Initial Portfolio Assets definition

Initial Portfolio Assets means the Portfolio Assets described on Schedule I.

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Initial Portfolio Assets means the interests, rights, benefits and entitlements (except legal title, which shall remain with the Asset Seller) of Türkiye Finans as asset seller in, to and under certain Lease Assets and Investment Sukuk, each as identified in Schedule 1 (Initial Asset Portfolio) to the Initial Asset Portfolio Sale and Purchase Agreement;

Initial Portfolio Assets means, the General Partnership Investments owned by a Loan Party on the Closing Date, as set forth on Schedule I delivered on the Closing Date. “Interest Period” means, with respect to any Advance (a) initially, the period commencing on the Advance Date with respect to such Advance to but excluding the first Payment Date to occur after the date of such Advance and (b) thereafter, each successive period from and including each Payment Date to but excluding the following Payment Date; provided that, if an Interest Period would extend beyond the Maturity Date, then such Interest Period shall end on the Maturity Date. “Interest Reserve Account” means the account established at the Account Bank which shall be subject to an Account Control Agreement pursuant to which the Co‐Borrowers shall maintain the Interest Reserve Amount. “Interest Reserve Amount” means as of any date of determination an amount equal to the aggregate amount of interest payments payable on Indebtedness arising under this Agreement for the most recent quarter then ended multiplied by (4) four, which amount may consist of cash and/or Eligible Receivables expected to accrue as of such quarter‐end; provided that the aggregate amount of Eligible Receivables may not exceed more than 30% of the Interest Reserve Amount. “Interim-Period Payment Date” has the meaning assigned to that term in the definition of “Payment Date”. -21- USActive 58806140.10 -21-60444631.4 SK 28388 0001 10656366 v3

Examples of Initial Portfolio Assets in a sentence

All of the applicable investment documents and agreements which constitute the Initial Portfolio Assets (the “Investment Documents and Agreements”) are in full force and effect, and the Company has no notice of any material claim of any sort that has been asserted by anyone adverse to the right of the Company under the Investment Documents and Agreements, or affecting or questioning the rights of the Company under any of the Investment Documents and Agreements.
The Company owns, and has good and marketable title to, the Initial Portfolio Assets, free and clear of all mortgages, pledges, liens, security interests, claims or encumbrances of any kind.
In addition, such letter shall include statements and information of the type ordinarily included in accountants’ “comfort letters” to underwriters with respect to the audited schedule of investments relating to the Company’s acquisition of the Initial Portfolio Assets included in the Final Prospectus.
The Company owns, and has good and marketable title to, the Initial Portfolio Assets, free and clear of all mortgages, pledges, liens, security interests, claims or encumbrances of any kind (collectively, the “Liens”), other than the Liens granted pursuant to the Credit Facility, the Bridge Facility, the Guarantee and Security Agreement, and the Security Agreement as disclosed in the Disclosure Package and the Final Prospectus.
The Company and/or one of its subsidiaries owns, and has good and marketable title to, the Initial Portfolio Assets, free and clear of all mortgages, pledges, liens, security interests, claims or encumbrances of any kind (collectively, the “Liens”), other than the Liens granted pursuant to the Credit Facility, the Bridge Facility, the Guarantee and Security Agreement, and the Security Agreement as disclosed in the Disclosure Package and the Final Prospectus.
The Private Placement, in the manner contemplated in the Initial Portfolio Assets Agreement, does not require registration under the 1933 Act.
All of the applicable investment agreements and documents that constitute the Initial Portfolio Assets (the “Investment Documents”) are in full force and effect, and the Company has no notice of any material claim of any sort that has been asserted by anyone adverse to the right of the Company under the Investment Documents, or affecting or questioning the rights of the Company under any of the Investment Documents.
Other than the Initial Portfolio Assets, the Company does not own any other investments.
Other than the Initial Portfolio Assets, the Company and its Subsidiaries do not own any other investments.

More Definitions of Initial Portfolio Assets

Initial Portfolio Assets means the Eligible Assets forming part of the Initial Portfolio as specified in schedule 1 to the Sale and Purchase Agreement;

Initial Portfolio Assets means, the General Partnership Investments owned by a Loan Party on the Closing Date, as set forth on Schedule I delivered on the Closing Date. “Interest Period” means, with respect to any Advance (a) initially, the period commencing on the Advance Date with respect to such Advance to but excluding the first Payment Date to occur after the date of such Advance and (b) thereafter, each successive period from and including each Payment Date to but excluding the following Payment Date; provided that, if an Interest Period would extend beyond the Maturity Date, then such Interest Period shall end on the Maturity Date. USActive 58800445.158806140.10 -21- SK 28388 0001 10656366 v3

Initial Portfolio Assets means, the Initial Loan Assets and Initial Equity Investments.

Initial Portfolio Assets means, the General Partnership Investments owned by a Loan Party on the Closing Date, as set forth on Schedule I delivered on the Closing Date. “Interest Determination Date” means, for each Advance made (i) on or prior to the Fourth Amendment Effective Date, the second U.S. Government Securities Business Day immediately preceding the Fourth Amendment Effective Date and (ii) thereafter, the second U.S. Government Securities Business Day immediately preceding the date of such Advance. “Interest Period” means, with respect to any Advance (a) initially, the period commencing on the Advance Date with respect to such Advance to but excluding the first Payment Date to occur after the date of such Advance and (b) thereafter, each successive period from and including each Payment Date to but excluding the following Payment Date; provided -21- USActive 60444631.4 that, if an Interest Period would extend beyond the Maturity Date, then such Interest Period shall end on the Maturity Date. “Interest Rate” means, a rate per annum equal to (i) for each Advance made prior to the Fourth Amendment Effective Date, the Applicable Benchmark plus the Applicable Spread, calculated as of the Fourth Amendment Effective Date and (ii) for each Advance made on or following the Fourth Amendment Effective Date, the greater of (A) the Applicable Benchmark plus the Applicable Spread and (B) 7.25%, calculated as of the applicable Advance Date. “Interest Reserve Account” means the account established at the Account Bank which shall be subject to an Account Control Agreement pursuant to which the Co‐Borrowers shall maintain the Interest Reserve Amount. “Interest Reserve Amount” means as of any date of determination an amount equal to the aggregate amount of interest payments payable on Indebtedness arising under this Agreement for the most recent quarter then ended multiplied by (2) two, which amount may consist of cash and/or Eligible Receivables expected to accrue as of such quarter‐end; provided that the aggregate amount of Eligible Receivables may not exceed more than 30% of the Interest Reserve Amount. “Interim-Period Payment Date” has the meaning assigned to that term in the definition of “Payment Date”. “Investment Advisers Act” means the U.S. Investment Advisers Act of 1940, as amended from time to time. “Investment Fund” means any investment vehicle (regardless of form), including any intermediate vehicle, for which a General Partner acts as the general partner, managing member or o...

Initial Portfolio Assets means the Lease Assets and Tangible Investment Sukuk comprising the portfolio of Initial Assets;

Initial Portfolio Assets means, the General Partnership Investments owned by a Loan Party on the Closing Date, as set forth on Schedule I delivered on the Closing Date.