Belgian Borrowing Base definition

Belgian Borrowing Base means at any time, with respect to Belgian Borrowers, an amount equal to the sum (expressed in Dollars, based on the US Dollar Equivalent thereof) of, without duplication:
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Belgian Borrowing Base means at any time on or after the Aleris Acquisition Closing Date, an amount equal to the sum of the Dollar Equivalent of, without duplication:
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Belgian Borrowing Base at any time, with respect to the Applicable Belgian Borrower, an amount equal to the sum (expressed in Dollars, based on the Dollar Equivalent thereof) of, without duplication:
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Examples of Belgian Borrowing Base in a sentence

  • If, at any time, (A) the Dollar Equivalent of the Belgian Revolver Usage on such date exceeds (B) the Belgian Borrowing Base reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Agent, then Belgian Borrower shall within one (1) Business Day prepay the Belgian Obligations in accordance with Section 2.4(f) in an aggregate amount equal to the amount of such excess.


More Definitions of Belgian Borrowing Base

Belgian Borrowing Base means, at any time 85% of the Belgian Borrower’s Eligible Accounts at such time minus Reserves.
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Belgian Borrowing Base means, at any time, 80% of the Eligible Belgian Accounts at such time, minus (b) if applicable, Belgian Reserves minus (c) Reserves (in each case expressed in Dollars) plus (c) to the extent Belgian Availability would be less than zero, US Availability. The Administrative Agents may, in their Permitted Discretion, reduce the advance rate set forth above, adjust Belgian Reserves or Reserves or reduce one or more of the other elements used in computing the Belgian Borrowing Base.
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Belgian Borrowing Base means, at any time, the sum of:
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Belgian Borrowing Base means, as of any date of determination, the result of:
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Related to Belgian Borrowing Base

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • U.S. Borrowing Base means, as of any date of determination, the result of:

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

  • Borrowing Base means, at any time of calculation, an amount equal to:

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • U.S. Borrowers shall have the meaning provided in the first paragraph of this Agreement.

  • Canadian Availability means, with respect to the Canadian Loan Parties, at any time, an amount equal to (a) the lesser of (i) the total Canadian Revolving Subcommitment of all Canadian Revolving Lenders and (ii) the Canadian Borrowing Base minus (b) the total Canadian Revolving Exposure of all Canadian Revolving Lenders.