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.

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

Term Borrowing Base means the “Term Loan Borrowing Base” as such term is defined in the Term Credit Agreement.

Examples of Term Borrowing Base in a sentence

• 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.

• 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.

• The Borrower shall be obligated to make a principal repayment of the Total Intermediate Term Loan on each Business Day in an amount equal to the Intermediate Term Borrowing Base Deficit on such Business Day, together with accrued interest on such principal amount repaid through the date of payment.

• The request by the Borrower for, and the acceptance by the Borrower of, each extension of credit hereunder shall be deemed to be a representation and warranty by the Loan Parties that the conditions specified in this SECTION 4.02 have been satisfied at that time and that after giving effect to such extension of credit the Borrower shall continue to be in compliance with the Borrowing Base, the FILO Borrowing Base and the ABL Term Borrowing Base.

• Availability for each Borrower will be limited to its separate Term Borrowing Base.

More Definitions of Term Borrowing Base

Term Borrowing Base means, as of any date of determination by Agent, an amount equal to the sum at such time of:

Term Borrowing Base has the meaning ascribed to such term in the ABL Credit Agreement.

Term Borrowing Base means, as at any date of determination, an aggregate amount equal to:

Term Borrowing Base means, as of any date of determination, the result of without duplication:

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.

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.

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.