Borrowing Base Calculation Clause Samples

Borrowing Base Calculation. The calculation by the Company of the Borrowing Base and the valuation thereunder is complete and accurate.

Borrowing Base Calculation. The Borrowing Base for the Borrower, as of ____________, 20___, is as follows: A. Total Value of Acceptable Assets of Borrower (“Acceptable Assets”) $______________________ B. 33-1/3% of Acceptable Assets $______________________ C. “senior securities representing indebtedness” (as such term is used in the 1940 Act), other than the Loans $______________________ D. Borrowing Base (line B minus line C) $______________________

Borrowing Base Calculation. The calculation of the Total Borrowing Base and each Borrowing Base (in each case, including the valuations thereunder) pursuant to the most recent Borrowing Base Certificate delivered pursuant to Sections 6.01(j) or 9.04(i) is complete and accurate (excluding any errors that are immaterial in nature).

Borrowing Base Calculation. As of the date of any Borrowing Base Certificate, (a) all Accounts included in the calculation of Eligible Accounts in such Borrowing Base Certificate satisfy the applicable requirements included in the definition of “Eligible Accounts” (b) all Inventory included in the calculation of Eligible Inventory in such Borrowing Base Certificate satisfies the applicable requirements included in the definition of “Eligible Inventory”, as applicable, and (c) all cash and Cash Equivalents included in the calculation of Eligible Borrowing Base Cash in such Borrowing Base Certificate satisfy the applicable requirements included in the definition of “Eligible Borrowing Base Cash”, except, in the case of clauses (a), (b) and (c), where the failure to satisfy such requirements is not materially adverse to the interests of the Lenders.

Borrowing Base Calculation. Total Borrowing Base (Adjusted as detailed in Exhibit A to Annex 1) $__________

Borrowing Base Calculation. (a) Eligible Accounts (i) 85% of Eligible Accounts2 $ (ii) the amount, if any, of the Dilution Reserve $ (iii) Item 1.a.. minus Item 1.b. $ (b) Eligible Expendables (i)$10,000,000 $ (ii)50% of the value (calculated at cost minus accumulated depreciation that is calculated in accordance with GAAP) of Eligible Expendables3 $

Borrowing Base Calculation. Eligible Accounts

Borrowing Base Calculation. 1. Current Asset Availability a. (i) 85% of Eligible Accounts1 $

Borrowing Base Calculation. Borrower hereby certifies to the Lender that, as of , 20 : (a) The aggregate outstanding principal balance of the Qualified MH Loans pledged to Lender under the Loan Agreement is: $ (b) The Borrowing Base as determined in accordance with the Loan Agreement (80% times the amount in line (a) above) is: $ (c) The maximum principal amount of the Term Loan (determined as the lesser of $5,000,000 or the amount in line (b) above) is: $ (d) The existing principal balance of the Term Loan is: $ (e) The Requisite Monthly Principal Payment Amount for this period which shall equal the amount in line (d) above minus the amount in line (b) above (there shall be no such payment amount to the extent the amount in line (d) is less than or equal to the amount in line (b) above): $