Revolver Borrowing Base definition

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.”

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

Revolver Borrowing Base means the Borrowing Base referred to in the Revolving Credit Agreement.

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).
The foregoing obligations of the Loan Parties shall include Collateral audits and field examinations to audit the Collateral and each Revolver Borrowing Base and Cigarette Buy-In Borrowing Base.
As of the Closing Date and each date thereafter upon which the Borrower includes an Account as an Eligible Account in a Revolver Borrowing Base calculation or a Borrowing Base Certificate, such Account satisfies all of the criteria necessary to qualify such Account as an Eligible Account.
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.

More Definitions of Revolver Borrowing Base

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

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 means on any date of determination, the result of (i) an amount equal to the lesser of (A) the aggregate Revolver Commitments and (B) the sum of (1) the Accounts Formula Amount, plus (2) the lesser of (x) $25,000,000 and (y) the sum of the Retainage Accounts Formula Amount plus the Unbilled Retainage Accounts Formula Amount, plus (3) the Specified Overadvance, minus (ii) the Revolver Availability Reserve.

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