Designated MV has the meaning set forth in the definition of the term "Market Value."
Designated MV has the meaning set forth in the definition of the term "Market Value." "Designated MV Asset" means, as of any date of determination, (i) any Non-Traded Portfolio Investment that has a Designated MV, which Designated MV has been reduced by more than 5% (expressed as a percentage of par) during the six month period immediately preceding such date of determination or (ii) if the weighted average of the Market Values of all Non-Traded Portfolio Investments that have Designated MV on such date of determination is 10% (expressed as a percentage of par) or more below the weighted average of the Market Values of such Non-Traded Portfolio Investments initially assigned thereto by the Administrative Agent, all Non-Traded Portfolio Investments that have a Designated MV. "Dollar Equivalent" means, with respect to any Advance denominated in a Permitted Non-USD Currency, the amount of USD that would be required to purchase the amount of such Permitted Non-USD Currency of such Advance using the reciprocal foreign exchange rates obtained as described in the definition of the term Spot Rate. "Effective Date" has the meaning set forth in Section 2.04.
Examples of Designated MV in a sentence
A Collateral Obligation (other than a Defaulted Obligation, a Deferring Obligation, a Moody's DIP Collateral Obligation or, a Current Pay Obligation or a Designated MV Obligation) with a Moody's Rating of "Caa1" or lower.
A Collateral Obligation (other than a Defaulted Obligation or, a Deferring Obligation or a Designated MV Obligation) with an S&P Rating of "CCC+" or lower.
As of any date of determination, the sum of (a) the Collateral Principal Amount, (b) the Aggregate Principal Balance of all Defaulted Obligations and Designated MV Obligations and (c) the aggregate amount of all Principal Financed Accrued Interest.