Tranche D Borrowing Base definition

Tranche D Borrowing Base means at any date all Construction Loans ------------------------ made by the Companies to homebuilders which have been delivered to and held by the Collateral Agent or otherwise identified as "DEF Collateral" under the Security Agreement as collateral security for the Obligations.
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Tranche D Borrowing Base means at any date all Eligible REO and Eligible Repurchased Defaulted Mortgages which have been delivered to and held by Agent or otherwise identified as Collateral.
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Tranche D Borrowing Base means, at any time, all Eligible Gestation Mortgage Loans delivered to and held by Agent hereunder as collateral security for the Obligations.
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Examples of Tranche D Borrowing Base in a sentence

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

  • At no time shall the aggregate amount of all Tranche D Loans outstanding at any time exceed the lesser of (1) the Collateral Value of the Tranche D Borrowing Base and (2) the Tranche D Sublimit.


More Definitions of Tranche D Borrowing Base

Tranche D Borrowing Base means, at any time, all Eligible Working Capital Receivables pledged to the Servicing Collateral Agent, for the benefit of the Secured Parties, by the Borrower under the Servicing Security Agreement as collateral security for the Obligations hereunder.
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Tranche D Borrowing Base. Eligible Expense Advance Receivable," "Eligible Foreclosure Claim Receivable," "Eligible P&I Advance Receivable," "Eligible Working Capital Receivables," "Eligible T&I Advance Receivables," "Expense Advance," "Foreclosure Claim Receivable," "P&I Advance," or "T&I Advance"; (b) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; and (c) no amendment, waiver or consent shall, unless in writing and signed by the Co-Agent, affect the rights or duties of the Co-Agent under this Agreement or any other Loan Document.
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Related to Tranche D Borrowing Base

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

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

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

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

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

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

  • 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.

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

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

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

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Canadian Revolving Commitment means, as to each Canadian Revolving Lender, its obligation to make Canadian Revolving Loans to the Canadian Borrower pursuant to Section 2.01, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Canadian Revolving Lender’s name on Schedule 2.01, in the Assignment and Assumption or other agreement pursuant to which such Canadian Revolving Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement.

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

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • 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.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • 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.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • 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.