Borrowing Base definition

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

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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, the Borrower may cure a Borrowing Base Deficiency by any combination of (i), (ii) or (iii) of this Section 2.6 (or by any other action with the prior written consent of the Administrative Agent and the Required Lenders).
As of the Closing Date and each date the Borrower acquires any Collateral from the Seller, (i) each Loan included in the Borrowing Base is an Eligible Loan and (ii) each Loan included in the Collateral is free and clear of any Lien of any Person (other than Permitted Liens and any Lien which will be released contemporaneously with the acquisition thereof by the Borrower) and in compliance in all material respects with all Applicable Laws.
At any time a Noteless Loan is included in the Collateral, the Collateral Manager shall deliver to the Borrower, the Administrative Agent and the Collateral Agent a copy of the related Loan Register, together with a certificate of a Responsible Officer of the Collateral Manager certifying to the accuracy of such Loan Register as of the date of acquisition of such Noteless Loan by the Borrower, all of which information may be included in the applicable Borrowing Base Certificate.
On each Funding Date and on the date of each Reinvestment of Principal Collections pursuant to Section 2.14(a)(i) or acquisition by the Borrower of Loans in connection with a Substitution pursuant to Section 2.14(b), the Borrower will provide the Borrower’s Notice and a Borrowing Base Certificate, each updated as of such date, to the Administrative Agent (with a copy to the Collateral Agent).
Notwithstanding anything to the contrary herein, no Lender shall make any Loan Advance if, after giving effect to such Advance and the addition to the Collateral of the Eligible Loans to be acquired by the Borrower with the proceeds of such Advance, (i) in the sole discretion of any such Lender, a Default or Event of Default would or could reasonably be expected to result therefrom or (ii) the aggregate Advances Outstanding would exceed the Borrowing Base.

More Definitions of Borrowing Base

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

Borrowing Base means at any time the lesser of:

Borrowing Base means, at any time, the sum of:

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

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