Company Borrowing Base definition

Company Borrowing Base means, at any time, an amount equal to the aggregate Discounted Value of all Collateral included in the Company Collateral Pool at such time, free and clear of any Lien other than those granted under the Loan Documents or as permitted by Section 7.8.
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Company Borrowing Base means, as at any date of determination, an aggregate amount equal to:
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Company Borrowing Base means, at any time, an amount equal to the aggregate Discounted Value of all Collateral included in the Company Collateral Pool at such time, free and clear of any Lien other than those granted under the Loan
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Examples of Company Borrowing Base in a sentence

  • In addition, it may be used by disabled drivers who are not visiting residents on the estate, but assume that because it is designated for disabled drivers they able to park in it.

  • Contemporaneously with each request for a loan under the Revolving Facility and in any event at least weekly, and at such other times as Lender may request, each Borrower shall execute and deliver to Lender, in form satisfactory to Lender, a collateral report setting forth a certification of Eligible Accounts and Eligible Inventory, and calculation of its Company Borrowing Base, in form prescribed by Lender.

  • The aggregate principal amount of Revolving Credit Loans at any time outstanding to the Company shall not exceed the Company Borrowing Base as determined on the basis of the most recent Borrowing Base Certificate and the aggregate principal amount of Revolving Credit Loans at any time outstanding to LSI shall not exceed the LSI Borrowing Base as determined on the basis of the most recent Borrowing Base Certificate.

  • Schedule B: Criteria 6 and 7Criterion 6 - Educational Services Demonstrate that the project will not cause an unreasonable burden on the ability of local governments to provide educational services.a. Estimate the number of additional students who may attend the local schools as a result of this project and explain how this estimate was calculated.This project is not residential and will not result in an increase in students.

  • The agreement, as amended and restated ("the Restated Credit Agreement"), provided a maximum commitment amount available to the Company ("Borrowing Base") of $242 million for general corporate purposes at December 31, 1998.

  • Subsection 1.1 of the Credit Agreement is hereby amended by deleting the two references to "$30,000,000" appearing in the term "Company Borrowing Base" and substituting therefor "$38,000,000" for each such reference and by deleting the two references to "$30,000,000" appearing in the term "Sun Gro Borrowing Base" and substituting therefor "$38,000,000" for each such reference.

  • The Borrowers shall not permit the sum of the principal amount of all Loans outstanding to the Company to exceed the Company Borrowing Base as determined on the basis of the most recent Borrowing Base Certificate and the Borrowers shall not permit the sum of the principal amount of all Loans outstanding to LSI to exceed the LSI Borrowing Base as determined on the basis of the most recent Borrowing Base Certificate.


More Definitions of Company Borrowing Base

Company Borrowing Base means, as at any date of determination, the lesser of (i) the difference between (a) the sum of (1) 90% of all Eligible Accounts Receivable of Company and its Domestic Subsidiaries due from IBM that are unpaid for 30 days or less from the date of the original invoice therefor, (2) 80% of all Eligible Accounts Receivable of Company and its Domestic Subsidiaries other than those specified in clause (1) above and (3)(i) until December 31, 1999, 45% of all Eligible Inventory of Company and its Domestic Subsidiaries (less such amount of Eligible Inventory to assure that Eligible Inventory at any time does not exceed 60% of the Company Borrowing Base) and (ii) after December 31, 1999, 35% of all Eligible Inventory of Company and its Domestic Subsidiaries (less such amount of Eligible Inventory to assure that Eligible Inventory at any time does not exceed 50% of the Company Borrowing Base) and (b) the Term Loans advanced to Company and (ii) $75,000,000 minus the Total Utilization of Revolving Loan Commitments attributable to MSL Overseas.
Sample 1
Company Borrowing Base as to any Borrower at any time means an amount equal to (i) up to a maximum of eighty-five percent (85%) of the Eligible Accounts of such Borrower plus (ii) up to a maximum of forty-five percent (45%) of the Eligible Inventory of such Borrower (provided, that the maximum amount outstanding under the Revolving Facility in respect of advances against all Eligible Inventory shall not at any time exceed the lesser of (a) $5,000,000.00 or (b) fifty percent (50%) of the aggregate unpaid
Sample 1
Company Borrowing Base as to any Borrower any time means an amount equal to (i) up to a maximum of eighty-five percent (85%) of the Eligible Accounts of such Borrower plus (ii) up to a maximum of forty-five percent (45%) of the Eligible Inventory of such Borrower provided that the maximum amount outstanding under the Revolving Facility in respect of advances against all Eligible Inventory shall not at any time exceed the lesser of (a) $6,000,000.00 or (b) fifty percent (50%) of the aggregate unpaid balance of the Revolving Facility), less (iii) the Reserve applicable to such Borrower."
Sample 1
Company Borrowing Base means, as at any date of determination, the lesser of (i) the difference between (a) the sum of 80% of all Eligible Accounts Receivable of Company and its Domestic Subsidiaries and 30% of all Eligible Inventory of Company and its Domestic Subsidiaries (less such amount of Eligible Inventory to assure that Eligible Inventory at any time does not exceed 35% of the Company Borrowing Base) and (b) the Term Loans advanced to Company and (ii) $75,000,000 minus the Total Utilization of Revolving Loan Commitments attributable to MSL Overseas.
Sample 1
Company Borrowing Base means, as of any date, an amount equal to the sum of (a) 85.0% of the book value of all accounts receivable owned by the Company and its Domestic Subsidiaries and Canadian Restricted Subsidiaries (excluding any accounts receivable from an Affiliate of such Person or that are more than 90 days past due, less (without duplication) the allowance for doubtful accounts attributable to current trade accounts receivable) and (b) 60.0% of the book value of all inventory owned by the Company and its Domestic Subsidiaries and Canadian Restricted Subsidiaries as of such date (with a seasonal increase of 70.0% of inventory in effect from July 1 through November 30 of each year), all calculated on a consolidated basis and in accordance with GAAP. To the extent that information is not available as to the amount of accounts receivable or inventory as of a specific date, Company Borrowing Base shall be calculated utilizing the most recent available information.
Sample 1
Company Borrowing Base means, at any time, an amount equal to the aggregate Discounted Value of all Collateral included in the Company Collateral Pool at such time, free and clear of any Lien other than those granted under the LoanDocuments or as permitted by Section 7.8.
Sample 1

Related to Company Borrowing Base

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

  • Canadian Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication:

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Foreign Borrowing Base means, as of any date, an amount equal to:

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

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

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

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Borrowing Base Value means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).

  • Borrowing Base Amount means:

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Proposed Borrowing Base Notice has the meaning assigned to such term in Section 2.07(c)(ii).

  • Revolving Loan Availability means at any time the lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • 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.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Initial Borrowing means the first Borrowing by the Borrower under this Agreement.

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).