Eligible Brand Assets definition
Eligible Brand Assets means all Brand Assets of a Borrowing Base Loan Party reflected in the most recently delivered Borrowing Base Certificate, except Brand Assets with respect to which any of the exclusionary criteria set forth below applies (except in the case of an applicable Approved Asset). No Brand Asset shall be an Eligible Brand Asset if (except in the case of an applicable Approved Asset):
Eligible Brand Assets. “Eligible Consumer Receivables Assets”, “Asset Value”, “Qualified Cash” and “Excess Concentration Reduction”) without the consent of Lenders having Total Credit Exposures representing more than 66 2/3% of the Total Credit Exposures of all Lenders (disregarding the Total Credit Exposure of any Defaulting Lender);