GBRP DEBT

GBRP DEBT. Shall mean the Indebtedness of TSI Retail to GBRP arising pursuant to the Agency Agreement as in effect on the date hereof consisting of the following (each capitalized term used in this definition shall have the meaning set forth in Amendment No. 2 or the Agency Agreement): (i) the Guaranteed Amount to the extent that such amount has been paid by GBRP, (ii) the Expenses to the extent that such Expenses have been paid by GBRP, (iii) the Agent's Base Fee, (iv) the Agent's Secondary Fee, (v) the... Agent's Additional Fee, and (vi) the Merchandise remaining in the Stores at the conclusion of the TSI Sale. View More