Borrowing Base Definition Example with 5 Variations
This page contains an example definition of Borrowing Base, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Borrowing Base. Is eighty percent (80%) of Eligible Accounts as determined by Bank from Borrower's most recent Borrowing Base Certificate; provided, however, that Bank may lower the percentage of the Borrowing Base after performing an audit of Borrower's Collateral.
Found in
SOURCEFIRE INC contract
Variations
Borrowing Base. Is eighty percent (80%) is 80% of Eligible Accounts as determined by Bank from Borrower's most recent Borrowing Base Certificate; provided, however, that Bank may lower the percentage of the Borrowing Base after performing an audit of Borrower's Collateral.
Found in
SABA SOFTWARE INC contract
Borrowing Base. Is is seventy-five percent (75%) of Eligible Inventory plus eighty percent (80%) of Eligible Accounts as determined by Bank from Borrower's most recent Borrowing Base Certificate; provided, however, that Bank may lower the percentage of the Borrowing Base after performing an audit of Borrower's Collateral.
Found in
Odimo INC contract
Borrowing Base. Is eighty percent (80%) is 80.0% of Eligible Accounts Accounts, as determined by Bank from Borrower's most recent Borrowing Base Certificate; provided, however, that Bank may lower the percentage of the Borrowing Base after performing an audit of Borrower's Collateral. Accounts.
Found in
ART TECHNOLOGY GROUP INC contract
Borrowing Base. Is eighty percent (80%) is 80% of Eligible Accounts Accounts, as determined by Bank from Borrower's most recent Borrowing Base Certificate; provided, however, that Bank may lower the percentage of the Borrowing Base after performing an audit of Borrower's Collateral.
Borrowing Base. Is eighty is seventy five percent (80%) (75%) of Eligible Accounts as determined by Bank from Borrower's most recent Borrowing Base Certificate; provided, however, PROVIDED, HOWEVER, that Bank may lower the percentage of the Borrowing Base after performing an audit of Borrower's Collateral.
Found in
OPTIUM CORP contract
