Revolving Borrowing Base definition

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

Revolving Borrowing Base means as of any date of calculation, the lesser of (1) the Aggregate Revolving Commitments and (2) the sum of:

Revolving Borrowing Base means, the sum of, without duplication:

Examples of Revolving Borrowing Base in a sentence

• Additionally, there shall be no limitation on the number or frequency of Inventory appraisals if an Event of Default has occurred and is continuing, and the Loan Parties shall be responsible for the costs and expenses of any such appraisals conducted (x) while an Event of Default has occurred and is continuing or (y) at the request of a Loan Party in connection with the addition of a new Loan Party or new Revolving Borrowing Base or FILO Borrowing Base assets hereto.

• In the event the FILO Agent conducts any such Acceptable Inventory Appraisals pursuant to the terms hereof, the Administrative Agent and the Borrowers shall promptly (but in any event within two (2) Business Days of receipt of the results of such appraisal from the FILO Agent) implement the Net Orderly Liquidation Value set forth in such appraisal to the calculation of the Revolving Borrowing Base and the FILO Borrowing Base.

• The Administrative Agent shall have received a Borrowing Base Certificate which calculates the initial Revolving Borrowing Base as of June 26, 2021, accompanied by such supporting documentation and reporting as the Administrative Agent may reasonably require.

• A borrowing base report for the Revolving Borrowing Base and the Advancing Borrowing Base signed by the Chief Financial Officer of Borrower within thirty (30) days after the end of each month of each fiscal year, in form and detail satisfactory to Lender.

• If at any time the aggregate principal amount outstanding under the Borrowing Base Line of Credit shall exceed an amount equal to the Revolving Borrowing Base (as such term is defined hereinbelow), Borrower agrees to immediately repay to Lender such excess amount, plus all accrued but unpaid interest thereon.

More Definitions of Revolving Borrowing Base

Revolving Borrowing Base means as of any date of calculation, the lesser of (1) the Aggregate Commitments and (2) the sum of:

Revolving Borrowing Base means, as of the date of determination thereof, an amount equal to:

Revolving Borrowing Base shall have the meaning set forth hereinbelow: An amount equal to 80% of the Borrower’s Eligible Accounts, plus 55% of the Borrower’s Eligible Inventory minus the outstanding principal balance of the Borrowing Base Advance Facility (hereinafter defined); provided, however, the outstanding amount Advanced against Eligible Inventory at any time shall not exceed 50% of total outstanding Advances (herein so called) under the Borrowing Base Line of Credit.

Revolving Borrowing Base means an amount equal to the Global Borrowing Base less the aggregate amount of the "Loans" (as defined in the Canadian Term Credit Agreement) outstanding pursuant to the Canadian Term Credit Agreement.

Revolving Borrowing Base means, at any time of determination, the sum of the following as set forth (other than with respect to clause (e) or clause (f)) in the most recently delivered Borrowing Base Certificate:

Revolving Borrowing Base has meaning specified in Section 2.7.

Revolving Borrowing Base means, as of any date of determination by Agent, at the direction of the Revolving Lenders, from time to time, an amount equal to the lesser of (x) the Aggregate Revolving Loan Commitment then in effect and (y) the sum at such time of: