FILO Borrowing definition

FILO Borrowing means a Borrowing comprised of FILO Loans.
FILO Borrowing means a Borrowing comprised of FILO Loans under any FILO Subfacility.
FILO Borrowing means a borrowing consisting of the FILO Loans made on the Eighth Amendment Effective Date by a FILO Lender pursuant to Section 2.01(a)(ii).

Examples of FILO Borrowing in a sentence

  • Additionally, there shall be no limitation on the number or frequency of Inventory appraisals if an Event of Default has occurred and is continuing, and the Loan Parties shall be responsible for the costs and expenses of any such appraisals conducted (x) while an Event of Default has occurred and is continuing or (y) at the request of a Loan Party in connection with the addition of a new Loan Party or new Revolving Borrowing Base or FILO Borrowing Base assets hereto.

  • In the event the FILO Agent conducts any such Acceptable Inventory Appraisals pursuant to the terms hereof, the Administrative Agent and the Borrowers shall promptly (but in any event within two (2) Business Days of receipt of the results of such appraisal from the FILO Agent) implement the Net Orderly Liquidation Value set forth in such appraisal to the calculation of the Revolving Borrowing Base and the FILO Borrowing Base.

  • Aggregate Borrowing Base, FILO Borrowing Base and Revolving Borrowing Base calculations shall be made in a manner satisfactory to Agent in its Permitted Discretion (and not necessarily in accordance with GAAP).

  • FILO Borrowing Base and Revolver Borrowing Base calculations shall be consistent with historical methods of valuation and calculation, and otherwise satisfactory to Agent (and not necessarily calculated in accordance with GAAP).

  • All references in the Loan Documents to Loans, Letters of Credit, Obligations, FILO Borrowing Base components, Revolver Borrowing Base components and other amounts shall be denominated in Dollars, unless expressly provided otherwise.

  • Borrowers shall report Value and other FILO Borrowing Base and Revolver Borrowing Base components to Agent in the currency invoiced by Borrowers or shown in Borrowers’ financial records, and unless expressly provided otherwise, shall deliver financial statements and calculate financial covenants in Dollars.

  • The Administrative Agent may, in its Permitted Discretion, adjust Reserves used in computing the FILO Borrowing Base, with any such changes to be effective three Business Days after delivery of notice thereof to the Borrower Representative and the Lenders.

  • All references in the Credit Documents to Loans, Letters of Credit, Obligations, Aggregate Borrowing Base, FILO Borrowing Base and Revolving Borrowing Base components and other amounts shall be denominated in Dollars, unless expressly provided otherwise.

  • In no event shall compliance with this Section 6.11 waive or be deemed a waiver or Consent to any transaction giving rise to the need to comply with this Section 6.11 if such transaction was not otherwise expressly permitted by this Agreement or constitute or be deemed to constitute, with respect to any Subsidiary, an approval of such Person as a Borrower or Guarantor hereunder or permit the inclusion of any acquired assets in the computation of the Borrowing Base and/or the FILO Borrowing Base.

  • The FILO Borrowing Base at any time shall be determined by reference to the most recent FILO Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 5.01(f) of this Agreement.


More Definitions of FILO Borrowing

FILO Borrowing means a borrowing consisting of FILO Loans of the same Class and Type and, in the case of LIBO Rate Loans, having the same Interest Period made by each of the applicable Lenders pursuant to this Agreement.
FILO Borrowing means a borrowing consisting of simultaneous FILO Loans of the same Type and, in the case of LIBO Rate Loans, having the same Interest Period made by each of the FILO Lenders pursuant to Section 2.01(d). “FILO Borrowing Base” means, at any time of calculation, an amount equal to: (a) two and one-half percent (2.50%) of the Net Recovery Percentage of Eligible Inventory multiplied by the Cost of such Eligible Inventory, plus (b) ten percent (10%) of the Appraised Value of Eligible Real Estate as such Appraised Value is identified in the most recent Acceptable Appraisal of Real Estate at such time, provided, that, such percentage shall decrease to nine and one-half percent (9.5%) on the first day of the first Fiscal Quarter of the 2021 Fiscal Year of Lead Borrower and by an additional one-half percent (0.50%) on the first day of each Fiscal Quarter thereafter and ending on April 30, 2023. “FILO Commitment” means, as to each FILO Lender, its obligation to make its Applicable FILO Percentage of the FILO Loans to the Borrowers pursuant to Section 2.01(d) on the Amendment No. 1 Effective Date in an aggregate principal amount equal to the amount set forth under the column heading “FILO Commitment” opposite such FILO Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which such FILO Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. As of the Amendment No. 1 Effective Date, the aggregate amount of the FILO Commitments is $15,000,000. “FILO Lender” means each Lender having a FILO Commitment or, upon termination of the FILO Commitments, each Lender holding any FILO Loan from time to time. “FILO Loan” has the meaning specified in Section 2.01(d). - 29- 6245414.1

Related to FILO Borrowing

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Lenders pursuant to Section 2.01(b).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term A Lenders pursuant to Section 2.01(a).

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans of the same Class.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • Term SOFR Borrowing means a Borrowing comprised of Term SOFR Loans.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Committed Borrowing means a borrowing consisting of simultaneous Committed Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Letter of Credit Borrowing means any Credit Extension resulting from a drawing under any Letter of Credit that has not been reimbursed or refinanced as a Borrowing of Revolving Loans.

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • Swingline Borrowing means a borrowing of a Swingline Loan pursuant to Section 2.04.