Borrowing Base
Borrowing Base. As of the relevant date of determination, borrowings will be limited to the lesser of 80% of the net amount of Borrower's Eligible Accounts (less than 90 days) or 2 times trailing twelve month EBITDA of Streamline Health Solutions, Inc.
Borrowing Base. The Borrowing Base shall be equal to the total Depreciated Net Book Value on all PLC Financed Assets. The Borrowing Base shall be reduced by any month-to-month interest or Unused Line Fee accrued on the Note.
Found in
RUSH ENTERPRISES INC contract
Borrowing Base. Means at any time an amount equal to the amount determined in accordance with Section 2.06, as the same may be adjusted from time to time pursuant to the Borrowing Base Adjustment Provisions. As of the Eighth Amendment Effective Date, the Borrowing Base is $3,300,000,000.
Found in
Bonanza Creek Energy, Inc. contract
Borrowing Base. Is seventy (70%) of Eligible Accounts as determined by Bank from Borrowers' most recent Borrowing Base Certificate; provided, however, that Bank may lower the percentage of the Borrowing Base based on the results of an audit of Borrowers' Collateral.
Found in
ANIMAS CORP contract
Borrowing Base. Shall mean: (A) up to 75% of Eligible Accounts as determined and confirmed 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 in Bank's good faith business judgment; and (B) up to 25% of Eligible Inventory, provided that Advances hereunder based on Eligible Inventory shall at no time exceed the lesser of (i) $1,000,000 or (ii) 33% of the...
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Found in
VASCULAR SOLUTIONS INC contract
Borrowing Base. At the relevant time of reference thereto, an amount, determined by Agent by reference to the most recent Borrowing Base Report delivered to Banks and Agent pursuant to Section 7.4(h), equal to 100% of the total amount of Eligible Accounts Receivable as determined by Agent by reference to the most recent Borrowing Base Report delivered to Agent, plus: (a) during the month of December, 2001, $13,000,000; (b) during the month of January, 2002, $13,000,000; (c) ...
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Found in
PROVANT INC contract
Borrowing Base. Borrowing Base" means, as of any date of determination and subject to Section 1.08 and the following sentence, the sum of (a) 80% of Eligible Accounts, (b) 50% of Eligible Inventory, (c) 50% of Cylinder Inventory, (d) 50% of Eligible Equipment and (e) 40% of Eligible In-Transit Inventory. Subject to any adjustments or corrections described in Section 1.08, the Borrowing Base at any relevant time will be based on the most recent Borrowing...
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Found in
BLUE RHINO CORP contract
Borrowing Base. Means $500,000 plus up to 75% of Eligible Accounts as determined by Bank from Borrower's most recent Borrowing Base Certificate; provided, however, that Bank may lower the foregoing percentage after performing audits of Borrower's Collateral from time to time.
Found in
SENORX INC contract
Borrowing Base. Shall mean the lesser of (a) $50,000,000 and (b) sum of(i) 85% of Qualified Accounts and (ii) 90% of Pledged Cash and Cash Equivalents.
Found in
IGATE CORP contract
Borrowing Base. The amount equal to the lesser of (i) Twenty-five Million Dollars ($25,000,000.00) minus the Loan Availability Cap, or (ii) the Inventory Advance Value.
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