Net Aggregate Exposure Amount definition

Net Aggregate Exposure Amount means the excess (if any) of (i) the aggregate Unfunded Amount on such date over (ii) the sum of (x) amounts on deposit in the Future Funding Reserve Account on such date and (y) amounts on deposit in the Collection Account on such date, including Eligible Investments, representing Principal Proceeds.

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Net Aggregate Exposure Amount means, at any time, the excess (if any) of (x) the aggregate unfunded amounts in respect of all Revolving Collateral Loans and Delayed Draw Collateral Loans at such time over (y) the aggregate amount on deposit in the Revolving Reserve Account at such time.

Net Aggregate Exposure Amount means, at any time, the excess (if any) of (x) the Dollar Equivalent of the aggregate unfunded amounts in respect of all Revolving Collateral Loans and Delayed Drawdown Collateral Loans at such time over (y) the Dollar Equivalent of the aggregate amount on deposit in the Revolving Reserve Account at such time.

Examples of Net Aggregate Exposure Amount in a sentence

In the event that the Net Aggregate Exposure Amount is greater than zero, the Borrower shall promptly request Advances as and to the extent permitted hereunder, or otherwise use commercially reasonable efforts, to cause the Net Aggregate Exposure Amount to not exceed zero.
On the Commitment Termination Date and at all times thereafter, the “Revolving Reserve Required Amount” shall equal the sum of (x) the Net Aggregate Exposure Amount, plus (y) the aggregate amount of funds needed to settle purchases of Loans which the Borrower committed, prior to the end of the Reinvestment Period, to acquire after the Commitment Termination Date.
The Borrower will ensure that the Net Aggregate Exposure Amount is not greater than zero at the time that the Borrower (or a Subsidiary Guarantor) enters into any commitment to purchase or originate a Loan Asset.
As of any date of determination, any amounts on deposit in the Unfunded Reserve Account that exceed (i) the Unfunded Reserve Required Amount prior to the end of the Reinvestment Period and (ii) the Net Aggregate Exposure Amount following the end of the Reinvestment Period, in each case, shall be transferred into the Principal Collection Account as Principal Collections.

More Definitions of Net Aggregate Exposure Amount

Net Aggregate Exposure Amount. The excess of the aggregate of the Exposure Amounts of the Revolving Collateral Obligations and Delayed Drawdown Collateral Obligations over the amount of Principal Proceeds in the Revolver Funding Account.

Net Aggregate Exposure Amount means, at any time, the excess (if any) of (a) the aggregate amount of unfunded commitment amounts in respect of all Delayed Draw Collateral Asset and Revolving Collateral Assets at such time (other than Delayed Draw Collateral Asset and Revolving Collateral Assets which are no longer required to be funded due to a default or similar condition and the related unfunded commitment is terminated) over (b) the aggregate amount on deposit in the Unfunded Reserve Account at such time converting all amounts not in Dollars to Dollars at the Applicable Exchange Rate. “Noteless Loan” means a Collateral Asset with respect to which the Underlying Instruments (i) do not require the Obligor to execute and deliver a promissory note to evidence the indebtedness created under such Collateral Asset or (ii) require any holder of the indebtedness created under such Collateral Asset to affirmatively request a promissory note from the related Obligor. “Notice and Request for Consent to Lien Release Dividend” has the meaning assigned to that term in Section 2.07(g)(i). “Notice of Borrowing” means an irrevocable written notice of borrowing from the Borrower to the Administrative Agent and each Lender in the form of Exhibit E. “Notice of Exclusive Control” means a Notice of Exclusive Control or other similar notice as defined and described in the Securities Account Control Agreement delivered by the Collateral Agent to the Securities Intermediary. “Notice of Reduction” means a notice of (a) any reduction of the Advances outstanding pursuant to Section 2.16(a), in the form of Exhibit F or (b) any termination of this Agreement pursuant to Section 2.16(b), in the form of Exhibit G. 55%

Net Aggregate Exposure Amount. At any time, with respect to all Revolving Collateral Obligations and Delayed Drawdown Collateral Obligations, the excess (if any) of (a) the aggregate of such Exposure Amounts at such time over (b) the amount standing to the credit of the Exposure Funding Account.

Net Aggregate Exposure Amount means, at any time, the sum of (a) the product of (i) the Unfunded Amount of each Eligible Collateral Loan (other than Defaulted Collateral Loans and Haircut Recurring Revenue Collateral Loans) and (ii) 1 minus the Advance Rate related to such Collateral Loan plus (b) the product of (i) the Unfunded Amount of each Haircut Recurring Revenue Collateral Loan (other than Defaulted Collateral Loans) and (ii) 1 minus the Recovery Rate related to such Haircut Recurring Revenue Collateral Loan plus (c) for each Defaulted Collateral Loan pursuant to clauses (b), (f), (g) or (h) of the definition thereof, the product of (i) the Unfunded Amount of each such Defaulted Collateral Loan and (ii) 1 minus the Recovery Rate related to such Defaulted Collateral Loan, plus (d) the Unfunded Amount of each Defaulted Collateral Loan pursuant to clauses (a), (c), (d) or (e) of the definition thereof and each Ineligible Collateral Loan.

Net Aggregate Exposure Amount means, as of any date, the excess of the aggregate of the Exposure Amounts on such date of the Revolving Debt Obligations and Delayed Funding Debt Obligations over the amount of Principal Proceeds standing to the credit of the Class A-2R Future Funding Reserve Account on such date.