Indenture Borrowing Base means an amount equal to the greater of (a) $450,000,000 plus (in the case of any Refinancing (as such term is defined in the Indenture)) the aggregate amount of fees, underwriting discounts, premiums, prepayment penalties and other costs and expenses Incurred (as such term is defined in the Indenture) in connection with the Refinancing, less the aggregate principal amount of Indebtedness (as such term is defined in the Indenture) Incurred under Section 4.03(b)(15) of the Indenture then outstanding and (b) an amount equal to the lesser of (i) the Initial Indenture Borrowing Base as at the end of the most recently ended fiscal quarter and (ii) the most recently calculated Initial Indenture Borrowing Base required to be delivered to Agent pursuant to Section 5.2.
Indenture Borrowing Base means an amount equal to the greater of (a) $300,000,000 and (b) an amount equal to the lesser of (i) the Initial Indenture Borrowing Base as at the end of the most recently ended fiscal quarter and (ii) the most recently calculated Initial Indenture Borrowing Base required to be delivered to Agent pursuant to Section 5.2.
Indenture Borrowing Base means, on any day, the outstanding principal amount of Indebtedness permitted under Section 4.09(b)(i) of the Indenture on such day.
Examples of Indenture Borrowing Base in a sentence
The delivery of the Borrowing Base Certificate and the calculation of the Indenture Borrowing Base delivered pursuant to this Section 5.15 shall constitute a representation and warranty by the Lead Borrower that the statements and information contained therein are true and correct in all material respects on and as of such date.
As used herein, the term "Indenture Borrowing Base" means, at any time, the lesser of (a) the maximum principal amount of Loans permitted to be outstanding at such time under the Senior Deferred Coupon Note Indenture and (b) the the maximum principal amount of Loans permitted to be outstanding at such time under the Senior Note Indenture, and the Loan Agreement is hereby amended to include such term as so defined.
More Definitions of Indenture Borrowing Base
Indenture Borrowing Base means the “Borrowing Base” as defined in the Senior Notes Debt Documents.
Indenture Borrowing Base means, on any date of determination, the lesser of (a) the “Borrowing Base”, as defined in and calculated pursuant to the terms of the Senior Secured Notes Indenture and (b) the “Borrowing Base”, as defined in and calculated pursuant to the terms of the Senior Subordinated Notes Indenture.
Indenture Borrowing Base means an amount equal to the greater of (a) $450,000,000 and (b) an amount equal to the lesser of (i) the Initial Indenture Borrowing Base as at the end of the most recently ended fiscal quarter and (ii) the most recently calculated Initial Indenture Borrowing Base required to be delivered to Agent pursuant to Section 5.2.
Indenture Borrowing Base the “Borrowing Base” as defined in the Senior Secured Notes Indenture. Indenture Cap: 90% of the greater of (i) $375,000,000 and (ii) the Indenture Borrowing Base then in effect.
Indenture Borrowing Base means, as at any time, with respect to the Borrower or any of its Subsidiaries, as the case may be, an amount equal to the borrowing base applicable to such Person, under any indenture entered into by Tembec Industries Inc. for the issuance of notes or debentures (including without limitation, those dated March 13, 2002, January 19, 2001 and April 6, 1999, each as supplemented, amended, modified or replaced from time to time), it being understood that should such borrowing base vary from one indenture to the other, the “Indenture Borrowing Base” shall mean the amount equal to the borrowing base applicable to such Person, under said indenture, which is the lowest of all such amounts of borrowing base calculated under all such indentures;
Indenture Borrowing Base the “Borrowing Base” as defined in the Permitted Note Facility. Insolvency Proceeding: any case or proceeding commenced by or against a Person under any state, federal or foreign law for, or any agreement of such Person to, (a) the entry of an order for relief under the Bankruptcy Code, or any other insolvency, debtor relief or debt adjustment law; (b) the appointment of a receiver, trustee, liquidator, administrator, conservator or other custodian for such Person or any part of its Property; or (c) an assignment or trust mortgage for the benefit of creditors.
Indenture Borrowing Base means the difference between (i) the greater of (A) $15.0 million and (B) the sum of 85% of the book value of the Accounts Receivable and 60% of the book value of Inventory of the Parent and its Restricted Subsidiaries (other than any Foreign Subsidiary) (as each such term is defined in the Indenture), calculated on a consolidated basis in accordance with GAAP and (ii) $9.0 million, provided, that, at any time following the German Holdings Revocation (as defined in the Indenture), the $9.0 million amount set forth in clause (ii) may be reduced a single time by up to $2.0 million at the option of the Borrower by delivering to the Agents a written notice of such election.