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 purposes of (i) complying with any requirement of this Agreement stated in Dollars and (ii) calculating any ratio or other test set forth in this Agreement (except for the Borrowing Base (AUD), the Borrowing Base (CAD), the Borrowing Base (EUR), the Borrowing Base (GBP) and the Borrowing Base (JPY)), the amount of any Loan Asset denominated in an Eligible Currency other than Dollars shall be deemed to be the Dollar Equivalent of such amount of such Eligible Currency.

• On each Measurement Date other than a Measurement Date that is a Determination Date, the Borrower (or the Servicer on its behalf) will provide a Borrowing Base Certificate, updated as of such date, to the Administrative Agent and each Lender (with a copy to the Collateral Agent).

• If at any time the Total Outstandings exceed the Borrowing Base then in effect (an “Overadvance”), the Borrower shall immediately prepay the Loans in an amount sufficient to eliminate such Overadvance (and, concurrently with any such prepayment of the Loans, shall pay any prepayment fee due and payable with respect thereto) (an “Overadvance Prepayment”).

More Definitions of Borrowing Base

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

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

Borrowing Base is eighty percent (80%) of Eligible Accounts, as determined by Bank from Borrower’s most recent Transaction Report; provided, however, that Bank has the right to decrease the foregoing percentage in its good faith business judgment to mitigate the impact of events, conditions, contingencies, or risks which may adversely affect the Collateral or its value.

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

Borrowing Base means, as of any date of determination by Agent, from time to time, an amount equal to the sum at such time of:

Borrowing Base means at any time an amount determined in accordance with Section 2.07, as the same may be adjusted from time to time pursuant to the Borrowing Base Adjustment Provisions.

Borrowing Base means, at any time, an amount equal to the amount determined in accordance with Section 2.14, as the same may be adjusted from time to time pursuant to the provisions thereof.