{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "measurement-date", "type": "clause", "offset": [10, 26]}, {"key": "sum-of", "type": "clause", "offset": [32, 38]}, {"key": "in-the-case", "type": "clause", "offset": [44, 55]}, {"key": "floating-rate-obligation", "type": "definition", "offset": [64, 88]}, {"key": "defaulted-obligation", "type": "clause", "offset": [103, 123]}, {"key": "reference-rate", "type": "definition", "offset": [164, 178]}, {"key": "applicable-to", "type": "clause", "offset": [268, 281]}, {"key": "floating-rate-debt", "type": "clause", "offset": [286, 304]}, {"key": "permitted-deferrable-obligation", "type": "definition", "offset": [325, 356]}, {"key": "the-excess", "type": "clause", "offset": [363, 373]}, {"key": "cash-pay-interest", "type": "definition", "offset": [398, 415]}, {"key": "required-by", "type": "definition", "offset": [416, 427]}, {"key": "underlying-documents", "type": "definition", "offset": [432, 452]}, {"key": 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For purposes of calculating the Aggregate Funded Spread, (i) such calculation shall exclude any Delinquent Obligation until the obligor thereof has resumed the payment of cash interest in cash and (ii) the stated interest rate of a Collateral Obligation will be excluded from such calculation to the extent the Issuer or the Collateral Manager has actual knowledge that such payment of interest will not be made by the obligor thereof during the applicable period.", "samples": [{"hash": "l31cVIPXTAm", "uri": "/contracts/l31cVIPXTAm#aggregate-funded-spread", "label": "Indenture (Monroe Capital Income Plus Corp)", "score": 35.9048614502, "published": true}, {"hash": "fZS8r5BMZIX", "uri": "/contracts/fZS8r5BMZIX#aggregate-funded-spread", "label": "Indenture (Monroe Capital Income Plus Corp)", "score": 32.7193717957, "published": true}], "size": 9, "hash": "72be27c1f2898741c18e9cc274008614", "id": 6}, {"snippet_links": [{"key": "collateral-loans", "type": "definition", "offset": [49, 65]}, {"key": "in-the-case", "type": "clause", "offset": [71, 82]}, {"key": "eligible-collateral-loan", "type": "definition", "offset": [91, 115]}, {"key": "london-interbank-offered-rate", "type": "clause", "offset": [177, 206]}, {"key": "interest-rate-spread", "type": "definition", "offset": [236, 256]}, {"key": "principal-balance", "type": "definition", "offset": [296, 313]}, {"key": "provided-that", "type": "clause", "offset": [348, 361]}, {"key": "with-respect-to", "type": "clause", "offset": [363, 378]}, {"key": "floor-obligation", "type": "definition", "offset": [383, 399]}, {"key": "equal-to", "type": "definition", "offset": [504, 512]}, {"key": "sum-of", "type": "clause", "offset": [517, 523]}, {"key": "the-excess", "type": "clause", "offset": [584, 594]}, {"key": "relating-to", "type": "definition", "offset": [634, 645]}, {"key": "libor-rate", "type": "clause", "offset": [676, 686]}, {"key": "in-effect", "type": "definition", "offset": [690, 699]}], "snippet": "means, as of any date, the sum (for all Eligible Collateral Loans) of, in the case of each Eligible Collateral Loan that bears interest at a spread over an index (including any London interbank offered rate based index), (i) the stated interest rate spread over such index multiplied by (ii) the Principal Balance of such Eligible Collateral Loan; provided that, with respect to any Floor Obligation, the stated interest rate spread on such Eligible Collateral Loan over such index shall be deemed to be equal to the sum of (x) the stated interest rate spread over such index and (y) the excess, if any, of the specified \u201cfloor\u201d rate relating to such Collateral Loan over the LIBOR Rate as in effect.", "samples": [{"hash": "67EB0L4ekFH", "uri": "/contracts/67EB0L4ekFH#aggregate-funded-spread", "label": "Credit and Security Agreement (CION Investment Corp)", "score": 30.2101306915, "published": true}, {"hash": "dy4vPnKDimV", "uri": "/contracts/dy4vPnKDimV#aggregate-funded-spread", "label": "Credit and Security Agreement (CION Investment Corp)", "score": 28.2553043365, "published": true}], "size": 6, "hash": "20960316ee5b71239bbdc7bf0a8b8f6f", "id": 7}, {"snippet_links": [{"key": "measurement-date", "type": "clause", "offset": [17, 33]}, {"key": "sum-of", "type": "clause", "offset": [39, 45]}], "snippet": "means, as of any Measurement Date, the sum of:", "samples": [{"hash": "gdp3n5rYaZH", "uri": "https://docs.publicnow.com/viewDoc?filename=197192%5CEXT%5C44DCCD1AE0C43DE6F3E9FBCF4042FB60656CCB8C_CA5BF609855C1D495003ECBE8B1291C2BEFB2E28.PDF", "label": "Amended and Restated Indenture", "score": 23.1561183929, "published": false}, {"hash": "5pYkRRF4sJC", "uri": "https://www.rns-pdf.londonstockexchange.com/rns/6001U_-2017-10-25.pdf", "label": "Notice", "score": 