OC Ratio definition

OC Ratio means, as of any Business Day, the ratio of (a) the sum of (i) the Borrowing Base plus (ii) the Implied Equity in connection with any acquisition of Collateral Loans for which the Borrower has entered into a binding commitment to acquire that have not yet settled to (b) the OC Ratio Denominator.

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OC Ratio means the ratio calculated as:

OC Ratio means, as of any Business Day,

Examples of OC Ratio in a sentence

Notwithstanding anything to the contrary in this Agreement, if an OC Ratio Breach has occurred, within ten (10) Business Days of the occurrence of such OC Ratio Breach, the Equityholder may, but shall not be required to, cure such condition by making a cash payment into the Trust Account in an amount that would cause such OC Ratio Breach to be cured after giving effect to such payment into the Trust Account (any such payment, an “OC Ratio Posting Payment”).
All cash received by the Borrower from contributions by the Equityholder, all OC Ratio Posting Payments, all Advance proceeds and any amounts transferred from the Principal Collection Subaccount pursuant to the Priority of Payments or in connection with the purchase of additional Collateral Loans pursuant to Section 10.02 will be deposited in the Trust Account.

More Definitions of OC Ratio

OC Ratio means, as of any Business Day, the ratio of (a) the Borrowing Base to

OC Ratio means, as of any Business Day, the percentage calculated by dividing the Borrowing Base by the sum (without duplication) of (x) the Outstanding Principal Amount of the Loans and (y) the aggregate Purchase Price of all Assets not yet settled for which any Borrower Party has entered into binding commitments to purchase.

OC Ratio means, as of any Business Day, the percentage calculated by dividing the (a) OC Ratio Numerator by (b) an amount equal to (i) the Outstanding Principal Amount plus (ii) the excess, if any, of (x) the Aggregate Purchase Price of all Portfolio Assets that have been purchased but not yet settled over (y) the amounts in the Principal Collection Account and the Capital Account (including any amounts held in any sub-account thereof) minus (iii) the product of (1) the excess, if any, of (x) the Aggregate Principal Amount of all Portfolio Assets that have been purchased but not yet settled over (y) the amounts in the Principal Collection Account and the Capital Account (including any amounts held in any sub-account thereof) and (2) 20%.

OC Ratio. Breach On any Business Day, a failure of the Minimum OC Coverage Test. Minimum OC Coverage Test As of any date, a test that is satisfied if the OC Ratio as of such date is equal to or greater than 1.00:1.00.

OC Ratio means, as of any Business Day, the percentage calculated by dividing (A) the sum of (i) the Borrowing Base and (ii) the Implied Equity in connection with any acquisition of Portfolio Assets for which the Borrower has entered into a binding commitment to acquire that have not yet settled by (B) the sum of (i) the Outstanding Principal Amount of the Loans, (ii) the sum of the Excess Unfunded Delayed Draw/Revolver Amounts for all Portfolio Assets that are Delayed Drawdown Collateral Obligations and Revolving Collateral Obligations and (iii) the aggregate purchase price of all Assets with respect to which the Borrower has entered into a binding commitment to purchase that has not yet been settled.

OC Ratio means, as of any Business Day, the ratio of (a) the Borrowing Base to (b) the OC Ratio Denominator. “OC Ratio Breach” means, on any Business Day, a failure of the Minimum OC Coverage Test.

OC Ratio means, as of any Business Day, the percentage calculated by dividing (a) the Borrowing Base by