Portfolio Requirements. Borrower shall at all times cause the Financed Portfolio to be in full compliance with the following requirements:
(a) the average Allocated Loan Amount of all Pledged Loans in the Financed Portfolio and all other Pledged Loans in the Financed Portfolio payable by any Underlying Borrower or its Affiliates shall not exceed seven and one-half of one percent (7.5%) of the Maximum Loan Amount, unless waived by the Requisite Lenders in writing in their sole discretion; provided, however, that solely for purposes of determining compliance with this clause (a), the WBL Entities shall not be considered “Affiliates”;
(b) the lesser of (x) the average Adjusted Principal Balance, or (y) the Fair Value of each Pledged Loan in the Financed Portfolio and all other Pledged Loans in the Financed Portfolio payable by any Underlying Borrower or its Affiliates, shall not exceed, in the aggregate, seven and one-half of one percent (7.5%) of Harvest’s Investible Capital, unless waived by the Requisite Lenders in writing in their discretion; provided, however, that solely for purposes of determining compliance with this clause (b), the WBL Entities shall not be considered “Affiliates”;
(c) the lesser of (x) the average Adjusted Principal Balance of each Pledged Loan in the Financed Portfolio payable by an Underlying Borrower and its Affiliates, or (y) the Fair Value of each Pledged Loan, in the aggregate, shall not exceed (unless waived by the Requisite Lenders in writing in their sole discretion) (I) at all times prior to any increase to the Maximum Loan Amount pursuant to and in accordance with Section 2.12 hereof ten percent (10%) of the Maximum Loan Amount, or (II) if the Maximum Loan Amount is increased pursuant to and in accordance with Section 2.12 hereof, seven and one-half percent (7.5%); provided, however, that solely for purposes of determining compliance with this clause (c), the WBL Entities shall not be considered “Affiliates”;
(d) the weighted average interest rate (which, for the avoidance of doubt, shall not include any interest paid or payable in-kind but shall include the imposition of any interest rate floors) of the Financed Portfolio shall be two and one-half percent (2.50%) greater than the interest rate payable by Borrower pursuant to Section 2.2(a) hereof;
(e) the weighted average Obligor Indebtedness to Enterprise Value ratio (through Borrower’s last dollar) of the Financed Portfolio shall be less than or equal to sixty-seven and one-half of one percen...
Portfolio Requirements. As of the Effective Date with respect to a Qualified Loan, such Qualified Loan has not been purchased or securitized by Xxxxxx Mac, paid in full (through scheduled payments, prepayments or otherwise) or otherwise removed from the Portfolio under the terms and conditions set forth in this Commitment.
Portfolio Requirements. The Company and, with respect to clause (iii) below, its Subsidiaries (on a consolidated basis) shall at all times comply with the requirements of this Section 5.9(a) (the “Portfolio Requirements”).
Portfolio Requirements. So long as any Class A Limited Membership Interests remain outstanding, the Company shall comply with each of the following requirements (the “Portfolio Requirements”):
Portfolio Requirements. The portfolio of Permitted Investments shall fail to satisfy the Portfolio Requirements set forth in Exhibit E (Investment Guidelines and Portfolio Requirements) hereto.
Portfolio Requirements. On each day, the Borrower represents and warrants that each of the following requirements (the "Portfolio Requirements") is satisfied as of such ---------------------- date:
(a) if such date occurs after the date that is six (6) months following the Closing Date, the average Outstanding Loan Balance of all Eligible Loans shall be $2,750,000 or less;
(b) the weighted average maturity of all Eligible Loans that are STLs is three (3) years or less;
(c) the Portfolio Yield equals or exceeds the Minimum Portfolio Yield; and
(d) none of the Concentration Limits is exceeded.
Portfolio Requirements. Before their consideration for continuing contract, faculty members must demonstrate the above criteria through the presentation of a portfolio of accomplishments to be submitted to their academic xxxx for examination by a peer review committee in the middle of their fourth year of employment at the College. The portfolio should contain the following elements:
1. Educational & Professional Background • Updated curriculum vitae
2. Individualized Learning Plan • This is the candidate’s Professional Development Plan, which is written by the candidate in collaboration with his or her Xxxx and Xxxxxxx. The plan should spell out what the faculty member expects to achieve during the pre-continuing contract process. The plan should also contain a roadmap of coursework and other requirements the candidate should complete prior to the granting of continuing contract. This plan should be completed during the first year of employment with the College.
