UK Borrowing Base definition

UK Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication:

UK Borrowing Base means, at any time, with respect to the UK Loan Parties, the sum of:

UK Borrowing Base means, at any time, with respect to the UK Borrower and the Eligible UK Subsidiaries, if any, the sum (expressed in Dollars, based on Exchange Rates prevailing at the time the applicable Borrowing Base Certificate is prepared) of:

Examples of UK Borrowing Base in a sentence

• U.K. Availability: as of any date of determination, the U.K. Borrowing Base as of such date of determination minus the aggregate principal amount of all U.K. Revolver Loans outstanding on such date of determination.

• Subject to Section 2.1.6, if an Overadvance exists at any time, US Borrowers or UK Borrowers, as applicable shall, on the sooner of Agent’s demand or the first Business Day after any applicable Borrower has knowledge thereof, repay Revolver Loans in an amount sufficient to reduce US Revolver Usage to the US Borrowing Base or UK Revolver Usage to the UK Borrowing Base, as applicable.

• In no event shall UK Lenders have any obligation to honor a request for a UK Revolver Loan if (a) UK Revolver Usage at such time plus the requested UK Revolver Loan would exceed the UK Borrowing Base or (b) the sum of the UK Revolver Usage at such time plus the requested UK Revolver Loan plus the US Revolver Usage at such time would exceed the aggregate Revolver Commitments.

• U.K. Borrowing Base: on any date of determination, an amount equal to the lesser of (a) the result of: (i) the Maximum U.K. Facility Amount, minus (ii) the U.K. LC Reserve, minus (iii) the U.K. Top Golf Reserve; or (b) the result of: (i) the U.K. Accounts Formula Amount, plus (ii) the U.K. Inventory Formula Amount, plus (iii) 100% of the amount of U.K. Pledged Cash, minus (iv) the U.K. Availability Reserve.

• The U.K. Borrowing Base shall set forth the calculation of the U.K. Borrowing Base in each of British Pounds, Dollars and Euros and the Dollar Equivalent thereof along with the Exchange Rate used to determine such Dollar Equivalent.

More Definitions of UK Borrowing Base

UK Borrowing Base means, as of any date of calculation, the amount calculated pursuant to the Borrowing Base Certificate most recently delivered to the Administrative Agent in accordance with Section 9.01(i) (but as modified as provided below in this definition), equal to, without duplication, the sum of

UK Borrowing Base means, as of any date of determination, the result of:

UK Borrowing Base means, at any time, the sum of:

UK Borrowing Base means, with respect to the U.K. Loan Parties at any time, subject to the Eligibility Adjustment Principles and Borrowing Base Acquisition Adjustment Principles, the amount (expressed as a U.S. Dollar Equivalent amount) equal to:

UK Borrowing Base means, as of any date of determination, the Dollar Equivalent amount equal to the result of:

UK Borrowing Base means, as of any date of determination the amount equal to the sum of:

UK Borrowing Base means an amount equal to eighty percent (80%) of the aggregate book value of all Receivables owed or owing to the UK Subsidiaries on a consolidated basis as shown on the books and records of the UK Subsidiaries, as set forth in the most recent UK Borrowing Base Certificate delivered to the Administrative Agent in accordance with the terms of Section 7.1(e).