End User Industry definition
End User Industry means, for any Collateral Obligation, the Bloomberg Industry Classification System Level 2 industry classification proposed by the Borrower and agreed to by the Administrative Agent in connection with the Acquisition by the Borrower of such Collateral Obligation based on the primary industries of the end users or consumers of the products or services produced or provided by the related obligor (for example, if the related obligor is a company that provides software primarily to insurance industry end users, then the applicable Bloomberg Industry Classification System Level 2 industry classification for the relevant Collateral Obligation would be that of such insurance industry end users); provided that if the Administrative Agent does not agree with the Borrower’s proposed classification, then the Bloomberg Industry Classification System Level 2 industry classification shall be determined by the Administrative Agent in its sole and absolute discretion based on the primary industries of the end users or consumers of the products or services produced or provided by the related obligor.