8x NVIDIA H100 80GB PCIe (4U Enterprise PCIe Server) — Senior ABL Collateral & Liquidation Dossier
Borrowing-Base Eligibility Gate, LTV Tranche Covenants & ASA OLV/FLV Haircut Taxonomy · ECB EUR/USD 1.1130 (2026-10-29)
Equipment Lien & Remarketing Envelope
- Collateral Unit Specification
- 8× H100 PCIe (80 GB / GPU)
- Chassis & Fabric Topology
- 4U Dual-Socket PCIe Gen5 Server (No NVSwitch Baseboard)
- Peak Nameplate Power Draw
- 5.8 kW / node
- Borrowing-Base Gate Status
- INELIGIBLE_INSUFFICIENT_MARKET_EVIDENCE
- ASA OLV (90–180d) & FLV (30–60d) Factors
- Pro API (€149/mo) / €79 Pack
Collateral Component BOM Structural Split (Dollar Attribution in Pro)
GPU CARDS (82.0%)
Pro API / €79 Pack
82.0% structural collateral BOM weight
CPU RAM NVME (11.0%)
Pro API / €79 Pack
11.0% structural collateral BOM weight
ROCE NICS (7.0%)
Pro API / €79 Pack
7.0% structural collateral BOM weight
Senior ABL Tranche Advance & Covenant Stress Gate
Evaluates 4-node reference lot (32 GPUs, 18m age) across institutional LTV tranches (M-2026.10-r2)| Debt Tranche Structure | Target LTV (OLV) | Borrowing-Base Gate | Eligible Senior Advance | T4 Non-Credit Sensitivity | Underwriting Covenant Rule |
|---|---|---|---|---|---|
| Conservative Senior ABL | 45% | INELIGIBLE_INSUFFICIENT_MARKET_EVIDENCE | €0 (HALTED — n < 5 Comps) | Pro API / €79 Pack | First-lien equipment tranche; quarterly remarketing audit. |
| Standard Equipment Warehouse | 55% | INELIGIBLE_INSUFFICIENT_MARKET_EVIDENCE | €0 (HALTED — n < 5 Comps) | Pro API / €79 Pack | Standard institutional advance against verified OLV. |
| Stretch ABL Facility | 60% | INELIGIBLE_INSUFFICIENT_MARKET_EVIDENCE | €0 (HALTED — n < 5 Comps) | Pro API / €79 Pack | Requires cash dominion & verified commercial colocation SLA. |
| Unitranche / Mezzanine Cap | 70% | INELIGIBLE_INSUFFICIENT_MARKET_EVIDENCE | €0 (HALTED — n < 5 Comps) | Pro API / €79 Pack | Requires audited take-or-pay contract + DSCR >= 1.35x. |
5-Band Liquidation Recovery Taxonomy & Vintage Seasoning Matrix
0m OEM anchor & FMV gate public; secondary refurb asking & OLV/FLV dollar curves require Pro API or €79 Scenario Pack| Valuation / Liquidation Band | Single Node (EUR) | Single Node (USD) | Evidence Tier | Liquidation Window / Entitlement Note |
|---|---|---|---|---|
| New OEM / Channel Reference (0m) | €222,821 | $248,000 | T3_MARKET_BENCHMARK | Enterprise 4U 8x H100 PCIe Integrator Reference |
| Secondary Refurbished Asking | Pro API / €79 Pack | Pro API / €79 Pack | PRO_ENTITLEMENT_LOCKED | Unlock via Pro Compute API (€149/mo) or B2B Scenario Pack (€79). |
| Executed / Comp Secondary FMV | INSUFFICIENT_MARKET_EVIDENCE | INSUFFICIENT_MARKET_EVIDENCE | HALT_INSUFFICIENT_DATA | Insufficient fresh (<=60d) executed server-cluster comps (n=0 < 5 required threshold; 0 stale comps excluded). Component-only eBay data and modeled curves are excluded from FMV. |
| Orderly Liquidation Value (OLV, 90–180d) | Pro API / €79 Pack | Pro API / €79 Pack | PRO_ENTITLEMENT_LOCKED | Unlock via Pro Compute API (€149/mo) or B2B Scenario Pack (€79). |
| Forced Liquidation Value (FLV, 30–60d) | Pro API / €79 Pack | Pro API / €79 Pack | PRO_ENTITLEMENT_LOCKED | Unlock via Pro Compute API (€149/mo) or B2B Scenario Pack (€79). |
| Collateral Vintage Checkpoint | 0m OEM Anchor (EUR) | Executed FMV Gate | Modeled OLV / FLV Curve | Senior ABL Status |
|---|---|---|---|---|
| 0m — New OEM Delivery | €222,821 | INSUFFICIENT_MARKET_EVIDENCE | Pro API / €79 Pack | INELIGIBLE_INSUFFICIENT_MARKET_EVIDENCE |
| 12m — Year-1 Seasoned | Seasoned Decay | INSUFFICIENT_MARKET_EVIDENCE | Pro API / €79 Pack | INELIGIBLE_INSUFFICIENT_MARKET_EVIDENCE |
| 24m — Mid-Life Remarketing | Seasoned Decay | INSUFFICIENT_MARKET_EVIDENCE | Pro API / €79 Pack | INELIGIBLE_INSUFFICIENT_MARKET_EVIDENCE |
| 36m — Primary Term Exit | Seasoned Decay | INSUFFICIENT_MARKET_EVIDENCE | Pro API / €79 Pack | INELIGIBLE_INSUFFICIENT_MARKET_EVIDENCE |
| 48m — Secondary Tail | Seasoned Decay | INSUFFICIENT_MARKET_EVIDENCE | Pro API / €79 Pack | INELIGIBLE_INSUFFICIENT_MARKET_EVIDENCE |
Head-to-Head Senior ABL Collateral & EULA Comparisons
Side-by-side ASA 90–180d OLV, 30–60d FLV, n≥5 comp gates, and GeForce EULA exclusion analysesFacility Power, Colocation SLA & Debt DSCR Underwriting
Equipment recovery depends on energized rack power, thermal PUE, and verified take-or-pay cashflows
Downstream MW Power & DSCR Underwriting: Evaluating energized colocation tariffs (Eurostat X_VAT), Direct Liquid Cooling (PUE 1.12) vs. Air (PUE 1.38) grid draw, and contractual debt coverage for 8x NVIDIA H100 80GB PCIe (4U Enterprise PCIe Server)? Review DataCenterCredit.com Industrial Power & Credit Markets.
Equipment finance funds, warehouse lenders, and certified ITAD liquidators can book a verified 30-day B2B directory placement (€299.00 one-way) on /partners.