Class 1 Loan definition
Class 1 Loan means any Collateral Loan that (a) has an original tranche size of at least the Dollar Equivalent of $250,000,000 and (b) is rated by S&P and/or ▇▇▇▇▇’▇ (or the related Obligor for such Collateral Loan is rated by S&P and/or ▇▇▇▇▇’▇) as of the date the Borrower acquires such Collateral Loan.
Class 1 Loan means any Collateral Loan that (a) has an original tranche size of at least the Dollar Equivalent of $250,000,000 and (b) is rated by S&P and/or Moody’s (or the related Obligor for such Collateral Loan is rated by S&P and/or Moody’s) as of the date the Borrower acquires such Collateral Loan.
Class 1 Loan means any Collateral Loan (a) that, as of the Trade Date of such Collateral Loan, has a tranche size of at least the Dollar Equivalent of $400,000,000 and (b) the relevant Obligor of which has EBITDA of at least the Dollar Equivalent of $100,000,000 as calculated in accordance with the Related Documents as of the Trade Date of such Collateral Loan.
More Definitions of Class 1 Loan
Class 1 Loan means any Collateral Loan that (1) as of the Trade Date of such Collateral Loan, has a tranche size of not less than $250,000,000 or such lesser tranche size as otherwise agreed by the Administrative Agent in its sole discretion at the time such Collateral Loan is added to the Approved List, (2) other than with respect to clause (b) thereof, satisfies the definition of Broadly Syndicated Loan, and (3) is rated (or no later than the settlement date of such Collateral Loan, will be rated) by S&P or Moody’s (or the related Obligor is rated by S&P or Moody’s).
Class 1 Loan means any Collateral Loan that is a Broadly Syndicated Loan (other than a Recurring Revenue Loan).
Class 1 Loan means any Collateral Loan that (a) has an original tranche size of at least the Dollar Equivalent of $350,000,000 and, (b) is rated by S&P and/or ▇▇▇▇▇’▇ (or the related Obligor for such Collateral Loan is rated by S&P and/or ▇▇▇▇▇’▇) as of the date the Borrower acquires such Collateral Loan. and (c) at least two (2) bids are quoted and available from Loan Pricing Corporation, Mark-it Partners (formerly known as Loan X) or another nationally recognized broker-dealer or nationally recognized quotation service requested by the Servicer and approved from time to time by the Administrative Agent and the Majority Lenders; provided, however, that if there are less than two (2) bids quoted and available for such Collateral Loan for ten (10) consecutive Business Days, such Collateral Loan shall automatically be reclassified based on the EBITDA of the related Obligor as of the date the Borrower acquired such Collateral Loan, and shall cease to be treated as a Class 1 Loan for all purposes under this Agreement.
Class 1 Loan means any Collateral Loan (a) that, as of the Trade Date of such Collateral Loan, has a tranche size of at least the Dollar Equivalent of $250,000,000 and (b) is rated (or will be rated) by S&P or Moody’s (or the related Obligor for such Collateral Loan is rated by S&P or Moody’s) as of the Trade Date of such Collateral Loan.
Class 1 Loan. “Class 2 Loan, ” “Class 3 Loan,” “Class 4 Loan” or “Interest Coverage Ratio Test”; (h) modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof or (i) extend the Reinvestment Period. “GAAP” means generally accepted accounting principles in effect from time to time in the United States. “GBP Advance” means an Advance denominated in Pounds Sterling. “GICS Industry Classification” means the industry classifications set forth in Schedule 4 hereto, as such industry classifications shall be updated at the option of the Servicer if MSCI Inc. publishes revised industry classifications. The determination of which GICS Industry Classification to which an Obligor belongs shall be made in good faith by the Servicer. “Government Security” has the meaning specified in the definition of Deliver. “Governmental Authority” means, with respect to any Person, any nation or government, any supranational, state or other political or subdivision thereof, any central bank (or similar monetary or regulatory authority) thereof, any body or entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government and any court or arbitrator, in each case, having jurisdiction or authority over such Person. “Governmental Authorizations” means all franchises, permits, licenses, approvals, consents and other authorizations of all Governmental Authorities.
Class 1 Loan means any Collateral Loan that (a) has an original tranche size of at least the Dollar Equivalent of
Class 1 Loan means any Portfolio Asset whose Obligor has an EBITDA of at least U.S.$50,000,000 at the time of acquisition.