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. 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.
Sample 1
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. 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. 56 4.4 Waiver of Requirements; Mark-xx-Market........................................... 72
Sample 1
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:
Sample 1
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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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  • Definitions and Usage Except as otherwise specified herein or as the context may otherwise require, capitalized terms used but not otherwise defined herein are defined in Appendix A hereto, which also contains rules as to usage that shall be applicable herein.

  • Applicable Margin (i) The Applicable Margin provided for in Section 5.1(a) with respect to any Revolving Credit Loans and Swingline Loans (the "Applicable Margin") shall be based upon the table set forth below and shall be determined and adjusted quarterly on the date (each a "Calculation Date") ten (10) Business Days after the date by which the Borrower is required to provide an Officer's Compliance Certificate for the most recently ended fiscal quarter of the Borrower; provided, however, that (A) the initial Applicable Margin for the Revolving Credit Loans and Swingline Loans shall be based on Pricing Level IV (as shown below) and shall remain at Pricing Level IV until December 31, 2001, and, thereafter the Pricing Level shall be determined by reference to the Total Leverage Ratio as of the last day of the most recently ended fiscal quarter of the Borrower preceding the applicable Calculation Date, and (B) if the Borrower fails to provide the Officer's Compliance Certificate as required by Section 8.2 for the most recently ended fiscal quarter of the Borrower preceding the applicable Calculation Date, the Applicable Margin for Revolving Credit Loans and Swingline Loans from such Calculation Date shall be based on Pricing Level IV (as shown below) until such time as an appropriate Officer's Compliance Certificate is provided, at which time the Pricing Level shall be determined by reference to the Total Leverage Ratio as of the last day of the most recently ended fiscal quarter of the Borrower preceding such Calculation Date. The Applicable Margin for Revolving Credit Loans and Swingline Loans shall be effective from one Calculation Date until the next Calculation Date. Any adjustment in the Applicable Margin shall be applicable to all Extensions of Credit then existing or subsequently made or issued. PRICING LEVEL TOTAL LEVERAGE RATIO LIBOR BASE RATE ------------- -------------------- ----- --------- I <2.00x 2.25% 1.25% II greater than or equal to 2.00x but <2.50x 2.50% 1.50% III greater than or equal to 2.50x but <3.00x 2.75% 1.75% IV greater than or equal to 3.00x 3.00% 2.00% (ii) Subject to the provisions of Section 4.6(g), the Applicable Margin for Term Loans shall be based on the table set forth below and shall be determined and adjusted on each Calculation Date until such time as any change in the Applicable Margin or pricing grid, as applicable for Term Loans pursuant to Section 4.6; provided, however that (A) the initial Applicable Margin for Term Loans shall be based on Pricing Level II until the Calculation Date of March 31, 2002 and (B) if the Borrower fails to provide the Officer's Compliance Certificate as required by Section 8.2 for the most recently ended fiscal quarter of the Borrower preceding the applicable Calculation Date, the Applicable Margin for Term Loans from such Calculation Date shall be based on Pricing Level II (as shown below) until such time as an appropriate Officer's Compliance Certificate is provided, at which time the Pricing Level shall be determined by reference to the Total Leverage Ratio as of the last day of the most recently ended fiscal quarter of the Borrower preceding such Calculation Date. The Applicable Margin for Term Loans shall be effective from one Calculation Date until the next Calculation Date. Any adjustment in the Applicable Margin shall be applicable to all Term Loans then existing or subsequently made or issued. Applicable LIBOR Applicable Base Rate Level Total Leverage Ratio Rate Margin (bps) Margin (bps) ----- -------------------- ----------------- -------------------- I < 2.50x 300.0 200.0 II greater than or equal to 2.50x 325.0 225.0

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  • Financial definitions In this Agreement:

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