Reinvestment Target Par Balance definition

Reinvestment Target Par Balance. As of any date of determination, the Target Initial Par Amount minus (i) the amount of any reduction in the Aggregate Outstanding Amount of the Notes through the payment of Principal Proceeds plus (ii) the Aggregate Outstanding Amount of any additional Notes issued under and in accordance with Sections 2.13 and 3.2, or, if greater, the aggregate amount of Principal Proceeds that result from the issuance of such additional Notes.

Reinvestment Target Par Balance. As of any date of determination, the Target Initial Par Amount minus the amount of any reduction in the Aggregate Outstanding Amount of the Secured Notes through the payment of Principal Proceeds plus the aggregate amount of Principal Proceeds received by the Issuer from the issuance of any additional Secured Notes and any Preferred Shares that are issued pro rata with such additional Secured Notes (after giving effect to such issuance of any Secured Notes).

Reinvestment Target Par Balance. As of any date of determination, the Target Initial Par Amount minus the amount of any reduction in the Aggregate Outstanding Amount of the Securities through the payment of Principal Proceeds plus the aggregate amount of Principal Proceeds received by the Issuer from the issuance of any additional Secured Notes, Junior Mezzanine Notes or Preferred Shares (after giving effect to such issuance of any Additional Securities).

Examples of Reinvestment Target Par Balance in a sentence

• In addition, upon any Refinancing in accordance with Condition 7(b)(vi) (Refinancing in relation to a Redemption in Whole), to the extent the Adjusted Collateral Principal Amount exceeds the Reinvestment Target Par Balance such excess may be transferred from the Principal Account to the Interest Account and distributed in accordance with the Interest Proceeds Priority of Payments.

• For purposes of calculating the Reinvestment Target Par Balance, any proceeds of an issuance solely of additional Subordinated Notes and/or Junior Mezzanine Notes designated as Interest Proceeds will be excluded.

• On and after the Refinancing Date, the definition of " Reinvestment Target Par Balance" is amended by adding "by application of Interest Proceeds or Principal Proceeds pursuant to the Priority of Payments" prior to the "plus" at the end of clause (i) thereto.

• Excess Par Amount: The amount, as of any date of determination, equal to the greater of (a) zero and (b)(i) the Aggregate Principal Balance of the Collateral Obligations plus (ii) the amount on deposit in the Principal Collection Account less (iii) the Reinvestment Target Par Balance.

• In addition, at any time during or after the Reinvestment Period, at the direction of the Asset Manager, the Issuer may direct the Trustee to pay from amounts on deposit in the Interest Collection Account any amount required to exercise a warrant held in the Collateral to the extent after giving effect thereto, the Aggregate Principal Amount of all Underlying Assets plus Eligible Investments representing Principal Proceeds will be greater than the Reinvestment Target Par Balance.

More Definitions of Reinvestment Target Par Balance

Reinvestment Target Par Balance. As of any date of determination, the Target Initial Par Amount minus the amount of any reduction in the Aggregate Outstanding Amount of the Notes through the payment of Principal Proceeds.

Reinvestment Target Par Balance. The Aggregate Ramp-Up Par Amount minus (A) any reduction in the Aggregate Outstanding Amount of the Notes through the payment of Principal Proceeds or Interest Proceeds plus (B) the aggregate amount of Principal Proceeds that result from the issuance of any Additional Notes (after giving effect to such issuance of any Additional Notes).

Reinvestment Target Par Balance. As of any date of determination, the Target Initial Par Amount minus the amount of any reduction in the Aggregate Outstanding Amount of the Debt through the payment of Principal Proceeds plus the aggregate amount of Principal Proceeds received by the Issuer from the issuance or incurrence, as applicable, of any Additional Debt and any Preferred Shares that are issued or incurred pro rata with such Additional Debt (after giving effect to such issuance or incurrence, as applicable, of any Secured Debt).

Reinvestment Target Par Balance means, as of any date of determination, the Effective Date Target Par Amount minus (i) the amount of any reduction in the Aggregate Outstanding Amount of the Secured Notes (other than the Class X Notes) plus (ii) the aggregate amount of Principal Proceeds that result from the issuance of any Additional Notes under and in accordance with this Indenture (after giving effect to such issuance of any Additional Notes).

Reinvestment Target Par Balance. As of any date of determination, (i) $320,000,000 minus (ii) the amount of any reduction in the Aggregate Outstanding Amount of the Class A Notes through the payment of Principal Proceeds.

Reinvestment Target Par Balance. (x) Solely for purposes of the definition of Restricted Trading Period, the Aggregate Risk Adjusted Par Amount plus the Aggregate Outstanding Amount of any Additional Notes issued pursuant to Sections 2.13 and 3.2 or, if greater, the aggregate amount of Principal Proceeds that result from the issuance of Additional Notes and (y) for all other purposes, as of any date of determination, the Target Initial Par Amount plus the Aggregate Outstanding Amount of any Additional Notes issued pursuant to Sections 2.13 and 3.2, or, if greater, the aggregate amount of Principal Proceeds that result from the issuance of such Additional Notes minus, in each case, the amount of any reduction in the Aggregate Outstanding Amount of the Notes through the payment of Principal Proceeds.

Reinvestment Target Par Balance. As of any date of determination, the Target Initial Par Amount minus the amount of any reduction in the Aggregate Outstanding Amount of the Secured Debt and Subordinated Securities through the payment of Principal Proceeds plus the aggregate amount of Principal Proceeds received by the Issuer from the issuance or incurrence of any Additional Debt, additional Subordinated Securities or Junior Mezzanine Debt (after giving effect to such issuance or incurrence of any Additional Debt, additional Subordinated Securities or Junior Mezzanine Debt).