Borrowing Base

Borrowing Base. At any time the lesser of: (a) the Maximum Line; or (b) subject to change from time to time in the Lender's sole discretion, the sum of: (i) 80% of Eligible Accounts; plus (ii) the lesser of (aa) 35% of Eligible Inventory constituting raw material, plus 40% of Eligible Inventory constituting finished goods, or (bb) $3,000,000.

Borrowing Base. The lesser of (1) the sum of (a) eighty-five percent (85%) of the Company's aggregate outstanding Eligible Accounts Receivable less Dilution Reserves, if any, plus (b) the lesser of (i) eighty percent (80%) of the aggregate value of the Company's Eligible Inventory, valued at net orderly liquidation value as established by an appraiser chosen by CIT, (ii) thirty-two percent (32%) of the Company's finished goods Eligible Inventory, thirty-five percent (35%) of the Company's raw material... electronic components, or fifty percent (50%) of the Company's raw material plastic resin, each valued at the lower of cost or market, on a first in, first out basis or (iii) the Inventory Loan Cap, less (c) any applicable Availability Reserves and (2) the amount of cash collections of Accounts for the forty-five (45) Business Days, less any applicable Availability Reserves View More

Borrowing Base. Shall be decreased from $250,000,000 to $200,000,000 (the "Borrowing Base Decrease"), and the Borrowing Base shall remain at $200,000,000 until the next Scheduled Redetermination, Interim Redetermination or other adjustment of the Borrowing Base thereafter, whichever occurs first pursuant to the terms of the Credit Agreement.

Borrowing Base. At any time, the amount equal to: (a) 87.5% of the Net Amount of Eligible Accounts; provided, however, such percentage shall be reduced by one percentage point for each percentage point (or fraction thereof) by which Dilution exceeds 3%, plus (b) the lesser of (i) 70% (or 75% during the Seasonal Period) of the sum of: (A) the Value of Eligible Inventory, (B) the Value of Eligible Domestic In-Transit Inventory, (C) the Value of Eligible International In-Transit Inventory and (D) the Value of... Eligible Re-Load Inventory or (ii) the Applicable NOLV Percentage multiplied by the sum of the Net Orderly Liquidation Value; provided, however, Revolving Loans outstanding with respect to Eligible Domestic In-Transit Inventory, Eligible International In-Transit Inventory and Eligible Re-Load Inventory shall not exceed, in the aggregate at any one time outstanding, $85,000,000, minus (c) the sum of all Reserves. View More

Borrowing Base. The sum of (a) 80% of the amount of Borrowers' Eligible Accounts, less (b) the amount of any Reserves required by Lender, less (c) the principal amount outstanding under the Term Loan

Borrowing Base. Is as set forth in the Schedule.

Borrowing Base. As of the relevant date of determination, advances are limited to the lesser of two times Trailing Twelve Month EBITDA or 80% of the net amount of Borrower's Eligible Accounts less than 60 days.

Borrowing Base. As of the relevant date of determination, borrowings will be limited to the lesser of (i) 80% of the net amount of Borrower's Eligible Accounts or (ii) Borrower's TTM EBITDA, as of the relevant date of determination, multiplied by two (2).

Borrowing Base. As of any date of determination, the result of: (a) 70% of the amount of Eligible Accounts (the "A/R Availability Amount"), plus (b) the lowest of (i) $62,500,000, (ii) 50% of the value of Eligible Inventory, and (iii) the A/R Availability Amount, minus (c) the aggregate amount of reserves, if any, established by Administrative Agent under Section 2.1(c) of the Agreement

Borrowing Base. At any time, the lesser of: (a) $1,800,000.00; or (b) the sum of: (i) 50% of Borrower's Eligible Accounts Receivable; plus (ii) 50% of Borrower's Eligible Inventory.