Reinvestment Balance Criteria definition

Reinvestment Balance Criteria means criteria that are satisfied if, in respect of a reinvestment of Principal Proceeds (including but not limited to Sale Proceeds) in each case determined after giving effect to the proposed purchase of Collateral Obligations and all other sales or purchases previously or simultaneously committed to, any of the following is satisfied: (i) solely in the case of purchases using the Sale Proceeds of a Credit Risk Obligation or a Defaulted Obligation, the Collateral Obligations purchased with such Sale Proceeds have an Aggregate Principal Balance at least equal to the Sale Proceeds received from the sale of such Defaulted Obligations or Credit Risk Obligations, (ii) the Adjusted Collateral Principal Amount of all Collateral Obligations will be maintained or increased, (iii) the Aggregate Principal Balance of all Collateral Obligations plus, without duplication, amounts on deposit in the Collection Account, the Supplemental Reserve Account and the Ramp-Up Account (including Eligible Investments therein) representing Principal Proceeds plus amounts (including Eligible Investments therein) on deposit in the Revolver Funding Account will be maintained or increased (measured immediately prior to the trade date with respect to related sales or dispositions of Collateral Obligations) or (iv) the Aggregate Principal Balance of all Collateral Obligations plus, without duplication, amounts on deposit in the Collection Account, the Supplemental Reserve Account and the Ramp-Up Account (including Eligible Investments therein) representing Principal Proceeds plus amounts (including Eligible Investments therein) on deposit in the Revolver Funding Account will be no less than the Reinvestment Target Par Balance.
Reinvestment Balance Criteria means, in the case of an additional Collateral Obligation purchased with the proceeds of a sale of a Collateral Obligation, either of the following requirements, in each case determined after giving effect to the proposed purchase and all other sales or purchases previously or simultaneously committed to: (1) the Aggregate Principal Balance of the Collateral Obligations will be maintained or increased (when compared to the Aggregate Principal Balance of the Collateral Obligations immediately prior to such sale) or(2) the Adjusted Collateral Principal Amount (excluding the Collateral Obligation being sold but including, without duplication, the Collateral Obligation being purchased and the anticipated cash proceeds, if any, of such additional Collateral Obligation) will be equal to or greater than the Reinvestment Target Par Balance.