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.
There exists an Acceptable Security Interest in all Property included in the Working Capital Borrowing Base.
Giving effect to any ------------------------------ Working Capital Extensions of Credit to be made as of the date hereof under this Agreement, the aggregate amount of all Working Capital Extensions of Credit under this Agreement does not exceed the Working Capital Borrowing Base on the date hereof.
Giving effect to any Working ------------------------------ Capital Extensions of Credit outstanding or to be made as of the date hereof under this Agreement, the aggregate amount of all Working Capital Extensions of Credit under this Agreement does not exceed the Working Capital Borrowing Base on the date hereof.
Borrowing Bases - Collectively the Warehouse Borrowing Base and Working Capital Borrowing Base.