Term Loan Borrowing Base Reserves definition

Term Loan Borrowing Base Reserves means, with respect to the Term Loan Borrowing Base, without duplication, (a) the Term Loan Real Estate Deficiency Reserve, (b) the Term Loan Realty Reserve, and (c) such other reserves established by 121 the Term Agent in its Permitted Discretion, from time to time against Borrowing Base Real Estate and Eligible Trade Names (i) to reflect existing or possible impediments to the Term Agent's ability to realize upon the Term Loan Priority Collateral, (ii) to reflect claims, liabilities, expenses and other amounts that the Term Agent reasonably determines may need to be satisfied or paid in connection with the enforcement of its Liens on the Borrowing Base Real Estate or Eligible Trade Names (including, without limitation, payments in respect of tax liabilities being contested as contemplated by Section 4.7(a)), or (iii) to reflect criteria, events, conditions, contingencies or risks which adversely affect the condition of the Borrowing Base Real Estate or Eligible Trade Names or the validity or enforceability of this Agreement or the other Loan Documents or any material remedies of the Term Agent hereunder or thereunder, in each case, whether or not such matters would constitute a Default or Event of Default hereunder. The amount of any Term Loan Borrowing Base Reserve established under clause (c) above shall bear a reasonable relationship to the matter which is the basis of such Term Loan Borrowing Base Reserve. Notwithstanding the foregoing or anything to the contrary contained herein, Term Loan Borrowing Base Reserves shall be without duplication of items that are addressed or excluded through eligibility criteria.
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Related to Term Loan Borrowing Base Reserves

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

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

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

  • 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 Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

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

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

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

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

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

  • Term Loan Advances are each defined in Section 2.1.1(a).

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

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(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.

  • 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.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Term Loan A has the meaning set forth in Section 2.2(a).

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

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Term Loan as defined in Section 2.1.