Examples of Borrowing Base Ratio in a sentence
As of any date of calculation of the Borrowing Base Ratio, Borrower’s Adjusted Tangible Net Worth shall be reduced by the sum of the Charge Off Shortfall and the Loss Reserve Shortfall, as of such date, if any.
No later than the second Business Day following each date upon which a Borrowing Base Certificate is delivered pursuant to Section 5.01(k) after the Closing Date, Borrower shall prepay Loans as set forth in Section 2.14(a) in an aggregate amount sufficient to cause the Borrowing Base Ratio, as of the last day of such fiscal month (or such week, if weekly), on a pro forma basis giving effect to such prepayment, to be no less than 100%.
The Borrower and its Subsidiaries shall not permit the Borrowing Base Ratio as of the last day of any fiscal month (or week, if Consolidated Liquidity is less than $40,000,000) to be less than 100%.
The Borrowing Base Ratio, after giving effect to such Loan and the new Receivables to be required with the proceeds of such Loan, as reflected in a Borrowing Base Certificate would be not less than one hundred forty-three percent (143%).
No later than the second Business Day following each date upon which a Borrowing Base Certificate is delivered pursuant to Section 5.01(k) after the Closing Date, Borrower shall prepay Loans as set forth in Section 2.14(a) in an aggregate amount sufficient to cause the Borrowing Base Ratio, as of the last day of such fiscal month, on a pro forma basis giving effect to such prepayment, to be no less than 100%.