FILO Borrowing Base definition

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

FILO Borrowing Base means, the sum of, without duplication:

FILO Borrowing Base has the meaning set forth in Section 2.01(b).

Examples of FILO Borrowing Base in a sentence

• Borrowing Base: on any date of determination, an amount equal to the lesser of (a) the aggregate amount of Revolver Commitments, minus the L/C Reserve; or (b) sum of the Accounts Formula Amount, plus the Inventory Formula Amount, plus the FILO Borrowing Base, minus the Availability Reserve.

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• The Lead Borrower and each wholly-owned domestic subsidiary of the Lead Borrower that owns assets included in the Borrowing Base and the FILO Borrowing Base (each as defined below) will be co-borrowers under the Facilities (the “Borrower Parties”).

• Upon the request of the Agent after reasonable prior notice, permit the Agent or professionals (including appraisers) retained by the Agent to conduct appraisals of the Collateral, including, without limitation, the Inventory and trade names included in the included in the Borrowing Base and the FILO Borrowing Base.

• If at any time the FILO Advances exceed the FILO Borrowing Base at such time, the FILO Reserve shall be established under the Formula Amount in an aggregate amount equal to such excess.

More Definitions of FILO Borrowing Base

FILO Borrowing Base means, at any time, an amount equal to (a) the Trade Receivables Component plus (b) the Inventory Component plus (c) the Credit Card Receivables Component minus (d) the amount of all Reserves (other than any FILO Reserves) as may have been established in accordance with Section 2.25 at such time. The FILO Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 5.01(q) and Reserves established pursuant to Section 2.25.

FILO Borrowing Base on any date of determination, an amount equal to the sum of (a) the Applicable FILO Account Advance Percentage of the Value of Eligible Accounts, plus (b) the Applicable FILO Inventory Advance Percentage of the Value of Eligible Inventory (excluding Specified Inventory), provided, that the Agent shall have the right, in its Permitted Discretion, to reduce such percentages at any time upon three (3) Business Days prior notice to the Borrower Agent, and provided further that (i) Eligible In-Transit Inventory shall in no event contribute more than $1,000,000 (after giving effect to the percentage set forth in clause (b) above) to the FILO Borrowing Base at any time and (ii) Eligible Accounts owing to and Eligible Inventory held by the UK Guarantors shall not contribute more than an aggregate of $500,000 (after giving effect to the percentages set forth in clauses (a) and (b) above, respectively) to the FILO Borrowing Base at any time. If any amount in this definition is stated in a currency other than Dollars on any date, then such amount on such date shall be equal to the Dollar Equivalent of such amount in such other currency. FILO Commitment: for any Lender, its obligation to make FILO Loans up to a maximum principal amount equal to its Applicable FILO Percentage (as shown on Schedule 1.1(a), as hereafter modified pursuant to an Assignment and Acceptance to which it is a party, or pursuant to Section 2.1.4) of the Aggregate FILO Commitment Amount at such time. FILO Commitments: the aggregate FILO Commitments of all Lenders which, during any applicable period, shall equal the Aggregate FILO Commitment Amount for such period. FILO Exposure: at any time, the outstanding principal amount of FILO Loans at such time.

FILO Borrowing Base means the aggregate of the FILO CGI Borrowing Base and the FILO Swiss Borrowing Base (the FILO Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Administrative Agent pursuant to Section 10.1(i), as adjusted to give effect to Borrowing Base Reserves (in accordance with and subject to the limitations of Section 2.19) following such delivery);

FILO Borrowing Base means, as of the date of determination thereof, an amount equal to:

FILO Borrowing Base means, at any time of calculation with respect to the FILO Credit Facility, an amount equal to:

FILO Borrowing Base without the written Consent of each FILO Lender, in each case without limitation of clause (j) below;

FILO Borrowing Base as defined in Section 2.10(c).