Maximum Borrowing Value definition

Maximum Borrowing Value means, at any time with respect to the Borrower’s assets constituting (i) Margin Stock, the “current market value” (within the meaning of Regulation U) thereof at such time, and (ii) Non-Margin Assets, the “good faith loan value” (within the meaning of Regulation U) thereof at such time.
View Source
Maximum Borrowing Value means, at any time with respect to each Borrower’s assets constituting (a) Margin Stock, the “current market value” (within the meaning of Regulation U) thereof at such time, and (b) Non-Margin Assets, the “good faith loan value” (within the meaning of Regulation U) thereof at such time, provided that, with respect to each Non-Margin Asset, until such time, if any, as the Bank shall have notified the Borrowers in writing of the Bank’s reasonable determination of the good faith loan value of such Non-Margin Asset, the Borrowers may assume that the good faith loan value of such Non-Margin Asset is equal to 85% of the book value thereof.
View Source

Related to Maximum Borrowing Value

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.