Kodak 2011 Annual Report Download - page 182

Inventory of the US Loan Parties, the lesser of (i) 65% of Eligible Inventory and (ii) 85% of the Net Orderly Liquidation Value of Eligible
Inventory (based on the then most recent independent inventory appraisal) on any date of determination plus
(c) the lesser of (x) $35,000,000 and
(y) 75% of the Net Orderly Liquidation Value of Eligible Equipment of the US Loan Parties.
“ US Loan Party ” means the Company and each US Subsidiary Guarantor.
“ US Obligations ”
means all liabilities and obligations of every nature of each US Loan Party from time to time owed to the Agent, the
Collateral Agent, the Lenders, the other US Secured Parties or any of them, under (x) the Loan Documents relating to the US Revolving Credit
Facility and the Term Facility and (y) subject to Section 7.13
, the US Secured Agreements, whether for principal, interest (including interest
which, but for the filing of a petition or other proceeding in a bankruptcy or insolvency proceeding with respect to such US Loan Party, would
have accrued on any Obligation, whether or not a claim is allowed against such Loan Party for such interest in the related bankruptcy or insolvency
proceeding), fees, expenses, indemnification or otherwise and whether primary, secondary, direct, indirect, contingent, fixed or otherwise.
“ US Other Secured Obligations Amount ”
means, at any time, the sum of all Designated Amounts in respect of US Secured Agreements
constituting Obligations at such time.
“ US Protective Revolving Loan ” has the meaning specified in Section 2.01(c) .
“ US Revolving Borrowing ”
means a borrowing consisting of simultaneous Revolving Loans of the same Type made by each of the US
Revolving Lenders pursuant to Section 2.01(a)(i) .
“ US Revolving Credit Commitment ” means as to any Revolving Lender (a) the amount set forth opposite such Lender’
s name on
Schedule I hereto as such Lender’s “US Revolving Credit Commitment”,
which shall be designated as a Commitment under the Revolving Credit
Facility or (b) if such Lender has entered into an Assignment and Acceptance, the amount set forth for such Lender in the Register maintained by
the Agent pursuant to Section 8.07(g) , as such amount may be reduced pursuant to Section 2.05 .
“ US Revolving Credit Exposure ” means, with respect to any Revolving Lender at any time, such Lender’
s Ratable Share of the US
Revolving Credit Facility Usage at such time.
“ US Revolving Credit Facility ” means, at any time, the aggregate amount of the Revolving Lenders’
US Revolving Credit Commitments
at such time.
“ US Revolving Credit Facility Usage ”
means, at any time, the amount obtained by adding (i) the aggregate outstanding principal amount
of all US Revolving Loans made by the Revolving Lenders and (ii) the aggregate outstanding US Letter of Credit Obligations.
“ US Revolving Lender ” means, at any time, a Lender that has a US Revolving Credit Commitment at such time.
“ US Revolving Loan ”
means an advance by a Revolving Lender as part of a US Revolving Borrowing and refers to a Base Rate
Revolving Loan or a Eurodollar Rate Revolving Loan and shall be deemed to include any US Protective Revolving Loan made hereunder.
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