EXIM Borrowing Base definition

EXIM Borrowing Base means at any time the sum of (i) the EXIM Eligible Receivable Amount multiplied by the applicable Advance Rate, minus (ii) such reserves as Lender may deem proper and necessary from time to time.

EXIM Borrowing Base means an amount equal to 90% of Eligible Export-Related Accounts plus 75% of Eligible Export-Related Inventory, as determined by Bank with reference to the most recent Export Related Borrowing Base Certificate delivered by Borrower; provided, however that Eligible Export-Related Inventory shall not exceed sixty percent (60%) of the aggregate EXIM Borrowing Base.

EXIM Borrowing Base is (a) ninety percent (90%) of Hedged Eligible EXIM Accounts plus (b) seventy percent (70%) of all other Eligible EXIM Accounts plus (c) the lesser of sixty-five percent (65%) of the value of Eligible Export Inventory (valued at the lower of cost or wholesale fair market value) or Two Million Dollars ($2,000,000); in each case as determined by Bank from Borrower’s most recent EXIM Borrowing Base Certificate; provided, however, that Bank may decrease the foregoing amounts and/or percentages in its good faith business judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect Collateral.

Examples of EXIM Borrowing Base in a sentence

• Borrower has no knowledge of any actual or imminent Insolvency Proceeding of any Account Debtor whose accounts are an EX-IM Eligible Account in any EX-IM Borrowing Base Certificate.

• Borrower has no knowledge of any actual or imminent Insolvency Proceeding of any Account Debtor whose accounts are an Eligible EXIM Account in any EXIM Borrowing Base Certificate.

• Borrower shall comply with all of the terms of the EXIM Borrower Agreement, including without limitation, the delivery of an EXIM Borrowing Base Certificate within five (5) days after the end of each week (monthly, within five (5) days after the end of each month during a Streamline Period) any and all notices required pursuant to the EXIM Borrower Agreement.

• Subject to and upon the terms and conditions of this Agreement, Borrower may request EXIM Advances in an aggregate outstanding amount not to exceed the lesser of (A) the EXIM Line or (B) the EXIM Borrowing Base.

• Borrower shall deliver all reports, certificates and other documents to Bank as provided in the EX-IM Borrower Agreement, including, without limitation, an EX-IM Borrowing Base Certificate on a monthly basis as described on Exhibit C hereof, purchase orders and any other information that Bank and EX-IM Bank may reasonably request.

More Definitions of EXIM Borrowing Base

EXIM Borrowing Base is (a) eighty-five percent (85%) of Eligible EXIM Accounts, plus (b) sixty-five percent (65%) of Eligible EXIM Inventory, but in any event not to exceed the lesser of (a) One Million Dollars ($1,000,000) or (b) sixty percent (60%) of all the EXIM Borrowing Base; provided however, that Bank may decrease the foregoing amount and/or percentages in its good faith business judgment based on events, conditions, contingencies, or risks which, as determined by Bank, may adversely affect the Collateral. For purposes of determining the EXIM Borrowing Base, the value ascribed to the Eligible EXIM Inventory will be the Export-Related Historical Inventory Value (as such term is defined in the Borrower Agreement) of the Borrower’s Inventory.

EXIM Borrowing Base means the sum of the following for all Account Debtors:

EXIM Borrowing Base shall have the meaning set forth in the Exim Loan Documents.

EXIM Borrowing Base the “Borrowing Base” as defined in the EXIM Credit Agreement.

EXIM Borrowing Base means at any time the product of the EXIM Account Balance and the EXIM Advance Rate.

EXIM Borrowing Base means an amount not in excess of the sum of the following: (a) ninety percent (90%) of the aggregate amount due and owing on Eligible Export Receivables of U.S. Borrower plus (b) seventy-five percent (75%) of U.S. Borrower's Eligible Export Inventory; provided, however, that the amount available under this subpoint (b) shall not exceed sixty percent (60%) of the sum of the amounts available under subpoints (a) and (b) of this definition taken together except as provided in the EXIM Bank's waiver letter dated July 2, 2002. The amount of the EXIM Borrowing Base may be decreased by Agent and the Banks at any time and from time to time, in the exercise of their reasonable discretion and U.S. Borrower consents to any such decreases and acknowledges that decreasing the amount of the U.S. Borrowing Base or increasing the reserves may limit or restrict Revolving EXIM Loans requested by U.S.

EXIM Borrowing Base is the sum of (x) 90% of Exim Eligible Foreign Accounts, (y) the lesser of (A) 25% of all Exim Eligible Foreign Retainage Accounts, and (B) $500,000, and (z) the lesser of (I) 75% of Exim Eligible Foreign Inventory (valued at the lower of cost or market), (II) $4,000,000, and (III) 60% of the aggregate outstanding amount of Exim Loans, as determined by Silicon from Borrower’s most recent Exim Borrowing Base Certificate; provided, that, if Borrower’s Tangible Net Worth is less than $20,000,000, then Exim Eligible Foreign Retainage Accounts will be excluded from the calculation of EXIM Borrowing Base.