Asset Base definition

Asset Base means, on any date of determination and with respect to all Eligible Mortgage Loans then subject to Transactions and, to the extent applicable, all Eligible Mortgage Loans proposed to be sold to the Purchaser as of such date of determination, the lesser of (i) 100% of the Principal Balance of all such Eligible Mortgage Loans as of such date of determination and (ii) the product of the applicable Purchase Price Percentage multiplied by the Market Value of all such Eligible Mortgage Loans.

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Asset Base has the meaning assigned thereto in the Pricing Side Letter.

Asset Base means, as of any date of determination, the aggregate Asset Base Components of all Purchased Loans transferred by Seller to Buyer hereunder as of such date.

Examples of Asset Base in a sentence

Such Borrower shall prepare and deliver to the Collateral Agent and the Administrative Agent on or before each Determination Date, an Asset Base Certificate as of the end of the immediately preceding fiscal month of such Borrower.
Both before and after giving effect to the Loan, no Asset Base Deficiency or Early Amortization Event with respect to such Borrower shall have occurred and be continuing unless, in each case, the Loan has been approved by each Lender.
The applicable Borrower shall have delivered to the Administrative Agent a duly completed and executed (i) Funding Notice in accordance with the terms of this Agreement and (ii) an Asset Base Certificate demonstrating that no Asset Base Deficiency with respect to such Borrower shall exist before and after the making of the requested Loan (which calculations shall give effect to any Eligible Containers to be acquired with the proceeds of such Loan).

More Definitions of Asset Base

Asset Base means, until Asset Base Date for such Series, the aggregate Capital Contributions of the Economic Members for such Series as of the end of each quarter and thereafter means such Series’ NAV at the end of each prior annual period (or such other period as determined by the Managing Member).

Asset Base has the meaning assigned to such term in Section 5.03(b)(ii)(B).

Asset Base. As of any date of determination, an amount equal to the sum, without duplication:

Asset Base means, as of any date of determination, an amount equal to the sum of (a) the product of (i) the Asset Base Allocation Percentage for Series 2017-VFN in effect on such date of determination, (ii) the Advance Rate in effect on such date of determination and (iii) the Aggregate Receivables Balance (measured as of such date of determination), plus (b) amounts on deposit in the Series 2017-VFN Series Account which are available for payment of principal on the Series 2017-VFN Notes on the following Payment Date on such date (after taking into account payments with senior priority), plus (c) an amount equal to the product of (x) the Asset Base Allocation Percentage for Series 2017-VFN in effect on such date of determination and (y) the amount of cash and Eligible Investments on deposit in the Excess Funding Account on such date of determination, plus (d) the aggregate amount of funds on deposit in the Collection Account on such date.

Asset Base. The total amount of assets held in the general account and any separate accounts of the CEDING COMPANY under all ACTIVE CONTRACTS.

Asset Base. As of any date of determination, an amount equal to the sum of (a) the product of (i) the Advance Rate times (ii) the sum of (A) the Aggregate Net Book Value, plus (B) up to the Receivables Threshold of receivables resulting from the sale or other disposition of one or more Eligible Containers that were either owned by the Issuer or subject to a Finance Lease for which the Issuer is the lessor, so long as such receivables were not outstanding for more than 60 days (measured from the issue date of such receivables), plus (b) the amount on deposit in the Restricted Cash Account, such amount to be determined after giving effect to all withdrawals from and deposits to the Restricted Cash Account on such date.

Asset Base means, as of any date of determination, the aggregate Collateral Value of all Purchased Assets.