USE FOR ASSET BASED LOANS Sample Clauses

USE FOR ASSET BASED LOANS. COLLATERAL OBLIGATION INFORMATION Obligor Name Domicile Eligible Currency Obligor EBITDA (including cash and non-cash adjustments) Pledged Amount Purchase price Original Leverage Multiple Original Effective LTV Detaching Effective LTV Maximum Effective LTV (before triggering a Revaluation Event) Collateral Type (working capital, fixed assets, IP, other (identify)) Approved Valuation Firm Date of Last Appraisal Appraised Value Required Appraisal Frequency [6 months][12 months] Loan Type (Lien Position) Xxxxx’x Industry Classification S&P Industry Classification BORROWING BASE RELATED INFORMATION Advance Rate Discount Factor OTHER (describe any conditions to the Eligible Collateral Obligations that are being requested to be added or waived by the Facility Agent, proposed custom Revaluation Events, or any occurrence of a Revaluation Event) Detaching Leverage Multiple Loan Type (Lien Position) Xxxxx’x Industry Classification BORROWING BASE RELATED INFORMATION Advance Rate Discount Factor OTHER (describe any conditions to the Eligible Collateral Obligations that are being requested to be added or waived by the Facility Agent, proposed custom Revaluation Events, or any occurrence of a Revaluation Event)
Sample 1
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USE FOR ASSET BASED LOANS. COLLATERAL OBLIGATION INFORMATION Obligor Name Domicile Eligible Currency Obligor EBITDA (including cash and non-cash adjustments) Pledged Amount Purchase price Original Leverage Multiple Original Effective LTV Detaching Effective LTV Maximum Effective LTV (before triggering a Revaluation Event) Collateral Type (working capital, fixed assets, IP, other (identify)) Approved Valuation Firm Date of Last Appraisal Appraised Value Required Appraisal Frequency [6 months][12 months] Loan Type (Lien Position) Xxxxx’x Industry Classification BORROWING BASE RELATED INFORMATION Advance Rate Discount Factor OTHER (describe any conditions to the Eligible Collateral Obligations that are being requested to be added or waived by the Facility Agent, proposed custom Revaluation Events, or any occurrence of a Revaluation Event)
Sample 1
USE FOR ASSET BASED LOANS. COLLATERAL OBLIGATION INFORMATION Obligor Name Domicile Eligible Currency Obligor EBITDA (including cash and non-cash adjustments) Maturity Date Interest coupon/ spread above LIBORTerm SOFR Principal Balance Pledged Amount1 Purchase Price Original Leverage Multiple Original Effective LTV Maximum Effective LTV (before triggering a Revaluation Event) 1 Defined as the outstanding principal balance of such Collateral Obligation prior to any adjustments. Collateral Type (working capital, fixed assets, IP, other (identify)) Approved Valuation Firm Date of Last Appraisal Appraised Value Required Appraisal Frequency [6 months][12 months] Loan Type (Lien Position) Moody’s Industry Classification MSD Agented Loan (yes/no) BORROWING BASE RELATED INFORMATION Advance Rate Discount Factor OTHER (describe any conditions to the Eligible Collateral Obligations that are being requested to be added or waived by the Facility Agent in its sole discretion, proposed custom Revaluation Events, or any occurrence of a Revaluation Event) EXHIBIT C-4 FORM OF PREPAYMENT NOTICE Deutsche Bank AG, New York Branch as Facility Agent One Columbus Circle New York, NY 10019 Attention: Asset Finance Department Email: Axxx.Xxxxx@xx.xxx, Jxxxx.Xxxx@xx.xxx; Exxxx.Xxxx@xx.xxx; axx.xxxxxxxx.@dx.xxx; lxxxxxxxxxxxx_xxxxxxxxxxxx@xxxx.xx.xxx U.S. Bank Trust Company, National Association as Collateral Agent 100 Xxxxx XxXxxxx Xxxxxx Chicago, IL 60603 Attention: Global Corporate Trust – MSD BDC SPV I, LLC Email: kxxxx.xxxxxxxxx@xxxxxx.xxx Telephone: (000) 000-0000 Each Agent pursuant to the Loan Financing Agreement _______, 201_ RE: Prepayment Notice: [$__________] Gentlemen and Ladies: This Prepayment Notice is delivered to you pursuant to Section 2.4 of the Loan Financing and Servicing Agreement, dated as of December 21, 2021, (together with all amendments or any other modifications, if any, from time to time made thereto, the “Loan Financing Agreement”), among MSD BDC SPV I, LLC, as Borrower (the “Borrower”), MSD Investment, LLC, Corp., as Equityholder and as Servicer, U.S. Bank Trust Company, National Association, as Collateral Agent and, U.S. Bank National Association as Collateral Custodian, the Agents and Lenders from time to time parties thereto, and Deutsche Bank AG, New York Branch, as Facility Agent. Unless otherwise defined herein or the context otherwise requires, capitalized terms used herein have the meanings provided in the Loan Financing Agreement. The Borrower hereby notifies the address...
Sample 1
USE FOR ASSET BASED LOANS. COLLATERAL OBLIGATION INFORMATION Obligor Name Domicile Eligible Currency Obligor EBITDA (including cash and non-cash adjustments) Maturity Date Interest coupon/ spread above LIBORTerm SOFR Cut-Off Date Principal Balance Pledged Amount1 Purchase Price Original Leverage Multiple Original Effective LTV Collateral Type (working capital, fixed assets, IP, other (identify)) Approved Valuation Firm Date of Last Appraisal Appraised Value Required Appraisal Frequency [6 months][12 months] Loan Type (Lien Position) Moody’s Industry Classification MSD Agented Loan (yes/no) 1 Defined as the outstanding principal balance of such Collateral Obligation prior to any adjustments.
Sample 1

