Here's a good question

If i create a template say I name it Toonfrnt. And save it to global.
If I delete the TBS file that I created the art in, will I still have the template saved in my global libary file?

Yes, templates that are saved to global libraries are not linked to specific projects, so deleting a project that uses or was the source of a global library template will not effect the template. And visa versa, if you delete the global library template it will not effect any projects that use a copy of that template. -JK