Borrowing Base Calculation. Each calculation by the Borrowers of the Borrowing Base as shown in any Borrowing Base Certificate and the valuation thereunder is complete and accurate in all material respects.
Borrowing Base Calculation. The calculation by the Company of the Borrowing Base and the valuation thereunder is complete and accurate.
Borrowing Base Calculation. The Borrowing Base for the Borrower, as of _________ __, 20__, is as follows:
A. Total Value of Acceptable Assets $__________________ of Borrower (“Acceptable Assets”)
B. 33-1/3% of Acceptable Assets $__________________
C. “senior securities representing indebtedness” $__________________ (as such term is used in the 1940 Act), other than Loans
D. Borrowing Base (line B minus line C) $__________________
Borrowing Base Calculation. The calculation of the Total Borrowing Base and each Borrowing Base (in each case, including the valuations thereunder) pursuant to the most recent Borrowing Base Certificate delivered pursuant to Sections 6.01(j) or 9.04(i) is complete and accurate (excluding any errors that are immaterial in nature).
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.
Borrowing Base Calculation. Total Borrowing Base (Adjusted as detailed in Exhibit A to Annex 1) $__________
Borrowing Base Calculation. Eligible Accounts
Borrowing Base Calculation. (a) Eligible Accounts
(i) 85% of Eligible Accounts2 $
(ii) the amount, if any, of the Dilution Reserve $
(iii) Item 1.a.. minus Item 1.b. $
(b) Eligible Expendables (i)$10,000,000 $ (ii)50% of the value (calculated at cost minus accumulated depreciation that is calculated in accordance with GAAP) of Eligible Expendables3 $
Borrowing Base Calculation. The Borrowing Base for the Borrower, as of ___, 20___, is as follows:
A. Total Value of Acceptable Assets of Borrower (“Acceptable Assets”) $ B. 33-1/3% of Acceptable Assets $
Borrowing Base Calculation. The maximum borrowing availability under this Agreement applicable to the Revolving Credit Loans shall be equal on any day during the term of this Agreement to the lesser of (i) Three Million Five Hundred Thousand and 00/100 Dollars ($3,500,000.00), or (ii) eighty percent (80%) of the aggregate gross amount of Qualified Accounts (the lesser of the amounts described in clauses (i) and (ii) of this sentence is sometimes referred to in this Agreement as the “Borrowing Base”).
