Borrowing Base Definitions Sample Clauses

Borrowing Base Definitions. With respect to the Borrowing Base, the following terms shall have the following meanings:
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Borrowing Base Definitions. As used in this Section 4 and in the other provisions of this Agreement and the other Loan Documents, the following terms shall have the following meanings, PROVIDED that (a) for the purpose of the use of each such term in determining the HomeSide Tranche A Borrowing Base or the HomeSide Tranche B Borrowing Base, (i) each reference to the Borrower therein shall be deemed to refer to HomeSide, (ii) each reference therein to the Borrower Security Agreement shall be deemed to refer to the HomeSide Security Agreement, and (iii) each reference to the Tranche A Borrowing Base or the Tranche B Borrowing Base therein shall refer to the HomeSide Tranche A Borrowing Base or the HomeSide Tranche B Borrowing Base, respectively, and (b) for the purpose of the use of each such term in determining the HonoMo Tranche A Borrowing Base or the HonoMo Tranche B Borrowing Base, (i) each reference to the Borrower therein shall be deemed to refer to HonoMo, (ii) each reference therein to the Borrower Security Agreement shall be deemed to refer to the HonoMo Security Agreement, and (iii) each reference to the Tranche A Borrowing Base or the Tranche B Borrowing Base therein shall refer to the HonoMo Tranche A Borrowing Base or the HonoMo Tranche B Borrowing Base, respectively:
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Borrowing Base Definitions. 56 4.4 Waiver of Requirements; Mark-xx-Market........................................... 72
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Borrowing Base Definitions. The Loan Agreement is amended by adding a new Exhibit A in the form of Exhibit A to this Amendment and the definitions of Borrowing Base, Eligible Domestic Inventory, and Eligible Receivables included in Exhibit A are incorporated into the Loan Agreement.
Sample 1
Borrowing Base Definitions. 9 2.1. Borrowing Base....................................................9 2.2. Available Cash....................................................9 2.3. Developed Lots....................................................9 2.4. Eligible Lumber Inventory........................................10 2.5. Eligible Real Estate.............................................10 2.6.
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Borrowing Base Definitions. The term “Borrowing Base” is defined as the sum of the following: (a) 80% of the eligible accounts receivable. This 80% advance rate is subject to a collateral audit and its findings must be satisfactory to Bank. The advance rate can be reduced as result of the collateral audit as it will also review the quality of the accounts receivable and any related dilution based on a field examination of Borrower’s assets.
Sample 1
Borrowing Base Definitions. 8 2.1. Borrowing Base................................................................ 8 2.2. Available Cash................................................................ 9 2.3. Developed Lots and Fall Foundation Lots....................................... 9 2.4. [Intentionally Omitted.]...................................................... 10 2.5. [Intentionally Omitted.]...................................................... 10 2.6. Eligible Lumber Inventory..................................................... 9 2.7. Eligible Real Estate.......................................................... 9 2.8. Investments in Joint Ventures................................................. 10 2.9. Lots Under Development........................................................ 10 2.10. Model Homes................................................................... 10 2.11. Real Estate Held for Development.............................................. 10 2.12. Home Work-in-Process.......................................................... 10 2.13. Speculative Homes............................................................. 11 2.14. Mutual Exclusivity............................................................ 11
Sample 1
Borrowing Base Definitions. The following terms when used herein have the following meanings: "Borrowing Base" means, as of any time it is to be determined, (a) 80% of the net book value of Eligible Accounts plus (b) 50% of the value of Eligible Inventory consisting of raw materials or finished goods plus (c) 25% of Eligible Inventory consisting of work-in-process, plus (d) the Allowable Over Advance minus (e) the aggregate principal amount outstanding under the Teachers' Note.
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Borrowing Base Definitions 
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Related to Borrowing Base Definitions

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  • Applicable Margin On the Third Amendment Effective Date and thereafter, the Applicable Margin with respect to the Term Loan D Loans shall be for Base Rate Advances, 1.50%, and for LIBOR Advances, 2.50%. The Applicable Margin with respect to the Term Loan D Loans shall be subject to reduction or increase, as applicable, and as set forth in the tables below, based upon the Borrower Leverage Ratio and the Senior Leverage Ratio set forth on a pro forma basis in any Request for Advance and as reflected in the financial statements required to be delivered for the fiscal quarter most recently ended pursuant to Section 6.1 or Section 6.2 hereof; provided that the Applicable Margins set forth in the tables below shall be increased by 25 bps at any time when the Senior Leverage Ratio is greater than 2.5 to 1.0. The adjustment provided for in this Section 2.3(f)(ii) shall be effective (A) with respect to an increase of the Applicable Margin, as of the second (2nd) Business Day after the earliest of (1) with respect to Base Rate Advances, the day on which any Request for Advance is delivered, (2) with respect to LIBOR Advances, the day on which the requested Advance is made or (3) the day on which financial statements are required to be delivered to the Administrative Agent pursuant to Sections 6.1 and 6.2 hereof, as the case may be, and (B) with respect to a decrease in the Applicable Margin, as of the second (2nd) Business Day after the earliest of (1) with respect to Base Rate Advances, the day on which any Request for Advance is delivered, (2) with respect to LIBOR Advances, the day on which the requested Advance is made or (3) except with respect to Interest Periods ending (or other payments of interest occurring) before the date that such financial statements are actually delivered to the Administrative Agent, the day on which such financial statements are required to be delivered to the Administrative Agent pursuant to Section 6.1 or 6.2 hereof. Notwithstanding the foregoing, if the Borrower shall fail to deliver financial statements within forty-five (45) days after the end of any of the first three fiscal quarters of the Borrower’s fiscal year (or within ninety (90) days after the end of the last fiscal quarter of the Borrower’s fiscal year), as required by Sections 6.1 or 6.2 hereof, it shall be conclusively presumed that the Applicable Margin is based upon a Borrower Leverage Ratio equal to the highest level set forth in the table below and a Senior Leverage Ratio greater than 2.5 to 1.0 for the period from and including the forty-sixth (46th) day (or ninety-first (91st) day, in the case of the last quarter) after the end of such fiscal quarter, as the case may be, to the Business Day following the delivery by the Borrower to the Administrative Agent of such financial statements: Greater than 4.00 to 1.00 1.50% 2.50% Less than or equal to 4.00 to 1.00 1.25% 2.25%

  • Provisions Related to Extended Revolving Credit Commitments If the maturity date in respect of any tranche of Revolving Credit Commitments occurs prior to the expiration of any Letter of Credit, then (i) if one or more other tranches of Revolving Credit Commitments in respect of which the maturity date shall not have occurred are then in effect, such Letters of Credit shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Credit Loans and payments in respect thereof pursuant to Section 2.03(d)) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating tranches up to an aggregate amount not to exceed the aggregate principal amount of the unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrower shall Cash Collateralize any such Letter of Credit in accordance with Section 2.17. If, for any reason, such Cash Collateral is not provided or the reallocation does not occur, the Revolving Credit Lenders under the maturing tranche shall continue to be responsible for their participating interests in the Letters of Credit. Except to the extent of reallocations of participations pursuant to clause (i) of the second preceding sentence, the occurrence of a maturity date with respect to a given tranche of Revolving Credit Commitments shall have no effect upon (and shall not diminish) the percentage participations of the Revolving Credit Lenders in any Letter of Credit issued before such maturity date. Commencing with the maturity date of any tranche of Revolving Credit Commitments, the sublimit for Letters of Credit shall be agreed with the Lenders under the extended tranches.

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