Adjusted Borrowing Base definition

Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Portfolio Investments held by the Obligors.

Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Portfolio Investments held by the Obligors (provided that Cash Collateral for outstanding Letters of Credit and any Cash or Cash Equivalents included in the calculation of clause (b) of the definition of Net Revolving Exposure shall, in each case, not be treated as a portion of the Portfolio Investments).

Examples of Adjusted Borrowing Base in a sentence

• The Borrower will not permit the aggregate Value of the Eligible Portfolio Investments that can be converted to Cash in fewer than 10 Business Days without more than a 5% change in price to be less than 10% of the Covered Debt Amount for more than 30 Business Days during any period when the Adjusted Covered Debt Balance is greater than 90% of the Adjusted Borrowing Base.

• After the Restatement Effective Date, the Borrower will not permit the aggregate Value of the Eligible Portfolio Investments that can be converted to Cash in fewer than 10 Business Days without more than a 5% change in price to be less than 10% of the Covered Debt Amount for more than 30 Business Days during any period when the Adjusted Covered Debt Balance is greater than 90% of the Adjusted Borrowing Base.

• After the Effective Date, the Borrower will not permit the aggregate Value of the Eligible Portfolio Investments that can be converted to Cash in fewer than 10 Business Days without more than a 5% change in price to be less than 10% of the Covered Debt Amount for more than 30 Business Days during any period when (x) the Adjusted Covered Debt Balance is greater than 90% of the Adjusted Borrowing Base and (y) the Consolidated Asset Coverage Ratio is less than 160%.

• The Borrower will not permit the aggregate Value of the Eligible Portfolio Investments that can be converted to Cash in fewer than 20 Business Days without more than a 5% change in price to be less than 10% of the Covered Debt Amount for more than 30 Business Days during any period when the Adjusted Covered Debt Balance is greater than 90% of the Adjusted Borrowing Base.

• After the Original Effective Date, the Borrower will not permit the aggregate Value of the Eligible Portfolio Investments that can be converted to Cash in fewer than 20 Business Days without more than a 5% change in price to be less than 10% of the Covered Debt Amount for more than 30 Business Days during any period when the Adjusted Covered Debt Balance is greater than 90% of the Adjusted Borrowing Base.

More Definitions of Adjusted Borrowing Base

Adjusted Borrowing Base means, as of any date of determination, the result of (a) the Borrowing Base then in effect, less (b) the amount of credit availability created by clause (b) of the definition of Borrowing Base.

Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing

Adjusted Borrowing Base means the excess, if any, of (a) the Borrowing Base over (b) Outside Debt.

Adjusted Borrowing Base means, at any time of determination, an amount equal to (x) the Borrowing Base most recently delivered to the Lender minus (y) the aggregate Other Unsecured Indebtedness outstanding on such date.

Adjusted Borrowing Base means the Borrowing Base plus the face amount of all outstanding Letters of Credit.

Adjusted Borrowing Base means the Borrowing Base, without giving effect to clause (e) of the definition of “Borrowing Base”.

Adjusted Borrowing Base means, at any time, the excess, if any, of (i) the Borrowing Base at such time, minus (ii) the Excess Recourse Debt Amount at such time