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 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 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.

Examples of Aggregate Excess Funded Spread in a sentence

• As of any Measurement Date, the number obtained by dividing: (a) the amount equal to (A) the Aggregate Funded Spread plus (B) the Aggregate Unfunded Spread plus (C) the Aggregate Excess Funded Spread by (b) an amount equal to the Aggregate Principal Balance of all Floating Rate Obligations as of such Measurement Date, in each case, excluding, for any Deferring Obligation, any interest that has been deferred and capitalized thereon.

• As of any Measurement Date, the number obtained by dividing: (a) the amount equal to (A) the Aggregate Funded Spread plus (B) the Aggregate Unfunded Spread plus (C) the Aggregate Excess Funded Spread (for all purposes other than with respect to the S&P CDO Monitor Test) by (b) an amount equal to the Aggregate Principal Balance of all Floating Rate Obligations as of such Measurement Date, in each case, excluding, for any Deferring Obligation, any interest that has been deferred and capitalized thereon.

• As of any Measurement Date, the number obtained by dividing: (a) the amount equal to (i) the Aggregate Funded Spread plus (ii) the Aggregate Unfunded Spread plus (iii) the Aggregate Excess Funded Spread; by (b) an amount equal to the lesser of (i) the Reinvestment Target Par Balance and (ii) an amount equal to the Aggregate Principal Balance (including for this purpose any capitalized interest) of all Floating Rate Obligations as of such Measurement Date.

• As of any Measurement Date, the number obtained by dividing: (a) the amount equal to (A) the Aggregate Funded Spread plus (B) the Aggregate Unfunded Spread plus (for all purposes other than with respect to the S&P CDO Monitor) (C) the Aggregate Excess Funded Spread by (b) an amount equal to the Aggregate Principal Balance of all Floating Rate Obligations as of such Measurement Date, in each case, excluding, for any Collateral Obligation, any interest that has been deferred and capitalized thereon.

• As of any Measurement Date, the number obtained by dividing: (a) the amount equal to (i) the Aggregate Funded Spread plus (ii) the Aggregate Unfunded Spread plus (iii) the Aggregate Excess Funded Spread, by (b) an amount equal to the lesser of (i) the Reinvestment Target Par Balance and (ii) an amount equal to the Aggregate Principal Balance (including for this purpose any capitalized interest) of all Floating Rate Obligations as of such Measurement Date.

More Definitions of Aggregate Excess Funded Spread

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 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 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 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 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. 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.