Common use of Adjustment of Borrowing Base Clause in Contracts

Adjustment of Borrowing Base. (1) On any date on which the sum of (i) the Aggregate Unit Collateral Values of all Eligible A/B Mortgage Loans included in the Tranche A Borrowing Base or the Tranche B Borrowing Base which are of the type described in the last paragraph of the definition of "Eligible A/B Mortgage Loan" (it being understood that for the purpose of this provision, the terms "Eligible A/B Mortgage Loans," "