Collateral Value of the Borrowing Base definition

Collateral Value of the Borrowing Base means, on any day, the sum of the Unit Collateral Values of all Eligible Mortgage Loans included in the Borrowing Base on such day as determined by Agent based upon information then available to Agent.
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Collateral Value of the Borrowing Base means at any date the sum of the Unit Collateral Values of all Eligible Mortgage Loans included in the Borrowing Base at such date (including Eligible Mortgage Loans shipped into pools supporting Warehouse Related MBSs pending sale of such Warehouse Related MBSs and delivery of the sale proceeds thereof to the Settlement Account).
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Collateral Value of the Borrowing Base means at any date the sum of:
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Examples of Collateral Value of the Borrowing Base in a sentence

  • At no time shall the aggregate amount of all Loans outstanding at any time exceed the lesser of (1) the Aggregate Collateral Value of the Borrowing Base, and (2) the Commitment at such time.

  • If on any Business Day the amount in the Settlement Account is less than the amount needed to maintain the Collateral Value of the Borrowing Base in an amount equal to or greater than the amount of the Loan Balance, and the Borrower has not made any payment as provided in Section 2.5, the Administrative Agent may cause an amount equal to such deficiency to be transferred from any Operating Account to the Settlement Account.

  • After giving effect to the transactions contemplated by the Borrowing Request pursuant to which a Loan is requested, and at all other times, the aggregate amount of all Loans outstanding shall not exceed the Collateral Value of the Borrowing Base.

  • Anything herein to the contrary notwithstanding, at no time shall the Collateral Value of the Borrowing Base Assets in any Metropolitan Statistical Area exceed twenty percent (20%) of the total Collateral Value of all Borrowing Base Assets, except those that exist as of the Closing Date and any that may be otherwise approved by the Required Lenders.

  • Twomey Title: Managing Director WESTON PRESIDIO CAPITAL III, L.P. By: /s/ Kevin M.


More Definitions of Collateral Value of the Borrowing Base

Collateral Value of the Borrowing Base means, at any date, 91% of the amount of the Restricted Cash Collateral;
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Collateral Value of the Borrowing Base means on any day the sum of the Unit Collateral Values of all Eligible Mortgage Loans included in the Borrowing Base on such day as reasonably determined by Lender based on information then available to Lender; provided that the Collateral Value of the Borrowing Base shall never exceed the Commitment.
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Collateral Value of the Borrowing Base shall have the meaning set forth in the Commitment Letter.
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Collateral Value of the Borrowing Base means at any date: --------------------------------------
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Collateral Value of the Borrowing Base means at any date (a) -------------------------------------- the sum of the Unit Collateral Values of all Eligible Mortgage Loans included in the Borrowing Base at such date, plus (b) without duplication, the total dollar amount of cash in the Settlement Account being held as cash collateral pursuant to Paragraph 7(k)(1) above.
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Collateral Value of the Borrowing Base means at any date the aggregate amount calculated with respect to each Eligible Account and each item of Eligible Inventory included in the Borrowing Base at such date as follows:
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Collateral Value of the Borrowing Base means at any date the sum of eighty five percent (85%) of each of the following for the Company, the Guarantor Subsidiaries and the Foreign Subsidiaries: (a) cash held overnight in store safes, (b) the balance held in store accounts, (c) the amount payable under checks held in store safes, (d) clearing house transfers initiated on the previous day and transfers of same-day funds to be credited to store accounts, (e) cash held overnight by armored car carriers, (f) eligible government receivables in respect of government contracts, and (g) cash balances held in demand deposit accounts and/or investment accounts other than monies deposited with or at the direction of The Bank of Montreal under the “Overdraft Lending Agreement” between the Bank of Montreal and the National Money Mart Company referred to in Paragraph 1 on Schedule 8(b)(12) attached to the Credit Agreement and under the “multiple line facility” between National Westminster Bank Plc and Dollar Financial U.K. Limited referred to in Paragraph 2 on Schedule 8(b)(12) attached to the Credit Agreement; provided, however, that in no event shall any of the items described in subparagraphs (a) through (g) above be included in any calculation of the “Collateral Value of the Borrowing Base” to the extent any of the same are subject to any Lien other than in favor of the Administrative Agent for the benefit of the Lenders.
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