Priced Loan Asset means any Loan Asset that has an observable quote from LoanX Xxxx-It Partners or Loan Pricing Corporation, or from another pricing service selected by the Agent in its sole discretion.
Priced Loan Asset means any Loan Asset that has an observable quote from LoanX Mark-It Partners or Loan Pricing Corporation, or from another pricing service selected by the Administrative Agent in its sole discretion.
Priced Loan Asset means any First Lien Loan that (a) has an original tranche size of $250,000,000 or greater, (b) has an EBITDA for the prior twelve calendar months of $50,000,000 or greater, and (c) has (x) an observable quote with a bid depth of at least 5 from LoanX Mxxx-It Partners or Loan Pricing Corporation or (y) observable quotes from at least 5 Approved Broker-Dealers (with the price for such Priced Loan Asset being the average of such observable quotes).
More Definitions of Priced Loan Asset
Priced Loan Asset means any First Lien Loan that (a) has an original tranche size of $250,000,000 or greater, (b) has an EBITDA for the prior twelve calendar months of $50,000,000 or greater, (c) is rated by both S&P and Xxxxx’x (or the Obligor is rated by S&P and Xxxxx’x) and such ratings are not lower than “B3” by Xxxxx’x and “B-” by S&P, and (d) has an observable quote from LoanX Xxxx-It Partners or Loan Pricing Corporation, or from another pricing service selected by the Administrative Agent in its sole discretion.
Priced Loan Asset means any Loan Asset that has an Observable Market Price.