Library Credit definition

Library Credit means the amount which represents the value of Completed but unsold Product and will initially be equal to the net present value of unsold rights prepared by an independent consultant selected by the Administrative Agent (subject to its due diligence review) and shall be redetermined no later than September 30, 2000 and thereafter on an annual basis by an independent consultant selected by the Administrative Agent in its reasonable discretion using a methodology consistent with the evaluation and without double-counting for any item of value otherwise included in the Borrowing Base and will be subject to periodic adjustments by the Borrower to reflect collections and/or decrease in market value indicated by subsequent sales.
Sample 1Sample 2
Library Credit means $22,662,262, as of July 1, 2002, which amount represents the value of Completed but unsold Product and which amount shall be (i) decreased as a result of (a) the sale of such Completed but unsold Product by the amount previously included in the value of Completed but unsold Product and (b) the reduction resulting from any adjustment in ultimates used in determining the value of Completed but unsold Product so that the ultimates are reflective of management's then current assessment of the value of such ultimates and so that such ultimates are consistent with ultimates used for financial reporting purposes and/or (ii) increased as a result of the acquisition or production of additional Completed but unsold Product by the respective actual acquisition or production cost, marketing and distribution costs and fees attributable to such item of Product based upon Borrower's ultimates relating to such item of Product; the value of the Completed but unsold Product may be redetermined once every twelve (12) months, at the request of the Administrative Agent, by an independent consultant selected by the Administrative Agent in its reasonable discretion to an amount equal to the net present value of unsold rights without double-counting for any item of value otherwise included in the Borrowing Base and will be subject to periodic downward adjustments by the Borrower to reflect a decrease in market value indicated by subsequent sales.
Sample 1
Library Credit means the lesser of (i) $35,000,000 and (ii) 26% of the aggregate Borrowing Base at the date of determination, representing the estimated value attributable to the unsold rights as set forth in that certain Library Valuation Schedule dated October 1995 in various markets and territories for the Borrower's Product, as such amount may be reduced from time to time by the value allocable to rights licensed, sold or otherwise exploited.
Sample 1

Examples of Library Credit in a sentence

  • In their submission, it followed that the instruments, being pastoral leases, conferred on the lessees exclusive possession of the land.

  • The goal of the Bexley Public Library Credit Card Policy is to improve the efficiency of purchases, while reducing transaction costs and maintaining integrity and control of the purchasing process.

  • Beginning in Winter 2021, for all Employees, except those in the Library, Credit- Hour Equivalencies (CHE) will be used for the purposes of calculating pay, teaching load, and promotion thresholds.

  • Itemization of the charges of the Library Credit Cards will be included in the Warrant List.

  • The formal requests that are being applied for tonight is the offsite drainage channel, the other three are dealing with specifically the Dobbs Road right-of-way request.

  • All usage rewards awarded on Library Credit Cards or Purchasing Cards are the sole property of the Library and may not be used personally by any employee.

  • Approval for Calumet City Library Credit Card with $5000.00 limit for the Library Director and Office Manager( Jasmine Jones and Melanie Johnson as signers).

  • House Bill 312Custody and Control Model • Authorized users that sign out the Library Credit Card are liable for any charges the user does not provide itemized receipts .

  • Payment of Purchases Made with Library Credit Cards The Board shall approve all Library credit card invoices.

  • The Bookkeeper/Deputy Treasurer is authorized to pay utilities, i.e. water/sewer, electric, natural gas, phone, clerical services, insurance and Library Credit Card Expenditures.


