Adjusted Borrowing Value

Example Definitions of "Adjusted Borrowing Value"
Adjusted Borrowing Value. Means for any Eligible Loan Asset, for any date of determination, an amount equal to the lowest of: (i) the Outstanding Balance of such Eligible Loan Asset at such time, (ii) the Advance Date Assigned Value of such Eligible Loan Asset multiplied by the Outstanding Balance of such Eligible Loan Asset at such time and (iii) the Assigned Value of such Eligible Loan Asset at such time multiplied by the Outstanding Balance of such Eligible Loan Asset at such time; provided that the parties hereby... agree that the Adjusted Borrowing Value of any Loan Asset that is no longer an Eligible Loan Asset shall be zero. Amounts in excess of (a) $12,500,000 with respect to each of any two (2) Obligors (including any Affiliate thereof), (b) $10,000,000 with respect to each of any two (2) additional Obligors (including any Affiliate thereof) and (c) $8,500,000 in all other instances shall not be included in the Adjusted Borrowing Value of the applicable Eligible Loan Assets. View More
Adjusted Borrowing Value. Means for For any Eligible Loan Asset, for any date of determination, an amount equal to the lowest of: (i) the Outstanding Balance of such Eligible Loan Asset at such time, (ii) the Advance Date Assigned Value of such Eligible Loan Asset multiplied by the Outstanding Balance of such Eligible Loan Asset at such time and (iii) the Assigned Value of such Eligible Loan Asset at such time multiplied by the Outstanding Balance of such Eligible Loan Asset at such time; provided that the parties... hereby agree that the Adjusted Borrowing Value of any Loan Asset that is no longer an Eligible Loan Asset shall be zero. Amounts in excess of (a) $12,500,000 $17,500,000 in the aggregate with respect to each of any two (2) Obligors (including any Affiliate thereof), (b) $10,000,000 $14,000,000 in the aggregate with respect to each of any two (2) additional Obligors (including any Affiliate thereof) and (c) $8,500,000 $11,000,000 in the aggregate for each Obligor in all other instances shall not be included in the Adjusted Borrowing Value of the applicable Eligible Loan Assets. View More
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