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

• 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.

• 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%.

More Definitions of Borrowing Base A

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.

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

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

Borrowing Base A means, at any time of determination, an amount equal to the sum, without duplication, of (a) 85% of Adjusted Eligible Accounts Receivable, plus (b) the lesser of (i) 65% of Adjusted Eligible Finished Goods and (ii) the product of (A) 85% of the Adjusted Eligible Finished Goods multiplied by (B) the Recovery Rate with respect to Adjusted Eligible Finished Goods, plus (c) the lesser of (i) 35% of Adjusted Eligible Raw Materials valued at the lower of cost (determined on a first-in, first-out basis) or market value and (ii) the product of (A) 85% of the Adjusted Eligible Raw Materials multiplied by (B) the Recovery Rate with respect to Adjusted Eligible Raw Materials, minus (d) the Minimum Availability Reserve, minus (e) the Rent Reserve, minus (f) the Priority Payables Reserve, minus (g) the Secured Obligations Reserve minus (h) the Domestic B Availability Reserve minus (i) the BONS Reserve minus (j) any Reserves, in each case of the Borrowers. The Borrowing Base A at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Agents pursuant to this Agreement. Standards of eligibility and reserves and advance rates of the Borrowing Base A may be revised and adjusted from time to time solely at the discretion of the Administrative Agent (subject to the consent of the Domestic B Agent if the effect of such revision or adjustment would be to increase the Borrowing Base A or the Availability Amount), with any changes in such standards to be effective immediately after delivery of notice thereof to the Parent Borrower. For purposes of calculating the Borrowing Base A on any date, all amounts reflected or outstanding in Canadian Dollars shall be translated into dollars at the exchange rate in effect on such date, as determined in good faith by the Parent Borrower.

Borrowing Base A means, at any time, the amount equal to: (a) the amount equal to: (i) eighty five (85%) percent of the Eligible Accounts plus (ii) ninety (90%) percent of the Eligible Credit Card Receivables, plus (iii) ninety (90%) percent of the Net Recovery Percentage multiplied by the Value of Eligible Inventory (other than Eligible Inventory consisting of Pharmacy Inventory), plus (iv) ninety (90%) percent of the Net Recovery Percentage multiplied by the Value of Eligible Inventory consisting of Pharmacy Inventory, plus (v) the Prescription File Availability A, plus (vi) Real Property Availability, minus (b) Reserves (it being agreed that Agent may in good faith establish Reserves in accordance with the terms of the Financing Agreements, without duplication, against Borrowing Base A, Borrowing Base A-1 or Borrowing Base B).

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

Borrowing Base A means, at any particular time, an amount equal to the sum of (a) eighty percent (80%) of Eligible Domestic/Domestic Accounts, plus (b) seventy-five percent (75%) of Eligible Domestic/Domestic Unbilled Receivables-180, plus (c) sixty-five percent (65%) of Eligible Domestic/Domestic Unbilled Receivables-365, plus (d) seventy percent (70%) of Eligible Domestic/Foreign Accounts, plus (e) sixty-five percent (65%) of Eligible Domestic/Foreign Unbilled Receivables-180, plus (f) fifty-five percent (55%) of Eligible Domestic/Foreign Unbilled Receivables-365; provided, however, that the sum of the amounts calculated pursuant to clauses (c) and (f) shall not exceed $8,000,000.00; and provided, further, that all accounts not payable in Dollars shall be calculated at the applicable Exchange Rate.