Eligible Debt Security definition
Eligible Debt Security means, on any date of determination, any Debt Security held by Borrower as a Portfolio Investment that meets the following conditions:
Eligible Debt Security shall not include any Debt Security of any SBIC Entity.
Eligible Debt Security set forth in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows:
Examples of Eligible Debt Security in a sentence
The Lenders hereby waive any Defaults or Events of Default by the Borrower as a result of (a) the inclusion of any Debt Security as an Eligible Debt Security in the Borrowing Base that would only be permitted to be included in the Borrowing Base after the Second Amendment Effective Date, and (b) any Revolver Advances made or outstanding as a result of such inclusion in the Borrowing Base.
The Borrower and Guarantors have requested that the Administrative Agent and the Lenders amend the Credit Agreement to amend the definition of Eligible Debt Security to include such Debt Securities and waive any Defaults or Events of Default resulting from their inclusion prior to the date hereof.
More Definitions of Eligible Debt Security
Eligible Debt Security or clause (xxviii) of the definition of “Eligible Senior Bank Loan Investment”) and loans with negative EBITDA), then amounts of the most highly leveraged loans (excluding, from this calculation, LTV Investments and loans with negative EBITDA) will be excluded from the Borrowing Base until the ratio no longer exceeds 5.0x;
Eligible Debt Security or clause (xxviii) of the definition of “Eligible Senior Bank Loan Investment”.