Borrowing Base Components Sample Clauses

Borrowing Base Components. At any time of determination ------------------------- thereof, the value of any component of Real Estate Inventory used to calculate the Borrowing Base does not exceed the GAAP Value of such component of Real Estate Inventory.
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Borrowing Base Components. (a) cash and Cash Equivalents of the Borrowers and their Subsidiaries in Dollars that are subject to an Acceptable Security Interest $ 100 % $ (b) Tier I Eligible Accounts $ 90 % $ (c) Tier II Eligible Accounts $ 80 % $ (d) Tier I Unbilled Eligible Accounts $ 85 % $ (e) Tier II Unbilled Eligible Accounts $ 80 % $ (f) positive value of Eligible Exchange Accounts $ 80 % $ (g) positive value of Imbalances $ 80 % $ (h) Eligible Inventory $ 85 % $ (i) Eligible LDC Residual Contract Rights $ 85 % $ (j) Undelivered Product Value $ 80 % $ (k) Swap Termination Value owed by a Borrower or any of its Subsidiaries for any Swap Contract between a Borrower or any of its Subsidiaries and a Swap Counterparty $ 120 % $ (l) First Purchaser Liens $ 100 % $ (m) (i) From the Closing Date through December 12, 2008, $35,000,000.00 $
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Borrowing Base Components. As to each Acquired Loan represented by the Borrower to be an "ELIGIBLE ACQUIRED LOAN" on a Borrowing Base Certificate, as of the date of each such Borrowing Base Certificate, each such Acquired Loan constitutes an Eligible Acquired Loan.
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Borrowing Base Components 
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Related to Borrowing Base Components

  • Borrowing Base Reports Within thirty (30) days after the last day of each month, aged listings of accounts receivable and accounts payable (by invoice date) (the “Borrowing Base Reports”);

  • Borrowing Base Agent shall have received evidence from Borrowers that the aggregate amount of Eligible Receivables and Eligible Inventory is sufficient in value and amount to support Advances in the amount requested by Borrowers on the Closing Date;

  • Borrowing Base Report The Agent shall have received from the Borrower the initial Borrowing Base Report dated as of the Closing Date.

  • Borrowing Base Certificate The Administrative Agent shall have received a completed Borrowing Base Certificate duly executed by a financial officer of the Borrower, setting forth the calculation of the initial Borrowing Base as of the last day of the month preceding the date of the initial Advance under the Revolving Facility or the initial Letter of Credit.

  • Borrowing Base Certificates (i) On or before the last day of each month from and after the date hereof, the Borrowers shall deliver to Collateral Agent, in form acceptable to Collateral Agent, a Borrowing Base Certificate as of the last day of the immediately preceding month, with such supporting materials as Collateral Agent shall reasonably request. If Collateral Agent shall request at any time (i) an Event of Default has occurred and is continuing or (ii) following an Excess Availability Triggering Event and continuing until the Cure Date or following the occurrence of a Default or Event of Default and so long as it is continuing, the Borrowers shall execute and deliver to Collateral Agent Borrowing Base Certificates on or before the third (3rd) Business Day of each week, provided that any referenced amounts with respect to unbilled Accounts will continue to be updated monthly. (ii) Together with each delivery of a Borrowing Base Certificate, the Borrower Representative shall deliver to Collateral Agent, in the form reasonably acceptable to Collateral Agent, a detailed accounts receivable and accounts payable aging of the Borrowers’ accounts aged by invoice date, account roll- forward with supporting details supplied from sales journals, collection journals, credit registers and any other records, unbilled accrued receivables report, unapplied deposits report, unbilled accrued payables reports, deferred revenue report, detailed list of Eligible Accounts and Eligible Unbilled Accounts, access to review new major contracts (MSAs and scope of work arrangements), sales tax accruals and a reconciliation to B▇▇▇▇▇▇▇’s general ledger and the Borrowing Base Certificate delivered by the Borrower as of such date and to such Borrower’s most recent financial statements and all with supporting information and materials as Collateral Agent shall reasonably request.