Working Capital Borrowing Base definition

Working Capital Borrowing Base means "Borrowing Base" as defined in the Working Capital Credit Agreement (as in effect on the date hereof or as amended pursuant to an amendment agreed to in writing by the Agents).

Working Capital Borrowing Base means as of any date of calculation, an amount, as set forth on the most current Borrowing Base Certificate delivered to the Administrative Agent, equal to the sum of:

Working Capital Borrowing Base means at any date all Eligible Servicing Receivables in which the Administrative Agent holds for the benefit of the Lenders a first priority perfected security interest at such date.

Examples of Working Capital Borrowing Base in a sentence

• Because the August 7, 1996 and August 15, 1996 Reconciliation Reports reflected that Outstanding Working Capital Obligations exceeded the Working Capital Borrowing Base and the Borrowers failed to make a prepayment in the amount of such excess within one (1) day thereof, the Borrowers are not in compliance with Section 2.08, MANDATORY PREPAYMENTS of the Credit Agreement.

• If at any time ------------------------------ the aggregate principal amount of all Working Capital Extensions of Credit exceeds the Working Capital Borrowing Base, the Borrowers shall, on the next Banking Day, prepay such excess principal amount together with accrued interest thereon at the applicable rate.

• Borrowing Bases - Collectively the Warehouse Borrowing Base and Working Capital Borrowing Base.

• Advocat shall also submit to the Lenders on a quarterly basis a fully certified Compliance Certificate, including a calculation of the Working Capital Borrowing Base.

• Without limiting the foregoing, the Credit Parties hereby consent to the Administrative Agent causing Availability Reserves to be imposed against the Working Capital Borrowing Base from time to time.

More Definitions of Working Capital Borrowing Base

Working Capital Borrowing Base has the meaning assigned to the term “Borrowing Base” in the Working Capital Agreement, as in effect on the Closing Date, whether or not such agreement remains in effect.

Working Capital Borrowing Base is defined in the definition of "Borrowing Base".

Working Capital Borrowing Base means, collectively, the "Domestic Borrowing Base" and the "Canadian Borrowing Base" as each such term is defined in the Working Capital Loan Agreement as such agreement is in effect on the date hereof.

Working Capital Borrowing Base means at any time an amount equal to the sum of 50% of Eligible Accounts Receivable, plus 50% of Eligible Inventory.

Working Capital Borrowing Base is amended by inserting after "time" in the first line thereof the following: "prior to August 30, 1996 and on and after January 1, 1997,".

Working Capital Borrowing Base means the "Borrowing Base", as such term is defined in and calculated under the Working Capital Loan Agreement as in effect on the date hereof, including the applicable percentage (as in effect on the Closing Date) of "Eligible Receivables" and "Eligible Backlog" (as such terms are defined in the Working Capital Loan Agreement as in effect on the Closing Date) set forth in such definition of "Borrowing Base", and giving effect to any reserves (including, without limitation, the reserve for Working Capital LC Obligations) from time to time established by the Working Capital Lender against such Borrowing Base in accordance with the Working Capital Loan Agreement.

Working Capital Borrowing Base shall have the meaning specified in ------------------------------