EU Acquisition Test definition

EU Acquisition Test. A test that is satisfied if, in connection with and at the time of any purchase by the Issuer of any Collateral Obligation that is not an Affiliate Originated Collateral Obligation or a Retention Holder Seasoned Collateral Obligation, and after taking into account any such proposed acquisition, the aggregate outstanding principal amount of Affiliate Originated Collateral Obligations and Retention Holder Seasoned Collateral Obligations then held by the Issuer is more than fifty percent (50%) of the aggregate outstanding principal amount of all Collateral Obligations then owned by the Issuer.
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Examples of EU Acquisition Test in a sentence

  • For any Affiliate Originated Collateral Obligation or, so long as the EU Acquisition Test is met, any other Collateral Obligations, the Settlement Date must be not earlier than the Cut-Off Date.

  • If the EU Acquisition Test is met, the Issuer may buy Collateral Obligations directly from the seller thereof in the secondary market or may buy Collateral Obligations under the Master Loan Sale Agreement without going through the seasoning period.

  • Notwithstanding the provisions of this Agreement, the Issuer, so long as the EU Acquisition Test and the other conditions set forth in the Indenture are met, may also acquire Collateral Obligations that are not Affiliate Originated Collateral Obligations or Retention Holder Seasoned Collateral Obligations directly from the seller thereof in a secondary market purchase.

  • Notwithstanding any other provisions herein, the Buyer, so long as the EU Acquisition Test and the other applicable conditions set forth in the Indenture are met, may also purchase Collateral Obligations that are not Affiliate Originated Collateral Obligations directly from third parties or may acquire Collateral Obligations as a lender at the closing thereof.