Class A Borrowing Base definition
Class A Borrowing Base means, as of any day, an amount equal to the lesser of:
Class A Borrowing Base means, as of any date of determination, an amount equal to the product of (i) the Eligible Pool Balance and (ii) the Class A Advance Rate.
Class A Borrowing Base means, as of any date of determination, the product of (i) the Borrowing Base as of such date and (ii) the applicable amount set forth in Column D of Schedule XII hereto.
Examples of Class A Borrowing Base in a sentence
Funds must be added to the Collection Account (including via contributions from holders of the Subordinated Notes) to account for the related decrease in the Class A Borrowing Base and Aggregate Borrowing Base ahead of any reinvestments or distributions to holders of Subordinated Notes.
More Definitions of Class A Borrowing Base
Class A Borrowing Base means, as of any date of determination, with respect to all Collateral Receivables, the sum of the Class A Borrowing Base Amounts of all such Collateral Receivables.
Class A Borrowing Base. With respect to any date of determination, the sum of (a) the product of the Class A Advance Rate multiplied by the Adjusted Pool Balance excluding Current Cash Balances therefrom (for any Payment Date, as of the last day of the related Determination Date) and (b) Current Cash Balances.
Class A Borrowing Base. “Total Borrowing Base”, “Class A Borrowing Base Deficiency”, “Total Borrowing Base Deficiency”, “Annualized Charge-off Ratio”, “Concentration Limits”, “Level I Trigger Event”, “Level II Trigger Event”, “Level III Trigger Event”, “Class A Monthly Principal Amount”, “Class B Monthly Principal Amount”, “Total Required Collateralization Percentage”, “Reserve Account Required Amount”, “Senior Interest” or “Subordinate Interest”.
Class A Borrowing Base means, as of any date of determination, the amount equal to (a) the aggregate sum of the products of (x) the applicable Class A Advance Rate for each Aircraft then in the Borrower’s Portfolio, and (y) the Adjusted Borrowing Value of such Aircraft as of such date, plus (b) the portion allocable to Class A Advances, of unreleased Advance proceeds held in the Borrower Funding Account pending release to the Borrower during the Holding Period, or repayment to the Lenders immediately following the Holding Period.
Class A Borrowing Base means, on any day, the excess, if any, of (a) the sum of (i) the Aggregate Principal Balance of all Eligible Receivables on such day minus (ii) the Excluded Receivables Balance on such day plus (iii) the amount on deposit in the Collateral Account on such day plus (iv) (without duplication) the amount of principal collections on deposit in the Collection Account on such day over (b) the sum of (i) the Class A Required Note Enhancement and (ii) the Class A Swingline Allocation.
Class A Borrowing Base. As of any Measurement Date, an amount equal to the lesser of:
Class A Borrowing Base means, as of any date of determination, an amount equal to the sum of (a) the product of (i) sum of the Eligible Pool Balance and (ii) the Class A Advance Rate and (b) all amounts on deposit in the Collection Account as of such date of determination in excess of the product of (i) [***] and (ii) all amounts sufficient to make all payments required to be made pursuant to clauses (i), (ii), (iii) and (v) of Section 2.08(a) on the Payment Date immediately following such date of determination.