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 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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Examples of Term Borrowing Base in a sentence

  • By the Reporting Trigger Date, Borrowers shall deliver to Agent (and Agent shall promptly deliver same to Lenders) a Term Borrowing Base Certificate prepared as of the close of business of the previous week or month, as applicable, and at such other times as Agent may reasonably request in its Permitted Discretion.

  • Subject to the terms of this Section 3.9, the ABL Agent shall impose and maintain the Term Loan Reserve as an Availability Reserve (as defined in the ABL Loan Agreement) against the ABL Borrowing Base at all times when the aggregate outstanding principal balance of the Term Loans (as defined in the Term Loan Agreement) exceeds the Term Borrowing Base.


More Definitions of Term Borrowing Base

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:

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

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

  • Canadian Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication:

  • Foreign Borrowing Base means, as of any date, an amount 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.

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

  • Term B Borrowing means any Borrowing comprised of Term B Loans.

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

  • 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.

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

  • Total Borrowings means, in respect of the Corporation on a consolidated basis, as of a given date, the aggregate of the following, without duplication:

  • Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Incremental Term Loan Borrowing Date means, with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 1.01(c) and as otherwise permitted by Section 1.14.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • 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.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Term B Loans means the term loans made by the Lenders to the Borrower pursuant to Section 2.01(a) and any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrower pursuant to Section 2.01(c).

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).