Borrowing Base Test. A test that is satisfied as of any Measurement Date if the Borrowing Base is at least equal to the Outstanding Borrowings. Breakage Costs: Defined in Section 2.11.
Appears in 3 contracts
Sources: Loan and Servicing Agreement (Prospect Capital Corp), Loan and Servicing Agreement (Prospect Capital Corp), Loan and Servicing Agreement (Prospect Capital Corp)