Consolidated Borrowing Base means, at any time, the aggregate of the Borrowing Bases of all Borrowers (as determined pursuant to the most recently delivered Borrowing Base Certificate).
Consolidated Borrowing Base means, as of any date of determination, an amount equal to the sum of the aggregate Consolidating Borrowing Bases plus the Beacon Canada Consolidating Borrowing Base (converted from Canadian Dollars into an Equivalent Amount of U.S. Dollars).
Consolidated Borrowing Base means the Borrowing Bases of all Borrowers on a consolidated basis.
Examples of Consolidated Borrowing Base in a sentence
As to any Inventory that is identified by Borrower as Eligible Inventory in a Consolidated Borrowing Base Report submitted to Administrative Agent, such Inventory is not excluded as ineligible by virtue of one or more of the excluding criteria set forth in the definition of Eligible Inventory.
As at any date of determination, an amount equal to (a) the average amount of Consolidated Borrowing Base Indebtedness outstanding during the applicable period, multiplied by (b) the Mortgage Constant.
All information (including calculations of Availability) in a Borrowing Base Report and Consolidated Borrowing Base Report shall be certified by the Borrower.
The Borrower will take such action, and will cause each of its Subsidiaries to take such action, from time to time as shall be necessary to ensure that each Subsidiary the inventory or receivables of which are included in the calculation of the Consolidated Borrowing Base is a Subsidiary Guarantor and, thereby, an "Obligor" hereunder and under the Security Agreement pursuant to documentation satisfactory to the Administrative Agent in form and substance.
All information (including all calculations of Availability) in a Consolidated Borrowing Base Report shall be certified by the Borrower.
More Definitions of Consolidated Borrowing Base
Consolidated Borrowing Base means, at any time, the aggregate amount of the Borrowing Bases at such time of the First Tier Subsidiaries that are Subsidiary Guarantors.
Consolidated Borrowing Base means an amount equal to 80% of the sum of (i) the product of (a) 100% minus the applicable Dilution Factor, multiplied by (b) the Eligible Purchased Accounts Receivable of the Borrower, plus (ii) (x) the Eligible Trade Accounts Receivable of the Borrower minus (y) the sum of all accounts payable to the LECs by Borrower in connection with fees for services provided by the LECs in the ordinary course of business.
Consolidated Borrowing Base means, as at any date of determination, an aggregate amount equal to the sum of (i) the Domestic Borrowing Base, (ii) the Australian Joy Subsidiary Borrowing Base, (iii) the Australian P&H Subsidiary Borrowing Base, (iv) the Canadian Subsidiary Borrowing Base, and (v) the UK Subsidiary Borrowing Base; provided that, irrespective of the aggregate amount of Unbilled Accounts Receivable contained in the Consolidated Borrowing Base, the aggregate amount of Loan proceeds advanced with respect to aggregate Unbilled Accounts Receivable shall not at any time exceed $12,000,000; and provided further that the aggregate amounts of Eligible Machinery and Equipment and Eligible Real Estate contained in the Consolidated Borrowing Base shall not, as of the dates set forth below, exceed the correlative amount indicated:
Consolidated Borrowing Base. Domestic Borrowing Base" or "UK Subsidiary Borrowing Base" with respect to the maximum amounts (or reductions thereof) of Eligible Intellectual Property, Eligible Real Estate and Eligible Machinery and Equipment that may be included in such Borrowing Bases; or (c) Lenders having or holding more than 75% of the sum of aggregate Tranche B Term Loan Exposure of all Lenders plus the aggregate Revolving Loan Exposure of all Lenders (1) change in any manner or waive the provisions contained in subsection 7.7(iv), or (2) release a material portion of the Collateral. In addition, (i) any amendment, modification, termination or waiver of any of the provisions contained in Section 4 shall be effective only if evidenced by a writing signed by or on behalf of Agent and Requisite Lenders, (ii) no amendment, modification, termination or waiver of any provision of any Note shall be effective without the written concurrence of the Lender which is the holder of that Note, (iii) no 150 amendment, modification, termination or waiver of any provision of Section 3 shall be effective without the written concurrence of Agent and, with respect to the purchase of participations in Letters of Credit, without the written concurrence of each Issuing Lender that has issued an outstanding Letter of Credit or has not been reimbursed for a payment under a Letter of Credit, and (iv) no amendment, modification, termination or waiver of any provision of Section 9 or of any other provision of this Agreement which, by its terms, expressly requires the approval or concurrence of Agent shall be effective without the written concurrence of Agent. Agent may, but shall have no obligation to, with the concurrence of any Lender, execute amendments, modifications, waivers or consents on behalf of that Lender. Any waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. No notice to or demand on Borrower in any case shall entitle Borrower to any other or further notice or demand in similar or other circumstances. Any amendment, modification, termination, waiver or consent effected in accordance with this subsection 10.6 shall be binding upon each Lender at the time outstanding, each future Lender and, if signed by Borrower, on Borrower.
Consolidated Borrowing Base means, as at any date of determination, an aggregate amount equal to the sum of (i) the Domestic Borrowing Base, (ii) the Australian Joy Subsidiary Borrowing Base, (iii) the Australian P&H Subsidiary Borrowing Base, (iv) the Canadian Subsidiary Borrowing Base, and (v) the UK Subsidiary Borrowing Base; provided that, irrespective of the aggregate amount of Unbilled Accounts Receivable contained in the Consolidated Borrowing Base, the aggregate amount of Loan proceeds advanced with respect to aggregate Unbilled Accounts Receivable shall not at any time exceed $12,000,000.
Consolidated Borrowing Base means, as at any date of determination, an aggregate amount equal to the sum of (i) the Domestic Borrowing Base, (ii) the Australian Joy Subsidiary Borrowing Base, (iii) the Australian P&H Subsidiary Borrowing Base, (iv) the Canadian Subsidiary Borrowing Base, and (v) the UK Subsidiary Borrowing Base; provided that, irrespective of the aggregate amount of Unbilled Accounts Receivable contained in the Consolidated Borrowing Base, the aggregate amount of Loan proceeds advanced with respect to aggregate Unbilled Accounts Receivable shall not at any time exceed $12,000,000; and provided further that the aggregate amounts of Eligible Intellectual Property, Eligible Machinery and Equipment and Eligible Real Estate contained in the Consolidated Borrowing Base shall not, as of the dates set forth below, exceed the correlative amount indicated: ------------------------------------------------------------------------------------------------------------ Dates Maximum Amount ------------------------------------------------------------------------------------------------------------ Eligible Intellectual Property ------------------------------------------------------------------------------------------------------------ Closing Date - July 30, 2001 $40,000,000 ------------------------------------------------------------------------------------------------------------ July 31, 2001 - October 30, 2001 $25,000,000 ------------------------------------------------------------------------------------------------------------ October 31, 2001 - January 30, 2002 $10,000,000 ------------------------------------------------------------------------------------------------------------ January 31, 2002 and thereafter $ 0 ------------------------------------------------------------------------------------------------------------ Eligible Real Estate ------------------------------------------------------------------------------------------------------------ Closing Date - January 30, 2002 $30,000,000 ------------------------------------------------------------------------------------------------------------ January 31, 2002 - April 29, 2002 $25,000,000 ------------------------------------------------------------------------------------------------------------ April 30, 2002 - July 30, 2002 $10,000,000 ------------------------------------------------------------------------------------------------------------ July 31, 2002 and thereafter $ 0 --------------------------------------------...