Borrowing Base Amount definition

Borrowing Base Amount means:

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

Borrowing Base Amount means, with respect to the Borrower, an amount equal to the sum, without duplication, of the following;

Examples of Borrowing Base Amount in a sentence

• The Borrowing Base Amount so determined shall apply for the duration of the next succeeding Forecast Period or until a new Forecast is prepared.

• If, as a result of a Permitted Disposal, the amount outstanding under the Facility exceeds the Borrowing Base Amount, then the required amount of proceeds from such Permitted Disposal to ensure that there is no such excess, after having taken into account the impact of the Permitted Disposal on the Borrowing Base Amount will be used to make a prepayment of the Facility.

• The Borrower shall not permit the ratio of (a) the remainder of (i) all liabilities, obligations, and indebtedness of the Borrower minus (ii) all Subordinated Debt (numerator) to (b) Borrowing Base Amount (denominator) (the “Borrowing Base Ratio”) to be, at any time, more than: 3.00 to 1.

• The Borrowing Base Amount shall be determined on each Forecast Date pursuant to a Forecast prepared in accordance with the Forecasting Procedures.

• The Company shall procure that the Borrowing Base Amount shall at all times be zero or a positive number.

More Definitions of Borrowing Base Amount

Borrowing Base Amount means, at any date of determination, the sum of:

Borrowing Base Amount means, on any date of determination, the Outstanding Receivables Balance of all Eligible Receivables (other than any Eligible Receivables that would cause the Concentration Limits to be exceeded).

Borrowing Base Amount means for any date, an amount equal to the lesser of: (i) sixty-five percent (65%) of the aggregate Total Collateral Value of the Borrowing Base Assets and (ii) the aggregate Mortgageability Amount of the Borrowing Base Assets.

Borrowing Base Amount means an amount, expressed in Dollars, equal to eighty percent (80%) of the amount of the Eligible Accounts and subject to adjustment by Lender, in Lender’s sole discretion.

Borrowing Base Amount means, as to the Company and its Restricted Subsidiaries, the sum of (x) 65% of the gross value of Inventory plus (y) 85% of the gross value of Receivables, in each case, determined on a consolidated basis in accordance with GAAP, as reflected in the most recent quarterly consolidated financial statements delivered pursuant to Section 4.7.

Borrowing Base Amount means, at any time, the Net Asset Value of all Eligible Accounts and Eligible Inventory at such time as determined in accordance with the definition of "Net Asset Value" and as certified by the Borrower to the Lenders in the most recently delivered Borrowing Base Certificate, including the Borrowing Base Certificate delivered on the Closing Date pursuant to clause (c) of Section 5.1.9.

Borrowing Base Amount means the sum of the Adjusted Tangible Net Worth of the Borrower, plus all Subordinated Debt of the Borrower.