Aggregate Excess Funded Spread means, as of any date of determination, the amount obtained by multiplying: (a) the Base Rate applicable to the Floating Rate Notes during the Interest Accrual Period in which such Measurement Date occurs by (b) the amount (not less than zero) equal to (i) the Aggregate Principal Balance of the Underlying Assets (excluding any Defaulted Obligation and the unfunded portion of any Delayed-Draw Loan or of any Revolving Credit Facility) as of such date of determination, minus (ii) the sum of (1) either (x) prior to the end of the Reinvestment Period, the Effective Date Target Par Amount or (y) after the Reinvestment Period, the excess of (I) the Effective Date Target Par Amount over (II) the amount of any reduction in the Aggregate Outstanding Amount of the Notes through the payment of Principal Proceeds and (2) the proceeds of the issuance of Additional SecuritiesNotes (if any) treated as Principal Proceeds.
Aggregate Excess Funded Spread means, as of any date of determination, the amount obtained by multiplying: (a) the Base Rate applicable to the Floating Rate Notes during the Interest Accrual Period in which such Measurement Date occurs by (b) the amount (not less than zero) equal to (i) the Aggregate Principal Balance of the Underlying Assets (excluding, for any Deferred Interest Asset, any interest that has been deferred and capitalized and the unfunded portion of any Delayed-Draw Loan or of any Revolving Credit Facility) as of such date of determination, minus (ii) the Reinvestment Target Par Balance.
Aggregate Excess Funded Spread. As of any Measurement Date, the product of: (a) the amount equal to LIBOR applicable to the Class A Notes during the Interest Accrual Period in which such Measurement Date occurs, multiplied by (b) the amount (not less than zero) equal to (i) the Aggregate Principal Amount of the Collateral Obligations as of such Measurement Date minus (ii) $320,000,000.
Examples of Aggregate Excess Funded Spread in a sentence
For purposes of calculating the Aggregate Funded Spread and the Aggregate Excess Funded Spread, on any Measurement Date before the Interim Payment Date, LIBOR as in effect for the Floating Rate Notes will be deemed to be equal to LIBOR as in effect for the Class A-1 Notes.
The definition of “ Aggregate Excess Funded Spread ” contained in Section 1.1 of the Indenture is hereby amended by replacing the number “$1,320,000,000” at the end of such definition with the number “$1,791,500,000”.
More Definitions of Aggregate Excess Funded Spread
Aggregate Excess Funded Spread. As of any Measurement Date, the amount obtained by multiplying:
Aggregate Excess Funded Spread means, as of any Measurement Date, the amount obtained by multiplying:
Aggregate Excess Funded Spread. As of any Measurement Date, the amount obtained by multiplying: (a) the amount equal to LIBOR applicable to the Secured Notes during the Interest Accrual Period in which such Measurement Date occurs; by (b) the amount (not less than zero) equal to (i) the Aggregate Principal Balance of the Collateral Obligations as of such Measurement Date minus (ii) the sum of (A) the Target Initial Par Amount plus (B) the aggregate amount of Principal Proceeds received from the issuance of additional Notes pursuant to Section 2.13 and Section 3.2 to the extent the proceeds thereof are used to purchase additional Collateral Obligations.
Aggregate Excess Funded Spread means, as of any date of determination, the amount obtained by multiplying (a) the Benchmark with an Available Tenor of three-months in the case of the Term SOFR Rate (or a similar Corresponding Tenor otherwise) by (b) the amount (not less than zero) equal to (i) the Aggregate Principal Balance of the Performing Collateral Obligations (excluding the unfunded portions of all Revolving Collateral Loans and Delayed Drawdown Collateral Loans) as of such date of determination, minus (ii) the Target Par Amount.
Aggregate Excess Funded Spread means, as of any date of determination, the amount obtained by multiplying: (a) LIBOR applicable to the Floating Rate Notes during the Interest Accrual Period in which such Measurement Date occurs by (b) the amount (not less than zero) equal to (i) the Aggregate Principal Balance of the Collateral Obligations (excluding, for any Deferred Interest Obligation, any interest that has been deferred and capitalized and the unfunded portion of any Delayed Drawdown Collateral Obligation or of any Revolving Collateral Obligation) as of such date of determination, minus (ii) the Reinvestment Target Par Balance.
Aggregate Excess Funded Spread contained in Section 1.1 of the Indenture is hereby amended by replacing the number “$1,320,000,000” at the end of such definition with the number “$1,791,500,000”.
Aggregate Excess Funded Spread. As of any Measurement Date, the amount obtained by multiplying: (a) the amount equal to the Reference Rate applicable to the Floating Rate Notes during the Interest Accrual Period in which such Measurement Date occurs; by (b) the amount (not less than zero) equal to (i) the Aggregate Principal Balance of the Collateral Obligations (excluding, for any Deferring Obligation, any interest that has been deferred and capitalized thereon) as of such Measurement Date minus (ii) the Target Initial Par Amount minus (iii) the aggregate amount of Principal Proceeds received from the issuance of additional notes pursuant to Sections 2.13 and 3.2.