Investment Base definition
Investment Base means, as of any date of determination, the amount equal to the aggregate Outstanding Balance of all Eligible Receivables minus the Reserves with respect thereto, in each case as disclosed in the most recently submitted Investment Base Certificate or as otherwise determined by the Purchaser or the Administrative Agent based on Seller Collateral information available to any of them, including any information obtained from any audit or from any other reports with respect to the Seller Collateral, which determination shall be final, binding and conclusive on all parties to the Purchase Agreement (absent manifest error).
Investment Base means, on any date of determination, the difference between the Net Pool Balance and the Required Reserve.
Examples of Investment Base in a sentence
Notwithstanding anything to the contrary set forth above, on any date on or prior to the Final Payout Date, if the Total Investment exceeds the sum of the Loan Investment Base and the Receivables Investment Base at such time, Servicer shall immediately pay to each Purchaser Agent (ratably, based on the Purchaser Group Investment of such Purchaser Agent’s Purchaser Group at such time) an amount equal to such excess.
Each Transferred Receivable designated as an Eligible Receivable in each Investment Base Certificate constitutes an Eligible Receivable as of the date specified in such Investment Base Certificate.
A+[(C+B)/D])(FT) I-FT where FT is the Federal Income Tax Rate and A is the sum of the preferred stock component and the return on equity component, as determined in Sections ll.A.2.(a)(ii) and (iii) above, B is Transmission Related Amortization of Investment Tax Credits, as determined in Section II.D., below, C is the Equity AFUDC component of Transmission Depreciation Expense, as defined in Section ll.B., and D is Transmission Investment Base, as determined in Section II.A.1., above.
X000 Xxx Xxxxxx, Xx 00000 To Purchaser: Warner Technology and Investments Corp.
Each Transferred Receivable designated as an Eligible Receivable in each Investment Base Certificate constitutes an Eligible Receivable as of the date of such Investment Base Certificate.
More Definitions of Investment Base
Investment Base means the Alliance Canada Pipeline regulatory investment base to be used to calculate its tolls and which generally includes: (i) all of the costs which Alliance Canada actually and reasonably incurred in developing, designing, financing, constructing, commissioning and expanding the Alliance Canada Pipeline, including construction cost overruns; and (ii) an allowance for funds used during construction of the Alliance Canada Pipeline under which Alliance Canada has capitalized, and hence will
Investment Base means, as of any date of determination, the --------------- amount equal to the Outstanding Balance of Eligible Receivables minus the ----- Reserves with respect thereto, in each case as disclosed in the most recently submitted Investment Base Certificate or as otherwise determined by the Purchaser, the Operating Agent or the Collateral Agent based on Seller Collateral information available to any of them, including any information obtained from any audit or from any other reports with respect to the Seller Collateral, which determination shall be final, binding and conclusive on all parties to the Purchase Agreement (absent manifest error).
Investment Base means, as of any date of determination, the amount equal to the Outstanding Balance of Eligible Receivables minus the Reserves with respect thereto plus, for purposes of determining the “Funding Base” under the Collateral Agent Agreement, at any time after the Facility Termination Date, the aggregate Outstanding Balance of Delinquent Receivables, as disclosed in the most recently submitted Investment Base Certificate or as otherwise determined by the Purchasers or the Administrative Agent based on Seller Collateral information available to any of them, including any information obtained from any audit or from any other reports with respect to the Seller Collateral, which determination shall be final, binding and conclusive on all parties to the Purchase Agreement (absent manifest error).
Investment Base means, as of any date of determination, the amount equal to (a) Gross Pool Availability, minus (b) the Availability Block, minus (c) if the Credit Memo Lag is greater than 75 days at such time, an amount equal to the Credit Memo Lag Reserve, minus (d) the lesser of (i) the Reserves with respect thereto and (ii) an amount equal to 5.0% of Gross Pool Availability, in each case as disclosed in the most recently submitted Investment Base Certificate or as otherwise determined by the Purchaser or the Administrative Agent based on MRFC Collateral information available to any of them, including any information obtained from any audit or from any other reports with respect to the MRFC Collateral, which determination shall be final, binding and conclusive on all parties to the Transfer Agreement (absent manifest error).
Investment Base. “Dynamic Advance Rate”, “Reserve”, or “Special Limit” if the effect of such change is to increase the amount of the Investment Base, (vii) amend or modify any provision of Section 2.02(d) or Section 6.04, (viii) release any material portion of the Transferred Receivables or MRFC from the Purchaser Interest or any Liens of the Administrative Agent or the Purchasers under any Related Document except in accordance with the terms and conditions of such Related Document, or (ix) amend or modify any defined term (or any defined term used directly or indirectly in any such defined term) used in clauses (i) through (viii) above in any manner that would circumvent the intention of the restrictions set forth in such clauses. Notwithstanding any provision of this Section 14.06 to the contrary, any increase of the Maximum Purchase Limit by way of an Accordion Activation pursuant to Section 2.02(d) shall require only the consent of those Existing Purchasers opting to increase their Commitments pursuant to the terms and conditions of Section 2.02(d) as well as the agreement of any Additional Purchasers needed in order to permit all conditions to such Accordion Activation to be fulfilled and nothing in this Agreement shall be deemed to require, as a condition to the effectiveness of any Accordion Activation, the consent of any Existing Purchaser not opting to increase its Commitment pursuant to the Accordion Activation.
Investment Base has the meaning set forth in Section 1.1(a).
Investment Base means, for any date, as disclosed in the most --------------- recently submitted Investment Base Certificate, an amount equal to the Outstanding Balance of Transferred Receivables that are Eligible Receivables minus the Reserves in respect of such Eligible Receivables.