Initial Portfolio Investments definition

Initial Portfolio Investments means the Portfolio Investments listed in Schedule 5.

Initial Portfolio Investments has the meaning set forth in the recitals.

Initial Portfolio Investments means the Portfolio Investments included in the Initial Transferred Assets.

Examples of Initial Portfolio Investments in a sentence

• On the Effective Date, the Company may acquire the Initial Portfolio Investments from the Seller pursuant to the Sale Agreement, subject to the conditions specified in this Agreement.

• The Administrative Agent has received evidence satisfactory to it that the aggregate amount payable by the Seller to the Natixis Lender and the other parties to the Natixis Credit Facility to terminate the Natixis Credit Facility and to secure the release of the Lien of the Natixis Collateral Agent over the Initial Portfolio Investments, which will be paid by the Lenders in accordance with the Payment Direction Letter, is not greater than U.S.$150,000,000.

• To facilitate the sale of the Initial Portfolio Investments to the Company and the release of the Lien of the Natixis Collateral Agent over the Initial Portfolio Investments, the proceeds of the initial Advance will be paid pursuant to the Payment Direction Letter.

• On the Effective Date, the Company may acquire the Initial Portfolio Investments from the Seller pursuant to the Natixis Sale Agreement, subject to the conditions specified in this Agreement.

• The Seller has entered into a certain credit facility (the "Natixis Credit Facility") to finance its acquisition and holding of, inter alia, the Initial Portfolio Investments.

• On or about the date hereof, the Company intends to acquire Participation Interests with elevation in certain Portfolio Investments listed on Schedule 5 hereto (the "Initial Portfolio Investments") pursuant to a Sale and Participation Agreement (the "Natixis Sale Agreement"), dated on or about the date hereof, between the Company and WhiteHorse Finance Warehouse, LLC (in such capacity, the "Seller").

• Each notice of approval of a Portfolio Investment (a copy of which shall be delivered to the Collateral Administrator) shall include the initial Individual Advance Rate and the Initial Market Value for such Portfolio Investment; provided that the initial Individual Advance Rates in respect of the Initial Portfolio Investments and the Initial Market Values of the Initial Portfolio Investments are as set forth in Schedule 5.

• On the Original Effective Date, the Company acquired the Initial Portfolio Investments and has acquired additional Portfolio Investments in accordance with the Original Agreement from time to time thereafter.

• On the Effective Date, the Company may acquire the Initial Portfolio Investments, subject to the conditions specified in this Agreement.

• On the Effective Date, the Company shall acquire the Initial Portfolio Investments from the Transferor pursuant to the Sale Agreement, subject to the conditions specified in this Agreement.

More Definitions of Initial Portfolio Investments

Initial Portfolio Investments means the Portfolio Investments listed in Schedule 5. "Interest Collection Account" means the account(s) established by the Securities Intermediary and set forth on the Transaction Schedule for the deposit of Interest Proceeds denominated in USD and any successor accounts established in connection with the resignation or removal of the Securities Intermediary. "Interest Payment Date" has the meaning set forth in Section 4.03(b). "Interest Proceeds" means all payments of interest received in respect of the Portfolio Investments and Eligible Investments acquired with the proceeds of Portfolio Investments (in each case other than accrued interest purchased using Principal Proceeds, but including proceeds received from the sale of interest accrued after the date on which the Company acquired the related Portfolio Investment), all other payments on the Eligible Investments acquired with the proceeds of Portfolio Investments (for the avoidance of doubt, such other payments shall not include principal payments (including, without limitation, prepayments, repayments or sale proceeds) with respect to Eligible Investments acquired with Principal Proceeds) and all payments of fees, dividends and other similar amounts received in respect of the Portfolio Investments or deposited into any of the Collateral Accounts (including closing fees, commitment fees, facility fees, late payment fees, amendment fees, waiver fees, prepayment fees and premiums, ticking fees, delayed compensation, customary syndication or other up-front fees and customary administrative agency or similar fees); provided, however, that for the avoidance of doubt, Interest Proceeds shall not include amounts or Eligible Investments in the MV Cure Account, the Unfunded Exposure Account or any Permitted Non-USD Currency Unfunded Exposure Account or any proceeds therefrom. "Investment" means (a) the purchase of any debt or equity security of any other Person, or (b) the making of any Loan or advance to any other Person, or (c) becoming obligated with respect to a contingent obligation in respect of obligations of any other Person. "IRS" means the United States Internal Revenue Service. "JPMCB" has the meaning set forth in the introductory section of this Agreement. "Lender Participant" has the meaning set forth in Section 10.06(c). "Lenders" has the meaning set forth in the introductory section of this Agreement. "Liabilities" has the meaning set forth in Section 5.03.

Initial Portfolio Investments means the Portfolio Investments listed in Schedule 5. "Interest Coverage Ratio" means, with respect to any Portfolio Investment (other than a Recurring Revenue Obligation) for any relevant test period, the meaning of "Interest Coverage Ratio" or any comparable definition in the Underlying Instrument for such Portfolio Investment, and in any case that "Interest Coverage Ratio" or such comparable definition is not defined in such Underlying Instrument, the ratio of (a) EBITDA for the applicable test period, to (b) all Cash Interest in respect of Indebtedness for the applicable test period, as calculated by the Servicer in good faith using information from and calculations consistent with the relevant compliance statements and financial reporting packages provided by the relevant obligor as per the requirements of the related Underlying Instrument.

Initial Portfolio Investments means the Portfolio Investments listed in Schedule 5. “ Interest Payment Date ” has the meaning set forth in Section 4.03(b).

Initial Portfolio Investments means the Portfolio Investments listed in Schedule 5. “Initial Seller” has the meaning set forth in the introductory section of this Agreement. “Interest Payment Date” has the meaning set forth in Section 4.03(b).