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.
Sample 1Sample 2Sample 3
Company Borrowing Base means, as at any date of determination, an aggregate amount equal to:
Sample 1Sample 2Sample 3
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
Sample 1Sample 2Sample 3

Examples of Company Borrowing Base in a sentence

  • 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.

  • 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.

  • According to the local protocol, it was already policy on the ward to identify smokers upon admission and automatically refer pregnant smokers to the local stop smoking service unless they specifically requested that this did not happen.Following discussions with the Deputy Head of Midwifery, it was agreed that an action plan would be developed to support implementation.

  • 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.

  • Clearing Fund Collateral Pool and (b) with respect to the Company Pool Loans or the Company Borrowing Base, the Company Collateral Pool.

  • 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.

  • The advance rates specified in this Agreement for determination of the Aggregate Borrowing Base and the Company Borrowing Base applicable to any Borrower, respectively, may be decreased from time to time based upon such considerations as Lender may deem appropriate in its discretion.


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 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
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 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 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 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

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 in Dollars equal to:

  • 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, at any time of calculation, an amount equal to:

  • 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 Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • 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 Revolving Loan Limit minus the Revolving Loan Outstandings.

  • 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 the Aggregate Revolving Loan Commitment at such time exceeds 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 made pursuant to this Agreement.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

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

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

  • 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.