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 Lender based on information then available to Lender; provided that the Collateral Value of the Borrowing Base shall never exceed the Commitment.

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).

Collateral Value of the Borrowing Base means at any date the sum of:

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.

• Except upon the occurrence of any Event of Default, to the extent that on any Business Day amounts in the Settlement Account exceed the amount needed in order to maintain the Collateral Value of the Borrowing Base at an amount equal to or greater than the amount of the Loan Balance, the Administrative Agent shall cause such excess amount to be automatically transferred to any Operating Account designated by the Borrower or as the Borrower may otherwise direct the application of such excess amount.

• 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.

• Notwithstanding anything to the contrary, 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 unpaid principal amount of all Loans outstanding shall not exceed the lesser of (a) the Collateral Value of the Borrowing Base, and (b) the Aggregate Commitments.

• 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.

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;

Collateral Value of the Borrowing Base shall have the meaning set forth in the Commitment Letter.

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.

Collateral Value of the Borrowing Base means, on any day, the sum of the Unit Collateral Values of all Eligible Mortgage Loans and all Eligible Lot Loans included in the Borrowing Base on such day, as determined by Lender based on the information then available to Lender; provided that the Collateral Value of the Borrowing Base shall never exceed the Commitment."

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.

Collateral Value of the Borrowing Base means at any date:

Collateral Value of the Borrowing Base means at any date the sum of the Unit Collateral Values of all Eligible Borrowing Base Loans included in the Borrowing Base at such date.