Tranche D Borrowing Base definition
Tranche D Borrowing Base means at any date all Construction Loans ------------------------ made by the Companies to homebuilders which have been delivered to and held by the Collateral Agent or otherwise identified as "DEF Collateral" under the Security Agreement as collateral security for the Obligations.
Tranche D Borrowing Base means at any date all Eligible REO, Eligible Repurchased Defaulted Mortgages, Delinquent Loans, and Past Due Loans which have been delivered to and held by Agent or otherwise identified as Collateral.
Tranche D Borrowing Base. Eligible Expense Advance Receivable," "Eligible Foreclosure Claim Receivable," "Eligible P&I Advance Receivable," "Eligible Working Capital Receivables," "Eligible T&I Advance Receivables," "Expense Advance," "Foreclosure Claim Receivable," "P&I Advance," or "T&I Advance"; (b) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; and (c) no amendment, waiver or consent shall, unless in writing and signed by the Co-Agent, affect the rights or duties of the Co-Agent under this Agreement or any other Loan Document.
Examples of Tranche D Borrowing Base in a sentence
The aggregate principal amount of any Lender's Tranche D Loans at any time outstanding (after giving effect to the other transactions contemplated by the Borrowing Request pursuant, to which a Tranche D Loan is requested) shall not exceed the lesser of: (1) such Lender's Percentage Share of the Collateral Value of the Tranche D Borrowing Base or (2) such Lender's Percentage Share of the Tranche D Sublimit.
At no time shall the aggregate amount of all Tranche D Loans outstanding at any time exceed the lesser of (1) the Collateral Value of the Tranche D Borrowing Base and (2) the Tranche D Sublimit.
More Definitions of Tranche D Borrowing Base
Tranche D Borrowing Base means, at any time, all Eligible Working Capital Receivables pledged to the Servicing Collateral Agent, for the benefit of the Secured Parties, by the Borrower under the Servicing Security Agreement as collateral security for the Obligations hereunder.
Tranche D Borrowing Base means, at any time, all Eligible Gestation Mortgage Loans delivered to and held by Agent hereunder as collateral security for the Obligations.