Aggregate Adjusted Borrowing Value definition

Aggregate Adjusted Borrowing Value means, on any day, the Adjusted Borrowing Values of all Eligible Collateral Loans included as part of the Collateral on such date.

Aggregate Adjusted Borrowing Value means, as of any date of determination, (a) an amount equal to the sum of the Adjusted Borrowing Values of all Eligible Loan Assets included as part of the Collateral Portfolio on such date, after giving effect to all Eligible Loan Assets added to and removed from the Collateral Portfolio on such date minus (b) the Excess Concentration Amount.

Aggregate Adjusted Borrowing Value means, as of any date of determination, an amount equal to the sum of (i) the Adjusted Borrowing Values (measured as of the last day of the month immediately preceding such date of determination) of all Engines then owned by any WEST Group Member, and (ii), during the Replacement Period in respect of each Engine that was the subject of an Engine Disposition in respect of which the Controlling Trustees have elected to reinvest all or a portion of the Modified Net Sale Proceeds in a Replacement Exchange, *** Confidential information omitted pursuant to a request for confidential treatment filed separately with the Securities and Exchange Commission. the amount of the Modified Net Sale Proceeds to be so reinvested, provided, however, that, for purposes of calculating Maximum Borrowing Base, Senior Borrowing Base, Junior Borrowing Base and Appraisal Deficiency Amount, (x) the Adjusted Borrowing Values of the Engines described in clause (i) shall be reduced by the aggregate amount of the Reserve Engine Adjusted Borrowing Values as of the date of determination, and (y) if all or a portion of the Adjusted Base Value of the Engine that was the subject of an Engine Disposition described in clause (ii) consists of a Reserve Engine Adjusted Borrowing Value, only the Modified Net Sale Proceeds in excess of such Reserve Engine Adjusted Borrowing Value of such Engine as of the date of such Engine Disposition shall be taken into account for purposes of clause (ii).

Aggregate Adjusted Borrowing Value means, as of any date of determination, an amount equal to the sum of the Adjusted Borrowing Values of all Eligible Loan Assets included as part of the Collateral Portfolio on such date, after giving effect to all Eligible Loan Assets added to and removed from the Collateral Portfolio on such date. “Aggregate Unfunded Exposure Amount” means, as of any date of determination, the sum of the Unfunded Exposure Amounts of all Delayed Draw Loan Assets and all Revolving Loans included in the Collateral on such date. “Agreement” means this Loan and Servicing Agreement, as the same may be amended, restatedmodified, supplemented and/or otherwise modified, restated or replaced from time to time hereafter in accordance with the terms hereof. “Amortization Period” means the period commencing on the Commitment Termination Date and ending on the Collection Date. “Anti-Corruption Laws” means, collectively (a) the U.S. Foreign Corrupt Practices Act of 1977, (b) the UK Bribery Act 2010, and (c) any other applicable law, regulation, order, decree or directive having the force of law and relating to bribery or corruption. “Anti-Money Laundering Laws” means laws, regulations and sanctions, state and federal, criminal and civil that: (a) limit the use of and/or seek the forfeiture of proceeds from illegal transactions; (b) require identification and documentation of the parties with whom a financial institution conducts business; or (c) are designed to disrupt the flow of funds to terrorist organizations. Such laws, regulations and sanctions shall be deemed to include applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the Bank Secrecy Act, as amended by the Patriot Act, and the Money Laundering Control Act of 1986. including the laws relating to prevention and detection of money laundering under 18 USC Section 1956 and 1957. “Applicable Law” means for any Person all existing and future laws, rules, regulations, to the extent applicable to such Person or its property or assets, all statutes, treaties, codes, ordinances, permits, certificates, orders, licenses of and interpretations by any Governmental Authority applicable to such Person and applicable judgments, decrees, injunctions, writs, awards or orders of any court, arbitrator or other administrative, judicial, or quasi-judicial tribunal or agency of competent jurisdiction. “Applicable Benchmark Rate” means, with respect to any Loan, the ...

Aggregate Adjusted Borrowing Value means as of any date, the aggregate Adjusted Borrowing Value of all Eligible Loan Assets minus the Excess Concentration Amount on such date. For purposes of calculating the Aggregate Adjusted Borrowing Value, (a) any Eligible Loan Asset in respect of which the Borrower has entered into a binding and unconditional (other than standard conditions precedent) commitment to originate or acquire which has not yet settled shall be included for the purposes of such calculation, and (b) any Loan Asset in respect of which the Borrower has entered into a binding and unconditional (other than standard conditions precedent) commitment to sell which has not yet settled shall not be included for the purposes of such calculation and the Available Collections to be received from the sale of such Loan Asset shall be included in the calculation as if such sale had been completed.

Aggregate Adjusted Borrowing Value means, as of any date of determination, an amount equal to the sum of (i) the Adjusted Borrowing Values of all Engines then owned by any WEST Group Member (using the Adjusted Borrowing Values of such Engines as of the last day of the month immediately preceding such date of determination; provided that if any Engine has been acquired after the last day of such month but before or on such date of determination, the Initial Borrowing Value of such Engine shall be used in the determination), and (ii), during the Replacement Period in respect of each Engine that was the subject of an Engine Disposition in respect of which the Controlling Trustees have elected to reinvest all or a portion of the Modified Net Sale Proceeds in a Replacement Exchange, the amount of the Modified Net Sale Proceeds to be so reinvested, provided, however, that, for purposes of calculating Maximum Borrowing Base, Senior Borrowing Base, Junior Borrowing Base and Appraisal Deficiency Amount, (x) the Adjusted Borrowing Values of the Engines described in clause (i) shall be reduced by the aggregate amount of the Reserve Engine Adjusted Borrowing Values as of the date of determination, and (y) if all or a portion of the Adjusted Base Value of the Engine that was the subject of an Engine Disposition described in clause (ii) consists of a Reserve Engine Adjusted Borrowing Value, only the Modified Net Sale Proceeds in excess of such Reserve Engine Adjusted Borrowing Value of such Engine as of the date of such Engine Disposition shall be taken into account for purposes of clause (ii).

Aggregate Adjusted Borrowing Value means, as of any date of determination, an amount equal to the sum of (i) the Adjusted Borrowing Values (measured as of the last day of the month immediately preceding such date of determination) of all Engines then owned by any WEST Group Member that are subject to the Lien of a Mortgage, and (ii), during the Replacement Period in respect of each Engine that was the subject of an Engine Disposition in respect of which the Controlling Trustees have elected to reinvest all or a portion of the Disposition Proceeds in a Replacement Exchange, the amount of the Disposition Proceeds to be so invested.

Aggregate Adjusted Borrowing Value means, as of any date of determination, (a) an amount equal to (1) the sum of the Adjusted Borrowing Values of (x) all Eligible Loan Assets included as part of the Collateral and (y) any Eligible Loan Assets for which the Borrower has entered into a commitment to purchase that has not yet settled; but only for a period of fifteen (15) Business Days after the trade date therefor, in each case, on such date, minus (2) the sum of the Adjusted Borrowing Values of (x) all Eligible Loan Assets removed from the Collateral and (y) any Eligible Loan Assets for which the Borrower has entered into a commitment to sell that has not yet settled, in each case, on such date minus (b) the Excess Concentration Amount.

Aggregate Adjusted Borrowing Value means as of any date, the aggregate Adjusted Borrowing Value of all Eligible Loan Assets minus the Excess Concentration Amount on such date. For purposes of calculating the Aggregate Adjusted Borrowing Value,