Borrowing Base Calculation. The calculation by the Administrative Borrower of the Borrowing Base and the valuation thereunder as set forth in each Borrowing Base Certificate is complete and accurate in all material respects.
Borrowing Base Calculation. The calculation by the Borrower Agent of the Borrowing Base in any Borrowing Base Certificate delivered to the Administrative Agent and the valuation thereunder is complete and accurate in all material respects.
Borrowing Base Calculation. The Borrowing Base for the Borrower, as of _________ __, 20__, is as follows:
Borrowing Base Calculation. The calculation of the Borrowing Base pursuant to the most recent Borrowing Base Certificate delivered pursuant to Section 9.01(j) is complete and accurate (excluding any errors that are immaterial in nature).
Borrowing Base Calculation. 1. Eligible Accounts
Borrowing Base Calculation. (1) Total Borrowing Base (Adjusted as detailed in Exhibit A to Annex 1) $__________
Borrowing Base Calculation. As of the date of any Borrowing Base Certificate, (a) all Accounts included in the calculation of Eligible Accounts in such Borrowing Base Certificate satisfy the applicable requirements included in the definition of “Eligible Accounts” (b) all Inventory included in the calculation of Eligible Inventory in such Borrowing Base Certificate satisfies the applicable requirements included in the definition of “Eligible Inventory”, as applicable, and (c) all cash and Cash Equivalents included in the calculation of Eligible Borrowing Base Cash in such Borrowing Base Certificate satisfy the applicable requirements included in the definition of “Eligible Borrowing Base Cash”, except, in the case of clauses (a), (b) and (c), where the failure to satisfy such requirements is not materially adverse to the interests of the Lenders. ARTICLE VI
Borrowing Base Calculation. The calculation by the Company of the Borrowing Base and the valuation thereunder is complete and accurate. 8.18
Borrowing Base Calculation. (1) Subscription Borrowing Base $__________ (2) Portfolio Leverage Borrowing Base $__________
Borrowing Base Calculation. (a) The product of (i) 1.0 multiplied by (ii) the TTM EBITDA for the most recently ended 12 month period for which financial statements have been delivered pursuant to Section 5.3 $
