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
The Administrative Agent shall have received (i) a Term Loan Borrowing Base Certificate which calculates the Term Loan Borrowing Base as of a recent date determined by the Administrative Agent and (ii) a copy of the ABL Borrowing Base Certificate delivered to the ABL Lender on the Effective Date, each of which shall be in form and substance reasonably satisfactory to the Administrative Agent.
More Definitions of Term Loan Borrowing Base
Term Loan Borrowing Base means, at any time, the sum of
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 time of calculation, an amount equal to (a) the product of (i) thirty (30%) percent multiplied by (ii) the Appraised Value of the Registered Trade Names, minus (b) Term Loan Reserves established by the Term Lender from time to time.
Term Loan Borrowing Base means 60% of the fair market appraised value of equipment (other than equipment which is subject to a purchase money security interest in favor of a third party creditor) (i) owned by the Borrower prior to the Acquisition, and (ii) to be purchased by the Borrower via the Acquisition.
Term Loan Borrowing Base and its related definition in Section 1.1 of the Existing Credit Agreement are hereby deleted in their entirety.
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 means the “AUS Term Loan Borrowing Base” and the “US Term Loan Borrowing Base” (as defined in the Term Loan Agreement).