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.
All information (including all calculations of Availability) in a 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.
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.
In no event shall any Letter of Credit be issued to the extent that the issuance of such Letter of Credit would cause the sum of the balance of the Letter of Credit Obligations (after giving effect to such issuance), plus the Revolving Loan to exceed the lesser of (x) the Consolidated Borrowing Base less the Canadian Facility Revolving Loans and (y) the Revolving Loan Commitments.
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 the sum of (i) 80% of the Consolidated Eligible Accounts Receivable; plus (ii) 30% of the Eligible Inventory of the Companies determined on a consolidated basis.
Consolidated Borrowing Base means the Borrowing Bases of all Credit Parties on a consolidated basis. “Consolidated Borrowing Base Certificate” means a certificate of the Borrower Representative, on behalf of each Credit Party, in the form of Exhibit 5.2(e) for all Credit Parties on a consolidated basis. “Consolidated Capital Expenditures” means, without duplication, for any period, all expenditures for fixed or capital assets (including, for the avoidance of doubt, capitalized internal-use software) for the period of measurement determined in accordance with GAAP, including replacement, repairs and improvements but excluding (to the extent otherwise included), any such expenditures financed with (1) Net Proceeds from Dispositions, (2) cash proceeds from Stock issuances or capital contributions, (3) Net Proceeds from any Event of Loss to the extent such proceeds are actually applied to replace, repair or reconstruct the damaged Property or Property affected by the condemnation or taking in connection with such Event of Loss, or (4) cash proceeds of indemnity payments or third party reimbursements received by a Borrower or any of its Subsidiaries; Consolidated Capital Expenditures shall also exclude that portion of the purchase price of a Target in a Permitted Acquisition or other Acquisition permitted hereunder that constitutes a capital expenditure under GAAP. “Consolidated Cash Flow” means, for any period, (1) Consolidated EBITDA, minus (2) Consolidated Unfinanced Cash Capital Expenditures. “Consolidated EBITDA” means, for any period, net income (or loss) for the applicable period of measurement of Borrowers and their respective Subsidiaries (together with the other Persons whose income or loss is taken into account in as provided below in determining Consolidated EBITDA) on a consolidated basis determined in accordance with GAAP, without duplication of any item described under clause (a) or (b) below (and the term “duplication” shall include any cash reimbursement for any loss or expense or other item for which an add-back is provided below), in each case to the extent taken into account in the calculation of net income (or loss) for such period: (a)
Consolidated Borrowing Base shall have the meaning specified in paragraph 2(b) hereof.
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: Dates Maximum Amount Eligible Real Estate April 30, 2002 - July 30, 2002 $10,000,000 July 31, 2002 and thereafter $0 Eligible Machinery & Equipment Closing - July 30, 2002 $40,000,000 July 31, 2002 - October 30, 2002 $25,000,000 October 31, 2002 and thereafter $0
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 --------------------------------------------...
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.