Aggregate Excess Funded Spread definition
Aggregate Excess Funded Spread means, as of any date of determination, the amount obtained by multiplying: (a) the Benchmark 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 Notes (if any) treated as Principal Proceeds.
Aggregate Excess Funded Spread. As of any date of determination, the amount obtained by multiplying: (a) the Benchmark applicable to the relevant Rated 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 Amount (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) the Reinvestment Target Par Balance and (2) the proceeds of the issuance of Additional Notes (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.
More Definitions of Aggregate Excess Funded Spread
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. 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.
Aggregate Excess Funded Spread. As of any Measurement Date, the amount obtained by multiplying:
Aggregate Excess Funded Spread means, as of any date of determination, the amount obtained by multiplying: (a) the amount equal to the Benchmark during the Accrual Period in which such date of determination occurs; by (b) the amount (not less than zero) equal to (i) the Aggregate Eligible Collateral Obligation Amount as of such date of determination minus (ii) the difference between (A) the Target Portfolio Amount and (B) the sum of any permanent reductions in the Commitments.
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: (i) the Benchmark applicable to the Secured Notes during the Interest Accrual Period in which such Measurement Date occurs; by (ii) the amount (not less than zero) equal to (a) the Aggregate Principal Balance of the Collateral Obligations (excluding (x) for any Deferring Obligation, any interest that has been deferred and capitalized thereon and (y) for the avoidance of doubt, the Principal Balance of any Defaulted Obligation) as of such Measurement Date minus (b) the Target Initial Par Amount minus (c) the aggregate amount of Principal Proceeds received from the issuance of additional notes pursuant to Section 2.13 and 3.2.
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.