Term Borrowing Base definition

Term Borrowing Base means the “Term Loan Borrowing Base” as such term is defined in the Term Credit Agreement.
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Term Borrowing Base means, at any time of calculation, an amount equal to:
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Term Borrowing Base means, as of any date of determination, the result of without duplication:
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Examples of Term Borrowing Base in a sentence

  • By the Reporting Due Date, Borrowers shall deliver to Agent (and Agent shall promptly deliver same to Lenders) a Term Borrowing Base Certificate prepared as of the close of business of the previous week or month, as applicable, and at such other times as Agent may request.

  • Subject to the terms of this Section 3.9, the ABL Agent shall impose and maintain the Term Loan Reserve as an Availability Reserve (as defined in the ABL Loan Agreement) against the ABL Borrowing Base at all times when the aggregate outstanding principal balance of the Term Loans (as defined in the Term Loan Agreement) exceeds the Term Borrowing Base.

  • Availability for each Borrower will be limited to its separate Term Borrowing Base.

  • The Borrower shall be obligated to make a principal repayment of the Total Intermediate Term Loan on each Business Day in an amount equal to the Intermediate Term Borrowing Base Deficit on such Business Day, together with accrued interest on such principal amount repaid through the date of payment.

  • Commencing with the first full Fiscal Quarter after the Closing Date, the Borrower shall not permit the aggregate outstanding amount of the Term Loans to exceed the applicable Term Borrowing Base as of the end of each Fiscal Quarter.

  • Anything contained in this Agreement to the contrary notwithstanding, in no event shall the aggregate amount of Term Loans made on the Closing Date exceed the Term Borrowing Base in effect on the Closing Date.

  • By the Reporting Trigger Date, Borrowers shall deliver to Agent (and Agent shall promptly deliver same to Lenders) a Term Borrowing Base Certificate prepared as of the close of business of the previous week or month, as applicable, and at such other times as Agent may reasonably request in its Permitted Discretion.

  • Term Borrowing Base Certificate: a certificate, in form and substance satisfactory to Agent, by which Borrowers certify the US Borrowing Base and the UK Borrowing Base.

  • If at any time the sum of the aggregate principal amount of outstanding Term Loans shall exceed the lesser of (A) the aggregate Term Committed Amount, (B) the Term Borrowing Base, in each case, then in effect, the Borrower immediately shall prepay the Term Loans in an amount sufficient to eliminate such excess.

  • The Administrative Agent shall have received (i) a Borrowing Base Certificate, and (ii) a Term Borrowing Base Certificate, each dated as of the Fifth Amendment Effective Date, relating to the week ended on August 26, 2023 and in form and substance satisfactory to the Administrative Agent.


More Definitions of Term Borrowing Base

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.
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Term Borrowing Base means, as at any date of determination, an aggregate amount equal to:
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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.
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Term Borrowing Base means, as of any date of determination by Agent, an amount equal to the sum at such time of:
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Term Borrowing Base has the meaning ascribed to such term in the ABL Credit Agreement.
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Related to Term Borrowing Base

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • 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).

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

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

  • Borrowing Base means, at any time of calculation, an amount equal to:

  • Aggregate Borrowing Base means as of any date of determination, an amount equal to (i) the sum of the SMP Borrowing Base and the SI Borrowing Base; less (ii) any Reserves except to the extent already deducted therefrom.

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

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

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

  • 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).

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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

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

  • Total Borrowings means, in respect of the Corporation on a consolidated basis, as of a given date, the aggregate of the following, without duplication:

  • 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).

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Incremental Term Loan Borrowing Date means, with respect to each Incremental Term Loan, each date on which Incremental Term Loans are incurred pursuant to Section 2.01(b), which date shall be the date of the effectiveness of the respective Incremental Term Loan Commitment Agreement pursuant to which such Incremental Term Loans are to be made.

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

  • 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.

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

  • Term B Loans has the meaning specified in Section 2.01(a).