Common use of Senior Loans Clause in Contracts

Senior Loans. The Fitch Discount Factor applied to senior, secured floating rate Loans made to corporate and other business entities ("Senior Loans") shall be the percentage specified in the table below opposite such Fitch Loan Category: Fitch Loan Category Discount Factor A 115% B 130% C 152% D 370%

Appears in 3 contracts

Samples: Bylaws (RMR Real Estate Income Fund), Bylaws (RMR Real Estate Income Fund), Bylaws (RMR Real Estate Income Fund)

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Senior Loans. The Fitch Discount Factor applied to senior, secured floating rate Loans made to corporate and other business entities ("Senior Loans") shall be the percentage specified in the table below opposite such Fitch Loan Category: Notwithstanding any other provision contained above, for purposes of determining whether a Fitch Eligible Asset falls within a specific Fitch Loan Category, to the extent that any Fitch Eligible Asset would fall within more than one of the Fitch Loan Categories, such Fitch Eligible Asset shall be deemed to fall into the Fitch Loan Category with the lowest applicable Fitch Discount Factor A 115% B 130% C 152% D 370%Factor.

Appears in 3 contracts

Samples: Bylaws (RMR Preferred Dividend Fund), Bylaws (RMR Preferred Dividend Fund), Bylaws (RMR Hospitality & Real Estate Fund)

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Senior Loans. The Fitch Discount Factor applied to senior, secured floating rate Loans made to corporate and other business entities ("Senior Loans") shall be the percentage specified in the table below opposite such Fitch Loan Category: A % B % C % D % Notwithstanding any other provision contained above, for purposes of determining whether a Fitch Eligible Asset falls within a specific Fitch Loan Category, to the extent that any Fitch Eligible Asset would fall within more than one of the Fitch Loan Categories, such Fitch Eligible Asset shall be deemed to fall into the Fitch Loan Category with the lowest applicable Fitch Discount Factor A 115% B 130% C 152% D 370%Factor.

Appears in 1 contract

Samples: Bylaws (RMR Dividend Capture Fund)

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