13.0369606018, "published": false}, {"hash": "d3nSc7HLfBT", "uri": "https://www.ise.ie/debt_documents/Stoney%20Lane%20Funding%20I%20Ltd._7672.pdf", "label": "www.ise.ie", "score": 5.0, "published": false}], "size": 5, "hash": "09ff9b3ccda94d50d6d3f9ff32482972", "id": 8}, {"snippet_links": [{"key": "sum-of", "type": "clause", "offset": [20, 26]}, {"key": "in-the-case", "type": "clause", "offset": [32, 43]}, {"key": "floating-rate-obligation", "type": "definition", "offset": [52, 76]}, {"key": "pik-loan", "type": "definition", "offset": [92, 100]}, {"key": "the-definition", "type": "definition", "offset": [182, 196]}, {"key": "to-the-extent", "type": "clause", "offset": [206, 219]}, {"key": "any-non", "type": "clause", "offset": [223, 230]}, {"key": "cash-interest", "type": "definition", "offset": [231, 244]}, {"key": "unfunded-portion", "type": "definition", "offset": [263, 279]}, {"key": "delayed-drawdown-collateral-obligation", "type": "definition", "offset": [287, 325]}, {"key": "revolving-collateral-obligation", "type": "definition", "offset": [334, 365]}, {"key": "the-reference-rate", "type": "definition", "offset": [424, 442]}, {"key": "interest-rate-spread", "type": "definition", "offset": [459, 479]}, {"key": "applicable-spread", "type": "clause", "offset": [495, 512]}, {"key": "principal-balance", "type": "definition", "offset": [604, 621]}, {"key": "the-excess", "type": "clause", "offset": [1097, 1107]}, {"key": "floor-rate", "type": "definition", "offset": [1158, 1168]}, {"key": "with-respect-to", "type": "clause", "offset": [1170, 1185]}, {"key": "applicable-to", "type": "clause", "offset": [1242, 1255]}, {"key": "secured-debt", "type": "clause", "offset": [1260, 1272]}, {"key": "interest-accrual-period", "type": "clause", "offset": [1284, 1307]}], "snippet": "As of any date, the sum of: (a) in the case of each Floating Rate Obligation (excluding any PIK Loan (or any Collateral Obligation that would be a PIK Loan if not for the proviso to the definition thereof) to the extent of any non-cash interest and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and any Revolving Collateral Obligation) that bears interest at a spread over an index based upon the Reference Rate, (i) the stated interest rate spread (including any applicable spread adjustments thereto) on such Collateral Obligation above such index multiplied by (ii) the Principal Balance of such Collateral Obligation; and (b) in the case of each Floating Rate Obligation (excluding any PIK Loan (or any Collateral Obligation that would be a PIK Loan if not for the proviso to the definition thereof) to the extent of any non-cash interest and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and any Revolving Collateral Obligation) that bears interest at a spread over an index other than an index based upon the Reference Rate, (i) the excess of the stated interest rate (giving effect to any floor rate) with respect to each such Collateral Obligation over the Reference Rate applicable to the Secured Debt during the Interest Accrual Period in which such date occurs (which spread or excess may be expressed as a negative percentage) multiplied by (ii) the Principal Balance of each such Collateral Obligation.", "samples": [{"hash": "1wAWCrdHwfm", "uri": "/contracts/1wAWCrdHwfm#aggregate-funded-spread", "label": "Indenture (AB Private Credit Investors Corp)", "score": 36.1923332214, "published": true}], "size": 5, "hash": "67076a9e1668bfe695f3435a40d31ea7", "id": 9}, {"snippet_links": [{"key": "in-the-case", "type": "clause", "offset": [16, 27]}, {"key": "fixed-rate-obligation", "type": "definition", "offset": [72, 93]}, {"key": "pik-loan", "type": "definition", "offset": [113, 121]}, {"key": "to-the-extent", "type": "clause", "offset": [122, 135]}, {"key": "any-non", "type": "clause", "offset": [139, 146]}, {"key": "cash-interest", "type": "definition", "offset": [147, 160]}, {"key": "unfunded-portion", "type": "definition", "offset": [179, 195]}, {"key": "delayed-drawdown-collateral-obligation", "type": "definition", "offset": [203, 241]}, {"key": "revolving-collateral-obligation", "type": "definition", "offset": [250, 281]}, {"key": "the-products", "type": "clause", "offset": [314, 326]}, {"key": "the-excess", "type": "clause", "offset": [334, 344]}, {"key": "stated-interest-rate", "type": "definition", "offset": [352, 372]}, {"key": "floor-rate", "type": "definition", "offset": [395, 405]}, {"key": "with-respect-to", "type": "clause", "offset": [407, 422]}, {"key": "applicable-to", "type": "clause", "offset": [466, 479]}, {"key": "the-secured-notes", "type": "clause", "offset": [480, 497]}, {"key": "interest-accrual-period", "type": "clause", "offset": [509, 532]}, {"key": "principal-balance", "type": "definition", "offset": [649, 