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
Each Credit Party will comply, and cause each Subsidiary to comply, with the requirements of all applicable Laws and Material Contracts, except to the extent that failure to so comply would not reasonably be expected to (a) result in a Material Adverse Effect, or (b) result in any Lien (other than Permitted Liens) upon either (i) a material portion of the assets of any such Person in favor of any Governmental Authority, or (ii) any Borrowing Base Collateral.
More Definitions of Borrowing Base Collateral
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 Accounts, Inventory and the proceeds thereof.
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 “ABL Priority Collateral” as such term is defined in the Intercreditor Agreement (as in effect on the Closing Date).
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.
Borrowing Base Collateral means Accounts, Inventory and Eligible Rolling Stock.