Aggregate Par Balance (NOK) definition
Aggregate Par Balance (NOK) means, without conversion to Dollars, on any date of determination, (a)(x) so long as no Event of Default has occurred and is continuing, the sum of the outstanding principal balances of all Eligible Collateral Assets denominated in NOK (including any such Eligible Collateral Assets to be funded or acquired by a Loan Party on such date of determination) and (y) if an Event of Default has occurred and is continuing, the product of (A) the Aggregate Adjusted Balance of all Eligible Collateral Assets denominated in NOK and (B) the Weighted Average Advance Rate of all Eligible Collateral Assets denominated in NOK plus (b) the par value of all Cash and Cash Equivalents denominated in NOK owned by a Loan Party as of such date and credited to the Principal Collection Account or any Permitted Subsidiary Account.