Definition of Portfolio Mark to Market

  1. Portfolio Mark to Market means the aggregate market value using the lower of the bid side levels as reported by Markit and Loan Pricing Corporation ("LPC") of the Collateral Debt Obligations currently held by the Issuer. In the event there is no reported price by either Markit or LPC, then the market value of the Collateral Debt Obligations held by the Issuer will be determined by the Arranger. At all times, the market value of the Collateral Debt Obligations held by the Issuer may be the bid side levels as provided by the Arranger provided reasonable market-based evidence exists for such values.

Definition of Portfolio Mark to Market in Note Purchase Agreement

Portfolio Mark to Market means the aggregate market value using the lower of the bid side levels as reported by Markit and Loan Pricing Corporation ("LPC") of the Collateral Debt Obligations currently held by the Issuer. In the event there is no reported price by either Markit or LPC, then the market value of the Collateral Debt Obligations held by the Issuer will be determined by the Arranger. At all times, the market value of the Collateral Debt Obligations held by the Issuer may be the bid side levels as provided by the Arranger provided reasonable market-based evidence exists for such values.