Examples of Revolving Loans Borrowing Base in a sentence
All Revolving Loans available to the Borrower subject to the Revolving Loans Borrowing Base and the Maximum Revolver Credit shall be subject to the Administrative Agent’s continuing right, with the consent of Required Lenders, to establish and revise Availability Reserves to the extent permitted elsewhere in this Agreement.
TEXTRON shall also have the right to reduce the Total Facility amount, the Revolving Loans Borrowing Base, the Floorplan Loans Borrowing Base, or any portion of either borrowing base, or the advance rates or to modify the terms and conditions upon which TEXTRON is willing to consider making advances under the Total Facility or to take additional reserves in the Revolving Loans Borrowing Base or the Floorplan Loans Borrowing Base for any reason.
TEXTRON may establish reserves against the Revolving Loans Borrowing Base for any amounts paid by TEXTRON pursuant to this paragraph or for any amounts being contested in good faith under this paragraph.
In determining whether to reduce the Revolving Loans Borrowing Base, Administrative Agent may consider events, conditions, contingencies or risks which are also considered in determining Eligible Accounts, Eligible Inventory or in establishing Availability Reserves.
If the requested Loan is a Revolving Loan, then, after giving effect to the requested Loan, the aggregate amount of Revolving Loans does not exceed the Revolving Loans Borrowing Base; * Confidential treatment requested.
FINOVA may establish reserves against the Revolving Loans Borrowing Base for any amounts paid by FINOVA pursuant to this paragraph or for any amounts being contested in good faith under this paragraph.
If at any time the outstanding ------------------------------ principal amount of the Revolving Loans exceeds an amount equal to the lesser of (i) the Revolving Loans Borrowing Base then in effect (as determined from time to time in accordance with Section 2.1(e) or (ii) the aggregate amount of the ------------- Revolving Loans Commitments, then, within one Business Day thereafter, the Borrower shall pay to the Administrative Agent the amount of such excess as a prepayment of the Revolving Loans.
Percentages used from time to time in calculating the Revolving Loans Borrowing Base are for the sole purpose of determining the maximum amount of the Outstanding Revolving Credit and shall not be evidentiary of or binding upon the Administrative Agent or the Lenders with respect to the market value or liquidation value of any Collateral.
Funding of Revolving Loans hereunder shall at all times remain subject to confirmation by the Administrative Agent of the Revolving Loans Borrowing Base.
Any notice, consent or other communication in connection with this Settlement Agreement shall be in writing and may be delivered in person, by mail or by email.