Adjusted Collateral Balance definition
Adjusted Collateral Balance means on any day, the sum of (i) the Aggregate Outstanding Principal Balance and (ii) the amount of cash and cash equivalents held in the Collection Account.
Adjusted Collateral Balance means on any day, the excess of (a) the sum of (i) the Aggregate Outstanding Principal Balance and (ii) the amount of cash and cash equivalents held in the Collection Account over (b) the sum of (i) the Excess Concentration Amount on such date and (ii) the Revolver Commitment Amount.
Adjusted Collateral Balance means, on any day, the amount by which (a) the sum of (i) the aggregate Outstanding Loan Balance of the Eligible Loans (excluding Defaulted Loans), (ii) the amount of cash and cash equivalents held in the Collection Account and the Pending Account less the sum of the aggregate accrued but unpaid Servicing Fee, Revolving Loan Funding Fee, Interest, Program Fee and Liquidity Commitment Fee; and (iii) the aggregate Revolver Loan Unfunded Commitment Amount exceeds (b) the Excess Concentration Amount on such date; provided, that for purposes of any calculations hereunder, the Outstanding Loan Balance of any Eligible Loan shall be reduced by 2.0% during the 60-day period following the date such Loan becomes a Transferred Loan.
More Definitions of Adjusted Collateral Balance
Adjusted Collateral Balance set forth in Section 1.1 of the Credit Agreement is hereby amended by adding the following new proviso at the end of such definition (and making the appropriate punctuation changes thereto): ; provided, however, that clause (a)(ii) of this definition shall not include any funds deposited from the Reserve Account into the Collection Account pursuant to Section 5.3(c) for the payment of any portion of the Required Taxable Net Income Distribution Amount.
Adjusted Collateral Balance means, on any day, the amount by which (a) the sum of (i) the aggregate Outstanding Loan Balance of the Eligible Loans (excluding Defaulted Loans and Current Pay Loans), (ii) the amount of cash and cash equivalents held in the custodial accounts less accrued but unpaid interest and fees and any senior expenses; (iii) the aggregate Revolver Loan Unfunded Commitment Amount and (iv) an amount equal to 70% of the Outstanding Loan Balance of each Current Pay Loan exceeds (b) the Excess Concentration Amount on such date; provided, that for purposes of any calculations hereunder, the Outstanding Loan Balance of any Eligible Loan shall be reduced by 2.0% during the 60-day period following the date such Loan becomes a Transferred Loan.
Adjusted Collateral Balance means, in respect of a Collateral Obligation, the product of: