Existing Gxxxx BDC CLO definition

Existing Gxxxx BDC CLO means (i) each of the CLOs approved by the Administrative Agent and identified on Schedule VII (as such Schedule VII may be updated from time to time by the Borrower), (ii) any existing and future special purpose vehicle borrower under a credit facility or total return swap undertaken by Gxxxx Capital BDC, Inc. or an Affiliate thereof or (iii) any future special purpose vehicle (which, for the avoidance of doubt, shall include any future CLO) that is a wholly or partly owned subsidiary of Gxxxx Capital BDC, Inc. or an Affiliate thereof.
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Existing Gxxxx BDC CLO means (i) each special purpose vehicle (including those structured as total return swaps) that is a wholly or partly owned subsidiary of Gxxxx Capital Direct Lending Corporation or an Affiliate thereof, (ii) any future borrower under a credit facility or total return swap undertaken by Gxxxx Capital Direct Lending Corporation or an Affiliate thereof or (iii) any future special purpose vehicles that are wholly or partly owned subsidiaries of Gxxxx Capital Direct Lending Corporation or an Affiliate thereof.
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Existing Gxxxx BDC CLO means (i) each of the CLOs approved by the Administrative Agent and identified on Schedule II (as such Schedule II may be updated from time to time by the Administrative Agent) and (ii) any future collateralized loan obligation or credit facility undertaken by Gxxxx Capital BDC, Inc. or an Affiliate thereof and which has been approved in the sole discretion of the Administrative Agent for purposes of this definition; provided that if any collateralized loan obligation or credit facility described in clause (ii) above is underwritten or placed by the Administrative Agent, such collateralized loan obligation or credit facility shall be deemed to be an “Existing Gxxxx BDC CLO” and added to Schedule II automatically without any further approval of the Administrative Agent.
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Examples of Existing Gxxxx BDC CLO in a sentence

  • It is understood and agreed that consent of the Administrative Agent will not be required if (x) the Borrower is selling a Loan Asset to an Existing Gxxxx BDC CLO for proceeds in an amount at least equal to the Adjusted Borrowing Value and (y) at least $2,000,000 in Outstanding Balance of such Loan Asset remains in the Collateral Portfolio after such sale (unless waived by the Administrative Agent in its sole discretion).

  • With respect to Collateral Obligations that have been sold pursuant to an Optional Sale (other than sales to any Existing Gxxxx BDC CLO), document the ratio (calculated as a percentage) of such Collateral Obligations to the highest aggregate Principal Balance of all Collateral Obligations at any time during the preceding 12 calendar months.

  • With respect to Collateral Obligations that have been sold to any Existing Gxxxx BDC CLO following the six-month anniversary of the Effective Date, document the ratio (calculated as a percentage) of such Collateral Obligations to the highest aggregate Principal Balance of all Collateral Obligations at any time during the preceding 12 calendar months.

  • Document the percentage of the Principal Balance of such Collateral Obligation(s) that the Borrower retained and whether such Existing Gxxxx BDC CLO is a collateralized loan obligation issuer.

Related to Existing Gxxxx BDC CLO

  • First Amendment Closing Date has the meaning assigned to such term in the First Amendment.

  • Acquisition Closing Date means the “Closing Date” as defined in the Acquisition Agreement.

  • Second Amendment Closing Date has the meaning assigned to such term in the Second Amendment.

  • Existing LLC Agreement is defined in the recitals to this Agreement.

  • Existing Management Agreement means that certain management agreement between the Seller and the Existing Manager for the operation and management of the Hotel.

  • Amendment Closing Date means the first date that all the conditions precedent set forth in this Amendment are satisfied or waived in accordance herewith.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Original Closing Date means the "Closing Date" as defined in the Existing Credit Agreement.

  • Third Amendment Closing Date has the meaning assigned to such term in the Third Amendment.

  • Second Closing Date means the date of the Second Closing.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Fourth Amendment Closing Date the date on which all the conditions precedent set forth in Section 3 of the Fourth Amendment shall be satisfied or waived.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.

  • Term SOFR means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

  • Original LLC Agreement has the meaning set forth in the Recitals.

  • Additional Closing Date has the meaning set forth in Section 3.

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Major Bridge means a bridge having a total length of more than 60 (sixty) meters between the inner faces of the dirt walls as specified in IRC:5;

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Term SOFR Adjustment means a percentage equal to 0.10% per annum.

  • Closing Date Acquisition Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Acquisition Target means any Person becoming a Subsidiary of the Company after the date hereof; any Person that is merged into or consolidated with the Company or any Subsidiary of the Company after the date hereof; or any Person with respect to which all or a substantial part of that Person’s assets are acquired by the Company or any Subsidiary of the Company after the date hereof.

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

  • Scheduled Closing Date Has the meaning specified in the Note Purchase Agreement.

  • Second Closing has the meaning set forth in Section 2.2.