Qualified Borrowing Base Assets definition

Qualified Borrowing Base Assets means, as of any date of determination, the set of then-existing Borrowing Base Assets which, in the aggregate, have an Occupancy Rate equal to or greater than seventy percent 70% and produce the greatest Aggregate Mortgageability Amount.
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Qualified Borrowing Base Assets means, as of any date of determination, the set of then-existing Borrowing Base Assets which, in the aggregate, have an Occupancy Rate equal to or greater than eighty percent 80% and produce the greatest Aggregate Mortgageability Amount.
Sample 1Sample 2Sample 3

Related to Qualified Borrowing Base Assets

  • Borrowing Base Amount means, as of any date, an amount equal to the sum of:

  • Qualified borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

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

  • Eligible Assets means property that is used or useful in the same or a similar line of business as the Borrower and its Subsidiaries were engaged in on the Closing Date (or any reasonable extension or expansions thereof).