Examples of Inventory Borrowing Base in a sentence
The amount of such reserves shall be subtracted from the Receivables Borrowing Base or Inventory Borrowing Base, as applicable, when calculating the amount of the Borrowing Capacity.
Borrower shall draw all available funds under the A/R Borrowing Base prior to drawing any available funds under the Inventory Borrowing Base.
At such time that amounts advanced under the A/R Borrowing Base have been paid in full, with no further intention on the part of Lender to make further Advances, or on the part of Borrower to obtain further Advances, amounts advanced under the Inventory Borrowing Base shall also be due and payable in full.
The Inventory Borrowing Base Certificate shall be in the form attached hereto as Schedule 3(e) or in such other form as required by FGI, and shall be signed by a duly authorized representative of Seller.
Agent may, at any time and from time to time, with three (3) Business Days prior notice to the Borrower, in its Reasonable Credit Judgment, establish reserves against the Receivables Borrowing Base or the Inventory Borrowing Base of the Borrower which shall be subtracted from the applicable Receivables Borrowing Base or Inventory Borrowing Base when calculating the amount of the Borrowing Capacity.