Class 1A Loan definition

Class 1A Loan means a Class 1 Loan that is a First Lien Loan or a First Lien Last Out Loan.

Class 1A Loan. “Class 1B Loan,” “Class 2 Loan”, “Class 2A Loan,” “Class 2B Loan,” “Class 3 Loan,” “Class 3A Loan” or “Class 3B Loan” or any component thereof defined therein (in each case, other than any administrative, non-material amendment agreed to by the Borrower and the Administrative Agent), (h) modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof or (i) extend the Reinvestment Period, in each case to the extent such amendment, modification, waiver or supplement relates to such Lender.

Class 1A Loan means a Collateral Loan that (a) as of the Trade Date of such Collateral Loan, has a tranche size of not less than $200,000,000 or such lesser tranche size as otherwise agreed by the Administrative Agent in its sole discretion at the time such Collateral Loan is added to the Approved List, (b) other than with respect to clause (b) thereof, satisfies the definition of Broadly Syndicated Loan, and (c) is not a Class 1 Loan.

Examples of Class 1A Loan in a sentence

• The loan tranche to be funded by the series 2023-1 class 1A notes is as follows: Loan tranchesInitial principal amountNotes that will fund the loan trancheAAA (Class 1A) Loan Tranche ...................................................

• In general, it‘s been much better than last and the year before that.

• He reported that four (4) proposals were received and reviewed by an evaluation committee on June 16, 2016.

• Loan TranchesStep-up date – the note payment date falling inFinal maturity date– the note payment date falling inAAA (Class 1A) Loan Tranche ...............................................................

• Each loan tranche will be funded by a separate class or sub-class of notes in the series 2015-1 notes and will be identified by reference to that class or sub-class of notes.The loan tranches to be funded by the series 2015-1 notes are as follows: Loan tranches Initial principal amount Notes that will fund the loan trancheAAA (Class 1A) Loan Tranche ..........

More Definitions of Class 1A Loan

Class 1A Loan. “Class 2 Loan” or “Class 3 Loan,”; (h) modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof or (i) extend the Reinvestment Period.

Class 1A Loan means a Class 1 Loan that is a First Lien Loan or a First Lien Last Out Loan. “Class 1A Minimum OC Coverage Test” means, as of any date, a test that shall be satisfied if the Class 1A OC Ratio as of such date is equal to or greater than 1.00:1.00. “Class 1A OC Ratio” means, as of any Business Day, the ratio of (a) the Class 1A Borrowing Base to (b) the sum of (x) the Dollar Equivalent of the aggregate outstanding principal balance of the Class 1A Advances and (y) the Dollar Equivalent of the aggregate cash purchase price of all Class 1A Loans for which the Borrower has entered into a binding commitment to purchase that have not yet settled. “Class 1B” means, at any time, all Class 1B Loans at such time. “Class 1B Advance” means each Advance allocated to Class 1B pursuant to, and in accordance with, this Agreement. “Class 1B Borrowing Base” means, at any time, an amount equal to the sum of (i) the Dollar Equivalent of the amounts in the Principal Collection Subaccount, (ii) the Dollar Equivalent of the amounts in the Trust Account, (iii) the product of (x) the Weighted Average Class 1B Advance Rate (excluding the Sale Settlement Pending Collateral for the Class 1B Loans from the calculation of the Weighted Average Class 1B Advance Rate) as of such date, (y) the Portfolio Advance Rate Adjustment as of such date and (z) the Aggregate Class 1B Net Collateral Balance as of such date (excluding the Sale Settlement Pending Collateral for the Class 1B Loans from the calculation of the Aggregate Class 1B Net Collateral Balance) and (iv) the Dollar Equivalent of the aggregate sale price of any Sale Settlement Pending Collateral for the Class 1B Loans. “Class 1B Loan” means a Class 1 Loan that is a Second Lien Loan. “Class 1B Minimum OC Coverage Test” means, as of any date, a test that shall be satisfied if the Class 1B OC Ratio as of such date is equal to or greater than 1.00:1.00. “Class 1B OC Ratio” means, as of any Business Day, the ratio of (a) the Class 1B Borrowing Base to (b) the sum of (x) the Dollar Equivalent of the aggregate outstanding principal balance of the Class 1B Advances and (y) the Dollar Equivalent of the aggregate cash purchase price of all Class 1B Loans for which the Borrower has entered into a binding commitment to purchase that have not yet settled. “Class 2 Loan” means a Collateral Loan (a) that is not a Class 1 Loan and (b) the relevant Obligor of which has EBITDA of at least the Dollar Equivalent of $100,000,000 as calculated in accordan...