Borrowing Base Amount means:
Examples of Borrowing Base Amount in a sentence
The Lender shall have the right, at any time and from time to time after the Closing Date in its Permitted Discretion to establish, modify or eliminate Reserves in respect of the Borrowing Base Amount and/or the Revolving Loan Commitment Amount.
More Definitions of Borrowing Base Amount
Borrowing Base Amount means, with respect to the Borrower, an amount equal to the sum, without duplication, of the following;
Borrowing Base Amount means, on any date of determination, the Outstanding Receivables Balance of all Eligible Receivables (other than any Eligible Receivables that would cause the Concentration Limits to be exceeded).
Borrowing Base Amount means an amount equal to the lesser of: (a) the Aggregate Mortgageability Amount as of such date for the Qualified Borrowing Base Assets and (b) the Collateral Value Amount as of such date for the Qualified Borrowing Base Assets.
Borrowing Base Amount means, if the Reserve Amount has not been fully collected by Lender as of the date the Borrowing Base Amount is calculated, then an amount, expressed in Dollars, equal to eighty percent (80%) of the amount of funds then available in the Lock Box Account as of the date the Borrowing Base Amount is calculated, less the Reserve Amount, less any interest or fees then due and payable to Lender under this Agreement. If the Reserve Amount has been fully collected by Lender in the Lock Box Account as of the date the Borrowing Base Amount is calculated, then an amount, expressed in Dollars, equal to one hundred percent (100%) of the amount of funds then available in the Lock Box Account as of the date the Borrowing Base Amount is calculated, less the Reserve Amount, less any principal, interest or fees then due and payable to Lender under this Agreement.
Borrowing Base Amount means, as to the Company and its Restricted Subsidiaries, the sum of (x) 65% of the gross value of Inventory plus (y) 85% of the gross value of Receivables, in each case, determined on a consolidated basis in accordance with GAAP, as reflected in the most recent quarterly consolidated financial statements delivered pursuant to Section 4.7.
Borrowing Base Amount means an amount, expressed in Dollars, equal to eighty percent (80%) of the amount of the Eligible Accounts and subject to adjustment by Lender, in Lender’s sole discretion.
Borrowing Base Amount means the sum of the Adjusted Tangible Net Worth of the Borrower, plus all Subordinated Debt of the Borrower.