Facility A Borrowing Base definition

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 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.

Examples of Facility A Borrowing Base in a sentence

• SunOpta and SunOpta Food Group, as applicable, shall have provided the Agent with all Borrowing Base Certificates and other evidence relating to Facility A Borrowing Base, the Facility B Borrow Base and Excess Availability as the Agent may require in accordance with the terms hereof.

• All maps provided for each item identified in the scope of work to clarify findings, data, projections, and trends must be clear and concise in their purpose and delivery.

• The section titles are capitalized by pittetdin the text, but not in the bookmarks.

• The directors of JMAC have granted Mr. McConnell sole voting power and sole dispositive power with respect to these 12,415,982 Worthington common shares.

• For greater certainty, the Borrower agrees that an amount equal to the MasterCard Limit shall be subtracted from the Facility A Borrowing Base when determining the amount available to the Borrower under Facility A at any time and, for such purpose and to avoid duplication, the amount of the MasterCard Advances shall be deemed to be zero.

More Definitions of Facility A Borrowing Base

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:

Facility A Borrowing Base means, on any date of determination thereof, an ------------------------- amount equal to the sum of (a) 85% of the aggregate amount of Eligible Accounts of the Borrower and its Material Subsidiaries, plus (b) the lesser of (x) seven ---- million dollars and (y) 85% of Eligible Inventory. The Facility A Borrowing Base (including, without limitation, the aforesaid amounts) 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, as of any date, the lesser of: (a) the Facility A Maximum Principal Amount; or (b) 75% of the aggregate amount of Eligible Accounts Receivable.

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.

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 thereof, an

Facility A Borrowing Base means, on any day, the excess of (a) the sum of ------------------------- (i) the Aggregate Outstanding Principal Balance as of such day of all Transferred Receivables which are Eligible Receivables on such day, plus (ii) ---- the amount on deposit in the Collateral Account on such day, plus (iii) (without ---- duplication) the aggregate of the amount on deposit in the Facility A Subaccount of the Collection Account available for distribution pursuant to Section 3 of the Security Agreement on such day, over (b) the Required A Holdback in effect ---- on such day.