TFC BORROWING BASE

TFC BORROWING BASE. TFC BORROWING BASE" means, as of any date of determination, an amount equal to the lesser of (A) 80% of Market Value and (B)(I) the excess of (a) the Aggregate Principal Balance of the TFC Receivables (after giving effect to Available Funds allocable to principal payments made by Obligors) over (b) the Excess Concentration Amount for the CPS Receivables multiplied by (II) the Advance Rate applicable with respect to TFC Receivables; provided, however, that on... or after the occurrence of a TFC Funding Termination Event, the TFC Borrowing base shall equal zero. View More