Euro Borrowing Base means an amount, calculated in Euros, equal to (a) the portion of the Borrowing Base that is allocable to Collateral Loans that are denominated in Euros, plus (b) the aggregate amount of Euros then on deposit in the applicable Principal Collection Subaccount.
Euro Borrowing Base. As of any Measurement Date, an amount equal to the aggregate sum of (i) the sum of the products, for each Eligible Loan denominated in Euros as of such date, of (A) the Applicable Percentage for each such Eligible Loan as of such date and (B) the Adjusted Borrowing Value of each such Eligible Loan as of such date, plus (ii) the amount of Euros that are Principal Collections on deposit in the Euro Account as of such date, minus (iii) the Unfunded Exposure Required Amount with respect to Eligible Loans denominated in Euros, plus (iv) the amount of Euros that are Unfunded Exposure Collections on deposit in the Euro Account.