Class A Borrowing Base definition

Class A Borrowing Base means, as of any day, an amount equal to the lesser of:

Class A Borrowing Base means, as of any date of determination, an amount equal to the product of (i) the Eligible Pool Balance and (ii) the Class A Advance Rate.

Class A Borrowing Base means, as of any date of determination, the product of (i) the Borrowing Base as of such date and (ii) the applicable amount set forth in Column D of Schedule XII hereto.

Examples of Class A Borrowing Base in a sentence

• A Class A Borrowing Base Deficiency or, during the Availability Period, a Class B-I Borrowing Base Deficiency, a Class B-II Borrowing Base Deficiency or Class B Aggregate Borrowing Base Deficiency continues for more than two (2) Business Days.

• After giving effect to such Advance, there should not exist a Class A Borrowing Base Deficiency, Class B-I Borrowing Base Deficiency or a Class B-II Borrowing Base Deficiency.

• The Borrowing Base Certificate required to be delivered with any Release Notice shall be dated and current as of the close of business on the date preceding the delivery date for such Release Notice set forth above and shall show pro forma calculations of the Reserve Account Funding Requirement, Class A Borrowing Base and Class B Borrowing Base as of the applicable Release Date (after giving effect to any Release on such date).

• The Issuer shall deliver to the Class A Note Purchaser, together with each Class A Advance Request, a Class A Borrowing Base Certificate in accordance with Section 2.03(a) hereof.

• The Borrower will not sell any Receivables or other Collateral related thereto if, following such sale, a Class A Borrowing Base Deficiency, a Class B Borrowing Base Deficiency or a Facility Advance Cap Deficiency would exist after giving effect to the application of proceeds of such sale; provided that the foregoing shall not prohibit a foreclosure sale by or on behalf of the Lenders upon the occurrence of an Event of Default.

More Definitions of Class A Borrowing Base

Class A Borrowing Base means, as of any date of determination, with respect to all Collateral Receivables, the sum of the Class A Borrowing Base Amounts of all such Collateral Receivables.

Class A Borrowing Base means, as of any date of determination, an amount equal to the product of (a) the applicable Unrated Class A Advance Rate and (b) the Net Eligible Receivables Balance.

Class A Borrowing Base. “Total Borrowing Base”, “Class A Borrowing Base Deficiency”, “Total Borrowing Base Deficiency”, “Annualized Charge-off Ratio”, “Concentration Limits”, “Level I Trigger Event”, “Level II Trigger Event”, “Level III Trigger Event”, “Class A Monthly Principal Amount”, “Class B Monthly Principal Amount”, “Total Required Collateralization Percentage”, “Reserve Account Required Amount”, “Senior Interest” or “Subordinate Interest”.

Class A Borrowing Base means, as of any date of determination, an amount equal to the sum of: (i) the CPS Borrowing Base; (ii) the lesser of (A) the TFC Borrowing Base and (B) $35,000,000; and (iii) Available Funds allocable to principal payments made by Obligors (including any Eligible Investments) on deposit in the Collection Account.

Class A Borrowing Base means, as of any date of determination, an amount equal to the sum of (a) the product of (i) sum of the Eligible Pool Balance and (ii) the Class A Advance Rate and (b) all amounts on deposit in the Collection Account as of such date of determination in excess of the product of (i) [***] and (ii) all amounts sufficient to make all payments required to be made pursuant to clauses (i), (ii), (iii) and (v) of Section 2.08(a) on the Payment Date immediately following such date of determination.

Class A Borrowing Base. As of any Measurement Date, an amount equal to the lesser of:

Class A Borrowing Base. With respect to any date of determination, the sum of (a) the product of the Class A Advance Rate multiplied by the Adjusted Pool Balance excluding Current Cash Balances therefrom (for any Payment Date, as of the last day of the related Determination Date) and (b) Current Cash Balances.