`Net New Borrowings' definition
`Net New Borrowings' means an amount equal to (i) the aggregate amount of Revolving Loans borrowed after the Amendment No. 9 Effective Date (excluding Revolving Loans to the extent used to reimburse draws under Letters of Credit) less (ii) the aggregate amounts used to repay Revolving Loans or reimburse Letter of Credit draws (excluding reimbursements to the extent made with proceeds of Revolving Loans) after the Amendment No. 9