Aggregate Net Collateral Balance definition
Aggregate Net Collateral Balance means, as of any date of determination, the Aggregate Adjusted Collateral Balance minus the Excess Concentration Amount, in each case, as of such date of determination.
Aggregate Net Collateral Balance means, as of any date of determination, the Aggregate Adjusted Collateral Balanceminus the Excess Concentration Amount, in each case, as of such date of determination.
Aggregate Net Collateral Balance means, as of any date of determination, the Aggregate Adjusted Collateral Balance minus the Excess Concentration Amount, in each case, as of such date of determination. “Aggregate Principal Balance” means, when used with respect to all or a portion of the Collateral Loans, the sum of the Principal Balances of all or of such portion of such Collateral Loans. “Agreement” means this Revolving Credit and Security Agreement. “Applicable Accounting Standard” means (a) with respect to any Person organized in the United States (or any State thereof), GAAP and (b) with respect to any Person not organized in the United States (or any State thereof), generally accepted accounting principles as in effect from time to time in the applicable jurisdiction, including IFRS. “Applicable Index” means, with respect to (a) Dollar Advances, ▇▇▇▇ ▇▇▇▇, (b) with respect to GBP Advances, Adjusted Cumulative Compounded ▇▇▇▇▇, (c) with respect to Euro Advances, ▇▇▇▇▇▇▇, (d) with respect to CAD Advances, ▇▇▇▇ ▇▇▇▇▇, (e) with respect to AUD Advances, BBSW, (f) with respect to NZ Advances, BKBM, (g) with respect to ▇▇▇ Advances, ▇▇▇▇▇▇, or, in each case, any other successor index pursuant to the terms of this Agreement. “Applicable Law” means, for any Person, any Law of any Governmental Authority, including all federal and state banking or securities laws, to which the Person in question is subject or by which it or any of its assets or properties are bound. “Applicable Margin” has the meaning assigned to such term in the Lender Fee Letter. “Appraisal” means an appraisal or valuation of a Collateral Loan that is conducted by an Approved Valuation Firm, which may be in the form of an update or reaffirmation by an Approved Valuation Firm of a valuation previously performed by such Approved Valuation Firm or another Approved Valuation Firm. “Approved Collateral Loan” has the meaning specified in Section 2.02 hereof. “Approval Request” has the meaning specified in Section 2.02 hereof.
Examples of Aggregate Net Collateral Balance in a sentence
The Collateral Agent shall re-calculate pursuant to the preceding sentence: (i) Aggregate Net Collateral Balance, (ii) Borrowing Base, (iii) Excess Concentration Amount, (iv) Maximum Available Amount, (v) each Coverage Test, (vi) the Collateral Quality Test, (vii) completion of Priority of Payments pursuant to Section 9.01(a), (viii) balances for each of the Covered Accounts and (ix) such other calculations as may be mutually agreed upon by the Collateral Agent, the Servicer and the Administrative Agent.
More Definitions of Aggregate Net Collateral Balance
Aggregate Net Collateral Balance means, as of any date of determination, the Aggregate Adjusted Collateral Balance