Target Initial Par Amount definition

Target Initial Par Amount. U.S.$400,000,000.

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Target Initial Par Amount. U.S.$300,000,000.

Target Initial Par Amount. U.S.$450,000,000.

Examples of Target Initial Par Amount in a sentence

For the avoidance of doubt, the aggregate amount of Designated Principal Proceeds and Designated Unused Proceeds is not permitted to exceed 1.0% of the Target Initial Par Amount.
At the written direction of the Collateral Manager to the Issuer and the Trustee, with a copy to each Rating Agency, at least twenty (20) Business Days prior to the proposed Redemption Date, the Secured Notes shall be subject to redemption by the Issuers, in whole but not in part, at the applicable Redemption Price, on any Business Day after the Non-Call Period on which the Collateral Principal Amount is less than 10% of the Target Initial Par Amount.
Notwithstanding any other requirement set forth in this Indenture, Principal Proceeds may be invested in Workout Loans during the Reinvestment Period; provided that with respect to the use of Principal Proceeds (including to exercise a warrant), the Workout Test is satisfied; provided further the aggregate amount of Principal Proceeds applied to purchase Workout Loans, measured cumulatively from the Closing Date onward, may not exceed 5.0% of the Target Initial Par Amount.
In connection with a prospective Clean-Up Optional Redemption, the Collateral Manager will notify the Issuer, the Trustee, the Collateral Administrator and the Holders of the Subordinated Notes if, as of any Measurement Date following the Non-Call Period, the Aggregate Principal Balance of the Collateral Obligations decreases to less than 15% of the Target Initial Par Amount.

More Definitions of Target Initial Par Amount

Target Initial Par Amount. U.S.$350,000,000675,000,000.

Target Initial Par Amount means $1,153,846,000.

Target Initial Par Amount. U.S.$525,000,000, plus such additional amount directed by the Collateral Manager subject to satisfaction of the Global Rating Agency Condition in connection with an issuance of Additional Notes.

Target Initial Par Amount. U.S.$862,000,000.

Target Initial Par Amount means $446,000,000. Sch. G-3 Sch. G-4 Sch. G-5 Sch. G-6 Sch. G-7 Sch. G-8 $ , FOR VALUE RECEIVED, the undersigned, ORCC Financing IV LLC, a Delaware limited liability company (the “Borrower”), hereby unconditionally promises to pay to [ ] (the “Lender”), or registered assigns, in lawful money of the United States of America and in immediately available funds, the principal amount of [ ] DOLLARS. The principal amount shall be paid in the amounts and on the dates specified in the Credit Agreement. The Borrower further agrees to pay interest in like money on the unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in the Credit Agreement. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. The Borrower promises to pay interest, on demand, on any overdue principal and, to the extent permitted by law, overdue interest from their due dates at the rate or rates provided in the Credit Agreement. The holder of this Note is authorized to endorse on Schedule I annexed hereto and made a part hereof or on a continuation thereof which shall be attached hereto and made a part hereof the date and amount of each [Revolving][Term] Loan made pursuant to the Credit Agreement and the date and amount of each payment or prepayment of principal thereof and each continuation thereof. Each such endorsement shall constitute prima facie evidence of the accuracy of the information endorsed. The failure to make any such endorsement shall not affect the obligations of the Borrower in respect of such [Revolving][Term] Loan. This Note (a) is a term Note and evidences the [Revolving][Term] Loans made by the Lender under, and is one of the Notes referred to in, the Credit Agreement, dated as of August 2, 2019 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the Lenders party thereto from time to time Société Générale, as Administrative Agent, State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator and Custodian and Cortland Capital Markets Service LLC, as Document Custodian, (b) is subject to the provisions of the Credit Agreement and (c) is subject to optional and mandatory prepayment in whole or in part as provided in the Credit Agreement. This Note is secured as provided in the Loan Documents. Reference is hereby made to the Loan Documents for a descriptio...

Target Initial Par Amount means $769,500,000.

Target Initial Par Amount means (i) for purposes of the Target Initial Par Condition, $781,250,000 and (ii) for purposes of the Adjusted Break-Even Default Rate, $781,250,000.