Asset Value Adjustment Event definition

Asset Value Adjustment Event means, with respect to any Collateral Asset, each occurrence of one or more of the following:
Sample 1Sample 2Sample 3
Asset Value Adjustment Event means, with respect to any Collateral LoanAsset, each occurrence of one or more of the following:
Sample 1
Asset Value Adjustment Event. With respect to any Loan, the occurrence of any of the following:
Sample 1

Examples of Asset Value Adjustment Event in a sentence

  • There is little doubt that the MBSD project site has significant infrastructure and cost challenges as well as significant land building and ecological benefits.


More Definitions of Asset Value Adjustment Event

Asset Value Adjustment Event means, with respect to any Collateral Asset, the occurrence of any one or more of the following events (which, for the avoidance of doubt, may occur more than once) after the related Addition Cut-Off Date: (i) (a) for Rated Collateral Assets (including Rated Collateral Assets which are Priced Loans or Senior Secured Bonds), a Rating Agency providing a Rating for such Collateral Asset has downgraded such Rating from the Rating in effect on the Addition Cut-Off Date and to a rating below “B-” (in the case of S&P or Fitch) or “B3” (in the case of Xxxxx’x), as applicable, or other equivalent rating level from another Rating Agency (it being understood that each downgrade shall be deemed to be a separate Asset Value Adjustment Event), or (b) for any Collateral Asset, the Updated Asset Value of such Collateral Asset reflected on the books and records of the Collateral Manager as of any Updated Asset Value Determination Date has declined by 15.0% or more below the USActive 60058040.860058040.11 -8-
Sample 1
Asset Value Adjustment Event means, with respect to any Collateral Asset, the occurrence of any one or more of the following events (which, for the avoidance of doubt, may occur more than once) after the related Addition Cut-Off Date: (i) (a) for Rated Collateral Assets (including Rated Collateral Assets which are Priced Loans or Senior Secured Bonds), a Rating Agency providing a Rating for such Collateral Asset has downgraded such Rating from the Rating in effect on the Addition Cut-Off Date and to a rating below “B-” (in the case of S&P or Fitch) or “B3” (in the case of Xxxxx’x), as applicable, or other equivalent rating level from another Rating Agency (it being understood that each downgrade shall be deemed to be a separate Asset Value Adjustment Event), or (b) for any Collateral Asset, the Updated Asset Value of such Collateral Asset reflected on the books and records of the Collateral Manager as of any Updated Asset Value Determination Date has declined by 15.0% or more below the Updated Asset Value of such Collateral Asset as of the immediately prior Updated Asset Value Determination Date; (ii) there is a default as to all or any portion of one or more payments of principal and/or interest (i) with respect to such Collateral Asset (giving effect to any grace period applicable thereto but in no event exceeding five (5) Business Days past the applicable due date) or (ii) under any other debt obligation of the Obligor which is senior or pari passu in right of payment to such Collateral Asset
Sample 1

Related to Asset Value Adjustment Event

  • Extraordinary Adjustment Event means any of the following events as they relate to the Reference In- strument:

  • Adjustment Event means each of the following events:

  • Potential Adjustment Event means any of the following:

  • Asset Value has the meaning assigned to such term in the Pricing Side Letter.

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Company receives from portfolio companies) accrued during the calendar quarter, minus the Company’s operating expenses for the quarter (including the base management fee, expenses payable under the administration agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the incentive fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Company has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • Net Asset Value per Unit means the Net Asset Value divided by the number of Units outstanding on the date of calculation.