Average Borrowing Base Capacity determination Clause Samples

Average Borrowing Base Capacity determination. As of the Effective Date, is the Average Borrowing Base Capacity as calculated for the 30 day period then ended (as detailed on an attached schedule) equal to or less than $50,000,000. Yes_______ No _______ If yes, Borrower must be in compliance with the Minimum Quarterly Debt Coverage Ratio below.