Combined Borrowing Base definition

Combined Borrowing Base means the sum of (a) the Tranche A Borrowing Base plus (b) the Canadian Borrowing Base.

Combined Borrowing Base means, at any time, the sum of (a) the U.S. Borrowing Base at such time and (b) the lesser of (i) the Canadian Borrowing Base at such time and (ii) the Maximum Canadian Revolver Amount at such time.

Combined Borrowing Base means the sum of the Tranche A Borrowing Base plus the Tranche A-1 Borrowing Base.

Examples of Combined Borrowing Base in a sentence

• The Borrowers and the Guarantors acknowledge and agree that while (A) a Cash Dominion Period is in effect or (B) Combined Borrowing Base Availability is less than $150,000,000, the Agent may require the delivery of Borrowing Base Certificates on a more frequent basis (with any such more frequent Borrowing Base Certificate to be computed according to a method reasonably specified by the Agent after consultation with the Borrowers’ Agent).

• The Loan Parties will not permit (i) Revolver Exposure plus Aggregate Term Loan Exposure at any time to exceed (ii) the Combined Borrowing Base at such time, provided that, if the forgoing shall occur, the Borrowers will promptly prepay the Revolver Exposure in an aggregate amount equal to such excess.

• The Administrative Agent has received a Borrowing Base Certificate that calculates the Term Loan Borrowing Base, Revolving Borrowing Base, Combined Borrowing Base and Combined Borrowing Base Availability, each as of the Effective Date, together with all supporting documentation relating thereto.

• IPONZ is responsible for the granting of registration of intellectual property rights.The process of registration is relatively straightforward and, in general, cost effective, and allows for ease of enforcement against third parties.

• All of the Accounts owned by each Credit Party and properly reflected as “Eligible Accounts” in the most recent Combined Borrowing Base Certificate delivered by Borrower Representative to Agent shall be “Eligible Accounts” for purposes of this Agreement, except any Account to which any of the exclusionary criteria set forth below applies and then only the extent of such exclusion.

More Definitions of Combined Borrowing Base

Combined Borrowing Base means the “Combined Borrowing Base” as defined in the ABL Credit Agreement.

Combined Borrowing Base as defined in the ABL Credit Agreement.

Combined Borrowing Base means the sum of the Domestic Borrowing Base and the Canadian Loan Cap.

Combined Borrowing Base means the sum of (i) the Domestic Borrowing Base, (ii) as long as Canadian Commitments remain outstanding, the Canadian Borrowing Base, and (iii) if established pursuant to Section 2.30(a), the UK Borrowing Base.

Combined Borrowing Base means the sum of the Revolving Borrowing Base and the Term Loan Borrowing Base.

Combined Borrowing Base means the sum of (i) the Domestic Borrowing Base and, as long as Canadian, (ii) as long as Canadian Commitments remain outstanding, the Canadian Borrowing Base, and (iii) as long as Tranche A-1 Commitments remain outstanding, the Canadian Tranche A-1 Borrowing Base.

Combined Borrowing Base means the sum of (i) the Combined Revolving Borrowing Base and (ii) the FILO Borrowing Base.