Borrowing Base

Borrowing Base. Shall mean the lesser of (i) the amount of the Total Revolving Credit Commitment or (ii) 80% of the Eligible Accounts plus the lesser of (a) 40% of the Eligible Inventory as reported on the most recent Borrowing Base Certificate delivered pursuant to Section 5.1 (12) hereof or (b) $40,000,000; provided, however, if such certificate has not been provided the Borrowing Base shall be deemed to be zero.

Borrowing Base. Means Ninety Percent (90%) of the market value of the contents of the Pledged Account.

Borrowing Base. On any date shall equal the sum of: 2 (a) 85% of the total outstanding principal balance of all Eligible Accounts that are not Eligible Government Accounts, as certified in the Borrowing Base Certificate most recently furnished to Administrative Agents as required in Section 14.15.1.1; plus (b) 90% of the total outstanding principal balance of all Eligible Government Accounts, as certified in the Borrowing Base Certificate most recently furnished to Administrative Agents as... required in Section 14.15.1.1; plus (c) 100% of the cost of the Floorplanned Inventory as certified in the Borrowing Base Certificate most recently furnished to Administrative Agents as required in Section 14.15.1.1; minus (d) the sum of (i) the Bank Product Reserve and (ii) the aggregate amount of reserves against the Borrowing Base, if any, established by Administrative Agents pursuant to Section 3.1.7. View More

Borrowing Base. Means an amount equal to 80% of the Eligible Accounts, plus 50% of the Eligible Inventory.

Borrowing Base. Means, at any time and subject to change from time to time in the Lender's sole discretion: (i) for Laboratories, 85% of the Eligible Accounts of Laboratories plus the lesser of 85% of the Eligible Leadtech Accounts or $250,000; and (ii) for each other Borrower, 85% of the Eligible Accounts of the Borrower requesting the Revolving Advance.

Borrowing Base. The period at the end of subsection (d) of such definition and replacing it with the following: "; plus (e) an amount equal to the Special Availability, minus, without duplication, any Reserves maintained by Agent with respect to the MDG Collateral."

Borrowing Base. "‘Borrowing Base" means at any time the sum of (i) up to eighty percent (80%) of the total amount of Eligible Accounts, plus (ii) eighty percent (80%) of Unbilled Deliveries, less the amount of any Reserves required by Bank."

Borrowing Base. Shall mean the sum of: (1) seventy-five percent (75%) of the net amount of Eligible Accounts after deducting therefrom all payments, adjustments and credits applicable thereto.

Borrowing Base. Means the Borrowing Base as defined in the First Lien Credit Agreement.

Borrowing Base. Means, as of any date of determination, the result of: (a)the lesser of (i) 85% (less the amount, if any, of the Dilution Reserve, if applicable) of the amount of Eligible Accounts, and (ii) $15,000,000, minus (b)the Availability Block, minus (c)the aggregate amount of Reserves, if any, established by Lender in its Permitted Discretion.