Common use of Calculation Procedures Clause in Contracts

Calculation Procedures. (a) Except as expressly provided herein, for purposes of calculating compliance with any test under this Agreement in connection with the acquisition or disposition of a Loan Asset or Permitted Investment, the settlement date (and not the trade date) with respect to any such Loan Asset or Permitted Investment under consideration for acquisition or disposition shall be used to determine whether such acquisition or disposition is permitted hereunder. (b) Except as expressly set forth herein, for purposes of calculating the Concentration Limits, the settlement date (and not the trade date) with respect to each Loan Asset shall be used for such calculation. (c) All determinations of the Concentration Limits shall be determined in good faith by the Servicer subject to the ability of the Administrative Agent to object to such determination. In the event the Administrative Agent objects to such calculation, the Administrative Agent and the Servicer shall work in good faith to determine the Concentration Limits.

Calculation Procedures. (a) Except as expressly provided herein, for purposes of calculating compliance with any test under this Agreement in connection with the acquisition or disposition of a Loan Asset or Permitted Investment, the settlement trade date (and not the trade settlement date) with respect to any such Loan Asset or Permitted Investment under consideration for acquisition or disposition shall be used to determine whether such acquisition or disposition is permitted hereunder. (b) Except as expressly set forth herein, for purposes of calculating the Concentration Limits, the settlement date (and not the trade date) with respect to each Loan Asset shall be used for such calculation. (c) All determinations of the Concentration Limits shall be determined in good faith by the Servicer subject to the ability of the Administrative Agent to object to such determination. In the event the Administrative Agent objects to such calculation, the Administrative Agent and the Servicer shall work in good faith to determine the Concentration Limits. (d) Except as otherwise provided herein, Loan Assets that are not Eligible Loan Assets will not be included in the calculation of the Collateral Quality Tests.