borrowing Base means an amount equal to the lesser of (i) ------------------------- the Facility A Loan Commitment and (ii) the total of (a) 80% of the unpaid amount (net of such reserves and allowances as the Lender deems necessary in its reasonable discretion) of all Eligible Domestic Accounts plus (b) 40% of the unpaid amount (net of such reserves and allowances as the Lender deems necessary in its reasonable discretion) of all Eligible Foreign Accounts (subject to a maximum advance of US$3,000,000). At no time shall Bauer Accounts qualify as either Eligible Domestic Accounts or El▇▇▇▇▇e Foreign Accounts for purposes of Facility A Loans or the Facility A Borrowing Base.
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