Kodak 2011 Annual Report Download - page 150

“ Borrowing ”
means a Canadian Revolving Borrowing, a US Revolving Borrowing and/or a Term Borrowing, as the context may
require.
“ Borrowing Base ” means the Canadian Borrowing Base and/or the US Borrowing Base, as the context may require.
“ Borrowing Base Certificate ” means a certificate in substantially the form of Exhibit G
hereto (with such changes therein as may be
required by the Agent to reflect the components of, and Reserves against, the Borrowing Base as provided for hereunder from time to time),
executed and certified as accurate and complete by a Responsible Officer of the Company, which shall include detailed calculations as to the
Borrowing Base as reasonably requested by the Agent.
“ Borrowing Base Deficiency ”
means, at any time and as to each Borrower, the failure of (a) the Borrowing Base of such Borrower at
such time to equal or exceed (b) the Canadian Revolving Credit Facility Usage or the US Revolving Credit Facility Usage, as the context may
require.
“ Business Day ”
means a day of the year on which banks are not required or authorized by law to close in New York City and, with
respect to Canadian Revolving Loans, Toronto, Ontario and, if the applicable Business Day relates to any Eurodollar Rate Loans, on which
dealings are carried on in the London interbank market.
“ Canadian Borrowing Base ”
means, at any time, as to the Canadian Loan Parties, the Dollar Equivalent of (a) the Canadian Loan Value
less (b) applicable Reserves at such time.
“ Canadian Collateral ” means all “Collateral”
of the Canadian Loan Parties referred to in the Canadian Security Agreement and the other
Collateral Documents relating to security under the Canadian Revolving Credit Facility, and all other property of the Canadian Loan Parties that is
or is intended to be subject to any Lien in favor of the Agent for the benefit of the Canadian Secured Parties pursuant to the terms of the Collateral
Documents.
“ Canadian Court ”
means the Ontario Superior Court of Justice (commercial list) or any other court having jurisdiction over an Approved
Canadian Case.
“ Canadian Dollars ” or “ Cdn $ ” means the lawful money of Canada.
“ Canadian Excess Availability ”
means, at any time, (1) the Canadian Line Cap minus (2) the Canadian Revolving Credit Facility Usage
at such time.
“ Canadian Guaranteed Obligations ” has the meaning specified in Section 6.05(a)(ii) .
“ Canadian Line Cap ”
means at any time, (x) the lesser of (i) the Canadian Borrowing Base and (ii) the Canadian Revolving Credit
Commitments minus (y) the Canadian Other Secured Obligations Amount.
“ Canadian Loan Party ” means Kodak Canada and each Canadian Subsidiary Guarantor.
“ Canadian Loan Value ”
means, at any time of determination, an amount (calculated based on the most recent Borrowing Base certificate
delivered to the Agent in accordance with the Agreement) equal to (a) with respect to Eligible Receivables of the Canadian Loan Parties, 85% of
Eligible Receivables less the applicable Dilution Reserve plus (b) with respect to Eligible
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