Borrowing Base

Borrowing Base. Means an amount, determined as of the date of the Borrowing Base Certificate then most recently delivered pursuant to this Agreement, equal to the sum, without duplication, of the following values:(a) 100% of Cash then held in a Collateral Account;(b) Eligible Inventory, determined in accordance with the Applicable Advance Rate; and(c) Inter-Harvest Excess.

Borrowing Base. Shall mean an amount, determined as of the date of the Borrowing Base Certificate then most recently delivered pursuant to this Agreement, equal to (1) the sum, without duplication, of values associated with the following collateral security of the Borrowers:(a) 100% of Cash then held in a Collateral Account; and(b) 50% of Pledged Inventory, determined in accordance with the Applicable Advance Rate. 1

Borrowing Base. "(ii) the lesser of (A) eighty-five percent (85%) of Eligible Accounts in respect of which the account debtor is an Approved Foreign Account Debtor, or (B) $15,000,000, plus"

Borrowing Base. Means, at any time, the sum of (a) Domestic Accounts, plus (b) Unbilled Accounts, minus (c) Customer Deposits.

Borrowing Base. Means, at any time, the sum of (a) up to 85% of the Borrowers' Eligible Accounts at such time, plus (b) the lesser of (i) up to 60% of the Borrowers' Eligible Inventory, valued at the lower of cost or market value, determined on a first-in-first-out basis, at such time and (ii) the product of 85% multiplied by the Net Orderly Liquidation Value percentage identified in the most recent inventory appraisal ordered by the Administrative Agent multiplied by the Borrowers' Eligible Inventory, valued... at the lower of cost or market value, determined on a first-in-first-out basis, at such time, minus (c) Reserves related to the Borrowers, minus (d) the Availability Block. The maximum amount of Inventory which may be included as part of the Borrowing Base is $31,500,000. The Administrative Agent may, in its Permitted Discretion, reduce the advance rates set forth above, adjust Reserves or reduce one or more of the other elements used in computing the Borrowing Base. View More

Borrowing Base. Means, at any time, the lesser of: (a) the Aggregate Revolving Commitment Amount, and (b) the sum of (i) 60% of Eligible Receivables Value, (ii) the lesser of (A) $20,000,000, or (B) 50% of Eligible Finished Goods Value, (iii) 20% of Eligible Parts Value, and (iv) 10% of Eligible Raw Materials Value.

Borrowing Base. The amount equal to: eighty-five (85%) percent of the Net Amount of Eligible Accounts of Borrower plus (B) the least of: fifty (50%) percent of the Value of Eligible Inventory consisting of finished goods and Bulk Inventory and raw materials, seventy-five (75%) percent of the Net Recovery Percentage with respect to Eligible Inventory consisting of finished goods and Bulk Inventory and raw materials or $10,000,000, less (C) any Reserves.

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, plus (ii) during the Foreign Accounts Eligibility Period, the lesser of (A) 85% of Eligible Foreign Accounts or (B) $1,500,000; plus (iii) the lesser of (A) 34% of Eligible Inventory that consists of raw material, or (B) $2,500,000; plus (iv) the lesser of (A) 50% of Eligible Inventory that consists of works in progress, or... (B) $6,000,000; plus (v) the lesser of (A) 31% of Eligible Inventory that consists of finished goods, or (B) $6,000,000. View More

Borrowing Base. An amount equal to fifty percent (50%) of the positive difference of (a) the aggregate value of Borrower's Eligible Inventory, minus (b) Borrower's outstanding accounts payable attributed to merchandise inventories as shown on Borrower's most recent Financial Statements and as determined in accordance with GAAP

Borrowing Base. At any time, an amount equal to the outstanding balances of all secured land acquisition and development loans made by Borrower and all equity interests owned by Borrower, the repayment of which is secured; in each case, whether payment or priority of liens is subordinate to payment or priority of liens in favor of any other creditor, provided that the Borrowing Base shall at no time exceed a Combined Loan-to-Value Ratio of 90% of the Retail Appraised Value of all subordinate loans and equity... interests for land development and/or land acquisition owned by Borrower and 90% of the Retail Appraised Value for first lien secured loans for land development and/or land acquisition owned by Borrower. View More