U.S. Borrowing Base definition

U.S. Borrowing Base means, as of any date of determination, the result of:

U.S. Borrowing Base means, at any time, the sum of:

U.S. Borrowing Base means, at any time, an amount in Dollars equal to:

Examples of U.S. Borrowing Base in a sentence

• Each Borrowing Base Certificate shall set forth the calculation of the U.S. Borrowing Base in Dollars and of the Canadian Borrowing Base in the Dollar Equivalent.

• Each Applicable Lender shall timely honor its Facility Commitment by funding its Pro Rata share of each Borrowing of Revolver Loans under such Facility Commitment that is properly requested hereunder; provided, however, that no Lender shall be required to honor its Facility Commitment by funding its Pro Rata share of any Borrowing that would cause the U.S. Revolver Exposure to exceed the U.S. Borrowing Base or the Canadian Revolver Exposure to exceed the Canadian Borrowing Base, as applicable.

• If the aggregate U.S. Revolver Loans exceed the U.S. Borrowing Base (a “U.S. Overadvance”) at any time, the excess amount shall be payable by U.S. Borrowers on demand by Agent, but all such U.S. Revolver Loans shall nevertheless constitute U.S. Facility Obligations secured by the U.S. Facility Collateral.

• U.S. Availability: the U.S. Borrowing Base minus U.S. Revolver Usage.

• The revised Allocated U.S. Borrowing Base and Allocated Canadian Borrowing Base (and, if applicable, Commitment Percentages) shall become effective upon the distribution by the Administrative Agent to the Company, all Lenders and all Canadian Lenders of written notice thereof which shall occur not later than three (3) Business Days after its receipt of the notice of increase.

More Definitions of U.S. Borrowing Base

U.S. Borrowing Base means, at any time, with respect to the US Loan Parties, the sum of:

U.S. Borrowing Base means at any time an amount equal to the sum of, without duplication:

U.S. Borrowing Base means, as of any date of calculation, the amount calculated consistent with the Borrowing Base Certificate most recently delivered to the Administrative Agent hereunder equal to, without duplication, the sum of:

U.S. 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:

U.S. Borrowing Base means, as of any date of determination an amount equal to the sum of:

U.S. Borrowing Base means the sum, in Dollars, of the following as set forth in the most recently delivered US Borrowing Base Certificate:

U.S. Borrowing Base means, as of any date of determination (without duplication), the sum of (i) 100% of cash and Cash Equivalent balances in Dollars of the U.S. Loan Parties in the U.S. Borrowing Base Cash Collateral Account and the U.S. Availability Cash Collateral Account plus (ii) 90% of Eligible Credit Card Receivables of the U.S. Loan Parties plus (iii) 85% of Eligible Accounts of the U.S. Loan Parties plus (iv) 50% of the value of Eligible Raw Materials of the U.S. Loan Parties plus (v) the Trademark Component plus (vi) the lesser of (A)(I) 95% of the lower of cost or market value of Eligible Finished Goods of the U.S. Loan Parties plus (II) 50% of the lower of cost or market value of Eligible Third Party Logistics Goods of the U.S. Loan Parties and (B)(I) 90% of the Net Orderly Liquidation Value of Eligible Retail Finished Goods of the U.S. Loan Parties plus (II) 85% of the Net Orderly Liquidation Value of Eligible Wholesale Finished Goods and Eligible Third Party Logistics Goods of the U.S. Loan Parties (which shall not exceed 100% of the cost of Eligible Wholesale Finished Goods and Eligible Third Party Logistics Goods of the U.S. Loan Parties) minus (vii) without duplication, Reserves established by the Administrative Agent in its Permitted Discretion.