Borrower Assets definition

Borrower Assets means the sum of (a) the aggregate value of the Borrower’s assets minus (b) the aggregate value of MSC to the extent included in the aggregate value of the Borrower’s assets minus (c) the aggregate value of the assets in the SBIC Entities to the extent included in the aggregate value of the Borrower’s assets, in each case in clauses (a), (b) and (c) as set forth in the Compliance Certificate delivered pursuant to Section 5.01(c) for the applicable Fiscal Quarter, calculated on the basis of the asset values of the Borrower and its Subsidiaries set forth in Borrower’s financial statements delivered pursuant to Section 5.01 and supported by such documentation as Administrative Agent shall reasonably require.

Borrower Assets means the Assets of the Borrower.

Borrower Assets means the sum of (a) the aggregate value of the Borrower’s assets minus (b) the aggregate value of MSC to the extent included in the aggregate value of the Borrower’s assets minus (c) the aggregate value of the assets in the SBIC Entities to the extent included in the aggregate value of the Borrower’s assets, in each case in clauses (a), (b) and (c) as set forth in the Compliance Certificate delivered pursuant to Section 5.01(c) for the applicable Fiscal Quarter, calculated on the basis of the asset values of the Borrower and its Subsidiaries set forth in Borrower’s financial statements delivered pursuant to Section 5.01 and supported by such documentation as Administrative Agent shall reasonably require. “Collateral Coverage Test” means that, as of the end of the applicable Fiscal Quarter of the Borrower, the ratio of (a) sum of

Examples of Borrower Assets in a sentence

• All of the right, title and interest (i) of Bor- rower in all of Borrower’s as- sets described in the Loan and Security Agreement (the “Borrower Assets”), all(ii) of Pledgor in all of the membership interest in the Borrower (the “Pledgor As- sets” and together with the Borrower Assets, collectively, the “Property”).

• Charges over Borrower Assets – This could be done by either having a fixed charge/mortgage or a floating charge over the project assets.

• Hurricane Katrina damage in New Orleans (from Young website) 75Figure 16.

• Dutson+1 404 572-2803jdutson@kslaw.comTad Bardenwerper+1 212 556-2117tbardenwerper@kslaw.com Isolation of Borrower Assets Traditional and Asset-Based LendingAsset-based lending facilities link credit availability to the credit quality of the underlying portfolio of assets, relying on a security interest in defined pools or classes of assets.

• Borrower Assets minus (ii) the average daily Outstandings for such Fiscal Quarter to (b) the average daily Outstandings for such Fiscal Quarter shall exceed 3.0 to 1.0.

More Definitions of Borrower Assets

Borrower Assets means the sum of (a) the aggregate on a consolidated basis value of the Borrower’s assets minus (b) the aggregate value of MSC to the extent included in the aggregate value of the Borrower’s assets minus (c) the aggregate value of the assets in the SBIC Entities to the extent included in the aggregate value of the Borrower’s assets, in each case in clauses (a), (b) and (c) as set forth in the Compliance Certificate delivered pursuant to Section 5.01(c) for the applicable Fiscal Quarter, calculated on the basis of the asset values of the Borrower and its Subsidiaries set forth in Borrower’s financial statements delivered pursuant to Section 5.01 and supported by such documentation as Administrative Agent shall reasonably require.

Borrower Assets means, collectively, all of the real and personal property, assets, undertakings, title, interests, rights and benefits owned by the Borrower;

Borrower Assets means those tangible and intangible assets, properties and rights that, as of the date hereof, are owned or controlled by Borrower or any of its Subsidiaries or are used by Borrower or one of its Subsidiaries in the operations of the Borrower Business.

Borrower Assets has the meaning set forth in Section 3.9.