Class 3B Borrowing Base definition
Class 3B Borrowing Base means, at any time, an amount equal to the sum of (i) the Dollar Equivalent of the amounts in the Principal Collection Subaccount, (ii) the Dollar Equivalent of the amounts in the Trust Account, (iii) the product of (x) the Weighted Average Class 3B Advance Rate (excluding the Sale Settlement Pending Collateral for the Class 3B Loans from the calculation of the Weighted Average Class 3B Advance Rate) as of such date, (y) the Portfolio Advance Rate Adjustment as of such date and (z) the Aggregate Class 3B Net Collateral Balance as of such date (excluding the Sale Settlement Pending Collateral for the Class 3B Loans from the calculation of the Aggregate Class 3B Net Collateral Balance) and (iv) the Dollar Equivalent of the aggregate sale price of any Sale Settlement Pending Collateral for the Class 3B Loans.
Class 3B Borrowing Base means, at any time, an amount equal to the sum of (i) the Dollar Equivalent of the amounts in the Principal Collection Subaccount, (ii) the product of (x) the Weighted Average Class 3B Advance Rate (excluding the Sale Settlement Pending Collateral for the Class 3B Loans from the calculation of the Weighted Average Class 3B Advance Rate) as of such date, (y) the Portfolio Advance Rate Adjustment as of such date and (z) the Aggregate Class 3B Net Collateral Balance as of such date (excluding the Sale Settlement Pending Collateral for the Class 3B Loans from the calculation of the Aggregate Class 3B Net Collateral Balance) and (iii) the Dollar Equivalent of the aggregate sale price of any Sale Settlement Pending Collateral for the Class 3B Loans.