Borrowing Base Collateral definition

Borrowing Base Collateral means accounts, inventory and all other Collateral which is part of, or is of a type which could be included in, the Borrowing Base.

Borrowing Base Collateral has the meaning specified in Section 2.18.

Borrowing Base Collateral means Collateral consisting of Eligible Credit Card Receivables, Eligible Letter of Credit and Eligible Inventory.

Examples of Borrowing Base Collateral in a sentence

• To Agent, disclosure of losses or casualties of Borrowing Base Collateral with a value in excess of $25,000,000 covered by insurance.

• Any inspection of Borrowing Base Collateral by an Approved Appraiser shall be conducted in compliance with the inspection provisions of the relevant Security Agreement.

• The Borrowing Base shall be calculated based upon the Eligible Assets that from time to time are subject to the Liens of the Security Agreements and constitute Borrowing Base Collateral.

• Approved Appraisers for Borrowing Base Collateral shall mean AVITAS, Inc.

• Such Borrowing Base Certificate shall (1) state each component of Borrowing Base Collateral then subject to perfected Liens of the Security Agreements, (2) state the portion of the Borrowing Base established by each component Borrowing Base Collateral by the formula stated in the definition of Borrowing Base, (3) state the Borrowing Base by aggregating each of the values stated pursuant to the preceding clause (2), and (4) state the then Outstanding Amounts and the amount of any Borrowing Base Deficiency.

More Definitions of Borrowing Base Collateral

Borrowing Base Collateral means the Accounts, Inventory and Trucks of the Borrowing Base Contributors other than Excluded Collateral.

Borrowing Base Collateral means the Accounts and the Quail Rental Assets.

Borrowing Base Collateral means Accounts, Inventory and the proceeds thereof.

Borrowing Base Collateral means all instruments, notes, agreements and documents evidencing the underlying debt obligations relating to the Eligible Financial Assets.

Borrowing Base Collateral means, at any time, Eligible Assets that are subject to the Lien of a Security Agreement at such time.

Borrowing Base Collateral means Accounts, Inventory and Eligible Rolling Stock.

Borrowing Base Collateral means all Accounts and Inventory of the Loan Parties on which Liens have been granted to the Agent pursuant to the Security Documents or the Financing Orders as security for the Obligations.