3. Supporting Documentation for four Faculty Learning Outcomes (XXX), as follows:
a. Adequate Preparation
i. Faculty learning outcome statement ii. Explanation of what the faculty candidate did to achieve the outcome (e.g. workshops, articles, etc.)
Portfolio Requirements. 10.1 Pe only asset that the Investor may contribute to the Portfolio is cash unless otherwise agreed with Puma Investments. Xxx xxxx will then be invested by Puma Investments in accordance with the Investor Agreement. For the avoidance of doubt, Puma Investments shall not be obliged to accept any assets of the Investor other than cash in respect of the Service.
10.2 Subject to the ISA Regulations, if the Investor has a Puma AIM IHT ISA, then contributions to the Portfolio shall be credited to the Puma AIM IHT ISA up to the maximum level of ISA subscription available for the Investor that tax year (as specified in the Application Form) which will then be invested in accordance with the Investor Agreement. Investor contributions to the Portfolio that exceed the maximum level of ISA subscription available for the Investor that tax year shall be invested and held outside the Puma AIM IHT ISA.
10.3 In order to invest in the Service, the Investor is required to transfer an amount of not less than £20,000 (the “Initial Investment Amount”).
10.4 Following the initial investment, an Investor may invest subsequent amounts in the Service for the account of his/her Portfolio provided that each subsequent investment amount is equal to or in excess of £10,000 (the “Subsequent Investment Amount”).
10.5 If the Investor wishes to make a withdrawal from the Portfolio and, as a result of that withdrawal, the remaining assets comprising the Portfolio are valued at an amount less than £20,000, then Puma Investments reserves the right to terminate the Investor Agreement with immediate effect. 11.1 Pe Investor confirms that he/she has read and understood the Investment Overview and, in particular, the risk factors set out in it. In performing its services under the Investor Agreement, Puma Investments shall have regard to, and shall comply with, the Investment Mandate.
11.2 Subject always to the Investment Mandate, these Terms and the Applicable Laws (including, for the avoidance of doubt, the FCA Rules, Puma Investments shall, normally acting as agent for the Investor, have full authority at its sole discretion and without prior reference to the Investor or his/her Financial Adviser, if applicable, and at such times as Puma Investments shall think fit, to make and carry out investment decisions in respect of the Portfolio including, without limitation, to buy; sell; retain; convert; exchange; redeem; make deposits; subscribe to issues and apply for offers for sale and accept pl...
Portfolio Requirements. (a) Borrower shall at all times during the Revolving Credit Period and at all times thereafter when the outstanding principal balance of the Loan exceeds the sum of (i) for Eligible A Receivables, seventy-five percent (75%) of the Receivable Balance for each such Pledged Receivable constituting an Eligible A Receivable and (ii) for Eligible B Receivables, thirty-five percent (35%) of the Receivable Balance for each such Pledged Receivable constituting an Eligible B Receivable (the “Portfolio LTV Threshold”), cause the Financed Pool of Eligible Receivables to be in full compliance with the following requirements:
Portfolio Requirements. At all times during the Term, Borrower shall cause its portfolio of Eligible Receivables to be in full compliance with the following requirements (all to be calculated, as of any date of determination, with respect to all Eligible Receivables of such date, as applicable):
(a) The average outstanding principal balance of the Eligible Receivables shall not exceed Fifteen Million Dollars ($15,000,000);
(b) On and after the six (6) month anniversary of the Closing Date, Borrower shall at all times have a minimum of three (3) Eligible Receivables;
(c) The weighted average yield of all Eligible Receivables shall not be less than ten and one-half percent (10.5%);
(d) The weighted average Loan-to-Value shall not exceed eighty percent (80%); and
(e) On and after January 13, 2005, the maximum dollar weighted exposure of Borrower to any single Account Debtor shall not exceed forty percent (40%) of Borrower's portfolio of Eligible Receivables.
