Working Capital Borrowing Base definition

Working Capital Borrowing Base means "Borrowing Base" as defined in the Working Capital Credit Agreement (as in effect on the date hereof or as amended pursuant to an amendment agreed to in writing by the Agents).

Working Capital Borrowing Base means as of any date of calculation, an amount, as set forth on the most current Borrowing Base Certificate delivered to the Administrative Agent, equal to the sum of:

Working Capital Borrowing Base means at any date all Eligible Servicing Receivables in which the Administrative Agent holds for the benefit of the Lenders a first priority perfected security interest at such date.

Examples of Working Capital Borrowing Base in a sentence

• Because the August 7, 1996 and August 15, 1996 Reconciliation Reports reflected that Outstanding Working Capital Obligations exceeded the Working Capital Borrowing Base and the Borrowers failed to make a prepayment in the amount of such excess within one (1) day thereof, the Borrowers are not in compliance with Section 2.08, MANDATORY PREPAYMENTS of the Credit Agreement.

• There exists an Acceptable Security Interest in all Property included in the Working Capital Borrowing Base.

• During the period from the date hereof to the first date on which the Borrowing Base is redetermined, the Working Capital Borrowing Base shall be $36,589,000, the Cash Earnings Borrowing Base shall be $31,984,000, and the Borrowing Base shall be $55,000,000.

• In particu- lar, the factors in Section 3.2.2 and Section 3.2.3 are costly to sum over due to their ternary struc- ture and the fact that there are quadratically many of them in the number of mentions.

• Thus, even for debt transactions taking place through the trading platform of stock exchanges, the settlement takes place directly between the participants.

More Definitions of Working Capital Borrowing Base

Working Capital Borrowing Base means at any time an amount equal to the sum of 50% of Eligible Accounts Receivable, plus 50% of Eligible Inventory.

Working Capital Borrowing Base means, collectively, the "Domestic Borrowing Base" and the "Canadian Borrowing Base" as each such term is defined in the Working Capital Loan Agreement as such agreement is in effect on the date hereof.

Working Capital Borrowing Base is defined in the definition of "Borrowing Base".

Working Capital Borrowing Base shall have the meaning specified in ------------------------------ Section 1.5.

Working Capital Borrowing Base means the "Borrowing Base", as such term is defined in and calculated under the Working Capital Loan Agreement as in effect on the date hereof, including the applicable percentage (as in effect on the Closing Date) of "Eligible Receivables" and "Eligible Backlog" (as such terms are defined in the Working Capital Loan Agreement as in effect on the Closing Date) set forth in such definition of "Borrowing Base", and giving effect to any reserves (including, without limitation, the reserve for Working Capital LC Obligations) from time to time established by the Working Capital Lender against such Borrowing Base in accordance with the Working Capital Loan Agreement.

Working Capital Borrowing Base is amended by inserting after "time" in the first line thereof the following: "prior to August 30, 1996 and on and after January 1, 1997,".

Working Capital Borrowing Base means "Borrowing Base" as such term is defined in the Working Capital Credit Agreement.