Facility Leverage Sample Clauses

Facility Leverage. The Manager shall not purchase any Eligible Debt if, after giving effect to such purchase: The PMCCF Equity Usage exceeds the Total UST Equity Allocated to the Facility. For the purposes of the foregoing computation: “PMCCF Equity Usage” means the sum of: (A) Total Facility Purchase Amounts of Outstanding Eligible IG Debt times 10% (1/10); plus (B) Total Facility Purchase Amounts of Outstanding Eligible HY Debt times 14.29% (1/7).