Large Middle Market Loan Asset means any Loan Asset that is a First Lien Loan Asset that does not qualify as a Broadly Syndicated Loan Asset and that, as of the Cut-Off Date for such Loan Asset, (i) has a Tranche Size of at least $200,000,000 and (ii) the Obligor of which has a trailing 12-month EBITDA of $50,000,000 or greater.
Large Middle Market Loan Asset means any Loan Asset that meets the definition of “Traditional Middle Market Loan” and additionally, as of the related Cut-Off Date, has (i) a facility size of $150,000,000 or greater, (ii) trailing twelve month EBITDA as of the Cut-Off Date of at least $35,000,000 and (iii) is held by three (3) or more non-affiliated lenders. For avoidance of doubt, the reference to “facility size” in clause (i) hereof includes any funded and unfunded commitments of any delayed draw tranche included in such facility so long as such delayed draw tranche is documented under the same Loan Agreement, is pari passu with, and has the same stated maturity as, the associated term facility and is to the facility currently held or contemplated for purchase by the Borrower.
Large Middle Market Loan Asset means any Loan Asset that is a First Lien Loan Asset that does not qualify as a Broadly Syndicated Loan Asset and that, as of the Cut-Off Date for such Loan Asset, (i) has a Tranche Size of at least $200,000,000 and (ii) the Obligor of which has a trailing 12-month EBITDA of $75,000,000 or greater.