EOD OC Ratio definition

EOD OC Ratio means the ratio of (A) (i) the aggregate Loan Amounts of all Performing Collateral Obligations, plus (ii) the aggregate amount of cash on deposit in the Principal Collection Subaccount and the Revolving Reserve Account, plus (iii) the Portfolio Exposure Amount, plus (iv) for all Defaulted Loans that are also Eligible Senior Secured Loans, the lesser of (x) the Market Value of such Defaulted Loan determined without reference to clause (d) of the definition thereof, unless the Appraised Value of such Defaulted Loan has otherwise been obtained or updated (A) within the immediately preceding three months and (B) since such Defaulted Loan became defaulted, whichever of (A) and (B) is shorter (as determined by the Collateral Manager with notice to the Agents), and (y) 20% of the Aggregate Principal Balance of such Defaulted Loan, less 80% of the Aggregate Principal Balance of all Excess Concentration Loans that are Performing Collateral Obligations to (B) the Borrower Liabilities.
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EOD OC Ratio means, as of any Business Day,
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EOD OC Ratio. “EOD OC Ratio Breach,” “Distribution OC Ratio” or “OC Ratio,” (h) modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof or (i) extend the Reinvestment Period, in each case, to the extent such amendment, modification, waiver or supplement is directly adverse to such Lender.
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Examples of EOD OC Ratio in a sentence

  • For the avoidance of doubt, the Excluded Loan shall not be included in any calculations of the Coverage Tests, the Advance Rate Test, the Commitment Shortfall Test, the Concentration Limits, the Collateral Quality Tests and the EOD OC Ratio.


More Definitions of EOD OC Ratio

EOD OC Ratio means the ratio of (A) (i) the aggregate Loan Amounts of all Performing Collateral Obligations, plus (ii) the aggregate
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Related to EOD OC Ratio

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Consolidated Net Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Net Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.

  • Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Net Debt as of the last day of such Test Period to (b) Consolidated Adjusted EBITDA of the Borrower for such Test Period.