Tranche A Borrowing Base definition

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

Tranche A Borrowing Base at any time, the amount equal to:

Tranche A Borrowing Base means the “Tranche A Borrowing Base” as defined in the ABL Credit Agreement.

Examples of Tranche A Borrowing Base in a sentence

• Accounts which the Agent determines in its Permitted Discretion to be unacceptable for inclusion in the Tranche A Borrowing Base after notice of such determination is given to the Lead Borrower.

• Acquired Inventory, except to the extent included in the calculation of the Tranche A Borrowing Base as provided in the definition thereof.

• Such amendment shall include such changes as the Agent and the Borrowers shall deem necessary or desirable to clarify the administration of the Tranche A Facility or the Tranche B Facility and the Tranche A Borrowing Base or the Tranche B Borrowing Base hereunder in a manner consistent with this Agreement.

• Prior to the Tranche A Discharge Date, if, on any date, the aggregate Tranche B Term Loans exceed the Assumed Tranche B Borrowing Base at such time, a Push Down Reserve shall be immediately and automatically established in respect of the Tranche A Borrowing Base in an aggregate principal amount equal to such excess.

• Aggregate Borrowing Base: on any date of determination, the sum of the Tranche A Borrowing Base, plus the Tranche B Borrowing Base, minus the Accounts Reserve, minus the Inventory Reserve, minus the Availability Reserve, minus the Bank Product Reserve, provided, however, that no Reserve shall be duplicative of any factor to the extent that it is already reflected in the calculation of the Aggregate Borrowing Base, Tranche A Borrowing Base and/or Tranche B Borrowing Base.

More Definitions of Tranche A Borrowing Base

Tranche A Borrowing Base means, as of any date of determination, the sum of:

Tranche A Borrowing Base means, at any time, an amount, equal to the lesser of (A) $575,000,000 and (B) the sum of (i) the amounts in the Principal Collection Subaccount, (ii) the product of (x) the Weighted Average Tranche A Advance Rate (excluding the portion of the Sale Settlement Pending Collateral allocable to Tranche A Collateral Loans from the calculation of the Weighted Average Tranche A Advance Rate) as of such date, (y) the Portfolio Advance Rate Adjustment as of such date and (z) the Aggregate Tranche A Net Collateral Balance as of such date (excluding the portion of the Sale Settlement Pending Collateral allocable to the Tranche A Collateral Loans from the calculation of the Aggregate Tranche A Net Collateral Balance) and (iii) the aggregate sale price (expressed in Dollars) of the portion of the Sale Settlement Pending Collateral allocable to Tranche A Collateral Loans.

Tranche A Borrowing Base means at any time, an amount equal to the sum of, without duplication, and in each case as of such time:

Tranche A Borrowing Base means, on any date, an amount equal to the sum of the Adjusted Fair Market Value of all Eligible Investments.

Tranche A Borrowing Base means, as of any date of determination by Agents, from time to time, an amount equal to the sum at such time of:

Tranche A Borrowing Base and "Tranche B Borrowing Base" shall mean both such terms as defined herein and ---- --- such terms as defined in the Facility II Agreement), (ii) the Collateral Value of the Tranche D Borrowing Base attributable to Construction Loans of the type described in the second proviso to the definition of "Construction Loan" (or, if any such Construction Loan is nonconforming solely due to the sales price or construction cost of any single-family tract home to be constructed in connection therewith, the sales price or construction cost of such home), (iii) the Collateral Value of the Tranche E Borrowing Base attributable to Servicing Loans of the type described in the proviso to the definition of "Servicing Loan", and (iv) the Collateral Value of the Tranche F Borrowing Base attributable to Foreclosure/Repurchase Loans of the type described in the proviso to the definition of "Foreclosure/Repurchase Loan," (collectively, the "Non-conforming Collateral Amount") (it being understood that for the purposes of this Paragraph 11(l), the terms "Collateral Value of the Tranche D Borrowing Base," "Collateral Value of the Tranche E Borrowing Base," "Collateral Value of the Tranche F Borrowing Base," "Construction Loan," "Servicing Loan" and "Foreclosure/Repurchase Loan" shall have the meanings given such terms in the Facility II Agreement) exceeds $20,000,000, the Administrative Agent, after consultation with the Companies, shall make such adjustments to the Tranche A Borrowing Base and the Tranche B Borrowing Base, and shall remove Collateral from the computation of some or all of such Borrowing Bases, as may be necessary to cause the Non- Conforming Collateral Amount to be less than or equal to $20,000,000.

Tranche A Borrowing Base means at any date all Eligible A/B Mortgage ------------------------ Loans purchased by CWM or Indy Mac pursuant to the programs and procedures described in the Indy Mac Seller-Servicer Guide which have not been included as --- Collateral in excess of one hundred twenty (120) days and which have been delivered to and held by the Collateral Agent or otherwise identified as "A/B Collateral" under the Security Agreement as collateral security for the Obligations, together with all Warehousing Loans which have been delivered to and held by the Collateral Agent under the Security Agreement as collateral security for the Obligations.