Examples of Borrowing Base Percentage in a sentence
Borrowing Base Percentage Commitment Fee ------------------------- -------------- Less than or equal to 50% one-fourth of one percent (1/4%) Greater than 50% three-eighths of one percent (3/8%) If the Borrowing Base Percentage during any Quarterly Period should increase above 50% or decrease below 50% (or both), the Commitment Fee shall be prorated as to the number of days during the Quarterly Period that the Borrowing Base Percentage was above or below 50%, as the case may be.
The Borrower shall not permit the Borrowing Base Percentage to be less than or equal to 115% at any time after the Original Closing Date.
With respect to Item 2 of the Schedule to the Loan Agreement, the Inventory Borrowing Base Percentage is hereby reduced from 65% to 63%.
Subject to Section 4.03(c), the Borrowing Base Percentage shall be determined by reference to the most recent Borrowing Base Report prepared by the Collateral Agent, giving effect, however, to all Transactions which have taken place since the Close of Business on the immediately preceding Business Day, in each case to the extent the Collateral Agent has verified each such Transaction pursuant to the relevant Section as at the time of such determination.
The Borrower shall not permit the Borrowing Base Percentage to be less than or equal to 115% at any time after the Closing Date.