Hedge Amount definition

Hedge Amount. On any day, an amount equal to the product of (a) the Borrowing Base and (b) the Fixed Rate Asset Percentage on such day.

Hedge Amount. (a) With respect to Fixed Rate Loans (excluding Real Estate Loans which are Fixed Rate Loans), on any day, an amount equal to the product of (1) the aggregate Principal Balance of such Fixed Rate Loans and (2) 80%, and (b) with respect to Real Estate Loans bearing a fixed rate of interest, on any day, an amount equal to the product of (1) the outstanding principal amount of such Real Estate Loan times (2) the Advance Rate applicable to such Real Estate Loan.

Hedge Amount. On any day, an amount equal to the excess, if any, of (a) the product of (i) the product of (1) the Borrowing Base (excluding, solely for the purposes of this calculation, the Purchased Loan Balance of any Permitted Investment which is deemed to be an Eligible Loan by operation of the proviso to the initial paragraph of Eligible Loan) and (2) the Fixed Rate Loan Percentage and (ii) the Advances Outstanding divided by the Aggregate Outstanding Loan Balance over (b)(i) at any time any of the conditions set forth in clauses (b), (c), (d) or (e) in the definition of Hedge Trigger shall exist, zero and (ii) at all other times, $15,000,000, unless otherwise consented to by the Agent.

Examples of Hedge Amount in a sentence

• The number of Forward Hedge Shares that the Forward Purchaser shall use its commercially reasonable efforts to borrow and that the Forward Seller shall use its commercially reasonable efforts to sell pursuant to such Forward shall have an aggregate Sales Price equal to the Forward Hedge Amount.

• The number of Forward Hedge Shares that the Forward Purchaser shall use commercially reasonable efforts to borrow or to cause its affiliate to borrow and that the Forward Seller shall use commercially reasonable efforts to sell pursuant to such Forward shall have an aggregate Sales Price equal to the Forward Hedge Amount.

• If on any Hedge Determination Date, Funding Date or Payment Date, the Issuer has revoked its election, in whole or in part, to fund the Hedge Reserve Account, provided that the Implied Hedge Amount is equal to or greater than the Outstanding Note Balance and the Issuer has otherwise complied with the Hedge Requirements, amounts on deposit in the Hedge Reserve Account shall be deposited in the Collection Account as Available Funds.

• The number of Forward Hedge Shares that the Forward Purchaser shall use commercially reasonable efforts to borrow and that the Forward Seller shall use commercially reasonable efforts to sell pursuant to such Forward shall have an aggregate actual sale execution price equal to the Forward Hedge Amount set forth in the Forward Placement Notice accepted by the Forward Purchaser and the Forward Seller.

• In no event may the Company issue a Placement Notice to sell an Issuance Amount or a Forward Hedge Amount, as the case may be, to the extent that the sum of (i) the Sales Price of the requested Issuance Amount or Forward Hedge Amount, as applicable, plus (ii) the aggregate Sales Price of all Shares issued under all previous Issuances and Forwards effected pursuant to this Agreement and the Alternative Distribution Agreements would exceed the Maximum Amount.

More Definitions of Hedge Amount

Hedge Amount set forth in Section 1.1 of the Sale and Servicing Agreement is hereby amended and restated in its entirety as follows:

Hedge Amount means, in connection with any Optional Prepayment of Scheduled Payments, the amount, if any, of any Hedge Termination Payable that will be owed by the Service Corporation pursuant to any Stated Hedge relating to the Scheduled Payments being prepaid as a result of any required reduction in the notional amount of such Stated Hedge due to such prepayment and the Hedge Periodic Payable, if any, accrued to the date of termination.

Hedge Amount. On any day, an amount equal to the product of (a) the Advances Outstanding on such day, (b) the Fixed Rate Loan Percentage on such day and (c) one minus the Overcollateralization Percentage on such day.

Hedge Amount. On any day, an amount equal to excess, if any, of (a) the product of (i) the product of (1) the Borrowing Base and (2) the Fixed Rate Loan Percentage and (ii) the Advances Outstanding divided by the Aggregate Outstanding Loan Balance over (b)(i) at any time any of the conditions set forth in clauses (b), (c), (d) or (e) in the definition of Hedge Trigger shall exist, zero and (ii) at all other times, the Hedge Threshold Amount, unless otherwise consented to by the Agent.

Hedge Amount. On any day that (a) the Weighted Average Coupon is less than LIBOR Rate plus 5.0%, the Hedge Amount shall be an amount as determined by the Administrative Agent in its sole discretion and (b) the Weighted Average Coupon is greater than or equal to the LIBOR Rate plus 5.0%, the Hedge Amount shall be $0. The Hedge Amount for Floating Rate Loans is $0.

Hedge Amount means, in respect of an Averagin g Date, subject to Condition 16(B) and as referred to in paragraph 4 above, the proceeds actually obtained by the Issuer or any Affiliate or agent in any actual disposal, as applicable, or realisation of the Hedge Position or portion thereof on such Averaging Date less any Costs and any Taxes, and divided by the Exchange Rate on such date, all as determined by the Calculation Agent. For the purposes of the foregoing, the Issuer shall at its option either (i) attempt to dispose of or otherwise realise the Hedge Position on the first Averaging Date in respect of an Actual Exercise Date and each Averaging Date thereafter until the final Averaging Date in respect of such Actual Exercise Date or, if earlier the date on which the relevant Hedge Position is disposed of or otherwise realised or (ii) on each Averaging Date (the "Relevant Day") in the relevant Averaging Period divide the Hedge Position or the remaining part of the Hedge Position, as applicable, by the number of Averaging Dates remaining in the relevant Averaging Period (the divided amount in

Hedge Amount. On any day that the Outstanding Loan Balance of all Fixed Rate Loans exceeds $20,000,000 or the Portfolio Yield is less than the Minimum Portfolio Yield, an amount equal to the product of (i) the Weighted Average Advance Rate relating to Fixed Rate Loans as of such date times (ii) the Outstanding Loan Balance of all Fixed Rate Loans included in the Collateral as of such date. For the avoidance of doubt, the Hedge Amount for any Floating Rate Loan is $0.