Debt Securities Collateral Percentage -. The Collateral Percentage for a Position consisting of applicable Debt Securities that are Eligible Securities shall be Debt Core Rate; provided that (i) the Collateral Percentage for any Debt Security which trades below 40% of its nominal value shall be 100%, (ii) if a Debt Security’s remaining maturity is greater than 10 years, its Collateral Percentage shall be the Debt Core Rate plus 10%, and (iii) if a Debt Security is a Payment-in-Kind Bond, its Collateral Percentage shall be the Debt Core Rate plus 10%.
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Samples: Committed Facility Agreement (FS Global Credit Opportunities Fund), Committed Facility Agreement (FS Investment Corp IV), Committed Facility Agreement (FS Global Credit Opportunities Fund-D)
Debt Securities Collateral Percentage -. The Collateral Percentage for a Position consisting of applicable Debt Securities that are Eligible Securities shall be the Debt Core Collateral Rate; provided that (i) the Collateral Percentage for any Debt Security which trades below 40% of its nominal value shall be 100%, (ii) if a Debt Security’s remaining maturity is greater than 10 years, its Collateral Percentage shall be the Debt Core Collateral Rate plus 10%, and (iii) if a Debt Security is a Payment-in-Kind Bond, its Collateral Percentage shall be the Debt Core Collateral Rate plus 10%, and (iv) the Gross Market Value of CCC bonds stays below 50% of Portfolio Gross Market Value.
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Samples: Facility Agreement (FS Multi-Alternative Income Fund)
Debt Securities Collateral Percentage -. The Collateral Percentage for a Position consisting of applicable Debt Securities that are Eligible Securities shall be the Debt Core Collateral Rate; provided that (i) the Collateral Percentage for any Debt Security which trades below 40% of its nominal value shall be 100%, (ii) if a Debt Security’s remaining maturity is greater than 10 years, its Collateral Percentage shall be the Debt Core Collateral Rate plus 1015%, and (iii) if a Debt Security is a Payment-in-Kind Bond, its Collateral Percentage shall be the Debt Core Collateral Rate plus 10%.
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Samples: Committed Facility Agreement (FS Energy & Power Fund)
Debt Securities Collateral Percentage -. The Collateral Percentage for a Position consisting of applicable Debt Securities that are Eligible Securities shall be Debt Core Rate; provided that (i) the Collateral Percentage for any Debt Security which trades below 40% of its nominal value shall be 100%, (ii) if a Debt Security’s 's remaining maturity is greater than 10 years, its Collateral Percentage shall be the Debt Core Rate plus 10%, and (iii) if a Debt Security is a Payment-in-Kind Bond, its Collateral Percentage shall be the Debt Core Rate plus 10%.
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