Collateral Value of the Tranche A Borrowing Base definition

Collateral Value of the Tranche A Borrowing Base means at any date the sum of the Unit Collateral Values of all Eligible Tranche A Mortgage Loans included in the Tranche A Borrowing Base at such date.
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Collateral Value of the Tranche A Borrowing Base means at any date ------------------------------------------------ the sum of (i) the sum of the Unit Collateral Values of all Eligible A/B Mortgage Loans included in the Tranche A Borrowing Base at such date (including Eligible A/B Mortgage Loans shipped into pools supporting Mortgage Backed Securities pending sale of such Mortgage Backed Securities and delivery of the sale proceeds thereof to the Settlement Account) (which amount shall be subject to adjustment as provided in Paragraph 11(l) above); plus
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Collateral Value of the Tranche A Borrowing Base means both such terms as defined herein and such terms as defined in the Facility II Agreement) (collectively, the "Warehousing Collateral Amount") exceeds $XXXXXX*, the Administrative Agent, after consultation with the Companies, shall made such adjustments to the Tranche A Borrowing Base, and shall remove Warehousing Loans from the computation of the Tranche A Borrowing Base, as may be necessary to cause the Warehousing Collateral Amount to be less than or equal to $XXXXXX*.
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Examples of Collateral Value of the Tranche A Borrowing Base in a sentence

  • The aggregate principal amount of any Lender's Tranche A Loans at any time outstanding (after giving effect to the other transactions contemplated by the Borrowing Request pursuant to which a Tranche A Loan is requested) shall not exceed the lesser of: (1) such Lender's Percentage Share of the Collateral Value of the Tranche A Borrowing Base or (2) such Lender's Percentage Share of the Commitment.


More Definitions of Collateral Value of the Tranche A Borrowing Base

Collateral Value of the Tranche A Borrowing Base means both such terms as defined ---- herein and such terms as defined --- *This provision has been deleted and has been filed separately with the Securities and Exchange Commission in connection with a request for confidential treatment filed pursuant to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. 73 in the Facility II Agreement).
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Collateral Value of the Tranche A Borrowing Base means both such terms as defined herein and such terms as defined in the Facility II Agreement) (collectively, the "Warehousing Collateral Amount") exceeds $150,000,000, the Administrative Agent, after consultation with the Companies, shall made such adjustments to the Tranche A Borrowing Base, and shall remove Warehousing Loans from the computation of the Tranche A Borrowing Base, as may be necessary to cause the Warehousing Collateral Amount to be less than or equal to $150,000,000. 11(m) Co-Agents. The Co-Agents shall have no agency duties or --------- obligations under this Agreement or any of the other Credit Documents.
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Collateral Value of the Tranche A Borrowing Base means both such terms as defined ---- herein and such terms as defined --- in the Facility II Agreement).
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Related to Collateral Value of the Tranche A Borrowing Base

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • Aggregate Borrowing Base means the aggregate amount of the U.S. Borrowing Base and the Canadian Borrowing Base; provided that the maximum amount of the Canadian Borrowing Base which may be included in the Aggregate Borrowing Base is the Canadian Sublimit.

  • Borrowing Base Value means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Borrowing Base means, at any time of calculation, an amount equal to:

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Borrowing Base Amount means:

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Borrowing Availability means as of any date of determination the Maximum Amount less the sum of (i) the Revolving Loan and Swing Line Loan then outstanding and (ii) the Reserves as then in effect.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Collateral Value The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances Outstanding.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Borrowing Base Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • Aggregate Revolving Credit Outstandings shall have the meaning provided in Section 5.2(b).

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.