Portfolio Covenants definition

Portfolio Covenants means collectively the covenants set out in Condition 1.1 of this Annexure 3;
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Portfolio Covenants. So long as the SPV Credit Agreement is in effect, the Borrower shall not violate the following performance measurements, in each case to be determined on a monthly basis as of the last calendar day of any calendar month following the Closing Date and calculated on the first Determination Date occurring after such last calendar day of such calendar month (and based on the information for the preceding calendar month or months, as applicable, set forth in any Monthly Servicing Report related to such Determination Date):
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Portfolio Covenants means, as of any date of determination, the Principal Payment Ratio, the Principal Default Ratio, the Principal Delinquency Ratio, the Excess Spread Ratio and/or the Adjusted Excess Spread Ratio, as the context may require.
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Examples of Portfolio Covenants in a sentence

  • Portfolio Covenants The criteria that the Portfolio of Participating Assets mustsatisfy immediately following the acquisition of a Participating Asset (including an Additional Participating Asset) and/or the repurchase or substitution of any Participating Asset in terms of the Sale Agreement and/or after a Re-advance and/or Further Advance is made by the Issuer, as set out in the most recent Applicable Pricing Supplement.

  • Portfolio Covenants 81.1 The weighted average current LTV Ratio must not exceed 65%.

  • The Issuer may purchase such Participating Assets provided that (i) they meet the Eligibility Criteria, (ii) following such acquisition the Portfolio Covenants will be satisfied, and (iii) an un-remedied Stop-Purchase Event has not occurred.

  • For the purpose of determining priority of this lien over all other claims or liens which are or have been filed against the property of an owner or operator of a refinery, storage, transfer, or pipeline facility, the lien on the facility to which the discharged hazardous substance was en route shall have priority over all other claims or liens which are or have been filed against the property.

  • Africa Frontier Capital, as Calculation Agent, will, inter alia, approve the Priority of Payments, monitor the Financial Covenants, Portfolio Covenants and perform such calculation duties as referred to in the Terms and Conditions and the other Transaction Documents.

  • Portfolio Covenants The Seller shall give the following covenants in relation to the Portfolio (excluding the Defaulted Loans) which shall be satisfied on a portfolio basis throughout the Revolving Period, provided that Defaulted Loans shall not be taken into consideration in determining whether the Portfolio Covenants are satisfied.

  • Permit HTGC, on a consolidated basis with its Subsidiaries, to fail to maintain, as measured on the last day of each of its fiscal months, an aggregate amount of unrestricted cash balances and borrowing availability under committed lines of credit that is greater than or equal to seventy-five percent (75%) of the aggregate amount of unfunded commitments of Borrower to the makers of Notes Receivable.7.17 Certain Borrower and HTGC Portfolio Covenants.

  • The Seller has the right, but not the obligation, to replace a Performing Asset with another Eligible Asset(s) of equivalent credit quality provided that such Eligible Asset(s) will, after replacement, comply with the Portfolio Covenants and provided further that the Replacement Asset (as defined in the Sale Agreement) has the same rate of interest as the Predecessor Asset (as defined in the Sale Agreement).

  • BMW Finance, as Originator, sold the Initial Participating Assets on the First Transfer Date complying with the Eligibility Criteria and the Portfolio Covenants, to the Issuer.

  • The Seller has the right, but not the obligation, to replace a Performing Asset with another Eligible Asset(s) of equivalent credit quality provided that the Portfolio Covenants are satisfied after replacement of such Performing Asset with the Eligible Asset.


More Definitions of Portfolio Covenants

Portfolio Covenants. The "Maximum Delinquency Measurement" set forth in Exhibit 13.6 of the Agreement is hereby amended as follows: "Maximum Delinquency Measurement: Fiscal 1998
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Related to Portfolio Covenants

