Working Capital Loan Borrowing Base definition

Working Capital Loan Borrowing Base means, at any time such determination is made, an amount calculated in accordance with the Working Capital Loan Borrowing Base Certificate equal to the sum of (i) 85% of Eligible Accounts Receivables and (ii) the least of (A) 50% of the Eligible Inventory, (B) $10,000,000 and (C) the amount in clause (i).
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Working Capital Loan Borrowing Base means an amount equal to twenty five percent (25%) of the sum of (i) the unpaid principal balance payable under the Working Capital Loan Eligible Instruments against which a Working Capital Loan Advance will be made and (ii) any cash down payments then made by the Purchaser under such Working Capital Loan Eligible Instruments at the time of such Working Capital Loan Advance; provided that the proceeds of the cash down payments are held and shall continue to be held in Escrow by Escrow Agent.
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Examples of Working Capital Loan Borrowing Base in a sentence

  • Within the limits of the Working Capital Commitment, the Borrower may borrow, prepay and reborrow pursuant to the terms hereof; provided, however, that the Working Capital Exposure shall at no time exceed the lesser of (y) the Working Capital Commitment or (z) the Working Capital Loan Borrowing Base.

  • Simultaneously with the delivery of Eligible Instruments to correct a Working Capital Loan Borrowing Base Shortfall, Borrower will deliver to Lender or cause Receivables Trustee to deliver to Lender all of the items (except for a "Request for Working Capital Loan Advance and Certification") required to be delivered by Borrower to Lender pursuant to paragraph 4.2, together with a "Borrower's Certificate" in form and substance substantially identical to Exhibit C.

  • Lender further hereby agrees, if Borrower has Performed all of the Obligations then due, to make Advances of the Working Capital Loan to Borrower in accordance with the terms and conditions of this Agreement for the purposes specified in paragraph 2.4. The maximum amount of an Advance of the Working Capital Loan shall be equal to (a) the aggregate Working Capital Loan Borrowing Base less (b) the then unpaid principal balance of the Working Capital Loan.

Related to Working Capital Loan Borrowing Base

  • Working Capital Loans means any loan made to Acquiror by any of the Sponsor, an Affiliate of the Sponsor, or any of Acquiror’s officers or directors, and evidenced by a promissory note, for the purpose of financing costs incurred in connection with a Business Combination.

  • Working Capital Loan has the meaning specified in Section 2.1(c).

  • Working Capital Borrowings means borrowings incurred pursuant to a credit facility, commercial paper facility or similar financing arrangement that are used solely for working capital purposes or to pay distributions to the Partners; provided that when such borrowings are incurred it is the intent of the borrower to repay such borrowings within 12 months from the date of such borrowings other than from additional Working Capital Borrowings.

  • Working Capital Lender means any Lender that has a Working Capital Commitment.

  • Working Capital Advance has the meaning specified in Section 2.01(c).

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

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

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Borrowing Base means, at any time of calculation, an amount equal to:

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Working Capital Amount shall have the meaning specified in Section 3.4(e).

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Working Capital Reserve shall have the meaning set forth in the Partnership Agreement.

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.