Advance Date Assigned Value means, with respect to any Loan Asset included in the calculation of the Borrowing Base, the value (expressed as a percentage of the Outstanding Principal Balance of such Loan Asset) equal to the value initially set forth on Schedule V hereto as of the Closing Date or, with respect to Loan Assets included after the Closing Date, the value determined by the Servicer and reflected on the books and records of the Transferor as of the Cut-Off Date; provided, in no event shall the Advance Date Assigned Value exceed 100%, and provided, further, any Loan Asset that is determined to have an Advance Date Assigned Value equal to or greater than 97% shall be deemed to have an Assigned Value equal to 100%.

Advance Date Assigned Value means, with respect to any Loan Asset, the value (expressed as a percentage of the Outstanding Principal Balance of such Loan Asset) equal to the value initially set forth on Schedule V hereto as of the Closing Date or, with respect to Loan Assets included after the Closing Date, the value determined by the Servicer as of the Cut-Off Date; provided, in no event shall the Advance Date Assigned Value exceed 100%, and provided, further, any Loan Asset that is determined to have an Advance Date Assigned Value equal to or greater than 95% shall be deemed to have an Assigned Value equal to 100%.

Advance Date Assigned Value means, with respect to any Loan Asset, the value (expressed as a percentage of the Outstanding Balance of such Loan Asset) equal to the lesser of (i) the purchase price paid by the Borrower to acquire such Loan Asset (expressed exclusive of accrued interest) and (ii) the Assigned Value as of the date of contribution of such Loan Asset into the Collateral Portfolio.

Examples of Advance Date Assigned Value in a sentence

Each of the Contributee and the Contributor hereby agree that the fair market value of each Loan Asset Contributed hereunder as of the related Contribution Date shall not be less than the Advance Date Assigned Value thereof multiplied by the Outstanding Principal Balance of such Loan Asset on the related Contribution Date.

More Definitions of Advance Date Assigned Value

Advance Date Assigned Value means (a) with respect to any Collateral Loan acquired by the Borrower after the Closing Date, the value (expressed as a percentage of the Principal Balance of such Collateral Loan), at the time of acquisition of such Collateral Loan, equal to the lowest of (i) the Principal Balance of such Collateral Loan, (ii) the purchase price paid by the Borrower to acquire such Collateral Loan (expressed exclusive of accrued interest) or (iii) the Fair Value of such Collateral Loan and (b) with respect to any Closing Date Collateral Loan, the “Advance Date Assigned Value” for such Closing Date Collateral Loan as agreed in writing between the Borrower and the Administrative Agent as of the Closing Date.

Advance Date Assigned Value means, (a) with respect to any Loan Asset acquired by the Borrower on or after the Restatement Date, the value (expressed as a percentage of the principal balance of such Loan Asset (exclusive of Accreted Interest)) equal to the lower of (i) the amount paid by the Equityholder to acquire such Loan Asset from the Transferor and by the Borrower to acquire such Loan Asset from the Equityholder (in each case, expressed exclusive of accrued interest) or (ii) the value determined by the Agent, in its sole reasonable discretion and (b) with respect to any Original Loan Asset, the “Advance Date Assigned Value” for such Original Loan Asset set forth on Schedule VI hereto.

Advance Date Assigned Value means (a) with respect to any Loan Asset acquired by the Borrower after the Closing Date, the value (expressed as a percentage of the Outstanding Principal Balance of such Loan Asset), at the time of acquisition of such Loan Asset, equal to the lowest of (i) the Outstanding Principal Balance of such Loan Asset, (ii) the purchase price paid by the Borrower to acquire such Loan Asset (expressed exclusive of accrued interest) or (iii) the Fair Value of such Loan Asset and (b) with respect to any Closing Date Loan Asset, the “Advance Date Assigned Value” for such Closing Date Loan Asset set forth on Schedule VI hereto.

Advance Date Assigned Value. With respect to any Eligible Loan, the lower of (a) the Purchase Price of such Eligible Loan and (b) the value of such Eligible Loan (expressed as a percentage of par) as determined by the Controlling Lender in its sole discretion as of the date upon which such Eligible Loan is acquired by the Borrower.

Advance Date Assigned Value means, with respect to any Loan Asset, the value (expressed as a percentage of the Outstanding Balance of such Loan Asset) equal to the lower of (i) the purchase price paid by the Borrower to acquire such Loan Asset from the Transferor (expressed exclusive of accrued interest) or (ii) the value determined by the Administrative Agent, in its sole reasonable discretion; provided that, the Advance Date Assigned Value shall be zero with respect to second-lien Revolving Loan Assets which fail to meet the criteria set forth in clause (i) of the proviso in Section 1 of Schedule III.

Advance Date Assigned Value. With respect to any Eligible Investment, the lower of: