Borrowing Base A definition

Borrowing Base A means, as of any time it is to be determined, the sum of:

Borrowing Base A. The sum of:

Borrowing Base A means the sum of the following from time to time, less any reserves as Lender in its sole discretion elects: (i) *** of Borrowers' then existing Pre-Amendment No. 2 Eligible Inventory A, plus (ii) *** of Borrowers' then existing Post-Amendment No. 2 Eligible Inventory A, plus (iii) *** of Borrowers' then existing Pre-Amendment No. 2 Eligible Inventory B, plus (iv) *** of Borrowers' then existing Post-Amendment No. 2 Eligible Inventory B, plus (v) *** of Borrowers' then existing Eligible Inventory C; plus (vi) *** of Borrowers' then existing Eligible Inventory D; plus (vii) *** of Borrowers' then Eligible Inventory E, plus (viii) *** of the NADA "low wholesale" value of Borrowers' then Eligible Inventory F, plus (ix) the lesser of (A) *** of Borrowers' then Eligible Inventory G; or (B) $1,100,000.00, plus (x) *** of Borrower's Eligible Accounts Receivable.

Examples of Borrowing Base A in a sentence

• Borrowings under Borrowing Base A of the Committed Facility bear interest, at the borrower's option, at a rate based on the greater of (1) federal funds rate, and (2) the LIBOR, plus 1.25%.

• In the event that the Administrative Agent determines that the aggregate principal amount of Borrowing Base A Loans outstanding on such Business Day exceeds the Loan Value of such Pledged Eligible Assets (a “Deficiency”), the Administrative Agent shall promptly notify the Borrower of such Deficiency in writing (any such notice, a “Deficiency Notice”).

• In the event of a Deficiency, the Borrower shall, within one Business Day of receipt of a Deficiency Notice, either prepay Borrowing Base A Loans in an amount at least equal to such Deficiency or pledge additional Eligible Assets with a Loan Value at least equal to such Deficiency.

• With respect to Borrowing Base A Loans, the Borrower shall have instructed DTC to credit the Eligible Assets contemplated to be delivered pursuant to Section 2.1 or 2.3, as applicable, as identified in the applicable Pledged Eligible Assets Notice to the pledgee account of the Administrative Agent with DTC upon, if necessary, delivery of such Eligible Assets to the Borrower or payment by it therefor.

• The Borrower may at any time prior to 4:00 P.M., New York City Time, on any Business Day, prepay the Loans, in whole or in part, without premium or penalty, upon irrevocable notice delivered to the Administrative Agent no later than 1:00 P.M., New York City time, on the date of such prepayment, which notice shall specify the date and amount of prepayment and whether the prepayment is of Borrowing Base A Loans or Borrowing Base B Loans.

More Definitions of Borrowing Base A

Borrowing Base A. Subject to Section 2.11 hereof, at the relevant time of reference thereto, an amount determined by the Agent by reference to the most recent Borrowing Base Report delivered to the Banks and the Agent pursuant to Section 8.4(f) hereof, which is equal to the sum of:

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

Borrowing Base A means, at any time, for Borrowers collectively, the amount equal to:

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

Borrowing Base A means at any time an amount equal to the lesser of:

Borrowing Base A means the sum of the following from time to time, less any reserves as Lender in its sole discretion elects: (i) 100% of Borrowers' then existing Pre-Amendment No. 2 Eligible Inventory A, plus (ii) 97% of Borrowers' then existing Post-Amendment No. 2 Eligible Inventory A, plus (iii) 95% of Borrowers' then existing Pre-Amendment No. 2 Eligible Inventory B, plus (iv) 92% of Borrowers' then existing Post-Amendment No. 2 Eligible Inventory B, plus (v) 75% of Borrowers' then existing Eligible Inventory C; plus (vi) 95% of Borrowers' then existing Eligible Inventory D; plus (vii) 90% of Borrowers' then Eligible Inventory E, plus (viii) 70% of the NADA "low wholesale" value of Borrowers' then Eligible Inventory F, plus (ix) the lesser of (A) 50% of Borrowers' then Eligible Inventory G; or (B) $1,100,000.00, plus (x) 80% of Borrower's Eligible Accounts Receivable.

Borrowing Base A means, at any particular time, an amount equal to the lesser of (a) 80% of Eligible Accounts or (b) $800,000.00.