CCC Collateral Loan definition
CCC Collateral Loan means a Collateral Loan (other than a Defaulted Loan) with an S&P Rating of “CCC+” or lower.
CCC Collateral Loan. ” means a Collateral Loan (other than a Defaulted Loan) with an S&P Rating of“”CCC+”” or lower.
CCC Collateral Loan means a Collateral Loan (other than a Defaulted Loan) with an S&P Rating of "CCC+" or lower. 15 "CCC Excess" means the amount equal to the excess of the Maximum Principal Balance of all CCC Collateral Loans over an amount equal to 25.0% of the Total Capitalization as of such date of determination; provided that in determining which of the CCC Collateral Loans shall be included in the CCC Excess, the CCC Collateral Loans with the lowest Market Value (expressed as a percentage of the Maximum Principal Balance of each such Collateral Loan as of such date of determination) shall be deemed to constitute such CCC Excess. "CCC Excess Adjustment Amount" means, as of any date of determination, an amount equal to the excess, if any, of (i) the Aggregate Maximum Principal Balance of all CCC Collateral Loans included in the CCC Excess, over (ii) the sum of the Market Values of all CCC Collateral Loans included in the CCC Excess. "CFTC" means the Commodity Futures Trading Commission. "Change in Control" means (a) the failure of the Parent to own, directly or indirectly, 100% of the Equity Interests in each Borrower (other than nominal interests), (b) ▇▇▇▇▇▇▇▇▇ or an Affiliate thereof ceases to be the investment adviser to, or otherwise control the investment management and investment policies of the Parent or (c) the dissolution, termination or liquidation in whole or in part, transfer or other disposition, in each case, of all or substantially all of the assets of the Parent (other than in connection with the Permitted Merger). "▇▇▇▇▇▇▇▇▇" means ▇▇▇▇▇▇▇▇▇ Asset Management LLC. "CLO Closing Date" means the closing date of a Permitted Securitization. "Closing Expense Account" means the non-interest bearing account established pursuant to Section 8.3(e). "Code" means the Internal Revenue Code of 1986, as amended, or any successor statute, and the regulations promulgated and rulings issued thereunder. "Collateral" means the Pledged Collateral and all other property and/or rights on or in which a Lien is or is intended to be granted to the Collateral Agent for the benefit of the Secured Parties pursuant to this Agreement, any of the Loan Documents or any other instruments provided for herein or therein or delivered or to be delivered hereunder or thereunder or in connection herewith or therewith. "Collateral Administrator" means U.S. Bank Trust Company, National Association, in its capacity as collateral administrator under the Collateral Administration Agreement, and any ...
Examples of CCC Collateral Loan in a sentence
On the date that any debt obligation becomes a Post-Transition S&P CCC Collateral Loan, the existence of any CCC Excess and the amount of any associated CCC Excess Adjustment Amount shall be re-measured.
For the avoidance of doubt, notwithstanding anything to the contrary set forth herein or in any other Loan Document, the Services Provider shall have no obligation to substitute, repurchase or purchase any Credit Risk Loan, Defaulted Loan or Post-Transition S&P CCC Collateral Loan.