Combined Loan Cap definition

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, 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.

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.

• The opening Excess Availability at closing after the application of proceeds of the initial funding under the Credit Facility and/or issuance of initial Letters of Credit under the Credit Facility and after payment of all fees and expenses of the Transactions payable on the Closing Date, shall be not less than the greater of (x) 25% of the Combined Loan Cap and (y) $150,000,000.

• Combined Loan Cap - the sum of the “Commitments” (as defined in the Revolving Credit Agreement) plus the Total Outstandings.

• Permit Availability, at any time, to be less than the greater of (x) $8,000,000 and (y) 10.0% of the Combined Loan Cap (calculated without giving effect to any Term Loan Push-Down Reserve).

• 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 of determination, the sum of (a) the Loan Cap and (b) the Total FILO Outstandings at such time.

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, 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, the sum of (a) the Modified Revolving Loan Cap and (b) the lesser of (i) the FILO Borrowing Base at such time and (ii) the Outstanding Amount of the FILO Term Loans at such time. “Comenity” means Comenity Bank or any of its Affiliates. “Commitments” means the Revolving Credit Commitments, the FILO Commitments, FILO Initial Commitment, a FILO Incremental Commitment, or any combination thereof (as the context requires). “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute. “Compliance Certificate” means a certificate substantially in the form of Exhibit L and which certificate shall in any event be a certificate of a Financial Officer (a) certifying as to whether a Default has occurred and is continuing and, if applicable, specifying the details thereof and any action taken or proposed to be taken with respect thereto, (b) solely to the extent that a Monthly Borrowing Base Reporting Period occurred at any time during the Fiscal Quarter most recently ended prior to the delivery of such Compliance Certificate, setting forth a reasonably detailed calculation of the Consolidated Fixed Charge Coverage Ratio for the most recently - 23 -

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 the sum of the Loan Cap plus the Outstanding Amount (as such term is defined in the Term Loan Agreement).

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.