FILO Borrowing Base definition
Examples of FILO Borrowing Base in a sentence
The FILO Credit Loans shall be funded in one draw on or prior to the FILO Credit Commitment Expiration Date in an amount not to exceed $10,000,000 in respect of Eligible Accounts, Eligible Unbilled Accounts, and Eligible Inventory contemplated under the FILO Borrowing Base (the date of such funding, the “FILO Credit Funding Date”), upon and subject to the satisfaction of the conditions set forth in Section 2.9(b).
Upon the Administrative Agent’s request and in the Administrative Agent’s Permitted Discretion, representatives designated by the Administrative Agent shall conduct field examinations and inventory appraisals, with respect to any Accounts or Inventory included in the calculation of the Borrowing Base or the FILO Borrowing Base, at reasonable business times and upon reasonable prior notice to the Company.
Notwithstanding anything herein to the contrary, in no event shall the Company request that the Administrative Agent make available to Public-Xxxxxx budgets or any certificates, reports or calculations with respect to the Company’s compliance with the covenants contained herein or with respect to the Borrowing Base or the FILO Borrowing Base.