Excess Concentration Amount definition

Excess Concentration Amount means, as of any date of determination on which any one or more of the Concentration Limitations are exceeded, an amount (calculated by the Servicer and without duplication) equal to the Dollar Equivalent of the portion of the Adjusted Principal Balance of each Eligible Collateral Loan that causes such Concentration Limitation to be exceeded.

Excess Concentration Amount means, on any date of determination, the sum of, without duplication,

Excess Concentration Amount means, as of the most recent Measurement Date (and after giving effect to all Collateral Obligations to be purchased or sold by the Borrower on such date), the sum, without duplication, of the following amounts, in each case multiplied by the Discount Factor applicable to each such individual Collateral Obligation:

Examples of Excess Concentration Amount in a sentence

• The Borrower may also sell any Ineligible Collateral Asset or any portion of any Collateral Asset that is allocated to the Excess Concentration Amount at any time unless an Event of Default has occurred and is continuing (but otherwise without restriction).

• The Eligible Collateral Assets that are included in the Excess Concentration Amount will be selected on the basis of, for purposes of determining the Borrowing Base, the lowest Assigned Value Percentage; provided that if two or more Eligible Collateral Assets have the same Assigned Value Percentage, the Eligible Collateral Asset (or the portion thereof) that has the lower Advance Rate will be selected for inclusion in the Excess Concentration Amount to the extent of such excess.

• Any excess of Eligible Collateral Assets deemed to be included in the Caa/CCC Excess will be selected on the same basis as Eligible Collateral Assets that are included in the Excess Concentration Amount; provided that, for purposes of determining the Adjusted Principal Balance of any Eligible Collateral Asset included in the Caa/CCC Excess, the Adjusted Principal Balance of such Eligible Collateral Asset shall be deemed to be the lesser of (A) its Initial Value and (B) its Current Market Value.

More Definitions of Excess Concentration Amount

Excess Concentration Amount means, as of the most recent Measurement Date (and after giving effect to all Collateral Obligations to be purchased or sold by the Borrower on such date), the sum, without duplication, of the following amounts:

Excess Concentration Amount means, as of any date of determination, with respect to all Eligible Loan Assets included in the Collateral Portfolio, the amount by which the sum of the Adjusted Borrowing Value of such Eligible Loan Assets exceeds any applicable Concentration Limits, to be calculated without duplication after giving effect to any sales, purchases or substitutions of Loan Assets as of such date.

Excess Concentration Amount means, the sum (without duplication) of:

Excess Concentration Amount. As of any date of determination (and after giving effect to all Eligible Loans to be purchased or sold by the Borrower on such date), the sum of the following amounts (without duplication):

Excess Concentration Amount means, as of any date of determination prior to the Facility Maturity Date, the sum of, for each Concentration Limit, the amount by which the aggregate Outstanding Balance of all Eligible Loans subject to such Concentration Limit exceeds such Concentration Limit, as applied sequentially and without duplication in accordance with the Borrowing Base Model set forth in Annex C.

Excess Concentration Amount means, as of the related Advance Date and after giving effect to any Contracts to be sold to or acquired by the Borrower on such day, and on each Distribution Date, the sum of the following amounts:

Excess Concentration Amount means, on any date of determination, the sum (without duplication) of the following amounts: