Common use of Calculation of Borrowing Base Clause in Contracts

Calculation of Borrowing Base. (a) For purposes of this Agreement, the “Borrowing Base” shall mean, as at any date of determination, as the sum of the Advance Rates of the Value of each Portfolio Investment (excluding any cash held by the Administrative Agent pursuant to Section 2.05(k)); provided that:

Calculation of Borrowing Base. (a) For purposes of this Agreement, the “Borrowing Base” shall meanmean and be determined as, as at any date of determination, as the sum (expressed in Dollars) of the Advance Rates products of (x) the Value of each Portfolio Investment (excluding any cash held by Specified Financial Asset that is an Eligible Specified Financial Asset as of the Administrative Agent most recent date such Value is required to be determined pursuant to Section 2.05(k))6.02 and (y) the Specified Percentage applicable to such Specified Financial Asset; provided that:

Calculation of Borrowing Base. (a) For purposes of this Agreement, the “Borrowing Base” shall meanbe determined, as at any date of determination, as the sum of the Advance Rates of the Value of each Portfolio Investment (excluding any cash Cash Collateral held by the Administrative Agent pursuant to Section 2.05(k) or the last paragraph of Section 2.09(a)); provided that:

Calculation of Borrowing Base. (a) For purposes of this Agreement, the “Borrowing Base” shall meanbe determined, as at any date of determination, as the sum of the Advance Rates of the Value of each Portfolio Investment (excluding any cash Cash Collateral held by the Administrative Agent pursuant to Section 2.05(k)); provided that:) or the last paragraph of