666]}], "snippet": "As of any date, in the case of each Collateral Obligation that is not a Fixed Rate Obligation (and excluding any PIK Loan to the extent of any non-cash interest and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and any Revolving Collateral Obligation) the number obtained by summing the products of (i) the excess of the stated interest rate (giving effect to any floor rate) with respect to each such Collateral Obligation over LIBOR applicable to the Secured Notes during the Interest Accrual Period in which such date occurs (which spread or excess may be expressed as a negative percentage) multiplied by (ii) the Principal Balance of each such Collateral Obligation (excluding the unfunded portion of any Delayed Drawdown Collateral Obligation or Revolving Collateral Obligation).", "samples": [{"hash": "hRxBqrhihsd", "uri": "/contracts/hRxBqrhihsd#aggregate-funded-spread", "label": "Indenture (AB Private Credit Investors Corp)", "score": 30.6153316498, "published": true}], "size": 4, "hash": "4f3dde5282b2c7e5b4f92028b777a1ba", "id": 10}], "next_curs": "CmQSXmoVc35sYXdpbnNpZGVyY29udHJhY3RzckALEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIgYWdncmVnYXRlLWZ1bmRlZC1zcHJlYWQjMDAwMDAwMGEMogECZW4YACAA", "definition": {"title": "Aggregate Funded Spread", "snippet": "As of any Measurement Date, the sum of: (a) in the case of each Floating Rate Obligation (other than a Defaulted Obligation) that bears interest at a spread over a reference rate based index that is a Benchmark-based Index or is the same as the then-current Benchmark applicable to the Floating Rate Debt (including, for any Permitted Deferrable Obligation, only the excess of the required current cash pay interest required by the Underlying Documents thereon over the applicable index and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation), (i) the stated interest rate spread paid in Cash on such Collateral Obligation above such index multiplied by (ii) the Principal Balance of such Collateral Obligation; provided that (i) with respect to any Floor Obligation, the stated interest rate spread paid in Cash on such Collateral Obligation over the applicable index shall be deemed to be equal to the sum of (x) the stated interest rate spread paid in Cash over the applicable index and (y) the excess, if any, of the specified \u201cfloor\u201d rate relating to such Collateral Obligation over the greater of zero and the applicable index and (ii) the interest rate of each Step-Up Obligation will be deemed to be its current rate of interest and the interest rate of each Step-Down Obligation will be deemed to be the lowest rate of interest that such Collateral Obligation will by its terms pay in the future solely as a function of the passage of time; and (b) in the case of each Floating Rate Obligation (including, for any Permitted Deferrable Obligation, only the required current cash pay interest required by the Underlying Documents thereon and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation) that bears interest at a spread over an index other than a reference rate based index that is a Benchmark-based Index or is the same as the then-current Benchmark applicable to the Floating Rate Debt, (i) the excess of (x) the sum of such spread and the greater of such index or any applicable floor paid in Cash over (y) the Benchmark applicable to the Floating Rate Debt as of the immediately preceding Interest Determination Date (which spread or excess may be expressed as a negative percentage) multiplied by (ii) the Principal Balance of each such Collateral Obligation.", "size": 317, "id": "aggregate-funded-spread", "examples": ["Notwithstanding the foregoing, if a Fallback Rate has been adopted and such Fallback Rate is the same benchmark rate currently in effect for determining interest on a Floating Rate Obligation, references to &quot;Reference Rate&quot; and &quot;Reference Rate-based Index&quot; in this definition of <strong>Aggregate Funded Spread</strong> with respect to such Floating Rate Obligation shall be deemed to be a reference to such benchmark rate that is the same as the Fallback Rate."], "related": [["aggregate-unfunded-spread", "Aggregate Unfunded Spread", "Aggregate Unfunded Spread"], ["aggregate-collateral-balance", "Aggregate Collateral Balance", "Aggregate Collateral Balance"], ["aggregate-invested-amount", "Aggregate Invested Amount", "Aggregate Invested Amount"], ["required-spread-account-amount", "Required Spread Account Amount", "Required Spread Account Amount"], ["available-spread-account-amount", "Available Spread Account Amount", "Available Spread Account Amount"]], "related_snippets": [], "updated": "2026-04-23T04:26:12+00:00"}, "json": true, "cursor": ""}}