U.S. Borrowing Base definition

U.S. Borrowing Base means, as of any date of determination, the result of:

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U.S. Borrowing Base means, at any time, an amount in Dollars equal to:

U.S. Borrowing Base means, at any time, the sum of:

Examples of U.S. Borrowing Base in a sentence

The Administrative Agent shall have received a Borrowing Base Certificate which calculates the U.S. Borrowing Base and the Canadian Borrowing Base as of February 28, 2022.
With respect to Inventory that has been included in the calculation of the U.S. Borrowing Base or Canadian Borrowing Base, no Loan Party shall acquire or accept any such Inventory on consignment or approval and the Loan Parties shall take all commercially reasonable steps to assure that all Inventory is produced in accordance with applicable Law, including the FLSA; except in any such case where the failure to do so could not reasonably be expected to result in a Material Adverse Effect.
Each Borrowing Base Certificate shall set forth the calculation of the U.S. Borrowing Base in Dollars and of the Canadian Borrowing Base in the Dollar Equivalent.
Subject to the provisions hereof expressly permitting the Administrative Agent to adjust Reserves, the U.S. Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 5.01(e) (or, prior to the first such delivery, delivered to the Administrative Agent pursuant to Section 4.01(r)).

More Definitions of U.S. Borrowing Base

U.S. Borrowing Base means, at any time of calculation, an amount equal to the sum of, without duplication:

U.S. Borrowing Base means, as of any date of determination by Agent, from time to time, an amount equal to the sum at such time of:

U.S. Borrowing Base means, at any time, with respect to the US Loan Parties, the sum of:

U.S. Borrowing Base means, as of any date of determination thereof, an amount equal to the sum of:

U.S. Borrowing Base means the sum, in Dollars, of the following as set forth in the most recently delivered US Borrowing Base Certificate:

U.S. Borrowing Base means, on any date of determination, an amount equal to the Loan Value of the Eligible Collateral of the U.S. Borrowers less the Availability Reserve to the extent attributable to the U.S. Loan Parties, the U.S. Finance Obligations or the U.S. Collateral in the Administrative Agent’s Credit Judgment on such date.

U.S. Borrowing Base means, on any date of determination, an amount (calculated based on the most recent Borrowing Base Certificate delivered to the Agents in accordance with this Agreement) equal to