Borrowing Base

Borrowing Base. Means, at any time of determination, the sum of (a) ninety percent (90%) of the aggregate Unfunded Capital Commitments of the Included Investors that are Rated Investors, as such amount is first reduced by all applicable Concentration Limits, (b) sixty-five percent (65%) of the aggregate Unfunded Capital Commitments of the Included Investors that are Eligible HNW Investors, as such amount is first reduced by all applicable Concentration Limits and (c) the Guaranteed Borrowing Base Amount. For... the avoidance of doubt, the Unfunded Capital Commitments of an Excluded Investor shall be excluded from the Borrowing Base until such time as such Investor becomes or is restored as an Included Investor. View More

Borrowing Base. The Administrative Agent and each Lender hereby redetermine and increase the Borrowing Base, effective as of the date hereof, to $1,600,000,000, and (b) the Administrative Agent, each Lender and the Borrower hereby agree and acknowledge that such redetermined Borrowing Base shall remain in effect until the date such Borrowing Base is otherwise adjusted pursuant to the terms of the Credit Agreement.

Borrowing Base. N/A

Borrowing Base. At any time 80% of Borrowers' Qualified Accounts plus 100% of the collected amounts on deposit to the Restricted Account, but not to exceed $10,000,000 minus any permanent reduction to the Loan required under paragraph 3 of this Agreement

Borrowing Base. Means, at any time, the sum of (a) the lesser of (i) 70% of the Borrowers' Eligible Accounts at such time and (ii) the Borrowers' Eligible Collected A/R Amount at such time minus (b) Reserves.

Borrowing Base. Clause (ii)(a)(i)(A) of the definition of ‘Borrowing Base' in Section 1.12 of the Loan Agreement is hereby amended by deleting 'seventy-five (75%) percent' and replacing it with 'eighty (80%) percent'.

Borrowing Base. (b) the lesser of (i) the Inventory Loan Limit for such Borrower, (ii) the sum of (A) seventy (70%) percent of the Value of Eligible Inventory of such Borrower consisting of finished goods and raw materials for such finished goods and (B) the lesser of (x) sixty (60%) percent of the Value of Eligible Inventory of such Borrower consisting of work-in-process for such finished goods, or (y) the Work-in-Process Sublimit for such Borrower, or (iii) eighty-five (85%) percent of the Net Recovery... Percentage of the Inventory of such Borrower multiplied by the Value of the Eligible Inventory of such Borrower, minus View More