Borrowing Base Calculation definition

Borrowing Base Calculation means a calculation of the Borrowing Base, in form and substance satisfactory to Agent, utilizing information certified by the Borrowers and provided to Agent in electronic format in the Borrowing Base portal tab in ABLSoft.
Sample 1Sample 2Sample 3
Borrowing Base Calculation means an amount equal to the sum of (a) the amount of Eligible Accounts, multiplied by the Accounts Advance Rate, plus (b) the Inventory Advance Amount.
Sample 1Sample 2Sample 3
Borrowing Base Calculation means a calculation of the Borrowing Base, in form and detail satisfactory to Agent, utilizing information certified by the Borrowers and provided to Agent in electronic format in the Borrowing Base portal tab in ABLSoft.
Sample 1

Examples of Borrowing Base Calculation in a sentence

  • Each Collateral Loan included in a Monthly Report or a Borrowing Base Calculation Statement required to be delivered by it under this Agreement as an Eligible Collateral Loan was, in fact, an Eligible Collateral Loan at such time.

  • Each Notice of Borrowing shall be substantially in the form of Exhibit B hereto, dated the date the request for the related Borrowing is being made, signed by a Responsible Officer of the Borrower or the Collateral Manager, as applicable, shall attach a Borrowing Base Calculation Statement, and shall otherwise be appropriately completed.

  • The Borrowing Base Calculation Result for each One to Three Quarter Enhanced Collateral Property is determined as follows:For each One to Three Quarter Enhanced Collateral Property: (i) Annualized Net Operating Income, (ii) divided by the Cap Rate, (iii) multiplied by 0.65 (for a maximum 65% loan to value).

  • The Notice of Borrowing, each Monthly Report, each Borrowing Base Calculation Statement, each Payment Date Report and all other written information, reports, certificates and statements furnished by or on behalf of the Borrower to any Secured Party for purposes of or in connection with this Agreement, the other Facility Documents or the transactions contemplated hereby or thereby is true, complete and correct in all material respects as of the date such information is stated or certified.

  • No impact is anticipated unless a participating small business Opioid Treatment Center incurs additional costs for purchase of passes or administration activities which were not present prior to their participation in this program.

  • In connection with the proposed repayment of Advances pursuant to Section 2.05(c)(i), the Borrower (or the Collateral Manager on its behalf) shall deliver in accordance with Section 2.05(a) to the Administrative Agent (with a copy to the Collateral Agent, the Collateral Administrator and the Custodian) a Notice of Prepayment and a duly completed Borrowing Base Calculation Statement, updated to the date such repayment is being made and giving pro forma effect to such repayment.

  • If loan availability under the Borrowing Base Calculation falls below $25,000, we will be required to maintain a specified fixed charge coverage ratio, tested on a monthly basis.

  • Due to the Borrowing Base Calculation, FirstOnSite may not be able to obtain enough financing under the DIP Facility to continue daily operations during these CCAA proceedings without the priority sought for the DIP Lender’s Charge.

  • Pursuant to the Borrowing Base Calculation, the priority of the DIP Lender’s Charge has a direct impact on the availability under the DIP Facility.

  • The Notice of Borrowing shall be substantially in the form of Exhibit A hereto, dated the Closing Date, signed by a Responsible Officer of the Borrower, shall attach a Borrowing Base Calculation Statement, and shall otherwise be appropriately completed.

Related to Borrowing Base Calculation

  • Borrowing Base Certificate means a certificate, signed and certified as accurate and complete by a Financial Officer of the Borrower Representative, in substantially the form of Exhibit C or another form which is acceptable to the Administrative Agent in its sole discretion.

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

  • Borrowing Base Amount means:

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

  • Updated Appraisal means an Appraisal of the Mortgaged Property or related REO Property, as the case may be, conducted subsequent to any Appraisal performed on or prior to the date of this Agreement by an Appraiser, selected by the applicable Servicer, in accordance with MAI standards, the costs of which shall be paid as a Property Advance by the Lead Securitization Note Holder or applicable Servicer.