Examples of Pro Forma Availability Condition in a sentence
Pro Forma Availability Condition: for any date of calculation with respect to any transaction or payment, the Pro Forma Availability following, and after giving effect to, such transaction or payment, will be equal to or greater than $10,000,000.
It gives indications of worsening, deteriorating, erosion of credit quality of the portfolio by tracking credit migration of constituent asset in the credit and investment portfolio much before the actual default occur so that management action can be initiated in order to stem the deterioration in the credit portfolio quality.
At any time that the Borrowers shall have satisfied the Pro Forma Availability Condition, the Lead Borrower (on behalf of the Borrowers) may terminate the Incremental Revolving Loan Commitments in whole but not in part without penalty or premium.