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:
Examples of Value Adjustment Event in a sentence
The Borrower will provide the Administrative Agent and each Lender Agent (with a copy to the Collateral Agent) with prompt written notice of the occurrence of each Value Adjustment Event, Collateral Manager Event of Default, Event of Default and each Unmatured Event of Default of which the Borrower has knowledge or has received notice.
Realization upon Loans Subject to an Assigned Value Adjustment Event.
The Assigned Value of any Loan Asset may be increased at the sole discretion of the Administrative Agent upon improvement in the Net Leverage Ratio or the Interest Coverage Ratio of such Loan Asset, as the case may be, as part of a Value Adjustment Event; provided that such Assigned Value may not increase above the Advance Date Assigned Value.
The Servicer will provide the Administrative Agent and each Lender (with a copy to the Collateral Agent) with immediate written notice of the occurrence of any Value Adjustment Event with respect to any Eligible Loan Asset of which the Servicer has knowledge or has received notice.
Section 6.5 Realization Upon Loans Subject to an Assigned Value Adjustment Event.