Borrowing Base Amount. The Borrowing Base Amount shall be determined on each Forecast Date pursuant to a Forecast prepared in accordance with the Forecasting Procedures. The Borrowing Base Amount so determined shall apply for the duration of the next succeeding Forecast Period or until a new Forecast is prepared.
Borrowing Base Amount. Section 1.01 of the Credit Agreement is hereby amended by deleting the definition of “Borrowing Base Amount” in its entirety and substituting the following therefor:
Borrowing Base Amount. The Company shall procure that the Borrowing Base Amount shall at all times be zero or a positive number.
Borrowing Base Amount. In the event that at any time either any Loan Account or the Borrowing Base Certificate most recently delivered by the Borrower to the Agent shows that the Outstanding Revolving Credit Amount exceeds the Borrowing Base, the Borrower shall repay, simultaneously with the delivery of any such Borrowing Base Certificate to the Agent or upon demand by the Agent, whichever is earlier, an amount which is sufficient to reduce the Outstanding Revolving Credit Amount so that, after such repayment, the Borrowing Base has not been exceeded. Until such repayment occurs, the Lenders shall not be required to make additional Revolving Credit Loans to the Borrower, and the Issuing Bank shall not be required to issue any Letters of Credit.
Borrowing Base Amount. The Borrowing Base Amount shall be determined as follows:
Borrowing Base Amount. Maintain, and cause each of its Subsidiaries to maintain, the Borrowing Base Amount (less the Intangible Tax Reserve) as defined in Section 1.01 hereto in excess of all outstanding Advances.
Borrowing Base Amount. Permit the Total Outstandings at any time to exceed the Borrowing Base Amount at such time.
Borrowing Base Amount. Upon the Bank's receipt of the Borrower's field audit, in form and substance acceptable to the Bank, the definition of Borrowing Base Amount set forth in Section 1. 1 of the Agreement shall be amended and restated in its entirety as follows:
Borrowing Base Amount. The lesser of (i) the Borrowing Base Amount and (ii) the Mortgageability Amount to be $130,000,000 or greater.
Borrowing Base Amount. (i) The aggregate Revolving Commitments of the Lenders, Swingline Lender and Issuing Bank $ ___________
