Common use of Term Loan Push-Down Reserve Clause in Contracts

Term Loan Push-Down Reserve. At any time the Total Outstandings exceed the Borrowing Base, the Loan Parties shall cause the Term Loan Push-Down Reserve to be maintained against the Revolver Borrowing Base (as and when required under the ABL Intercreditor Agreement).

Appears in 2 contracts

Samples: Term Loan Credit Agreement, Term Loan Credit Agreement (Sears Hometown & Outlet Stores, Inc.)

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Term Loan Push-Down Reserve. At any time that the Total Outstandings exceed Term Loan Exposure exceeds the Borrowing BaseTerm Loan Exposure Limitation (an “Overadvance”), the Loan Parties shall cause the Term Loan Push-Down Reserve to be maintained against the Revolver ABL Borrowing Base (as and when required under the ABL Intercreditor Agreement).Base. SECTION 11.17

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

Term Loan Push-Down Reserve. At any time the that Total Outstandings exceed the Borrowing Base, the Loan Parties shall cause the Term Loan Push-Down Reserve to be maintained against the Revolver Revolving Borrowing Base (as and when required under the ABL Intercreditor Agreement)Base.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Stein Mart Inc)

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Term Loan Push-Down Reserve. At any time that the Total Outstandings exceed Term Loan Exposure exceeds the Borrowing BaseTerm Loan Exposure Limitation (an “Overadvance”), the Loan Parties shall cause the Term Loan Push-Down Reserve to be maintained against the Revolver ABL Borrowing Base (as and when required under the ABL Intercreditor Agreement)Base.

Appears in 1 contract

Samples: Credit Agreement (Big Lots Inc)

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