Aggregate Assigned Value definition

Aggregate Assigned Value has the meaning specified in Annex C.

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Aggregate Assigned Value means, when used with respect to all or a portion of the Collateral Loans, the sum of the Assigned Values of all or of such portion of the Collateral Loans.

Aggregate Assigned Value means the greater of (a) 50% of the Aggregate Commitments and (b) the aggregate of the Assigned Values of each Eligible Collateral Asset (before giving effect to the Portfolio Criteria or the second proviso in Eligibility Criteria (b)) plus the par value of all Cash and Cash Equivalents owned by the Borrower and credited to the Collateral Account (excluding Excluded Amounts); provided, however, that the Aggregate Assigned Value shall be determined solely pursuant to clause (b) of this definition on and after the date on which the aggregate of the Assigned Values of each Eligible Collateral Asset (before giving effect to the Portfolio Criteria or the second proviso in Eligibility Criteria (b)) plus the par value of all Cash and Cash Equivalents owned by the Borrower and credited to the Collateral Account (excluding Excluded Amounts) equal or exceed 50% of the Aggregate Commitments.

Examples of Aggregate Assigned Value in a sentence

The Assigned Value of all Eligible Collateral Assets that are Second Lien Bank Loans may not exceed 10.0% of the Aggregate Assigned Value.
The Assigned Value of all Eligible Collateral Assets that are Participation Interests (excluding any Participation Interest acquired pursuant to any Master Participation Agreement) may not exceed 25% of the Aggregate Assigned Value.
The Assigned Value of all Eligible Collateral Assets that are Permitted Deferrable Assets may not exceed 5.0% of the Aggregate Assigned Value.
The Assigned Value of all Eligible Collateral Assets for which the obligors are domiciled in a jurisdiction other than the United States or Canada may not exceed 5.0% of the Aggregate Assigned Value.
The Assigned Value of all Eligible Collateral Assets which are Partial PIK Assets may not exceed 10.0% of the Aggregate Assigned Value.
The Assigned Value of all Eligible Collateral Assets that are Senior Secured Bonds may not exceed 2.0% of the Aggregate Assigned Value.
The Assigned Value of Eligible Collateral Assets that are not priced by at least two independent sources (as evidenced by data from the applicable Pricing Source) may not exceed 10% of the Aggregate Assigned Value.
The sum of (A) the aggregate Unfunded Exposure Amount and Assigned Value of the Revolving Loans and (B) the aggregate Unfunded Exposure Amount of the Delayed Drawdown Loans, collectively, may not exceed 5.0% of the Aggregate Assigned Value.
The Assigned Value of Eligible Collateral Assets that are Delayed Draw Assets may not exceed 5.0% of the Aggregate Assigned Value.

More Definitions of Aggregate Assigned Value

Aggregate Assigned Value means the aggregate of the Assigned Values of each Eligible Collateral Asset (whether or not included in the Borrowing Base) plus the par value of all Cash and Cash Equivalents owned by the Borrower and credited to the Collection Account (excluding Excluded Amounts); provided that the Aggregate Assigned Value shall be deemed to be an amount equal to the Aggregate Commitments from the Closing Date until the earlier of (a) the date that is six months after the Closing Date (or, in the case of any increase in the Aggregate Commitments pursuant to Section 2.14, six months after such increase) and (b) the date on which the Assigned Values of each Eligible Collateral Asset (whether or not included in the Borrowing Base) plus the par value of all Cash and Cash Equivalents owned by the Borrower credited to the Collection Account (excluding Excluded Amounts) shall equal at least an amount equal to the Aggregate Commitments.

Aggregate Assigned Value means (a) during the Availability Period, the greater of (x) the sum of the Assigned Values of all Eligible Collateral Assets (before giving effect to the Portfolio Criteria) plus the Adjusted Cash Balance and (y) the Aggregate Commitments and (b) after the end of the Availability Period, an amount equal to the sum of the Assigned Values of all Eligible Collateral Assets (before giving effect to the Portfolio Criteria) plus the Adjusted Cash Balance, in each case, as of the last day of the Availability Period.

Aggregate Assigned Value means the greater of (a) the Aggregate Commitments and (b) the aggregate of the Assigned Values of each Eligible Collateral Asset (before giving effect to the Portfolio Criteria set forth in Annex B) plus the par value of all Cash and Cash Equivalents owned by the Borrower and credited to the Collateral Account.

Aggregate Assigned Value means the aggregate of the Assigned Values of each Eligible Collateral Asset (before giving effect to the Portfolio Criteria) plus the par value of all Cash and Cash Equivalents owned by the Borrower and credited to the Collection Account; provided, however, that the Aggregate Assigned Value shall be deemed to be an amount equal to the Aggregate Commitments from the Closing Date until the earlier of (a) the date that is six months after the Closing Date and (b) the date on which the Assigned Values of each Eligible Collateral Asset (before giving effect to the Portfolio Criteria) plus the par value of all Cash and Cash Equivalents owned by the Borrower credited to the Collection Account shall equal at least an amount equal to the Aggregate Commitments.