Compliance Condition means, on any date of determination, a condition that is satisfied if the principal amount of then outstanding Advances (assuming that Advances have been made for any outstanding Purchase Commitments which have traded but not settled) minus the Market Value of amounts then on deposit in the Accounts (including cash and Eligible Investments) representing Principal Proceeds and Excess Interest Proceeds, is less than or equal to 53% of the Net Asset Value.
Compliance Condition has the meaning specified in Schedule 9 hereto.
Compliance Condition means, as of any date of determination, without duplication, the Dollar Equivalent of the aggregate principal amount of all Revolving Credit Loans outstanding at such time (excluding, for the first two full fiscal quarters following the date set forth in the proviso hereto, Revolving Credit Loans borrowed on the Closing Date) exceeds 40.0% of the amount of the Total Revolving Credit Commitment; provided that notwithstanding the foregoing, no Compliance Condition shall be in effect with respect to quarterly Test Periods ending prior to June 30, 2022.
Examples of Compliance Condition in a sentence
Deviations from or violation of these representations shall cause the Approval to be presented to the Board of County Commissioners for review under the Compliance Condition of this Approval.
Updates to remediate critical vulnerabilities shall be provided within a shorter period than other updates, within [a negotiated time period (e.g., 30, 60, or 90 days)].
Deviations from or violation of these representations shall cause the approval to be presented to the Board of County Commissioners for review under the Compliance Condition of this Approval.
Standard Compliance: Condition whereby specified materials or equipment must conform to the standards of organizations such as the American National Standard Institute (ANSI), American Society for Testing and Materials (ASTM), Underwriters Laboratories (UL) or similar organization.
The Covenant Compliance Condition therefore failed, relieving Buyer of its obligation to close.
More Definitions of Compliance Condition
Compliance Condition is Borrower maintaining compliance with the financial covenants set forth in Section 6.10 from the First Amendment Date through August 31, 2019, as determined by Collateral Agent based upon written evidence reasonably satisfactory to Collateral Agent.”
Compliance Condition means, on any date of determination, a condition that is satisfied if the LTV Ratio is less than or equal to 58.5%.
Compliance Condition means, on any date of determination, a condition that is satisfied if the Administrative Agent determines that the principal amount of then outstanding Advances (assuming that Advances have been made for any outstanding Purchase Commitments which have traded but not settled) minus the amounts then on deposit in the Accounts and the Permitted CAD Accounts (including cash and Eligible Investments) representing Principal Proceeds, is less than or equal to 60% of the Net Asset Value. "Concentration Limitations" has the meaning ascribed to it in Schedule 4.
Compliance Condition is Borrower maintaining compliance with the financial covenants set forth in Section 6.10 from the Second Amendment Date through August 31, 2019, as determined by Collateral Agent based upon written evidence reasonably satisfactory to Collateral Agent.” “‘Loan Documents’ are, collectively, this Agreement, the Financial Covenant Side Letter, the Warrants, the Perfection Certificates, each Compliance Certificate, each Disbursement Letter, the IP Agreement, and any subordination agreements, any note, or notes or guaranties executed by Borrower or any other Person, and any other present or future agreement entered into by Borrower or any other Person for the benefit of the Lenders and Collateral Agent in connection with this Agreement; all as amended, restated, or otherwise modified.”
Compliance Condition means, on any date of determination, a condition that is satisfied if the (A) Net Advances are less than or equal to (B) 5552.5% of the Net Asset Value.
Compliance Condition means, on any date of determination, a condition that is satisfied if the Administrative Agent determines that the principal amount of then outstanding Advances (assuming that Advances have been made for any outstanding Purchase Commitments which have traded but not settled) minus the amounts then on deposit in the Accounts (including cash and Eligible Investments) representing Principal Proceeds and Excess Interest Proceeds, is less than or equal to 60% of the Net Asset Value. "Concentration Limitations" has the meaning ascribed to it in Schedule 4. "Coverage Event" means (A) the occurrence of both of the following events: (i) the Administrative Agent shall have determined and notified the Investment Manager in writing (with a copy to the Collateral Agent) as of any date that the Net Asset Value does not equal or exceed the product of (a) the Market Value Trigger specified on the Transaction Schedule and (b)(x) the principal amount of the outstanding Advances (assuming that Advances have been made for any outstanding Purchase Commitments which have traded but not settled) minus (y) the amounts then on deposit in the Accounts (including cash and Eligible Investments) representing Principal Proceeds and Excess Interest Proceeds; provided that, solely for the purposes of calculating the Net Asset Value under this clause (A)(i), the Market Value for any Portfolio Asset shall not be greater than the par amount thereof; and (ii) a Coverage Event Cure Failure or (B) if in connection with any Coverage Event Cure, a Portfolio Investment sold, contributed or deemed to have been contributed to the Company shall fail to settle within (1)
Compliance Condition means, on any date of determination, a condition that is satisfied if the (A) the principal amount of then outstanding Advances (assuming that Advances have been made for any outstanding Purchase Commitments which have traded but not settled (other than Purchase Commitments which have traded but not settled within fifteen (15) Business Days (or such longer period of time agreed to by the Administrative Agent in its sole discretion) of the related Trade Date)) minus the amounts then on deposit in the Accounts (including cash and Eligible Investments) representing Principal Proceeds is less than or equal to (B) 50% of the Net Asset Value.