Canadian Dollar Weighted Average Advance Rate definition
Canadian Dollar Weighted Average Advance Rate. As of any date of determination with respect to all Eligible Portfolio Assets denominated in Canadian Dollars on such date, (a) the sum of the products for each such Eligible Portfolio Asset of (i) such Eligible Portfolio Asset’s Advance Rate and (ii) such Eligible Portfolio Asset’s OLB minus the portion (if any) of such Eligible Portfolio Asset’s OLB that is included in the Excess Concentration Amount divided by (b) the sum for each such Eligible Portfolio Asset of each such Eligible Portfolio Asset’s OLB BUSINESS.32224493.
Canadian Dollar Weighted Average Advance Rate. As of any date of determination with respect to all Eligible Portfolio Assets denominated in Canadian Dollars on such date, (a) the sum of the products for each such Eligible Portfolio Asset of (i) such Eligible Portfolio Asset’s Advance Rate and (ii) such Eligible Portfolio Asset’s OLB minus the portion (if any) of such Eligible Portfolio Asset’s OLB that is included in the Excess Concentration Amount divided by (b) the sum for each such Eligible Portfolio Asset of each such Eligible Portfolio Asset’s OLB BUSINESS.33662032.9 13 minus the portion (if any) of such Eligible Portfolio Asset’s OLB that is included in the Excess Concentration Amount on such date, provided that the Canadian Dollar Weighted Average Advance Rate for the Portfolio shall not, at any time, exceed the Maximum Advance Rate. “Cash”: Such funds denominated in USD, in Canadian Dollars, in EUR or in GBP (or in such other currencies as may be agreed to by the Collateral Agent, the Administrative Agent and the Borrower), including funds standing to the credit of an Account, provided that for the purposes of all calculations of Cash under the Transaction Documents (including, without limitation, the Advance Rate), unless otherwise provided in this Agreement, funds that are not denominated in USD shall be deemed to refer to the USD Equivalent of such non-USD currencies. “Cash Interest Coverage Ratio”: With respect to any Portfolio Asset for any Relevant Test Period, either (a) the meaning of “Cash Interest Coverage Ratio” or comparable definition set forth in the Underlying Instruments for such Portfolio Asset, or (b) in the case of any Portfolio Asset with respect to which the related Underlying Instruments do not include a definition of “Cash Interest Coverage Ratio” or comparable definition, the ratio of (i) EBITDA to (ii) Cash Interest Expense of such Obligor with respect to the applicable Relevant Test Period, as calculated by the Borrower and Collateral Manager in accordance with and subject to the standard of care in performing its duties under this Agreement and the Credit and Collection Policy, and in good faith, provided that, in either case, for any Loan subject to a Recurring Revenue Reclassification Date, any references to the Cash Interest Coverage Ratio as of the date on which such Loan was acquired by the Borrower shall be deemed to mean such ratios determined by the Administrative Agent in its sole discretion as of the Recurring Revenue Reclassification Date. “Cash Interest Ex...