Borrowing Base definition

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

Borrowing Base means, as of any date of determination, the result of:

Borrowing Base has the meaning set forth in Section 2.1.

Examples of Borrowing Base in a sentence

• For the avoidance of doubt, no payments shall be allocated solely to Non-Extending Lenders following the occurrence and during the continuance of an Event of Default or if the Revolving Credit Exposures exceeds the Borrowing Base at such time.

• The Company shall (unless it elects to transfer additional Eligible Collateral into the Collateral Account(s) pursuant to paragraph 10(a) of Part I of Schedule 6 (Borrowing Base)) prepay Loan(s) at the times and in the amounts specified in paragraph 9 (Collateral shortfall) of Part I of Schedule 6 (Borrowing Base).

• The Company shall comply with the provisions of Schedule 6 (Borrowing Base).

• On each day on which there is an Outstanding Facility Amount, the Company shall deliver (or shall ensure that the Collateral Monitor delivers) to the Facility Agent and the Security Agent (and, if applicable, the relevant Swingline Agent) a Collateral Report in accordance with paragraph 8 (Collateral Reports) of Part I of Schedule 6 (Borrowing Base).

• For purposes of determining the Borrowing Base or the Value of any Portfolio Investment, the Value of any Portfolio Investment that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Portfolio Investment, determined as of the date of valuation of such Portfolio Investment.

More Definitions of Borrowing Base

Borrowing Base means at any time an amount equal to the amount determined in accordance with Section 2.07, as the same may be adjusted from time to time pursuant to Section 2.07(e), Section 8.13(c) or Section 9.12(d).

Borrowing Base has the meaning assigned to such term in Section 5.13.

Borrowing Base means the sum of:

Borrowing Base means, as of any date, an amount equal to:

Borrowing Base is 80% of Eligible Accounts, as determined by Bank from Borrower’s most recent Transaction Report; provided, however, that Bank may decrease the foregoing percentage in its good faith business judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect Collateral.

Borrowing Base means, at any time, the amount equal to:

Borrowing Base means an amount equal to 80% of Eligible Accounts, as determined by Bank with reference to the most recent Borrowing Base Certificate delivered by Borrower.