Revolver Borrowing Base definition

Revolver Borrowing Base means the “Borrowing Base” under and as defined in the Revolver Credit Agreement, as in effect on the date hereof or as modified from time to time with the consent of the Agent or in accordance with the ABL Intercreditor Agreement.

Revolver Borrowing Base on any date of determination, an amount equal to the sum of (a) the Accounts Formula Amount, plus (b) the Inventory Formula Amount, plus (c) the Temporary Overadvance Amount, minus (d) the Availability Reserve established by Agent in its Permitted Discretion, provided, however, that (i) Eligible In-Transit Inventory shall in no event contribute more than $7,000,000 (after giving effect to the Inventory Formula Amount) to the Revolver Borrowing Base at any time and (ii) Eligible Accounts owing to and Eligible Inventory held by the UK Guarantors shall not contribute more than an aggregate of $6,000,000 (after giving effect to the Account Formula Amount and Inventory Formula Amount, respectively) to the Revolver Borrowing Base at any time. If any amount in this definition is stated in a currency other than Dollars on any date, then such amount on such date shall be equal to the Dollar Equivalent of such amount in such other currency.”

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

Examples of Revolver Borrowing Base in a sentence

• If, at any time, (A) the Revolver Usage on such date exceeds (B) the Revolver Borrowing Base reflected in the Revolver Borrowing Base Certificate most recently delivered by Borrower to Agent, then Borrower shall immediately prepay the Obligations in accordance with Section 2.4(f) in an aggregate amount equal to the amount of such excess.

• FILO Borrowing Base and Revolver Borrowing Base calculations shall be consistent with historical methods of valuation and calculation, and otherwise satisfactory to Agent (and not necessarily calculated in accordance with GAAP).

• If any Asset Disposition includes the disposition of Accounts or Inventory, then the Net Proceeds of such Asset Disposition (minus any Net Proceeds required to prepay FILO Loans pursuant to clause (a) above) in an amount equal to the greater of (a) the net book value of such Accounts and Inventory, or (b) the reduction in the Revolver Borrowing Base upon giving effect to such disposition, shall be applied to the Revolver Loans.

• Later, it will be used to prove the lower bound on Res(k) refutations of random CNFs. More complicated distributions are used for our other results.with probability p .Definition 3.5. Let n > 0 and p ∈ [0, 1].

• All references in the Loan Documents to Loans, Letters of Credit, Obligations, FILO Borrowing Base components, Revolver Borrowing Base components and other amounts shall be denominated in Dollars, unless expressly provided otherwise.

More Definitions of Revolver Borrowing Base

Revolver Borrowing Base means, the “Borrowing Base” as such term is defined in the Revolver Loan Agreement.

Revolver Borrowing Base means, as of any date of determination by Agent, from time to time, an amount equal to the sum at such time of:

Revolver Borrowing Base. On any day, the sum of the Maximum Advance Amounts for each Asset Backed Security which is an Eligible Security on such day.

Revolver Borrowing Base. Senior Borrowing Base", "Supermajority Lenders" (vii) extend the date or decrease the amount of any mandatory prepayment of the Borrowings pursuant to Section 2.04, (viii) change the sharing provisions among the Lenders, or (ix) change the several nature of the obligations of the Lenders;

Revolver Borrowing Base has the meaning specified in the definition of Borrowing Base.

Revolver Borrowing Base means on any date of determination, the lesser of (a) the aggregate Revolver Commitments and (b) the result of (i) the sum of (x) the Accounts Formula Amount plus (y) the Inventory Formula Amount minus (ii) the Revolver Availability Reserve.

Revolver Borrowing Base means, at any time of calculation by the Agents, without duplication, is the result of: