Global Borrowing Base definition
Global Borrowing Base means the “Global Borrowing Base” as determined from time to time pursuant to Section 2.7.
Global Borrowing Base means the sum of the Canadian Borrowing Base, the Dutch Borrowing Base, the German Borrowing Base, the U.S. Borrowing Base and the U.K. Borrowing Base (calculated giving effect to the proviso in the definition of “PP&E Component”).
Global Borrowing Base means at any time an amount determined in accordance with Section 2.07, as the same may be adjusted from time to time pursuant to Section 8.12(c), Section 9.02(n), or Section 9.10.
Examples of Global Borrowing Base in a sentence
No Loan Party will permit any Indenture Restricted Subsidiary to own any (a) assets (x) of the type eligible to be included in the Global Borrowing Base, Swiss Borrowing Base or German Borrowing Base or (y) other than Principal Properties (as defined in each Indenture) or (b) Equity Interests of any Subsidiaries other than another Indenture Restricted Subsidiary.
More Definitions of Global Borrowing Base
Global Borrowing Base means, at any time of calculation, an amount equal to the sum of the Modified Borrowing Base plus the FILO Borrowing Base.
Global Borrowing Base means the sum of the ABL Borrowing Base and the Term Loan Borrowing Base.
Global Borrowing Base means the sum of the Canadian Tranche A Borrowing Base, the Canadian Tranche B Borrowing Base, the Germany Silicone Tranche A Borrowing Base, the Germany Silicone Tranche B Borrowing Base, the Germany Quartz Tranche A Borrowing Base, the Germany Quartz Tranche B Borrowing Base, the Additional M&E Borrowing Base, the U.S. Tranche A Borrowing Base and the U.S. Tranche B Borrowing Base.
Global Borrowing Base shall have the meaning ascribed to such term in the U.S. Credit Agreement (without amendment except as permitted pursuant to the Intercreditor Agreement).
Global Borrowing Base at any date, eighty-five percent (85%) of the sum of each of the following, without duplication: (a) cash of any Loan Party held overnight in such Loan Party’s Store Safe; (b) the cash balances held in Store Accounts of Loan Parties; (c) the amount payable under checks properly endorsed to a Loan Party and held in such Loan Party’s Store Safe or converted to electronic form; (d) clearing house transfers to a Loan Party initiated on the previous day and transfers of same-day funds to a Loan Party to be credited to such Loan Party’s Store Account; (e) cash held overnight by armored car carriers for the benefit of Loan Parties; (f) cash balances held in demand deposit accounts and/or investment accounts of Loan Parties on which the Administrative Agent, for the benefit of the Secured Parties, has been granted a first priority perfected Lien; and (g) Eligible CLP Assets of Loan Parties; provided that, in no event shall any of the items described in subparagraphs (a) through (g) above be included in any calculation of the “Global Borrowing Base” to the extent any of the same are subject to any Liens other than Permitted Liens.
Global Borrowing Base the sum of the U.K. Borrowing Base and the U.S. Borrowing Base; provided, that the U.K. Borrowing Base may not exceed 50% of the Global Borrowing Base.
Global Borrowing Base means at any time an amount equal to the lesser of (a) the sum of (i) the Oil and Gas Reserve Borrowing Base plus (ii) the Non-Reserve Borrowing Base, determined in accordance with Section 2.07 and as may be further adjusted pursuant to Section 8.13(c) and (b) the Aggregate Maximum Credit Amounts at such time. As of the Third Amendment Effective Date, the Global Borrowing Base shall be $100,000,000.