Elevation Date definition
Elevation Date means, with respect to each Closing Date Participation, the date of its Elevation.
Elevation Date has the meaning specified in Section 15.1.
Elevation Date has the meaning set forth in Section 2.3(a).
Examples of Elevation Date in a sentence
The Transferee shall pay any elevation fees, transfer fees and other expenses payable in connection with an Elevation and any expenses of administering each Participated Loan prior to its Elevation Date.
Such elevation is referred to herein as the "Elevation" with respect to any Participated Loan, and the date of any such Elevation is referred to herein as the related "Elevation Date".
More Definitions of Elevation Date
Elevation Date means the date on which an Elevation occurs with respect to a Transferor Participation Interest pursuant to the Purchase and Sale Agreement.
Elevation Date has the meaning specified in the Recitals.
Elevation Date. For each Collateral Obligation in which a Closing Date Participation Interest is granted pursuant to a Master Participation Agreement, the date on which the assignment of such Collateral Obligation to the Issuer has become effective and such Collateral Obligation becomes legally owned by the Issuer.
Elevation Date. With respect to each Loan in which an Eligible Participation Interest is granted under to the Borrower, the date on which the legal assignment thereof to the Borrower pursuant to the applicable Underlying Instrument has become effective and such Loan has settled into the Borrower.
Elevation Date means the date on which an Elevation occurs with respect to a Transferor Participation Interest pursuant to the applicable Purchase and Sale Agreement. "Eligibility Criteria" means the criteria set forth in Schedule II hereto.
Elevation Date means the date on which an Elevation occurs with respect to a Closing Date Participation Interest and any Facility Amount Increase Participation Interest pursuant to the Closing Date Participation Agreement and any applicable Facility Amount Increase Participation Agreement, respectively. “Eligible Assignee” means a Person that (i) is not a natural Person, (ii) is not the Borrower, the Collateral Manager, the BDC or any Affiliate of any of the foregoing, (iii) is a Qualified Purchaser, (iv) is not a Defaulting Lender or any of its Subsidiaries or any Person who, upon becoming a Lender hereunder, would constitute a Defaulting Lender or a Subsidiary of a Defaulting Lender, and (ivv) unless such Person is a Permitted Assignee, has obtained the written consent of the Administrative Agent prior to any assignment pursuant to Section 16.06. “Eligible Covenant Lite Loan” means a Covenant Lite Loan that, as of the date of origination, has an Obligor with TTM EBITDA of at least $35,000,000. “Eligible First Lien Obligation” means any Loan that: (i) is not (and is not expressly permitted by its terms to become) subordinate in right of payment to any other obligation for borrowed money of the Obligor of such loan; (ii) is secured by a valid first priority perfected security interest or lien in, to or on substantially all of the assets of the Obligor under such loan (except for a Bifurcated First Lien Term Loan that has a Lien on substantially all of the Obligor’s assets other than ABL Collateral) in all appropriate jurisdictions subject to Purchase Money Liens and customary Liens for taxes or regulatory charges not then due and payable and other permitted Liens under the Related Documents, provided that such permitted Liens do not directly secure indebtedness for borrowed money; (iii) is secured pursuant to such first priority perfected security interest or Lien by collateral having a value (determined as set forth below) not less than the outstanding principal balance of such loan in all appropriate jurisdictions; and (iv) is not a loan which is secured solely or primarily by the common stock of its Obligor or any of its Affiliates. The determination as to whether clause (iii) of this definition is satisfied shall be based on both (x) an Appraisal or other valuation (including an internal valuation performed by the Collateral Manager and including enterprise value) performed on or about the date of acquisition by the Borrower or of the most recent restructuring of suc...
Elevation Date. The date on which an Elevation occurs with respect to a Closing Date Participation Interest. “Eligible Loan”: Each Loan (A) for which the Administrative Agent and the Collateral Custodian have received (or, in accordance with clause (b) of the definition of “Required Loan Documents”, the Collateral Custodian will receive) the related Required Loan Documents; (B) that has been approved by the Administrative Agent in its sole discretion on or prior to the date of the related Transaction; and (C) that satisfies each of the following eligibility requirements (unless the Administrative Agent in its sole discretion agrees to waive any such eligibility requirement with respect to such Loan): (a) such Loan is a First Lien Loan, a Recurring Revenue Loan, a First Lien Last Out Loan or a Second Lien Loan;