Term Borrowing Base definition

Term Borrowing Base means, as of any date of determination thereof, the “Borrowing Base” as defined in the Term Loan Agreement.
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Term Borrowing Base means, at any time of calculation, an amount equal to:
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Term Borrowing Base means the “Borrowing Base” as such term is defined in the Term Loan Agreement. “Term Borrowing Base Certificate” means the “Borrowing Base Certificate” as such term is defined in the Term Loan Agreement. “Term XXXXX Reference Rate” means the forward-looking term rate based on XXXXX, as administered by the Term XXXXX Reference Rate Administrator. “Term XXXXX Reference Rate Administrator” means CanDeal Benchmark Administration Services Inc. or TSX Inc. (or any successor administrator of the Term XXXXX Reference Rate selected by the Administrative Agent in its reasonable discretion). “Term Documents” means the “Loan Documents” as such term is defined in the Term Loan Agreement.
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Examples of Term Borrowing Base in a sentence

  • The Loan Parties shall take such steps required to enable the Administrative Agent to maintain the Term Pushdown Reserve at any time that the Total Term Loan Outstandings exceeds the Term Borrowing Base.


More Definitions of Term Borrowing Base

Term Borrowing Base means as at any date of determination, an amount equal to 50.0% of the Eligible Library Value, plus 80%, subject to the Collateral Agent’s reasonable discretion to reduce such percentage to not less than 50%, of accrued Receivables from and due in more than 120 days from the date of determination and not otherwise included in Eligible Library Value.
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Term Borrowing Base has the meaning ascribed to such term in the ABL Credit Agreement.
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Term Borrowing Base means, as of any date of determination, the result of without duplication:
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Term Borrowing Base means as to the Term Loans, the following amount calculated as the lesser of (i) 75% of Fixed Asset Value and (ii) $3,000,000.
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Term Borrowing Base means, as of any date of determination by Agent, an amount equal to the sum at such time of:
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Term Borrowing Base means, as at any date of determination, an aggregate amount equal to:
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Related to Term Borrowing Base

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Term Borrowing means a borrowing consisting of Term Loans of the same Type and the same Class and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders of the applicable Class under this Agreement.

  • Borrowing Base means, at any time of calculation, an amount equal to:

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.