Revolving Borrowing Base means, at any time of calculation, an amount equal to:
Revolving Borrowing Base means as of any date of calculation, the lesser of (1) Aggregate Revolving Commitments or (2) the sum of:
Revolving Borrowing Base means, the sum of, without duplication:
Examples of Revolving Borrowing Base in a sentence
Each of the Borrowers, in connection with each Borrowing, and each issuance, amendment, renewal or extension of a Letter of Credit shall be deemed to have represented and warranted on the date thereof that the conditions specified in paragraphs (a) and (b) of this Section 4.03 have been satisfied at that time and that after giving effect to such extension of credit the Borrowers shall continue to be in compliance with the Revolving Borrowing Base and the Collateral Amount.
More Definitions of Revolving Borrowing Base
Revolving Borrowing Base means as of any date of calculation, the lesser of (1) the Aggregate Commitments and (2) the sum of:
Revolving Borrowing Base means, as of the date of determination thereof, an amount equal to:
Revolving Borrowing Base shall have the meaning set forth hereinbelow: An amount equal to 80% of the Borrower’s Eligible Accounts, plus 55% of the Borrower’s Eligible Inventory minus the outstanding principal balance of the Borrowing Base Advance Facility (hereinafter defined); provided, however, the outstanding amount Advanced against Eligible Inventory at any time shall not exceed 50% of total outstanding Advances (herein so called) under the Borrowing Base Line of Credit.
Revolving Borrowing Base means an amount equal to the Global Borrowing Base less the aggregate amount of the "Loans" (as defined in the Canadian Term Credit Agreement) outstanding pursuant to the Canadian Term Credit Agreement.
Revolving Borrowing Base has meaning specified in Section 2.7.
Revolving Borrowing Base means, at any time of determination, the sum of the following as set forth (other than with respect to clause (e) or clause (f)) in the most recently delivered Borrowing Base Certificate:
Revolving Borrowing Base means, on any date (subject to adjustment as provided in Section 1.05), the aggregate value of the assets of the Loan Parties, in an amount (calculated based on the most recent Revolving Borrowing Base Certificate delivered to the Administrative Agent in accordance with Section 5.01(f), absent any error in such Revolving Borrowing Base Certificate) that is equal to: