Revolving Borrowing Base definition

Revolving Borrowing Base means as of any date of calculation, the lesser of (1) Aggregate Revolving Commitments or (2) the sum of:
Revolving Borrowing Base means, at any time of calculation, an amount equal to:
Revolving Borrowing Base means, the sum of, without duplication:

Examples of Revolving Borrowing Base in a sentence

  • The lenders of the Australian operations interest-bearing borrowings agreed to extend the Revolving Borrowing Base facility maturity date until 10 March 2024 at a revised margin of 1,6%.As security for the South Africa and Australia loan facilities granted to the Group, a shared security agreement was entered into that holds a cession over the trade receivables between specified operating subsidiaries of the Adcorp Group.


More Definitions of Revolving Borrowing Base

Revolving Borrowing Base means, as of the date of determination thereof, an amount equal to:
Revolving Borrowing Base shall have the meaning set forth hereinbelow: An amount equal to 80% of the Borrower’s Eligible Accounts, plus 55% of the Borrower’s Eligible Inventory minus the outstanding principal balance of the Borrowing Base Advance Facility (hereinafter defined); provided, however, the outstanding amount Advanced against Eligible Inventory at any time shall not exceed 50% of total outstanding Advances (herein so called) under the Borrowing Base Line of Credit.
Revolving Borrowing Base means an amount equal to the Global Borrowing Base less the aggregate amount of the "Loans" (as defined in the Canadian Term Credit Agreement) outstanding pursuant to the Canadian Term Credit Agreement.
Revolving Borrowing Base means, at any time of determination, the sum of the following as set forth (other than with respect to clause (e) or clause (f)) in the most recently delivered Borrowing Base Certificate:
Revolving Borrowing Base has meaning specified in Section 2.7.
Revolving Borrowing Base means, as of any date of determination by Agent, at the direction of the Revolving Lenders, from time to time, an amount equal to the lesser of (x) the Aggregate Revolving Loan Commitment then in effect and (y) the sum at such time of:
Revolving Borrowing Base means the “Borrowing Base” as defined in the Revolving Credit Agreement.