Aggregate Adjusted Borrowing Value means, as of any date of determination, (a) an amount equal to the sum of the Adjusted Borrowing Values of all Eligible Loan Assets included as part of the Collateral on such date, after giving effect to all Eligible Loan Assets added to and removed from the Collateral on such date minus (b) the Excess Concentration Amount.
Aggregate Adjusted Borrowing Value means, on any day, the Adjusted Borrowing Values of all Eligible Loan Assets included as part of the Collateral on such date.
Aggregate Adjusted Borrowing Value means, as of any date of determination, an amount equal to the sum of (i) the Adjusted Borrowing Values (measured as of the last day of the month immediately preceding such date of determination) of all Engines then owned by any WEST Group Member, and (ii), during the Replacement Period in respect of each Engine that was the subject of an Engine Disposition in respect of which the Controlling Trustees have elected to reinvest all or a portion of the Modified Net Sale Proceeds in a Replacement Exchange, *** Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. the amount of the Modified Net Sale Proceeds to be so reinvested, provided, however, that, for purposes of calculating Maximum Borrowing Base, Senior Borrowing Base, Junior Borrowing Base and Appraisal Deficiency Amount, (x) the Adjusted Borrowing Values of the Engines described in clause (i) shall be reduced by the aggregate amount of the Reserve Engine Adjusted Borrowing Values as of the date of determination, and (y) if all or a portion of the Adjusted Base Value of the Engine that was the subject of an Engine Disposition described in clause (ii) consists of a Reserve Engine Adjusted Borrowing Value, only the Modified Net Sale Proceeds in excess of such Reserve Engine Adjusted Borrowing Value of such Engine as of the date of such Engine Disposition shall be taken into account for purposes of clause (ii).
More Definitions of Aggregate Adjusted Borrowing Value
Aggregate Adjusted Borrowing Value means, as of any date of determination, an amount equal to the sum of (i) the Adjusted Borrowing Values of all Engines then owned by any WEST Group Member (using the Adjusted Borrowing Values of such Engines as of the last day of the month immediately preceding such date of determination; provided that if any Engine has been acquired after the last day of such month but before or on such date of determination, the Initial Borrowing Value of such Engine shall be used in the determination), and (ii), during the Replacement Period in respect of each Engine that was the subject of an Engine Disposition in respect of which the Controlling Trustees have elected to reinvest all or a portion of the Modified Net Sale Proceeds in a Replacement Exchange, the amount of the Modified Net Sale Proceeds to be so reinvested, provided, however, that, for purposes of calculating Maximum Borrowing Base, Senior Borrowing Base, Junior Borrowing Base and Appraisal Deficiency Amount, (x) the Adjusted Borrowing Values of the Engines described in clause (i) shall be reduced by the aggregate amount of the Reserve Engine Adjusted Borrowing Values as of the date of determination, and (y) if all or a portion of the Adjusted Base Value of the Engine that was the subject of an Engine Disposition described in clause (ii) consists of a Reserve Engine Adjusted Borrowing Value, only the Modified Net Sale Proceeds in excess of such Reserve Engine Adjusted Borrowing Value of such Engine as of the date of such Engine Disposition shall be taken into account for purposes of clause (ii).
Aggregate Adjusted Borrowing Value means, as of any date of determination, (a) an amount equal to (1) the sum of the Adjusted Borrowing Values of (x) all Eligible Loan Assets included as part of the Collateral and (y) any Eligible Loan Assets for which the Borrower has entered into a commitment to purchase that has not yet settled; but only for a period of fifteen (15) Business Days after the trade date therefor, in each case, on such date, minus (2) the sum of the Adjusted Borrowing Values of (x) all Eligible Loan Assets removed from the Collateral and (y) any Eligible Loan Assets for which the Borrower has entered into a commitment to sell that has not yet settled, in each case, on such date minus (b) the Excess Concentration Amount.
Aggregate Adjusted Borrowing Value means, as of any date of determination, (a) an amount equal to the sum of the Adjusted Borrowing Values of all Eligible Loan Assets included as part of the Collateral on such date, after giving effect to all Eligible Loan Assets added to and removed from the Collateral on such date minus
Aggregate Adjusted Borrowing Value means, as of any date of determination, an amount equal to the sum of (i) the Adjusted Borrowing Values (measured as of the last day of the month immediately preceding such date of determination) of all Engines then owned by any WEST Group Member that are subject to the Lien of a Mortgage, and (ii), during the Replacement Period in respect of each Engine that was the subject of an Engine Disposition in respect of which the Controlling Trustees have elected to reinvest all or a portion of the Disposition Proceeds in a Replacement Exchange, the amount of the Disposition Proceeds to be so invested.