Term Borrowing Base definition
Term Borrowing Base means the “Borrowing Base” as defined in the Term Loan Agreement.
Term Borrowing Base means, as of any date of determination thereof, the “Borrowing Base” as defined in the Term Loan Agreement.
Term Borrowing Base means, at any time of calculation, an amount equal to:
Examples of Term Borrowing Base in a sentence
Except to the extent permitted pursuant to the definition of “Permitted Dispositions”, no Borrower Intellectual Property or Material Intellectual Property or any asset included in the determination of the Borrowing Base or the Term Borrowing Base shall be the subject of any intercompany transfer or other Disposition to a non-Loan Party without the prior written consent of the Administrative Agent.
More Definitions of Term Borrowing Base
Term Borrowing Base means, as at any date of determination, an aggregate amount equal to:
Term Borrowing Base means as at any date of determination, an amount equal to 50.0% of the Eligible Library Value, plus 80%, subject to the Collateral Agent’s reasonable discretion to reduce such percentage to not less than 50%, of accrued Receivables from and due in more than 120 days from the date of determination and not otherwise included in Eligible Library Value.
Term Borrowing Base means, as of any date of determination by Agent, an amount equal to the sum at such time of:
Term Borrowing Base means, as of any date of determination, the result of without duplication:
Term Borrowing Base means the “Borrowing Base” as such term is defined in the Term Loan Agreement. “Term Borrowing Base Certificate” means the “Borrowing Base Certificate” as such term is defined in the Term Loan Agreement. “Term ▇▇▇▇▇ Reference Rate” means the forward-looking term rate based on ▇▇▇▇▇, as administered by the Term ▇▇▇▇▇ Reference Rate Administrator. “Term ▇▇▇▇▇ Reference Rate Administrator” means CanDeal Benchmark Administration Services Inc. or TSX Inc. (or any successor administrator of the Term ▇▇▇▇▇ Reference Rate selected by the Administrative Agent in its reasonable discretion). “Term Documents” means the “Loan Documents” as such term is defined in the Term Loan Agreement.
Term Borrowing Base means as to the Term Loans, the following amount calculated as the lesser of (i) 75% of Fixed Asset Value and (ii) $3,000,000.
Term Borrowing Base has the meaning ascribed to such term in the ABL Credit Agreement.