  • Affirmative Covenants The following affirmative covenants, among others, if any, to be negotiated in the Senior Facilities Documentation, will apply (to be applicable to the Borrower and its restricted subsidiaries), subject to customary (consistent with the Documentation Precedent) and other baskets, exceptions and qualifications to be agreed upon: maintenance of corporate existence and rights; performance and payment of obligations; delivery of annual and quarterly consolidated financial statements (accompanied by customary management discussion and analysis and (annually) by an audit opinion from nationally recognized auditors that is not subject to any qualification as to scope of such audit or going concern) (other than solely with respect to, or resulting solely from an upcoming maturity date under any series of indebtedness occurring within one year from the time such opinion is delivered) (with extended time periods to be agreed for delivery of the first annual and certain quarterly financial statements to be delivered after the Closing Date) and an annual budget (it being understood that the public REIT reporting that includes the Borrower shall satisfy the Borrower’s reporting obligations so long as it includes a consolidating income statement and balance sheet for the Borrower); delivery of notices of default and material adverse litigation, ERISA events and material adverse change; maintenance of properties in good working order; maintenance of books and records; maintenance of customary insurance; commercially reasonable efforts to maintain ratings (but not a specific rating); compliance with laws; inspection of books and properties; environmental; additional guarantors and additional collateral (subject to limitations set forth under the captions “Guarantees” and “Security”); further assurances in respect of collateral matters; use of proceeds; and payment of taxes.

  • Negative Covenants The Postpetition Financing Documents shall contain negative covenants of the Borrower acceptable to the Lender.

  • Maintenance Covenant A covenant by any borrower to comply with one or more financial covenants (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement) during each reporting period, that exists regardless of whether or not such borrower has taken any specified action and includes a covenant that applies only when the related loan is funded.

  • Financial Performance Covenants means the covenants of the Borrower set forth in Sections 6.10 and 6.11.

  • Covenants means the covenants set forth in Section 4 of this Agreement. To acknowledge your agreement to and acceptance of the terms and conditions of this Agreement, please sign below in the space provided within five (5) days of the date of this Agreement and return a singed copy to my attention. If the Agreement is not signed and returned within (5) days, the terms and conditions of this Agreement will be deemed withdrawn. Sincerely, MEDQUIST INC. By: /s/ Xxxx Xxxxxxx Xxxx Xxxxxxx, President Accepted and Agreed: /s/ Xxxxx X. Xxxxxxx Xxxxx X. Xxxxxxx

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Covenant Trigger Period means the period (a) commencing on the day that (i) an Event of Default occurs or (ii) Availability is less than the greater of (x) 10% of Available Credit and (y) $20,000,000 and (b) continuing until, at all times thereafter for a period of 30 consecutive days during which, (i) no Event of Default exists and (ii) Availability shall have been not less than the greater of (x) 10% of Available Credit and (y) $20,000,000.

  • Portfolio Companies means any Person in which any Fund owns or has made, directly or indirectly, an investment.

  • Financial Covenant Default has the meaning assigned to such term in Section 8.01(6).

  • Financial Covenant has the meaning specified in Section 7.08.

  • Suspended Covenants has the meaning assigned to such term in Section 4.19.

  • Transfer fee covenant means a declaration or covenant purporting to affect real property which requires or purports to require the payment of a transfer fee to the declarant or other person specified in the covenant or declaration, or to their successors or assigns, upon a subsequent transfer of an interest in the real property.

  • Financial Covenants means the covenants set forth in Section 6.2.

  • Qualified portfolio company means a company that (i) has its principal place of business in the

  • Incurrence Covenant A covenant by any borrower to comply with one or more financial covenants only upon the occurrence of certain actions of the borrower, including a debt issuance, dividend payment, share purchase, merger, acquisition or divestiture.

  • Non-Performing High Yield Securities means High Yield Securities other than Performing High Yield Securities.

  • Financial Performance Covenant means the covenant set forth in Section 6.10.

  • Portfolio Company means the issuer or obligor under any Portfolio Investment held by any Obligor.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Previously Absent Financial Maintenance Covenant means, at any time, any financial maintenance covenant that is not included in the Loan Documents at such time.

  • Mortgage Loan Event of Default means an “Event of Default” as defined in the Mortgage Loan Agreement.

  • Financing Period means the number of calendar days from, but excluding, the immediately preceding Reset Date to, and including, the current Reset Date.

  • Non-Performing Mezzanine Investments means Mezzanine Investments other than Performing Mezzanine Investments.

  • Financial Covenant Debt of any Person means Indebtedness of the type specified in clauses (a), (b), (d), (e), (f) and (h) of the definition of “Indebtedness,” non-contingent obligations of the type specified in clause (c) of such definition and Guaranty Obligations of any of the foregoing.

  • Waiver Period ’ means, for each applicable fee, the period of time from the initial effective date of the MIAX Emerald Fee Schedule until such time that the Exchange has an effective fee filing establishing the applicable fee. The Exchange will issue a Regulatory Circular announcing the establishment of an applicable fee that was subject to a Waiver Period at least fifteen (15) days prior

  • Covenant Suspension Event has the meaning set forth in Section 4.18.