Term Loan Borrowing Base definition

Term Loan Borrowing Base means the “Borrowing Base” (as such term is defined in the Term Loan Credit Agreement).

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

Term Loan Borrowing Base means, as of any date of determination by Agent, from time to time, an amount equal to the sum at such time of:

Examples of Term Loan Borrowing Base in a sentence

The aggregate maximum principal amount of all Non-Distribution Term Loans shall not exceed the lesser of (1) $15,000,000 and (2) the Non-Distribution Term Loan Borrowing Base.
The Administrative Agent shall have received (i) a Term Loan Borrowing Base Certificate which calculates the Term Loan Borrowing Base as of a recent date determined by the Administrative Agent and (ii) a copy of the ABL Borrowing Base Certificate delivered to the ABL Lender on the Effective Date, each of which shall be in form and substance reasonably satisfactory to the Administrative Agent.
All determinations (including calculations of the Revolver Borrowing Base, Term Loan Borrowing Base and financial covenants) made from time to time under the Loan Documents shall be made in light of the circumstances existing at such time.
The Agent shall give to the Borrower written notice of any change in the Domestic Borrowing Base, Canadian Borrowing Base or Term Loan Borrowing Base, as the case may be determined by the Agent.
All of the proceeds of the Distribution Term Loans shall be applied to pay the CBII $50 Million Distribution and the Agent shall have received a Distribution Term Loan Borrowing Base Certificate and the Appraisal.

More Definitions of Term Loan Borrowing Base

Term Loan Borrowing Base means, on any date of determination, an amount equal to the product of (i) the applicable Term Loan Advance Rate in effect as of such date, multiplied by (ii) the Term Loan Forecasted Net Collections in respect of all Term Loan Financed Eligible Portfolios on such date. For the avoidance of doubt, no Revolving Loan Forecasted Net Collections nor any Delayed Draw Term Loan Forecasted Net Collections shall be, or be deemed to be, Term Loan Forecasted Net Collections or be included in the determination of the Term Loan Borrowing Base.

Term Loan Borrowing Base means 60% of the fair market appraised value of equipment (other than equipment which is subject to a purchase money security interest in favor of a third party creditor) (i) owned by the Borrower prior to the Acquisition, and (ii) to be purchased by the Borrower via the Acquisition.

Term Loan Borrowing Base means the "Borrowing Base" as defined in the Term Loan Credit Agreement (as in effect on December 19, 2016)."

Term Loan Borrowing Base means, at the relevant time of reference thereto, an amount determined by the Agent by reference to the most recent Term Loan Borrowing Base Certificate delivered to the Agent and the Lenders pursuant to subsection 7.1(i) which is equal to the lesser of:

Term Loan Borrowing Base and its related definition in Section 1.1 of the Existing Credit Agreement are hereby deleted in their entirety.

Term Loan Borrowing Base means, with respect to any date of determination during the Term Loan Extension Period, a percentage of the Borrowing Base as of such date of determination equal to the percentage specified in Item 14 of Schedule 1.

Term Loan Borrowing Base means the “Term Loan Borrowing Base” as defined in the Subordinated Debt Agreement, as in effect on the date hereof.