Tranche A Borrowing Base Sample Clauses
Tranche A Borrowing Base as defined in the First Lien Loan Agreement on the date hereof, together with any amendments permitted by the Intercreditor Agreement. Tranche A Excess Availability — as defined in the First Lien Loan Agreement on the date hereof, together with any amendments permitted by the Intercreditor Agreement. Tranche A Real Estate Amount — as defined in the First Lien Loan Agreement on the date hereof, together with any amendments permitted by the Intercreditor Agreement. Tranche A Revolver Commitments — as defined in the First Lien Loan Agreement on the date hereof, together with any amendments permitted by the Intercreditor Agreement. Tranche A-1 Borrowing Base — as defined in the First Lien Loan Agreement on the date hereof, together with any amendments permitted by the Intercreditor Agreement. Tranche A-1 Excess Availability — as defined in the First Lien Loan Agreement on the date hereof, together with any amendments permitted by the Intercreditor Agreement.
Tranche A Borrowing Base. The "HOMESIDE TRANCHE A BORROWING BASE" shall be, as of any date, the sum of the amounts determined by applying the percentages set forth below to the respective values of assets of HomeSide, and the "HONOMO TRANCHE A BORROWING BASE" shall be, as of any date, the sum of the amounts determined by applying the percentages set forth below to the respective values of assets of HonoMo, in each case described in subparagraphs (a) through (d) below which are deemed Delivered hereunder as of such date (without duplication in the event that any such asset is converted from one category to another) subject to the sublimits set forth below and to the other provisions hereof (terms used in this subsection 4.1 and not defined in subsection 1.1 being defined in subsection 4.3):
(a) for Eligible First Mortgage Loans, 98% of the least of (i) the current unpaid principal balance thereof, (ii) the acquisition cost thereof (minus discount points and fees associated with yield), and (iii) the Applicable Take-Out Price thereof multiplied by the current unpaid principal balance thereof;
Tranche A Borrowing Base on any date of determination, an amount equal to the lesser of (a) the aggregate amount of Tranche A Revolver Commitments, minus the LC Reserve and (b) the sum of (i) the Tranche A Inventory Formula Amount, plus (ii) the Tranche A Fixed Asset Availability Amount, minus (iii) the Availability Reserve, minus (iv) the LC Reserve. Tranche A Excess Availability — determined as of any date, the amount that Borrowers are entitled to borrow as Tranche A Revolver Loans, being the Tranche A Borrowing Base minus the principal balance of all Tranche A Revolver Loans.