Eligible Debt Security definition

Eligible Debt Security means, on any date of determination, any Debt Security held by Borrower as a Portfolio Investment that meets the following conditions:
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Eligible Debt Security means, on any date of determination, any Debt Security held by Borrower or its Subsidiaries as a Portfolio Investment that meets the following conditions:
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Eligible Debt Security shall not include any Debt Security of any SBIC Entity.
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Examples of Eligible Debt Security in a sentence

  • The Lenders hereby waive any Defaults or Events of Default by the Borrower as a result of (a) the inclusion of any Debt Security as an Eligible Debt Security in the Borrowing Base that would only be permitted to be included in the Borrowing Base after the Second Amendment Effective Date, and (b) any Revolver Advances made or outstanding as a result of such inclusion in the Borrowing Base.

  • The Borrower and Guarantors have requested that the Administrative Agent and the Lenders amend the Credit Agreement to amend the definition of Eligible Debt Security to include such Debt Securities and waive any Defaults or Events of Default resulting from their inclusion prior to the date hereof.


More Definitions of Eligible Debt Security

Eligible Debt Security set forth in Section 1.01 of the Credit Agreement is hereby amended and restated as follows:
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Eligible Debt Security means, on any date of determination, any Debt Security held by a Loan Party that meets the following conditions:
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Eligible Debt Security or clause (xxviii) of the definition of “Eligible Senior Bank Loan Investment”) and loans with negative EBITDA), then amounts of the most highly leveraged loans (excluding, from this calculation, LTV Investments and loans with negative EBITDA) will be excluded from the Borrowing Base until the ratio no longer exceeds 5.0x;
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Eligible Debt Security or clause (xxviii) of the definition of “Eligible Senior Bank Loan Investment”.
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Related to Eligible Debt Security

  • Covered Security means a security as defined in Section 2(a)(36) of the Act, which includes: any note, stock, treasury stock, security future, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, pre-organization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security (including a certificate of deposit) or on any group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a “security,” or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.

  • Debt Security or "Debt Securities" has the meaning stated in the first recital of this Indenture.

  • Bid Security means the bid security provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

  • Indexed Security means a Security the terms of which provide that the principal amount thereof payable at Stated Maturity may be more or less than the principal face amount thereof at original issuance.

  • Proposal Security means the proposal bond as described in Section 3.3 of Exhibit B to the ITP.

  • Asset-backed security means a security that is primarily serviced by the cash flows of a discrete pool of mortgages, receivables or other financial assets, fixed or revolving, that by their terms convert into cash within a finite period and any rights or other assets designed to assure the servicing or the timely distribution of proceeds to securityholders;

  • Registered Security means any Security which is registered in the Security Register.

  • Debt Securities has the meaning stated in the first recital of this Indenture and more particularly means any debt security or debt securities, as the case may be, of any series authenticated and delivered under this Indenture.

  • Subsidiary Guarantee Agreement means a Subsidiary Guarantee Agreement substantially in the form of Exhibit B, and all supplements thereto made by the Subsidiary Guarantors in favor of the Administrative Agent for the benefit of the Lenders.

  • Note means a promissory note made by the Borrower in favor of a Lender evidencing Loans made by such Lender, substantially in the form of Exhibit C.

  • Notes shall have the meaning assigned to such term in the recitals.