Common use of Amount Financed Clause in Contracts

Amount Financed. Anything herein to the contrary notwithstanding, with respect to any Loans: (i) the aggregate principal amount of any Loan advanced shall not exceed the lowest of: (A) the product of the Advance Percentage and the Aircraft Purchase Price of the Eligible Aircraft being financed with the proceeds thereof; (B) the product of the Advance Percentage and the Maintenance Adjusted CMV of the Eligible Aircraft being financed with the proceeds thereof; and (C) the product of the Advance Percentage and the Maintenance Adjusted BV of the Eligible Aircraft being financed with the proceeds thereof; (ii) immediately after giving effect to such Loans, the aggregate outstanding principal amount of the Loans as of such date shall not exceed the Borrowing Base of the Portfolio; and (iii) the aggregate principal amount of all Loans of any Lender outstanding at any time shall not exceed such Lender’s Commitment and the aggregate principal amount of all Loans hereunder outstanding at any time shall not exceed the Maximum Loan Amount. Within such limits, the Borrower may borrow, repay and reborrow Loans during the Drawing Period. Following the Drawing Period, amounts repaid may not be reborrowed.

Amount Financed. Anything herein to the contrary notwithstanding, with respect to any LoansDrawing: (i) the aggregate principal amount of any Loan advanced Advance Amount shall not exceed the lowest of: (Ai) the product of the Advance Percentage 80% and the Aircraft Purchase Price of the Eligible Aircraft being financed with the proceeds thereof; (Bii) the product of the Advance Percentage and the Maintenance Adjusted CMV of the Eligible Aircraft being financed with the proceeds thereof; and (Ciii) the product of the Advance Percentage and the Maintenance Adjusted BV of the Eligible Aircraft being financed with the proceeds thereof; (ii) immediately after giving effect to such LoansDrawing, the aggregate outstanding principal amount of the Loans Drawings as of such date shall not exceed the Borrowing Base of the Portfolio; and (iii) the aggregate principal amount of all Loans Drawings of any Lender outstanding at any time shall not exceed such Lender’s Commitment and the aggregate principal amount of all Loans Drawings hereunder outstanding at any time shall not exceed the Maximum Loan Drawing Amount. Within such limits, the Borrower may borrow, repay and reborrow Loans during the Drawing Period. Following the Drawing Period, amounts repaid may not be reborrowed.