Production Exposure

Production Exposure. For an item of Product shall mean the Budgeted Negative Cost or acquisition price paid or to be paid by a Credit Party net of (without double counting) (i) production fees and overhead of the applicable Credit Party, (ii) amounts funded or committed to be funded in connection with such item of Product on a cash-flow basis (and which therefore are not included in the Borrowing Base as an ... Eligible Receivable) by Persons unrelated to any Credit Party pursuant to contractual arrangements approved in writing by the Administrative Agent, and (iii) all pre-sales which would constitute Eligible Receivables if they were payable by Acceptable Obligors. View More