Related to USE FOR ASSET BASED LOANS

  • Eligible Receivables Each Receivable included as an Eligible Receivable in the calculation of the Net Receivables Pool Balance as of any date is an Eligible Receivable as of such date.

  • Certain Characteristics of the Receivables (A) Each Receivable had a remaining maturity, as of the Cutoff Date, of not less than 3 months and not more than 75 months.

  • Borrowing Base Assets (a) The Eligible Real Estate and Borrowing Base Loans included in the calculation of the Borrowing Base Availability shall at all times satisfy all of the following conditions:

  • Borrowing Mechanics for Term Loans (i) the Borrower shall deliver to the Administrative Agent a fully executed Borrowing Notice no later than three (3) Business Days prior to the Closing Date. Promptly upon receipt by the Administrative Agent of such Borrowing Notice, the Administrative Agent shall notify each Lender of the proposed borrowing.

  • Eligible Inventory As to each item of Inventory that is identified by any Borrower as Eligible Inventory in a Borrowing Base Certificate submitted to Agent, such Inventory is (a) of good and merchantable quality, free from known defects, and (b) not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary criteria) set forth in the definition of Eligible Inventory.

  • Eligible Accounts The words “Eligible Accounts” mean at any time, all of Borrower’s Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender in writing, Eligible Accounts do not include:

  • Collateral Value 12 Commission..............................................................................................12 Company ...............................................................................................12

  • Borrowing Mechanics for Revolving Loans (i) Except pursuant to Section 2.4(d), Revolving Loans that are Base Rate Loans shall be made in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount, Revolving Loans that are Eurodollar Rate Loans shall be in an aggregate minimum amount of $5,000,000 and integral multiples of $1,000,000 in excess of that amount.

  • APPLIED TO THE DEBT REGARDLESS OF ANY APPRAISED VALUE OF THE COLLATERAL The undersigned specifically acknowledges and affirms its waiver of appraisal rights as evidenced by its signature below.

  • SALE/PURCHASE OF ADDITIONAL LOANS AND SUBSTITUTION OF SUBSTITUTED LOANS (A) Requirements Relating to Additional Loans From time to time during the Supplemental Purchase Period, SLM ECFC may, but shall not be obligated to, sell Eligible Loans to Funding, and Funding may (but only to the extent that the Eligible Loans are contemporaneously sold to the Eligible Lender Trustee on behalf of the Trust in accordance with the Sale Agreement and the related Additional Sale Agreement) purchase such Additional Loans from SLM ECFC at the related Additional Loans Purchase Price set forth in the related Additional Purchase Agreement. In addition, at any time, SLM ECFC may transfer Substituted Loans to Funding in satisfaction of any Loan repurchase obligations hereunder. The sale and purchase (or substitution) of Additional Loans (or Substituted Loans) pursuant to an Additional Purchase Agreement shall be consummated as set forth in this Section 3.2.

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