Aggregate Adjusted Collateral Value definition

Aggregate Adjusted Collateral Value means, as of any Business Day, the sum of the Adjusted Collateral Value of each Portfolio Asset (including for this purpose all Assets for which the Borrower has entered into a binding commitment to purchase that have not yet settled) less Excess Concentrations.

Aggregate Adjusted Collateral Value means, on any date of determination, the amount equal to:

Aggregate Adjusted Collateral Value means the aggregate of the Adjusted Collateral Values for the BOA Investments in the BOA Collateral Accounts.

Examples of Aggregate Adjusted Collateral Value in a sentence

• Maintain, at all times, an Aggregate Adjusted Collateral Value of the BOA Investments in the BOA Collateral Accounts of not less than Two Million and 00/100 Dollars ($2,000,000.00).

• Maintain, at all times, an Aggregate Adjusted Collateral Value of the BOA Investments in the BOA Collateral Accounts of not less than $2,000,000.00, less any amounts released by Lender from such BOA Collateral Accounts in response to a request for an Advance (the "Minimum Aggregate Adjusted Collateral Value").

• Lender shall be under no obligation to permit Advances during any period of time that the Aggregate Adjusted Collateral Value of the BOA Investments is less than the Minimum Aggregate Adjusted Collateral Value.

• Lender shall be under no obligation to permit Advances during any period of time that the Aggregate Adjusted Collateral Value of the BOA Investments is less than $2,000,000.00.

More Definitions of Aggregate Adjusted Collateral Value

Aggregate Adjusted Collateral Value means the aggregate of the Adjusted Collateral Values for the BOA Investments in the BOA Collateral Accounts. "Agreement" means this Amended and Restated Revolving Line of Credit Loan Agreement and Security Agreement, as the same may be amended, modified or supplemented from time to time. "Apparel Inventory" means that part of the Borrower's Inventory which is clothing for sale to the general public and which is not New Textbook Inventory, Used Textbook Inventory or On Campus Inventory. "Assignment" means a direct assignment of Payments under Government Contracts, pursuant to and in compliance with the Assignment of Claims Act. "Assignment of Claims Act" means Xxxxx 00, Xxxxxx Xxxxxx Code 3727, and Xxxxx 00, Xxxxxx Xxxxxx Code 15, as revised or amended, and any rules or regulations issued pursuant thereto, and also shall be deemed to include any other laws, rules or regulations governing the assignment of payments under Government Contracts or claims against a Government. "BOA Collateral Accounts" means one or more restricted deposit or investment accounts owned and established by Borrower with Bank of America, N.A. or Bank of America Securities, LLC, subject to control agreements in favor of and satisfactory to the Lender, in which shall be deposited and held the BOA Investments. "BOA Investments" means the cash, instruments, securities and other Investment Property now owned or hereafter acquired by Borrower from time to time and to be held in the BOA Collateral Accounts. "Borrower" means Varsity Group Inc., a Delaware corporation, Campus Outfitters Group, LLC, a Delaware limited liability company, XxxxxxxXxxxx.xxx, LLC, a Delaware limited liability company, and XxxxxxxXxxxxx.xxx, Inc., a Delaware corporation and to each such Person or to all of them, as the context may require, and the representations and obligations hereunder of the Persons comprised by the term "Borrower" shall be joint and several. For purposes of testing compliance with the financial covenants hereinafter, the negative covenants hereinafter, and the unused fee provided hereinafter, financial information concerning the Borrower shall mean financial information for Varsity Group Inc., Campus Outfitters Group, LLC, XxxxxxxXxxxx.xxx, LLC and XxxxxxxXxxxxx.xxx, Inc. stated on a consolidated basis. "Borrowing Base" means: Aggregate Adjusted Collateral Value; plus Seventy-five percent (75%) of Borrower's Eligible New Textbook Inventory; plus Fifty percent (50%) of Borrower's Eligible Used ...