German Borrowing Base definition

German Borrowing Base means, for each German Borrower at any time, an amount equal to the sum of the Dollar Equivalent of, without duplication:

German Borrowing Base means, with respect to the German Loan Parties at any time, subject to the Eligibility Adjustment Principles and Borrowing Base Acquisition Adjustment Principles, the amount (expressed as a U.S. Dollar Equivalent amount) equal to:

German Borrowing Base the Dollar Equivalent sum of the following, as set forth in the most recently delivered Borrowing Base Certificate by such German Borrower:

Examples of German Borrowing Base in a sentence

• Notwithstanding anything herein to the contrary, no Agent shall have any liability arising from any confirmation of the Aggregate Borrowing Base, the German Borrowing Base, the Maltese Borrowing Base, Excess Availability, Revolving Credit Exposure or Total Outstandings or the component amounts of any of the foregoing.

• If the aggregate German Revolver Loans exceed the German Borrowing Base (a “German Overadvance”) at any time, the excess amount shall be payable by the German Borrower on demand by Agent, but all such German Revolver Loans shall nevertheless constitute German Facility Obligations secured by the German Facility Collateral.

• The German Borrowing Base shall be deemed to be $0 until an initial field examination and inventory appraisal reasonably satisfactory to the Administrative Agent shall have been conducted with respect to the applicable assets of the German Loan Parties.

• German Overadvance Loan Balance: on any date, the amount by which the aggregate German Revolver Exposure exceeds the amount of the German Borrowing Base on such date.

• Any Protective Advance may be made in a principal amount that would cause the aggregate German Revolving Credit Exposure to exceed the German Borrowing Base or the aggregate Maltese Revolving Credit Exposure to exceed the Maltese Borrowing Base, but only to the extent permitted by clause (d) of the definition of “Protective Advances”; provided that, after giving effect to such Protective Advance, the aggregate Revolving Credit Exposure shall not exceed the Aggregate Revolving Credit Commitments.

More Definitions of German Borrowing Base

German Borrowing Base means, as of any Borrowing Base Reporting Date, an amount equal to:

German Borrowing Base means, as of any date of determination, the result of:

German Borrowing Base means, at any time, the sum of

German Borrowing Base means, at any time, in relation to each German Borrower, 85% of that German Borrower’s Eligible Accounts at such time minus Reserves.

German Borrowing Base means at any time, an amount, subject to any applicable Pro Forma Borrowing Base Adjustment, equal to the Dollar Equivalent of: the sum of, without duplication, (a) 85% of the book value (90% of book value with respect to Investment Grade Account Debtors) of Eligible German Accounts; plus (b) the lesser of (i) 75% of the Cost of Eligible German Inventory or (ii) 85% of the Net Orderly Value of Eligible German Inventory; plus (c) 100% of German Qualified Cash; plus (d) if a Specified Tax Event has occurred, the Mexican Borrowing Base; provided that the Mexican Borrowing Base shall not exceed 10% of the German Borrowing Base at any time without the consent of the Supermajority Lenders; less

German Borrowing Base. In the case of any German Borrower, the "Borrowing Base" of such German Borrower, for this purpose as the term Borrowing Base is defined in the German Loan Agreement."

German Borrowing Base. German Collateral Instrument Fees", "German Collateral Instruments", "German Facility Reserve", "German Guaranty", "German Lender", "German Loan Agreement", "German Loan Documents", "German Loans", "German Maximum Drawing Amount", "German Obligations", "German Outstandings", "German Reimbursement Obligations", "German Risk Participation Fee", "German Unpaid Reimbursement Obligations", "Second Amendment" and "Second Amendment Effective Date":