Domestic Borrowing Base Sample Clauses

Domestic Borrowing Base. At the relevant time of reference thereto, an amount determined by the Administrative Agent by reference to the most recent Borrowing Base Report delivered to the Lenders pursuant to §8.4(e) which is equal to the sum of:

Domestic Borrowing Base on any date of determination, an amount equal to the lesser of (a) the aggregate amount of Domestic Revolver Commitments, minus the Domestic LC Reserve; or (b) the sum of the Domestic Accounts Formula Amount, plus the Domestic Inventory Formula Amount, minus the Domestic Availability Reserve. Domestic Guarantors: each Person organized under the laws of the United States of America or any state, protectorate or territory of the United States of America who guarantees payment or performance of any Obligations. Domestic Inventory Formula Amount: the sum of (A) the lesser of (1) 65% of the Value of Eligible Domestic Finished Goods Inventory and (2) 85% of the NOLV Percentage of the Eligible Domestic Finished Goods Inventory; plus (B) the lesser of (1) 65% of the Value of Eligible Domestic Raw Materials Inventory and (2) 85% of the NOLV Percentage of Eligible Domestic Raw Materials Inventory; plus (C) the lesser of (i) 50% of the Value of Domestic Work-In-Progress Inventory and (ii) 85% of the NOLV Percentage of Domestic Work-In-Progress Inventory.

Domestic Borrowing Base. If for any reason 100% of the Total Domestic Revolving Outstandings plus the outstanding amount of the Term Loans plus the outstanding amount of the Incremental Term Loan at any time exceed the Domestic Borrowing Base, PRA shall immediately prepay, at its option, the Term Loans, Incremental Term Loan, Revolving Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that PRA shall not be required to Cash Collateralize the L/C Obligations pursuant to this 13598911v3

Domestic Borrowing Base. If for any reason 100% of the Total Domestic Revolving Outstandings plus the outstanding amount of the Term Loans plus the outstanding amount of the Incremental Term Loan plus the outstanding amount of all Incremental Equivalent Debt (only to the extent secured by all or a portion of the Collateral on a pari passu basis with the Obligations) at any time exceed the Domestic Borrowing Base, PRA shall immediately prepay, at its option, the Term Loans, Incremental Term Loan, Revolving Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that PRA shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(v) unless, after the prepayment in full of the Term Loan, Incremental Term Loan and the Domestic Revolving Loans, the L/C Obligations exceed the Domestic Borrowing Base.