Amended and Restated Defined Terms. The following definitions set forth in paragraph 10B of the Current Note Purchase Agreement are hereby amended and restated in their entirety to read as follows:
Amended and Restated Defined Terms. Article 1 of the Credit Agreement is hereby further amended by amending and restating in its entirety each of the following defined terms:
Amended and Restated Defined Terms. When used herein and in the Loan Agreement, the following terms shall have the following amended and restated meaning:
Amended and Restated Defined Terms. The defined terms in the recitals of this First Amendment Agreement are hereby incorporated into Section 1.1 of the Existing LSA in such a manner as to maintain the alphabetical ordering thereof. The following existing defined terms in the Existing LSA are hereby amended and restated in their entirety and the new terms set forth below are hereby added to Section 1.1 of the Existing LSA: Aggregate Construction Project Borrowing Base -- means, on any date, the result of (a) the Maximum Outstanding Loan Limit, minus (b) the sum of (i) the aggregate outstanding principal balance of all Inventory Advances as of such date and (ii) the aggregate outstanding principal balance of all Interest Advances as of such date.
Amended and Restated Defined Terms. The definitions set forth below are amended and restated in their entirety and incorporated into the Agreement by this reference.
Amended and Restated Defined Terms. The following terms defined in the Restated Subordination Agreement are each hereby amended and restated in their respective entirety:
Amended and Restated Defined Terms. When used herein and in the Loan Agreement, the following terms shall have the following amended and restated meaning: Borrowing Base means an amount equal to the sum of (a) 85% of the unpaid amount (net of such reserves (including, but not limited to, dilution reserves for bad debt write-downs, discounts, advertising allowances, credits, or other dilutive items with respect to Borrower’s Accounts which dilution reserve shall be 3% of the Eligible Accounts which reserve is subject to change based on the results of future field examinations/audits) and allowances as Lender deems necessary in its reasonable discretion) of all Eligible Accounts plus (b) 50% of the value of all Eligible Inventory valued at the lower of cost or market (net of such reserves and allowances as Lender deems necessary in its reasonable discretion).
Amended and Restated Defined Terms. The following terms and corresponding definitions set forth in Section 1 of the Consignment Agreement are hereby amended and restated in their entirety to read as follows:
Amended and Restated Defined Terms. Section 1.1 of the Credit Agreement shall be amended by amending and restating the defined terms “Commitment Fee Rate”, “Commitment Reduction Amount” and “Commitment Reduction Date” in their entirety as follows:
Amended and Restated Defined Terms. The definitions of the terms “Available Inventory”, “Borrowing Base”, “Borrowing Base Amendment”, “GM Receivables”, “Fixed Asset Component” and “Prepayment Date” set forth in Section 1.01 of the Credit Agreement are hereby amended in their entirety to read as follows:
