Collateral Obligation Notional Amount definition
Collateral Obligation Notional Amount means, in respect of any Collateral Obligation, the full funded principal amount of the Collateral Obligation owned by the Borrower or Committed to be owned by the Borrower, as the case may be (which for the avoidance of doubt shall (a) reflect any amortization or prepayment or any writedown, forgiveness or similar reduction in principal without payment pursuant to a Specified Change and (b) exclude any Exposure Amounts in respect of any Future Funding Collateral Obligation at any time of determination).
Collateral Obligation Notional Amount means, in respect of any Collateral Obligation, the full funded principal amount of the Collateral Obligation owned by the Borrower Entities or Committed to be owned by the Borrower Entities, as the case may be. “Collateral Portfolio” means on any date of determination, all Collateral Obligations then owned by the Borrower Entities and all Collateral Obligations then Committed to be Acquired by the Borrower Entities. “Collateral Portfolio Calculation Base” means an amount (in USD) equal to the sum, for all Collateral Obligations included in the Collateral Portfolio on such date, of the Adjusted Balance for each such Collateral Obligation. “Collateral Portfolio Requirements” means, at any time, requirements that are in compliance at such time if and only if (except in each case to the extent any one or more of such criteria are expressly waived in writing or are deemed to have been waived in the manner and to the extent expressly set forth in Section 8), all as calculated by the Calculation Agent: (a) the sum of the Adjusted Balances of all Collateral Obligations that are Second Lien Collateral Obligations does not exceed 15% of the Collateral Portfolio Calculation Base; (b) the sum of the Adjusted Balances of all Recurring Revenue Loans does not exceed 15% of the Collateral Portfolio Calculation Base; (c) the sum of the Adjusted Balances of all Fixed Rate Collateral Obligations does not exceed 15% of the Collateral Portfolio Calculation Base; 18