Designated MV Asset definition

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.
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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.
Sample 1

Related to Designated MV Asset

  • Separately invested asset means an account or fund of a district that is not invested in a pooled fund group.

  • Excluded Asset means any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder.

  • Permitted Asset Swap means the concurrent purchase and sale or exchange of assets used or useful in a Similar Business or a combination of such assets and cash, Cash Equivalents between the Company or any of its Restricted Subsidiaries and another Person; provided that any cash or Cash Equivalents received in excess of the value of any cash or Cash Equivalents sold or exchanged must be applied in accordance with Section 3.5 hereof.