Term Loan Borrowing Base definition

Term Loan Borrowing Base means the “Borrowing Base” as defined in the Term Loan Agreement, as in effect on the date hereof.

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

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

Examples of Term Loan Borrowing Base in a sentence

• No ABL Borrowing Base or Term Loan Borrowing Base calculation shall include Collateral obtained in a Permitted Acquisition or otherwise outside the ordinary course of business until completion of applicable appraisals and field examinations (which shall not be included in the limits provided above) satisfactory to each Agent.

• In the event that the outstanding balance of the Term Loan exceeds the Term Loan Borrowing Base (as defined in the related Term Loan Agreement) then a reserve will be imposed against availability under the Credit Facility.

• If for any reason (other than on account of Protective Advances) the Term Loan Facility at any time exceeds the sum of (x) the Term Loan Borrowing Base, (y) ABL Suppressed Availability, and (z) the Term Pushdown Reserve maintained against the ABL Borrowing Base as and when required pursuant to the terms of the Loan Documents, the Borrower shall immediately prepay the Term Loan in an aggregate amount equal to such excess.

• The Administrative Agent shall have received a Term Loan Borrowing Base Certificate dated the Effective Date, relating to the week ended on Saturday, January 9, 2021, and executed by a Responsible Officer of the Borrower.

• The Administrative Agent shall have received a Borrowing Base Certificate (calculating the ABL Borrowing Base and the Term Loan Borrowing Base), dated the Effective Date, relating to the week ended on Saturday, August 26, 2023, and executed by a Responsible Officer of the Borrower.

More Definitions of Term Loan Borrowing Base

Term Loan Borrowing Base means, on any date of determination, an amount equal to the product of (i) the applicable Term Loan Advance Rate in effect as of such date, multiplied by (ii) the Term Loan Forecasted Net Collections in respect of all Term Loan Financed Eligible Portfolios on such date. For the avoidance of doubt, no Revolving Loan Forecasted Net Collections nor any Delayed Draw Term Loan Forecasted Net Collections shall be, or be deemed to be, Term Loan Forecasted Net Collections or be included in the determination of the Term Loan Borrowing Base.

Term Loan Borrowing Base means, at any particular time, the sum of:

Term Loan Borrowing Base means the “Term Loan Borrowing Base” as defined in the Subordinated Debt Agreement, as in effect on the date hereof.

Term Loan Borrowing Base means the “AUS Term Loan Borrowing Base” and the “US Term Loan Borrowing Base” (as defined in the Term Loan Agreement).

Term Loan Borrowing Base means, with respect to any date of determination during the Term Loan Extension Period, a percentage of the Borrowing Base as of such date of determination equal to the percentage specified in Item 14 of Schedule 1.

Term Loan Borrowing Base means the "Borrowing Base" as defined in the Term Loan Credit Agreement (as in effect on December 19, 2016)."

Term Loan Borrowing Base and its related definition in Section 1.1 of the Existing Credit Agreement are hereby deleted in their entirety.