Tranche B Borrowing Base definition

Tranche B Borrowing Base means both such terms as defined herein and ---- --- such terms as defined in the Facility I Agreement), (C) the Collateral Value of the Tranche F Borrowing Base attributable to Foreclosure/Repurchase Loans of the type described in the proviso to the definition of "Foreclosure/Repurchase Loan", and (D) the Collateral Value of the Tranche D Borrowing Base attributable to Construction Loans of the type described in the second proviso to the definition of "Construction Loan" (or, if any such Construction Loan is nonconforming solely due to the sales price or construction cost of any single- family tract home to be constructed in connection therewith, the sales price or construction cost of such home), does not exceed $20,000,000, and (ii) the Collateral Value of the Tranche E Borrowing Base attributable to such a loan, when added to the Collateral Value of the Tranche E Borrowing Base attributable to all other such loans, does not exceed twenty percent (20%) of the Aggregate Tranche E Credit Limit.
Tranche B Borrowing Base at any time, the amount equal to:
Tranche B Borrowing Base means, at any time, an amount equal to the sum of (i) the amounts in the Principal Collection Subaccount, (ii) the product of (x) the Weighted Average Tranche B Advance Rate (excluding the portion of the Sale Settlement Pending Collateral allocable to Tranche B Collateral Loans from the calculation of the Weighted Average Tranche B Advance Rate) as of such date, (y) the Portfolio Advance Rate Adjustment as of such date and (z) the Aggregate Tranche B Net Collateral Balance as of such date (excluding the portion of the Sale Settlement Pending Collateral allocable to Tranche B Collateral Loans from the calculation of the Aggregate Tranche B Net Collateral Balance) and (iii) the aggregate sale price (expressed in Dollars) of the portion of the Sale Settlement Pending Collateral allocable to Tranche B Collateral Loans.

Examples of Tranche B Borrowing Base in a sentence

  • Aggregate Borrowing Base, Tranche A Borrowing Base and Tranche B Borrowing Base calculations shall be consistent with historical methods of valuation and calculation, and otherwise satisfactory to Agent (and not necessarily calculated in accordance with GAAP).

  • The Company shall furnish to the Administrative Agent any information that the Administrative Agent may reasonably request regarding the determination and calculation of the Tranche A Borrowing Base or the Tranche B Borrowing Base including correct and complete copies of any invoices, underlying agreements, instruments or other documents and the identity of all Account Debtors in respect of the Accounts referred to therein.

  • Aggregate Borrowing Base: on any date of determination, the sum of the Tranche A Borrowing Base, plus the Tranche B Borrowing Base, minus the Accounts Reserve, minus the Inventory Reserve, minus the Availability Reserve, minus the Bank Product Reserve, provided, however, that no Reserve shall be duplicative of any factor to the extent that it is already reflected in the calculation of the Aggregate Borrowing Base, Tranche A Borrowing Base and/or Tranche B Borrowing Base.

  • Borrowing Base Certificate: a certificate, in form and substance reasonably satisfactory to Agent, by which Borrower certifies calculation of the Tranche A Borrowing Base, Tranche B Borrowing Base and Aggregate Borrowing Base.

  • All calculations of Value, fundings of Loans, issuances of Letters of Credit and payments of Obligations shall be in Dollars and, unless the context otherwise requires, all determinations (including calculations of the Aggregate Borrowing Base, Tranche A Borrowing Base, Tranche B Borrowing Base and financial covenants) made from time to time under the Loan Documents shall be made in light of the circumstances existing at such time.


More Definitions of Tranche B Borrowing Base

Tranche B Borrowing Base means, as of any date of determination, the sum of:
Tranche B Borrowing Base means at any date all Eligible A/B Mortgage ------------------------ Loans purchased by CWM or Indy Mac pursuant to the programs and procedures described in the Indy Mac Seller-Servicer Guide which have been delivered to and held by the Collateral Agent or otherwise identified as "A/B Collateral" under the Security Agreement as collateral security for the Obligations and which have not been designated by the Companies to be included in the Tranche A Borrowing Base. "Tranche B Corporate Rate Loans" shall mean Tranche B Loans at such times ------------------------------ as they are bearing interest at the Applicable Corporate Rate or at a rate specified pursuant to Paragraph 7(u) hereof.
Tranche B Borrowing Base means, at any time of calculation, an amount equal to:
Tranche B Borrowing Base means, as of any date of determination by Agents, from time to time, an amount equal to the sum at such time of:
Tranche B Borrowing Base. The aggregate of the following:
Tranche B Borrowing Base means, at any time, (a) 5% of the Value of Eligible Receivables of the U.S. Borrowers, plus (b) 7.510.0% of the Net Orderly Liquidation Value of each of the Eligible Tire Inventory and the Eligible Non-Tire Inventory of the U.S. Borrowers, minus (c) without duplication, the then amount of all Availability Reserves and other Reserves as the Agent may at any time and from time to time in the exercise of its Permitted Discretion establish or modify in accordance with the provisions of Section 2.22. The Tranche B Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Agent pursuant to Section 5.01(h) and adjusted by the Agent in the exercise of its Permitted Discretion and in accordance with Section 2.22 based upon additional information, if any, received after the date of delivery of such Borrowing Base Certificate. With respect to any Borrowing Base Certificate delivered pursuant to the final proviso at the end of Section 5.01(h), the Tranche B Borrowing Base shall be calculated immediately after giving effect to the applicable acquisition, subject, in each case, to the requirements of the last paragraph of Section 6.04. Notwithstanding anything to the contrary set forth herein, no Borrowing Base Assets of Hercules Tire or any Anticipated 2014 Target shall be included in the calculation of the Tranche B Borrowing Base unless and until a field examination and inventory appraisal with respect to Hercules Tire or such Anticipated 2014 Target, as applicable, and its assets has been delivered to Administrative Agent, all of which shall be in form and substance satisfactory to Administrative Agent.
Tranche B Borrowing Base means, the sum of (a) 50% of the Fair Market Value of all MDS Shares held in the Custody Account plus (b) an amount equal to the difference between the Tranche A Borrowing Base and the Tranche A LC Obligations.