Base Margin Requirement definition
Base Margin Requirement means, as of any date of determination and prior to the occurrence and continuation of a Net Asset Value Floor Event, (a) with respect to any Cash or Cash Equivalent, the percentage specified in Annex II-A-1, (b) with respect to any Bank Loan, the percentage specified in Annex II-A-2, determined based upon the Spread To Maturity, Outstanding Facility Size and Number of Pricing Sources for such Bank Loan, and (c) with respect to any Security, the percentage specified in Annex II-A-3, determined based upon the Spread To Maturity and Maturity for such Security.
Base Margin Requirement means, as of any date of determination and prior to the occurrence and continuation of a Net Asset Value Floor Event, (a) with respect to any Cash or Cash Equivalent, the percentage specified in Annex II-A-1, (b) with respect to any Bank Loan, the percentage specified in Annex II-B-1, determined based upon the Spread To Maturity, Outstanding Facility Size and Number of Pricing Sources for such Bank Loan, and (c) with respect to any Corporate Bond Security, the percentage specified in Annex II-C-1, determined based upon the Spread to Maturity and Maturity for each Corporate Bond Security, (d) with respect to any Convertible Security, the percentage specified in Annex II-D-1, determined based on the delta for such Convertible Security, and (e) with respect to any Equity Security, the percentage specified in Annex II-E-1, determined based on the inclusion of such Equity Security in a Major Index.
Base Margin Requirement means, as of any date of determination and prior to the occurrence and continuation of a Net Asset Value Floor Event, (a) with respect to any Cash or Cash Equivalent, the percentage specified in Annex II-A-1, (b) with respect to any Bank Loan, the percentage specified in Annex II-A-2, determined based upon the Spread To Maturity, Outstanding Facility Size and Number of Pricing Sources for such Bank Loan, and (c) with respect to any Security, the percentage specified in Annex II-A-3, determined based upon the Spread To Maturity and Maturity for such Secur ity.
More Definitions of Base Margin Requirement
Base Margin Requirement means, as of any date of determination and prior to the occurrence and continuation of a Net Asset Value Floor Event, (a) with respect to any Cash or Cash Equivalent, the percentage specified in Annex II-A-1, (b) with respect to any Bank Loan, the percentage specified in Annex II-A-2, determined based upon the Spread To Maturity, Outstanding Facility Size and Number of Pricing Sources for such Bank Loan and (c) with respect to any Corporate Bond Security which has (i) a Credit Spread less than or equal to 20.00%, the percentage specified in Annex II-A-3 and (ii) a Credit Spread greater than 20.00% and a maturity less than one year, the percentage specified in Annex II-A-4, in the case of each of clauses (i) and (ii), determined based upon the Spread to Maturity and Maturity for such Corporate Bond Security.
Base Margin Requirement means, as of any date of determination and prior to the occurrence and continuation of a Net Asset Value Floor Event,
Base Margin Requirement means, as of any date of determination and prior to the occurrence and continuation of a Net Asset Value Floor Event, (a) with respect to any Cash or Cash Equivalent, the percentage specified in Annex II-A-1, (b) prior to the occurrence of a Guaranty Termination Event, with respect to any Bank Loan, the percentage specified in Annex II-A-2, determined based upon the Spread To Maturity, Outstanding Facility Size and Number of Pricing Sources for such Bank Loan, (c) prior to the occurrence of a Guaranty Termination Event, with respect to any Corporate Bond Security which has (i) a Credit Spread less than or equal to 20.00%, the percentage specified in Annex II-A-3 and (ii) a Credit Spread greater than 20.00% and a maturity less than one year, the percentage specified in Annex II-A-4, in the case of each of clauses (i) and (ii), determined based upon the Spread to Maturity and Maturity for such Corporate Bond Security, (d) if a Guaranty Termination Event has occurred and is continuing, with respect to any Bank Loan, the percentage specified in Annex II-A-5, determined based upon the Spread To Maturity, Outstanding Facility Size and Number of Pricing Sources for such Bank Loan, and (e) if a Guaranty Termination Event has occurred and is continuing, with respect to any Corporate Bond Security which has (i) a Credit Spread less than or equal to 20.00%, the percentage specified in Annex II-A-6 or (ii) a Credit Spread greater than 20.00% and a maturity of less than one year, the percentage specified in Annex II-A-7, in the case of each of clauses (i) and (ii), determined based upon the Spread to Maturity and Maturity for such Corporate Bond Security.
Base Margin Requirement means, as of any date of determination and prior to the occurrence and continuation of a Net Asset Value Floor Event, (a) with respect to any Cash or Cash Equivalent, the percentage specified in Annex II-A-1, (b) with respect to any Bank Loan, the percentage specified in Annex II-B-1, determined based upon the Spread To Maturity, Outstanding Facility Size and Number of Pricing Sources for such Bank Loan, and (c) with respect to any Corporate Bond Security, the percentage specified in Annex II-C-1, determined based upon the Spread to Maturity and Maturity for each Corporate Bond Security; provided, however, that with respect to any Bank Loans purchased following the Fifth Amendment Effective Date, until the twenty-second (22nd) day following the original issuance of such Bank Loan, such Bank Loan shall be deemed to have a Number of Approved Sources equal to three (3) for the purposes of Annex II-B-1 so long as the Bank Loan has been arranged by at least two (2) Approved Banks.