Borrowing Base

Borrowing Base. (c) the following amount determined in accordance with the appropriate reference period: July 1, 2002 to The lesser of (i) $11,000,000 or March 31, 2003 (ii) 50% of the Library Credit April 1, 2003 to The lesser of (i) $10,000,000 or June 30, 2003 (ii) 45% of the Library Credit July 1, 2003 to The lesser of... (i) $9,000,000 or September 30, 2003 (ii) 40% of the Library Credit October 1, 2003 to The lesser of (i) $8,000,000 or the Commitment (ii) 35% of the Library Credit Termination Date provided, that in no event shall the value of the Library Credit for purposes of determining Borrowing Base exceed $22,662,262; plus View More

Borrowing Base. Means 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) 85% of Eligible Accounts, (ii) the lesser of (A) 20% of Eligible Inventory or (B) $200,000, plus (iii) the Overadvance.

Borrowing Base. Shall mean, for any date, the product of (a) 0.80 and (b) Net Trade Accounts Receivable on such date.

Borrowing Base. Shall mean the sum of (i) Eighty percent (80%) of the net amount of Eligible Receivables or such greater or lesser percentage as Lender, in its sole discretion, shall deem appropriate, or as provided otherwise herein.

Borrowing Base. Shall mean, at any time, collectively, the Haynes Parent Borrowing Base and the Haynes Wire Borrowing Base at such time.

Borrowing Base. Shall mean, at any time, the amount equal to: (a) the sum of: (i) eighty-five (85%) percent of the Eligible Accounts, PLUS (ii) the lesser of: (A) $30,000,000 and (B) the sum of (1) the lesser of (x) sixty-five (65%) percent multiplied by the Value of the Eligible Inventory (other than Precious Metals Inventory) of the... Non-Precious Metals Borrowing Base Parties or (y) eighty-five (85%) percent of the Net Recovery Percentage multiplied by the Value of such Eligible Inventory of the Non-Precious Metals Borrowing Base Parties, PLUS (2) the lesser of (x) the sum of (aa) sixty-five (65%) percent multiplied by the Value of the Eligible Inventory (other than Precious Metals Inventory) of the Precious Metals Borrowing Base Parties and (bb) eighty (80%) percent multiplied by the Value of the Eligible Inventory consisting of Precious Metals Inventory and Eligible Consigned Precious Metals Inventory of Parent and the Precious Metals Borrowing Base Parties or (y) eighty-five (85%) percent of the Net Recovery Percentage multiplied by the Value of such Eligible Inventory and Eligible Consigned Precious Metals Inventory of Parent and the Precious Metals Borrowing Base Parties, MINUS, (b) Reserves. View More

Borrowing Base. Means 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) 85% of Eligible Accounts, (ii) the lesser of (A) 20% of Eligible Inventory or (B) $200,000, (iii) 65% of Unbilled Charts, (iv) 65% of Unbilled Fieldwork, plus (v) 65% of Unbilled Lab Work.

Borrowing Base. Shall mean $16,000,000.

Borrowing Base. Means, as of the date of determination thereof, the sum of (i) the book value of Eligible Receivables multiplied by 85% plus (ii) for dates of determination occurring during the periods from December 1, 2000 through and including February 28, 2001 and December 1, 2001 through and including February 28, 2002, $48,000,000, and for all other dates of determination, $45,000,000.

Borrowing Base. Means an amount calculated as provided in Schedule 11.