Combined Loan Cap means, at any time, an amount equal to the sum of (a) the lesser of (i) the Total ABL Commitments at such time and (ii) the ABL Borrowing Base Amount at such time (calculated without giving effect to the FILO Push-Down Reserve), plus (b) lesser of (i) the FILO Facility at such time and (ii) the FILO Borrowing Base Amount at such time.
Combined Loan Cap means, at any time of determination, the sum of (i) the Revolving Loan Cap, plus (ii) the lesser of (x) the outstanding amount of the Term Loan, or (y) the Term Loan Borrowing Base.
Combined Loan Cap means, at any time of determination, the sum of (a) the Loan Cap and (b) the Total FILO Outstandings at such time.
Examples of Combined Loan Cap in a sentence
The Combined Total Outstandings shall not exceed the lesser of the Term Loan Borrowing Capacity or the Combined Loan Cap.
Singapore has the national service and it can take advantage of this to supply a pipeline of skilled workforce into cyber security.
The Borrowers shall not, at any time, permit Availability to be less than ten percent (10%) of the Combined Loan Cap.
The Term Loan Agreement, as amended on April 7, 2017, requires the Company to maintain Excess Availability (as defined in the related Credit Facility agreement) equal to the greater of 10% of the Combined Loan Cap (as defined in the related Credit Facility agreement) or $10,000,000.
Permit Revolving Availability at any time to be less than ten percent (10%) of the Adjusted Combined Loan Cap.
More Definitions of Combined Loan Cap
Combined Loan Cap means, at any time, the lesser of (a) the Aggregate Borrowing Base (without giving effect to the FILO Term Loan Push Down Reserve), and (b) the sum of (i) the Aggregate Revolving Loan Commitments plus (ii) the then outstanding principal amount of the FILO Term Loans.
Combined Loan Cap means, at any time, an amount equal to the sum of the Outstanding Amount plus the Revolving Loan Cap.
Combined Loan Cap means, as of any date of determination, the sum of (a) the Loan Cap plus (b) the Term Loan Cap (as defined in the Term Loan Credit Agreement).
Combined Loan Cap means, as at the date of determination, the sum of the “Commitments” (as defined in the Revolving Credit Agreement) plus the Commitment.
Combined Loan Cap means, at any time of determination, an amount equal to the sum of (a) the Modified Revolving Loan Cap, plus (b) the lesser of (i) the FILO A Borrowing Base at such time and (ii) the Aggregate FILO A Exposure at such time, plus(c) the lesser of (i) the FILO B Borrowing Base at such time and (ii) the Aggregate FILO B Exposure at such time.
Combined Loan Cap means, at any time, (i) prior to the repayment in full of the Term Loan Facility, the lesser of (A) the Maximum Credit, plus the then outstanding principal amount of the term loans and commitments under the ABL FILO Term Facility, plus the then outstanding principal amount of the term loans and commitments under the ABL IP Term Facility, plus the then outstanding principal amount of the loans and commitments under the Term Loan Facility or (B) the sum of the Borrowing Base (without giving effect to the ABL FILO Push Down Reserve, the ABL IP Push Down Reserve or the Term Loan Push Down Reserve), plus the FILO Borrowing Base, plus the ABL IP Borrowing Base, plus the borrowing base under the Term Loan Facility and (ii) after the repayment in full of the Term Loan Facility, the lesser of (A) the Maximum Credit, plus the then outstanding principal amount of the term loans and commitments under the ABL FILO Term Facility, plus the then outstanding principal amount of the term loans and commitments under the ABL IP Term Facility or (B) the sum of the Borrowing Base (without giving effect to the ABL FILO Push Down Reserve or the ABL IP Push Down Reserve), plus the FILO Borrowing Base, plus the ABL IP Borrowing Base. The term “Loan Cap” means, at any time, the lesser of (i) the Borrowing Base at such time and (ii) the Maximum Credit at such time. The term “Excess Availability” as used herein means, at any time, (i) the Loan Cap at such time (plus, with respect to the ABL FILO Term Facility and the ABL IP Term Facility, at any time prior to the date that is ninety (90) days after the Closing Date and solely to the extent the ABL FILO Term Facility and/or the ABL IP Term Facility, as applicable, is not funded, the sum of (A) the lesser of (x) the FILO Borrowing Base and (y) the undrawn commitments under the ABL FILO Term Facility and (B) the lesser of (x) the ABL IP Borrowing Base and (y) the undrawn commitments under the ABL IP Term Facility), minus (ii) the Revolving Loans and Letters of Credit then outstanding. At all times Excess Availability is tested the Borrowers shall certify to the Agent that all expenses, including rent, trade payables and amounts due under the Transition Services Agreement have been paid in the ordinary course of business, in all material respects. Through the later of the date that is (x) the six (6) month anniversary of the Closing Date and (y) sixty (60) days following the date that the Borrowers shall have acquired 80% of all retail st...
Combined Loan Cap means, at any time, the lesser of (a) the sum of (i) the Revolving Loan Cap at such time, plus (ii) the outstanding principal amount of the Tranche A Term Loans at such time, plus (iii) the outstanding principal amount of the Tranche A-1 Term Loans at such time, or (b) the sum of (i) the Revolving Credit Borrowing Base (without giving effect to the Tranche A Pushdown Reserve or the Tranche A-1 Pushdown Reserve) at such time, plus (ii) the Tranche A Borrowing Base at such time, plus (iii) the Tranche A-1 Borrowing Base at such time.