More Definitions of Library Credit

Library Credit shall initially mean an amount equal to Twenty-Six Million Dollars ($26,000,000), which amount shall be reduced from time to time (but not below $0) as follows:
Sample 1
Library Credit means 50% of the most recent library valuation delivered to the Agent by the Borrower pursuant to Section 4.1, Section 5.1(h) or Section 5.1(i) (it being -15- 24 understood that such valuation will be determined based on the net present value of all cash flows of the Borrower (with cash flows for sold rights to be determined based on the net receivables relating thereto and the cash flows for unsold rights to be based on an estimate of the anticipated net cash flows relating thereto)), subject to the Agent's approval as set forth herein; provided, however, that all rights under license agreements for which HEDC retains rights and obligations pursuant to the HEDC Purchase Agreement shall not be included in such valuation. The Library Credit will be adjusted immediately upon receipt of the valuation contemplated by Section 5.1(h); provided, however, that the Agent may object to the amount contained in such valuation and may then determine the Library Credit to be a lesser amount provided that the Agent shall have notified the Borrower in writing of such objection and the reasons therefor. In the event the valuation is not received within 30 days after it is due from the Borrower, the Agent may determine the Library Credit in its discretion. The Library Credit will be reduced immediately upon receipt of any valuation pursuant to Section 5.1(i) to the extent that such valuation indicates that a decrease is to be made but shall be increased only to the extent that the Agent shall have notified the Borrower in writing that the methodology used and the end result is reasonably satisfactory to it.
Sample 1
Library Credit as of any date, (a) if the most recent Library Valuation delivered to the Administrative Agent on or prior to such date pursuant to Section 6.2(h) or Section 6.12 was conducted by DW Animation, the lesser of (i) $100,000,000 and (ii) 25% of such Library Valuation, and (b) if the most recent Library Valuation delivered to the Administrative Agent on or prior to such date pursuant to Section 6.2(h) or Section 6.12 was conducted by an Approved Valuation Consultant, 25% of such Library Valuation; provided that the Library Credit as of any date shall be subject to adjustment as contemplated by Section 6.2(h).
Sample 1

Related to Library Credit

  • Primary Credit Facility mean the credit facility described in the Line of Credit section of this Agreement.

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • Letter of Credit Advance means an advance made by the Issuing Bank or any Revolving Credit Lender pursuant to Section 2.03(c).

  • CREFC® Loan Level Reserve/LOC Report The monthly report in the “CREFC® Loan Level Reserve/LOC Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Dollar Letter of Credit means a Letter of Credit denominated in Dollars.

  • Unissued Letter of Credit Commitment means, with respect to any Issuing Bank, the obligation of such Issuing Bank to issue Letters of Credit for the account of the Borrower or its specified Subsidiaries in an amount equal to the excess of (a) the amount of its Letter of Credit Commitment over (b) the aggregate Available Amount of all Letters of Credit issued by such Issuing Bank.

  • Company Credit Agreement means that certain Credit Agreement, dated as of March 8, 2019, among the Company, as borrower, the guarantors from time to time party thereto, the lenders and issuing banks from time to time party thereto and Bank of America, N.A., as administrative agent.

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Applicable Letter of Credit Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.”

  • Revolving Letter of Credit means a letter of credit issued by a Revolving Fronting Bank pursuant to Section 2.03(a) and shall also include each Existing Letter of Credit.

  • Letter of Credit Fee Rate means, at any time, the percentage rate per annum applicable to Letter of Credit Fees at such time as set forth in the Pricing Schedule.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • CREFC® Total Loan Report The report in the “Total Loan Report” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Agent maintained at the office of the Agent at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the "Family Golf Centers, Inc. Letter of Credit Account" that shall be used solely for the purposes set forth in Sections 2.02(b) and 2.10(a) and (c).

  • Unused Total Revolving Commitment means, at any time, the excess of (i) the Total Revolving Commitment at such time over (ii) the Aggregate Revolving Facility Exposure at such time.

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

  • Unused Letter of Credit Subfacility means an amount equal to the Letter of Credit Subfacility minus the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit plus, without duplication, (b) the aggregate Unpaid Drawings obligations with respect to a Letters of Credit.

  • Alternate Currency Letter of Credit means any Letter of Credit denominated in an Alternate Currency.

  • Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Letter of Credit means any letter of credit issued pursuant to this Agreement.

  • Letter of Credit Limit means $5,000,000.

  • Letter of Credit Termination Date means the later of (i) that date upon which the Letter of Credit shall expire or terminate pursuant to its terms, or (ii) that date to which the expiration or termination of the Letter of Credit may be extended, from time to time, either by extension or renewal of the existing Letter of Credit or the issuance of a Substitute Letter of Credit.