Administrative Agent Asset Value definition

Administrative Agent Asset Value means, as of any date of determination, the sum of (i) the Administrative Agent Xxxxxx Xxx Asset Value, (ii) the Administrative Agent Xxxxxxx Mac Asset Value, and (iii) the Administrative Agent Xxxxxx Xxx Asset Value; provided that the Administrative Agent Xxxxxx Mae Asset Value of Xxxxxx Xxx MSRs shall be reduced to the extent necessary such that the Xxxxxx Mae Borrowing Base remains at or below the Xxxxxx Xxx Concentration Limit.
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Administrative Agent Asset Value means, as of any date of determination, the sum of (i) the Administrative Agent Xxxxxx Mae Asset Value, (ii) the Administrative Agent Xxxxxxx Mac Asset Value, and (iii) the Administrative Agent Xxxxxx Mae Asset Value; provided, however, that during the Xxxxxx AA Trigger Period the Administrative Agent Asset Value shall not exceed the product of (a) the sum of (1) the Administrative Agent Xxxxxx Mae Market Value Percentage multiplied by the aggregate unpaid principal balance of the Mortgage Loans related to the Xxxxxx Xxx MSRs, and (2) the Administrative Agent Xxxxxxx Mac Market Value Percentage multiplied by the aggregate unpaid principal balance of the Mortgage Loans related to the Xxxxxxx Mac MSRs, and (b) [***] and provided further, that the Administrative Agent Xxxxxx Mae Asset Value of Xxxxxx Xxx MSRs shall be reduced to the extent necessary such that the Xxxxxx Mae Borrowing Base remains at or below the Xxxxxx Xxx Concentration Limit.
Sample 1
Administrative Agent Asset Value means, as of any date of determination, the sum of (i) the Administrative Agent Fxxxxx Mae Asset Value, (ii) the Administrative Agent Fxxxxxx Mac Asset Value, and (iii) the Administrative Agent Gxxxxx Mae Asset Value; provided, however, that during the Gxxxxx AA Trigger Period the Administrative Agent Asset Value shall not exceed the product of (a) the sum of (1) the Administrative Agent Fxxxxx Mae Market Value Percentage multiplied by the aggregate unpaid principal balance of the Mortgage Loans related to the Fxxxxx Mxx MSRs, and (2) the Administrative Agent Fxxxxxx Mac Market Value Percentage multiplied by the aggregate unpaid principal balance of the Mortgage Loans related to the Fxxxxxx Mac MSRs, and (b) [***] and provided further, that the Administrative Agent Gxxxxx Mae Asset Value of Gxxxxx Mxx MSRs shall be reduced to the extent necessary such that the Gxxxxx Mae Borrowing Base remains at or below the Gxxxxx Mxx Concentration Limit.
Sample 1

Examples of Administrative Agent Asset Value in a sentence

  • At the Administrative Agent’s discretion, the Administrative Agent may obtain valuation reports with respect to the Administrative Agent Asset Value from a Valuation Agent, at any time and from time to time on a non-binding basis; provided that the Borrower shall not be responsible for payment of any costs, expenses, fees or other amounts in connection with such valuation report except in connection with a Borrowing Base Dispute pursuant to Section 2.6(b).

  • For the avoidance of doubt, the [***] period during which the Borrower may dispute the Administrative Agent’s determination of the Administrative Agent Asset Value set forth in Section 2.6 shall not operate to extend the cure periods referenced in the preceding sentence.

  • At the Administrative Agent’s discretion, the Administrative Agent may obtain valuation reports with respect to the Administrative Agent Asset Value from a Valuation Agent, at any time and from time to time on a non-binding basis.


More Definitions of Administrative Agent Asset Value

Administrative Agent Asset Value means, as of any date of determination, the sum of (i) the Administrative Agent Fannie Mae Asset Value, (ii) the Administrative Agent Freddie Mac Asset Value, and (iii) the Administrative Agent Ginnie Mae Asset Value; provided that the Administrative Agent Ginnie Mae Asset Value of Ginnie Mae MSRs shall be reduced to the extent necessary such that the Ginnie Mae Borrowing Base remains at or below the Ginnie Mae Concentration Limit.
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Related to Administrative Agent Asset Value

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Administrative Agent’s Account means an account at a bank designated by the Administrative Agent from time to time as the account into which the Borrower shall make all payments to the Administrative Agent for the benefit of the Agents and the Lenders under this Agreement and the other Loan Documents.

  • Administrative Agent Fee has the meaning specified in the Administrative Agent Fee Letter.

  • Administrative Agent Fees shall have the meaning assigned to such term in Section 2.05(b).

  • Revolving Administrative Agent means the “Administrative Agent” as defined in the Revolving Credit Facility.

  • Administrative Agent Fee Letter means that certain fee letter, dated as of the date hereof, by and among the Administrative Agent and the Borrower.

  • First Lien Administrative Agent means the “Administrative Agent” as defined in the First Lien Credit Agreement.

  • Administrative Agent as defined in the preamble hereto.

  • Administrative Agent’s Fee Letter means that certain Administrative Agent’s Fee Letter dated as of January 13, 2010 by and among the Administrative Agent, International Paper and Borrower, as the same may be amended, restated or otherwise modified from time to time.

  • Term Administrative Agent means Bank of America, N.A., in its capacity as agent for the “Secured Parties” under (and as defined in) the Term Credit Agreement, and its successors and assigns in such capacity.

  • Canadian Administrative Agent means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as Canadian administrative agent for the Lenders hereunder.

  • Administrative Agent’s Letter shall have the meaning specified in Section 10.9 [Administrative Agent’s Fee].

  • Term Loan Administrative Agent means Bank of America, in its capacity as administrative agent under the Term Loan Credit Agreement, and its successors and assigns in such capacity.

  • ABL Administrative Agent means Bank of America in its capacity as administrative agent and collateral agent under the ABL Facilities Documentation, or any successor administrative agent and collateral agent under the ABL Facilities Documentation.

  • Second Lien Administrative Agent shall have the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

  • Borrowing Base Amount means:

  • Administrative Agent’s Office means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02, or such other address or account as the Administrative Agent may from time to time notify to the Borrower and the Lenders.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Administrative agency or "agency" means each board, bureau, commission, department, or other administrative unit of the executive branch of state government, including one or more officers, employees, or other persons directly or indirectly purporting to act on behalf or under authority of the agency. An administrative unit located within or subordinate to an administrative agency must be treated as part of that agency to the extent it purports to exercise authority subject to this chapter. The term administrative agency does not include:

  • Administrative Agents the collective reference to the General Administrative Agent and the Canadian Administrative Agent.

  • Administrative Fee is defined in Section 4.1(a).

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Borrowing Base Value means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.

  • Applicable Agent means (a) with respect to a Loan or Borrowing denominated in Dollars or with respect to any payment that does not relate to any Loan or Borrowing, the Administrative Agent and (b) with respect to a Loan or Borrowing denominated in a Foreign Currency, a Swingline Foreign Currency Borrowing or Swingline Foreign Currency Loan, the Administrative Agent or an Affiliate thereof designated pursuant to Section 8.07.