Borrowing Value definition

Borrowing Value means, as of any date, the sum of the products obtained by multiplying (i) the Value of each Portfolio Investment in the Borrowing Base and (ii) the applicable Advance Rate for such Portfolio Investment. With respect to any limitation set forth in Section 5.13 that is based on Borrowing Value, such Borrowing Value shall be determined after giving effect to the portfolio limitations and valuation criteria specified in Section 5.13 (other than any adjustment required pursuant to paragraphs (d), (e) and (h) thereof). For the avoidance of doubt, (a) to avoid double-counting of excess concentrations, any Advance Rate reductions set forth in Section 5.13 shall be without duplication of any other such Advance Rate reductions and (b) to the extent the Borrowing Value is required to be reduced to comply with Section 5.13, the Borrower shall be permitted to choose the Portfolio Investments to be excluded from the Borrowing Value to effect such reduction.
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Borrowing Value means, as of any date, the sum of the products obtained by multiplying (i) the Value of each Portfolio Investment in the Borrowing Base and (ii) the applicable Advance Rate for such Portfolio Investment. With respect to any limitation set forth in Section 5.13 that is based on Borrowing Value, such Borrowing Value shall be determined after giving effect to the portfolio limitations and valuation criteria specified in Section 5.13 (other than any adjustment required pursuant to paragraphs (d), (e), (h) and (i) thereof). For the avoidance of doubt, (a) to avoid double-counting of excess concentrations, any Advance Rate reductions set forth in Section 5.13 shall be without duplication of any other such Advance Rate reductions and (b) to the extent the Borrowing Value is required to be reduced to comply with Section 5.13, the Borrower shall be permitted to choose the Portfolio Investments to be excluded from the Borrowing Value to effect such reduction.
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Borrowing Value means as of any date of determination, (a) prior to the satisfaction of the Appraisal Condition, (i) the aggregate Adjusted NOI for the Borrowing Base Properties divided by (ii) the Capitalization Rate, and (b) at all times after the initial satisfaction of the Appraisal Condition, the aggregate Appraised Value of the Borrowing Base Properties.
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Examples of Borrowing Value in a sentence

  • Collateral in accordance with section 11.1 must be provided not later than the time agreed upon for delivery of the relevant Securities Loan at a Borrowing Value equal to and not less than the applicable Collateral Requirement.

  • It is the responsibility of the Credit Client to keep itself regularly informed of the Collateral Requirement and Borrowing Value which are from time to time applicable in respect of collateral provided.

  • The Borrowing Value shall be the value which PSAB applies from time to time.

  • Where the total Borrowing Value of the collateral provided by the Credit Client pursuant to the Credit Agreement is less than the Collateral Requirement, the Credit Client shall, without delay and without demand, provide supplemental collateral sufficient to fulfil the Collateral Requirement.

  • If θ = 1, B can either Haircut = 1 − .7 Amount of Borrowing Value of Collateral‌8The binary permission is without loss of generality.

  • In the event that the aggregate Borrowing Value of the Pledged Property provided by the BA/IF as collateral is less than the Collateral Requirement as per the preceding paragraph, the BA/IF shall provide additional collateral without delay so that the aggregate Borrowing Value is no longer less than the aggregate Collateral Requirement.

  • The term does not include meeting halls, social halls, social rooms, lounges or any other facility not directly related to firefighting or the furnishing of ambulance or rescue services.Final Report--The report to be filed as provided in Section 6 of these Guidelines by the Fire Company or Emergency Medical services detailing the expenditure of the funds granted.

  • You can find such package identifier and additional information on each ontology by clicking on the links from the list above.Do not hesitate to contact us if you want your ontology to be shipped with SimPhoNy.

  • In the event that the aggregate Borrowing Value of the Pledged Property provided by the BA/IF exceeds the aggregate Collateral Requirement, the BA/IF shall be entitled to recover the Pledged Property so that the aggregate Borrowing Value no longer exceeds the aggregate Collateral Requirement.

  • If the total Borrowing Value of the collateral provided by the Client pursuant to the Master Agreement is less than the Collateral Requirement, the Client shall immediately and without request provide additional collateral sufficient to fulfil the Collateral Requirement.


More Definitions of Borrowing Value

Borrowing Value. The value attributed to collateral in accordance with section 3, penultimate paragraph.
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Borrowing Value means, with respect to any Asset at any time, an amount equal to 50% of the Fair Market Value of such Asset at such time.
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Borrowing Value means, as of any date, the sum of the products obtained by multiplying (i) the Value of each Portfolio Investment in the Borrowing Base and (ii) the applicable Advance Rate for such Portfolio Investment. With respect to any limitation set forth in Section 5.13 that is based on Borrowing Value, such Borrowing Value shall be determined after giving effect to the portfolio limitations and valuation criteria specified in Section 5.13 (other than any adjustment required pursuant to paragraphs (d) and (e) thereof).
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Borrowing Value means as of any date of determination, the aggregate Appraised Value of the Borrowing Base Properties.
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Related to Borrowing Value

  • Adjusted Borrowing Value means, on any date of determination, (i) for any Eligible Loan Asset, an amount equal to the Assigned Value of such Eligible Loan Asset at such time, multiplied by the Outstanding Balance of such Eligible Loan Asset at such time and (ii) for any Loan Asset that is not an Eligible Loan Asset, zero.

  • Borrowing Base Value means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.

  • Ending Value means the average of the values of the Basket at the close of the market on five business days shortly before the maturity date of the Notes. We may calculate the Ending Value by reference to fewer than five or even a single day's closing value if, during the period shortly before the maturity date of the Notes, there is a disruption in the trading of a sufficient number of stocks included in any Basket Index or certain futures or options contracts relating to a Basket Index.

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

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

  • Closing Value means, as of a particular date, the value of a Share determined by the closing sales price for such Share (or the closing bid, if no sales were reported) as quoted on The New York Stock Exchange for the last market trading day prior to the date of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable.

  • 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.

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

  • Canadian Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication:

  • Carrying Value means (a) with respect to a Contributed Property, the Agreed Value of such property reduced (but not below zero) by all depreciation, amortization and cost recovery deductions charged to the Partners’ and Assignees’ Capital Accounts in respect of such Contributed Property, and (b) with respect to any other Partnership property, the adjusted basis of such property for federal income tax purposes, all as of the time of determination. The Carrying Value of any property shall be adjusted from time to time in accordance with Sections 5.5(d)(i) and 5.5(d)(ii) and to reflect changes, additions or other adjustments to the Carrying Value for dispositions and acquisitions of Partnership properties, as deemed appropriate by the General Partner.

  • borrowing rate means the interest rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit drawn down;

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • Heating Value means the heat released by combustion of one pound of waste or fuel measured in Btu on an as received basis. For solid fuels, the heating value shall be determined by use of ASTM Standard D2015-66.

  • Reference Value means the last reported sales price of the shares of Common Stock for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • Base Value With respect to any Mortgage Loan for which Additional Collateral has been pledged, the value of the Additional Collateral as determined with respect to that Mortgage Loan in accordance with the applicable underwriting guidelines.

  • Eurodollar Reserve Percentage means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The Eurodollar Rate for each outstanding Eurodollar Rate Loan shall be adjusted automatically as of the effective date of any change in the Eurodollar Reserve Percentage.

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

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

  • Euro-Dollar Reserve Percentage has the meaning set forth in Section 2.06(c).

  • Borrowing Base Amount means:

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

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

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

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

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.