Value Adjustment Event definition

Value Adjustment Event means, with respect to any Loan Asset, the occurrence of any one or more of the following events after the related Cut-Off Date:
Value Adjustment Event. With respect to any Loan, the occurrence of any one or more of the following events after the related Funding Date:
Value Adjustment Event means, with respect to any Loan Asset, any occurrence of one or more of the following events (any of which, for the avoidance of doubt, may occur more than once):

Examples of Value Adjustment Event in a sentence

  • For the avoidance of doubt, other than pursuant to clauses (d) and (g) of the definition hereof, the “Assigned Value” of any Loan may not subsequently be adjusted absent a Value Adjustment Event with respect to such Loan or pursuant to the last paragraph of this definition of “Assigned Value”.

  • If a Value Adjustment Event of the type described in clause (b), clause (c), clause (d), clause (f) (solely with respect to a Material Modification described in clause (a), clause (c), clause (d) or clause (e) of the definition thereof) andor clause (g) of the definition thereof with respect to such Loan Asset occurs, the Assigned Value of such Loan Asset will, automatically and without further action by the Administrative Agent, be zero.

  • Promptly upon any Borrower Entity obtaining knowledge of the occurrence of any Value Adjustment Event, the Borrower shall deliver to the Administrative Agent written notice thereof .


More Definitions of Value Adjustment Event

Value Adjustment Event means, with respect to any Loan Asset, the occurrence of any one or more of the following events after the related
Value Adjustment Event means, with respect to any Loan Asset, the occurrence of any one or more of the following events after the related Purchase Date (or, in the case of the Closing Date Loan Assets, the Closing Date):
Value Adjustment Event means the occurrence of any one or more of the following events after the related Cut-Off Date:
Value Adjustment Event means, with respect to a Collateral Obligation or its related obligor, as applicable, the occurrence of any of the following (with each of the financial ratios set forth in clauses (c) and (d) below being referred to herein as a “Financial Ratio”):
Value Adjustment Event means, with respect to any Collateral Loan, the occurrence of any of one or more of the following events after the related Acquisition Date (or, in the case of the Closing Date Collateral Loans, the Closing Date):
Value Adjustment Event. With respect to any Portfolio Asset, the occurrence of any one or more of the following events after the Portfolio Asset Trade Date of such Portfolio Asset:
Value Adjustment Event once the Net Leverage Ratio or the Interest Coverage Ratio (as the case may be) that gave rise to such decrease has improved; provided that such Assigned Value may not increase above the Advance Date Assigned Value. The Administrative Agent shall promptly notify the Servicer of any change effected by the Administrative Agent of the Assigned Value of any Loan Asset.