Common use of Borrowing Base Clause in Contracts

Borrowing Base. Agent shall have received evidence from Borrowers that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrowers on the Closing Date;

Appears in 35 contracts

Samples: Security Agreement (Keane Group, Inc.), Security Agreement (Keane Group, Inc.), Revolving Creditandsecurity Agreement (TCP International Holdings Ltd.)

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Borrowing Base. Agent shall have received evidence from Borrowers Borrower that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrowers Borrower on the Closing Date;

Appears in 14 contracts

Samples: Security Agreement (Perma Fix Environmental Services Inc), Security Agreement (TCP International Holdings Ltd.), Security Agreement (TCP International Holdings Ltd.)

Borrowing Base. Agent shall have received evidence from Borrowers that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrowers on the Closing Date;

Appears in 14 contracts

Samples: Security Agreement (PHI Group, Inc./De), Security Agreement (PHI Group, Inc./De), Loan and Security Agreement (PHI Group, Inc./De)

Borrowing Base. Agent shall have received reasonable evidence from Borrowers that the aggregate amount of Eligible Receivables, Eligible Unbilled Receivables and Eligible Inventory is sufficient in value and amount to support Revolving Advances in the amount requested by Borrowers on the Closing Date;

Appears in 6 contracts

Samples: Security Agreement (Dril-Quip Inc), Guaranty and Security Agreement (Dril-Quip Inc), Guaranty and Security Agreement (Dril-Quip Inc)

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Borrowing Base. Agent shall have received evidence from Borrowers that the aggregate amount of Eligible Receivables, Eligible Foreign Receivables, Eligible Insured Foreign Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrowers on the Closing Date;

Appears in 1 contract

Samples: Security Agreement (Brightstar Corp.)

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