U.S. Borrowing Base definition
U.S. Borrowing Base means, as of any date of determination, the result of:
U.S. Borrowing Base means, at any time, an amount in Dollars equal to:
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 26, 2017.
More Definitions of U.S. Borrowing Base
U.S. Borrowing Base means, as of any date of determination, from time to time, as to the U.S. Credit Parties, an amount equal to the sum at such time of:
U.S. Borrowing Base means, at any time, the sum of:
U.S. Borrowing Base means, as of any date of calculation, the amount calculated pursuant to the Borrowing Base Certificate most recently delivered to the Administrative Agent in accordance with Section 9.01(h) equal to, 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 the sum, in Dollars, of the following as set forth in the most recently delivered US Borrowing Base Certificate:
U.S. Borrowing Base means, as of any date of determination (without duplication), the sum of (i) 100% of cash and Cash Equivalent balances in Dollars of the U.S. Loan Parties in the U.S. Borrowing Base Cash Collateral Account and the U.S. Availability Cash Collateral Account plus (ii) 90% of Eligible Credit Card Receivables of the U.S. Loan Parties plus (iii) 85% of Eligible Accounts of the U.S. Loan Parties plus (iv) 50% of the value of Eligible Raw Materials of the U.S. Loan Parties plus (v) the Trademark Component plus (vi) the lesser of (A)(I) 95% of the lower of cost or market value of Eligible Finished Goods of the U.S. Loan Parties plus (II) 50% of the lower of cost or market value of Eligible Third Party Logistics Goods of the U.S. Loan Parties and (B)(I) 90% of the Net Orderly Liquidation Value of Eligible Retail Finished Goods of the U.S. Loan Parties plus (II) 85% of the Net Orderly Liquidation Value of Eligible Wholesale Finished Goods and Eligible Third Party Logistics Goods of the U.S. Loan Parties (which shall not exceed 100% of the cost of Eligible Wholesale Finished Goods and Eligible Third Party Logistics Goods of the U.S. Loan Parties) minus (vii) without duplication, Reserves established by the Administrative Agent in its Permitted Discretion.