Borrower Collateral Limit definition
Borrower Collateral Limit means an amount equal to $750,000,000.
Borrower Collateral Limit means, as of any date of determination, an amount equal to the sum of (a) 50% of the Aggregate Revolving Commitments at such time (calculated in Dollars), plus (b) 50% of the aggregate principal amount of each Class of Term Loans outstanding at such time (calculated for each Class of Term Loans in the currency in which the applicable Class of Term Loans is denominated).
Borrower Collateral Limit means an amount equal to (a) $400,000,000 until such time that either the 7.00% Senior Notes Due 2021 have been redeemed in full or the covenants in the Senior Notes Indenture applicable thereto are no longer in effect and (b) at all times thereafter, $750,000,000.
Examples of Borrower Collateral Limit in a sentence
The Borrower Collateral Limit shall not limit the amount of Secured Obligations guaranteed by the Guarantors under the Multiparty Guaranty, nor the amount of Secured Obligations secured by the Guarantors’ Collateral.
The Grantors and the Administrative Agent, on behalf of the Secured Parties, hereby further acknowledge and agree that solely with respect to the Borrower’s grant of a security interest in its Collateral pursuant to this Agreement and the other Collateral Documents, and for no other purpose, the amount of Secured Obligations (but not Obligations) of the Borrower shall be limited to an amount equal to the Borrower Collateral Limit.
More Definitions of Borrower Collateral Limit
Borrower Collateral Limit means an amount equal to $750,000,000.the sum of (a) $750,000,000 plus (b) an amount equal to 50% of the aggregate amount of the Term B Commitments in effect on the Second Amendment Effective Date plus (c) an amount equal to 50% of the aggregate principal amount of each increase in the Aggregate Commitments made pursuant to Section 2.13, including without limitation any such increase in connection with the Second Amendment that becomes effective after the Second Amendment Effective Date.
Borrower Collateral Limit means, as of any date of determination, an amount equal to the sum of (a) [$750,000,000 plus (b) an amount equal to ]50% of the [aggregate amount of the Term B Commitments in effect on the Second Amendment Effective Date plus (c) an amount equal to]Aggregate Revolving Commitments at such time (calculated in Dollars), plus (b) 50% of the aggregate principal amount of each [increase in the Aggregate Commitments made pursuant to Section 2.13, including without limitation any such increase in connection with the Second Amendment that becomes effective after the Second Amendment Effective Date]Class of Term Loans outstanding at such time (calculated for each Class of Term Loans in the currency in which the applicable Class of Term Loans is denominated).