Collateral Tests definition

Collateral Tests means each of the Borrowing Base Test, the Coverage Tests and the Weighted Average FMV Test. “Collection Account” is defined in Section 5.3(a).
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Collateral Tests means each of the Borrowing Base Test, the Coverage Tests and the Weighted Average FMV Test.
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Collateral Tests means the Maximum Underlying Fund Investment Weight Test, the Unlevered Premium Fund Strategies Diversity Test, the Unlevered Premium Fund Liquidity Profile Test, the 12 Month Volatility Test, the Minimum Net Worth Test, the Minimum O/C Tests and the Underlying Fund Manager Concentration Test.
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More Definitions of Collateral Tests

Collateral Tests means individually, and collectively, the Inventory Concentration Limit, the Cash Flow Requirement and the Asset Base Ratio Test.
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Related to Collateral Tests

  • Borrowing Base Test means as of any date, a determination that (a) the lesser of (i) the Borrowing Base and (ii) the Facility Amount shall be equal to or greater than (b) the Advances Outstanding.

  • Collateral Requirement means the requirement that:

  • Collateral Pool means, at any time, each Portfolio Investment that has been Delivered (as defined in the Guarantee and Security Agreement) to the Collateral Agent and is subject to the Lien of the Guarantee and Security Agreement, and then only for so long as such Portfolio Investment continues to be Delivered as contemplated therein and in which the Collateral Agent has a first-priority perfected Lien as security for the Secured Obligations (subject to any Lien permitted by Section 6.02 hereof with respect to such Portfolio Investment), provided that in the case of any Portfolio Investment in which the Collateral Agent has a first-priority perfected (subject to Permitted Liens under clause (g) of the definition thereof) security interest pursuant to a valid Uniform Commercial Code filing, such Portfolio Investment may be included in the Collateral Pool so long as all remaining actions to complete “Delivery” are satisfied in full within the longest period of (i) seven (7) days of such inclusion and (ii) as the Collateral Agent may agree in its reasonable discretion.

  • Collateral Quality Tests means the Collateral Quality Tests set out in the Investment Management Agreement being each of the following:

  • Collateral Quality Test means a test that is satisfied if, as of any date of determination, in the aggregate, the Collateral Loans owned (or, in relation to a proposed purchase of a Collateral Loan, both owned and proposed to be owned) by the Borrower satisfy each of the tests set forth below, calculated, in each case, in accordance with Section 1.04: