Eligible Collateral Loan definition
Eligible Collateral Loan means, as of any date of determination, a Collateral Loan that meets each of the following criteria:
Eligible Collateral Loan means a Collateral Loan that (1) has been approved by the Administrative Agent prior to the acquisition thereof by the Borrower and (2) satisfies each of the following eligibility requirements on any date of determination (unless otherwise expressly waived by the Administrative Agent on a case-by-case basis):
Eligible Collateral Loan. “Eligible Country,” “Minimum Equity Amount,” “Collateral Quality Test,” “Tranche A Borrowing Base,” “Tranche B Borrowing Base,” “Tranche C Borrowing Base,” “Tranche A Minimum OC Coverage Test,” “Tranche B Minimum OC Coverage Test,” “Tranche C Minimum OC Coverage Test,” “Tranche A Collateral Loan,” “Tranche B Collateral Loan,” “Tranche C Collateral Loan,” or any Collateral Quality Test set forth therein or component thereof defined therein; (h) modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof or (i) extend the Reinvestment Period.
Examples of Eligible Collateral Loan in a sentence
The disbursement of Advances will be funded (i) in the event the proceeds of such Advance will be applied to the purchase or origination of an Eligible Collateral Loan on such date, as directed by the Borrower in writing and otherwise in accordance with Section 2.02(b) as if such funds were being withdrawn from the Pre-Funding Account, or (ii) otherwise, directly into the Pre-Funding Account, subject to withdrawal as expressly permitted hereunder.
Each Collateral Loan included in a Borrowing Base Certificate required to be delivered by it under this Agreement as an Eligible Collateral Loan was, in fact, an Eligible Collateral Loan at such time.
The Collateral Manager shall provide the Collateral Administrator with any waivers of any eligibility requirements (as set forth in the definition of Eligible Collateral Loan) by the Administrative Agent.
More Definitions of Eligible Collateral Loan
Eligible Collateral Loan. “Eligible Country”, “Minimum Equity Amount”, “Collateral Quality Test”, or any Collateral Quality Test set forth therein or component thereof defined therein; (h) modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof or (i) extend the Reinvestment Period.
Eligible Collateral Loan means a Collateral Loan that satisfies each of the following eligibility requirements on any date of determination (unless otherwise expressly waived by the Administrative Agent, in its sole discretion on a case-by-case basis; provided that, in the event that greater than 10% of the Borrowing Base Value is derived from Collateral Loans for which (i) one or more of the below eligibility requirements have been waived or (ii) Excess Concentration Amounts have been approved, by the Administrative Agent in its sole discretion, any additional waivers by the Administrative Agent shall require the consent of the Required Lenders):
Eligible Collateral Loan means, as of any date of determination, a Collateral Loan that meets each of the following
Eligible Collateral Loan has the meaning set forth in Section 2(b)(ii).
Eligible Collateral Loan means, as of any date of determination, a Collateral Loan that meets each of the following criteria: (a) it is (i) a First Lien Loan, (ii) a Second Lien Loan or (iii) a First Lien Last Out Loan; (b) if such Collateral Loan is not a Recurring Revenue Collateral Loan, the Obligor of such Collateral Loan has a minimum EBITDA of the Dollar Equivalent of $10,000,000 for the most recently ended quarterly financial period immediately preceding the origination date for which financial statements are available; (c) [Reserved]; (d) it is denominated in a Permitted Currency and does not permit the currency or country in which such Collateral Loan is payable to be changed except to another Permitted Currency; (e) the relevant Obligor’s principal place of business and/or incorporation, formation or organization and/or headquarters are in an Eligible Country;
Eligible Collateral Loan. “Eligible Country,” “Interest Coverage Ratio,” “Interest Coverage Ratio Test”, “Minimum Equity Amount,” “Class 1 Loan,” “Class 2A Loan,” “Class 2B Loan” or “Class 3 Loan” or any component thereof defined therein (in each case, other than any administrative, non-material amendment agreed to by the Borrower and the Administrative Agent), (h) modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof or (i) extend the Reinvestment Period, in each case to the extent such amendment, modification, waiver or supplement relates to such Lender.
Eligible Collateral Loan. “Eligible Country” means (a) the United States, (b) Canada, (c) the United Kingdom, (d) Australia and (e) OECD countries with a country ceiling for foreign currency bonds of at least “Aa2” by ▇▇▇▇▇’▇ and a foreign currency issuer credit rating of at least “AA” by S&P. “Eligible Investments” means any Available Currency investment that, at the time it is Delivered, is cash or one or more of the following obligations or securities: (a) direct interest bearing obligations of, and interest bearing obligations guaranteed as to timely payment of principal and interest by, the United States or any agency or instrumentality of the United States, the obligations of which are backed by the full faith and credit of the United States; (b) demand or time deposits in, certificates of deposit of, bank deposit products, demand notes of, or bankers’ acceptances issued by any depository institution or trust company organized under the laws of the United States or any State thereof, Canada or any province thereof, the United Kingdom or, if consented to by the Administrative Agent in its sole discretion, the jurisdiction or any constituent jurisdiction thereof of any Available Currency (including any federal or state branch or agency of a foreign depository institution or trust company) and subject to supervision and examination by federal and/or state