Kodak 2011 Annual Report Download - page 181

“ US Collateral ” means all “Collateral”
referred to in the US Security Agreement and the other Collateral Documents and in the Interim
Order and the Final Order relating to security under the US Revolving Credit Facility and the Term Facility; and all other property of the Company
and the other US Loan Parties that is or is intended to be subject to any Lien in favor of the Agent for the benefit of the US Secured Parties
pursuant to the terms of the Collateral Documents, the Interim Order or the Final Order.
“ US Excess Availability ” means, at any time, (1) the US Line Cap minus (2) the US Revolving Credit Facility Usage at such time.
“ US Guarantor ” means the Company and each US Subsidiary Guarantor.
“ US Issuing Bank ” means any Issuing Bank with outstanding US Letter of Credit Commitments.
“ US Letter of Credit ” means any standby letter of credit or commercial letter of credit issued under the US Letter of Credit Facility.
“ US Letter of Credit Commitment ”
means, with respect to each Issuing Bank, the obligation of such Issuing Bank to issue Letters of
Credit for the account of the Company and its Subsidiaries in (a) the amount set forth opposite such Issuing Bank’s name on Schedule I
hereto
under the caption “US Letter of Credit Commitment”
or (b) if such Issuing Bank has entered into one or more Assignment and Acceptances or is a
Lender that has become an Issuing Bank after the Effective Date in accordance with the definition of “Issuing Bank”,
the amount set forth for such
Issuing Bank in the Register maintained by the Agent pursuant to Section 8.07(g) as such Issuing Bank’s “US Letter of Credit Commitment”,
in
each case as such amount may be reduced prior to such time pursuant to Section 2.05 .
“ US Letter of Credit Facility ” means, at any time, an amount equal to the least of (a) the aggregate amount of the Issuing Banks’
US
Letter of Credit Commitments at such time, (b) $200,000,000 and (c) the aggregate amount of the US Revolving Credit Commitments, as such
amount may be reduced at or prior to such time pursuant to Section 2.05 .
“ US Letter of Credit Obligations ”
means, at any time, the sum of (i) the Available Amount of all US Letters of Credit issued and
outstanding and (ii) the aggregate amount of all amounts drawn under US Letters of Credit that have not been reimbursed by the Company or
converted to US Revolving Loans.
“ US Line Cap ” means, at any time, (x) the lesser of (i) the US Borrowing Base and (ii) the US Revolving Credit Commitments
minus
(y) the US Availability Block minus (z) the US Other Secured Obligations Amount.
“ US Liquidity ”
means, on any date of determination, the sum of (A) the aggregate amount of Cash Equivalents owned by the US Loan
Parties free and clear of all Liens (other than Liens created under the Collateral Documents and Liens securing the Existing Second Lien Debt) on
such date plus (B) US Excess Availability on such date.
“ US 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 this Agreement) equal to (a) with respect to Eligible Receivables of the US Loan Parties, 85% of
Eligible Receivables less the applicable Dilution Reserve plus (b) with respect to Eligible
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