Facility A Borrowing Base means, as of any date of determination thereof by the Agent from time to time, an amount, without duplication, equal to the aggregate at such time of:
Facility A Borrowing Base means an amount not to exceed the following as shown on the Bank’s records at any time and as reported by the Borrower prior to each request for a Facility A Revolving Loan and each request for a Letter of Credit and in a Facility A Borrowing Base Certificate as required by this Agreement:
Facility A Borrowing Base set forth in Section 8 of Annex 2 to the Loan Agreement is hereby amended and restated in its entirety as follows:
Examples of Facility A Borrowing Base in a sentence
The Facility A Borrowing Base is hereby amended to provide for a 70% advance rate on Deemed Eligible Underlying Loans.
More Definitions of Facility A Borrowing Base
Facility A Borrowing Base or "Facility B Borrowing Base" shall be effective without the prior written consent of Nortel whether or not Nortel is a Lender at the time of such proposed amendment, waiver or consent.
Facility A Borrowing Base means, on any date of determination ------------------------- thereof, the amount equal to 85% of the aggregate amount of Eligible Accounts of the Borrower and its Material Subsidiaries and Holdings. The Facility A Borrowing Base (including without limitation, the amount of Eligible Accounts) on any date shall be determined by the Agent in accordance with the provisions of Section 2.1.1(c). ----------------
Facility A Borrowing Base means, on any date of determination thereof, an
Facility A Borrowing Base. The phrase "which constitute principal ------------------------- payments on the Transferred Receivables and which are "shall be inserted after the words "Collection Account" in clause (iii) of such ------------ definition.
Facility A Borrowing Base shall have the meaning set forth in Section 2.1(a) and Section 2.1(b).
Facility A Borrowing Base means, on any date of determination
Facility A Borrowing Base means, as of any date, the sum of (a) an amount equal to 80% of the value of Eligible Accounts Receivable plus (b) an amount equal to 35% of the value of Eligible Inventory constituting raw material, provided, that, the total amount of reliance under this clause (b) plus the reliance on the Facility B Borrowing Base may not exceed $5,000,000, plus (b) an amount equal to $4,800,000, representing 80% of the appraised value of the Mortgaged Property.