Liquid Loan definition

Liquid Loan means any Loan which is the subject of at least two bid quotations as reported on BBG or Markit (or any successor nationally recognized loan pricing service designated by Buyer).
Sample 1Sample 2Sample 3
Liquid Loan. A Loan which is the subject of at least two independent bid quotations as reported on IDC, Markit or BBG (or any successor nationally recognized loan pricing service designated by the Collateral Manager by notice to the Administrative Agent and the Collateral Agent).
Sample 1Sample 2
Liquid Loan means any Loan which is the subject of at least two bid quotations as reported on Markit (or any successor nationally recognized loan pricing service designated by the Buyer). “Liquidation Agent” has the meaning given to such term in the Indenture. “Loan” has the meaning given to such term in the Indenture. “Markit” means Markit Ltd. and any of its subsidiaries, or any successor thereto. “Middle Market Illiquid Loan” means any obligation which (a) is an Illiquid Loan and (b) with respect to which the relevant Obligor's EBITDA for the most recent four fiscal quarters (or last twelve months if available) for which financial reports are available is less than $40,000,000. “Mxxxx’x” has the meaning given to such term in the Indenture. “Non-Markit Loan” means any Loan for which prices are not reported on Markit (or any successor nationally recognized loan pricing service designated by the Buyer). “Portfolio Asset” has the meaning given to such term in the Indenture, provided that when the relevant asset is held by the Issuer, this definition shall be subject to “Determination of When Assets are Held” above. “Portfolio Asset Obligor” has the meaning given to such term in the Indenture. “Portfolio Asset Trade Date” means the date on which the Issuer enters into an agreement to purchase or sell a Portfolio Asset pursuant to an Issuer Order, as such term is defined in the Indenture, given by the Collateral Manager.
Sample 1

Examples of Liquid Loan in a sentence

  • The name of the Fund shall be “Capitala Senior Liquid Loan Fund I, LLC,” or such other name as approved by the Board of Managers.

  • Capitala Senior Liquid Loan Fund I, LLC By: /s/ Xxxx Xxxxxxxxx Name: Xxxx Xxxxxxxxx Title: Manager By: /s/ Xxxxxxxx Xxxxxx Name: Xxxxxxxx Xxxxxx Title: Manager By: /s/ Xxxxxx X.

  • On February 28, 2020, Mogo completed the sale of the majority of the Liquid Loan Portfolio to goeasy for gross consideration of $31,900.

  • Date: January 31, 2013 Highbridge Liquid Loan Opportunities Master Fund, L.P. By: Highbridge Principal Strategies LLC, Its Investment Manager, as a Lender By: /s/ Jamie Donsky Name: Jamie Donsky Title: Vice President If a second signature is necessary: By: Name: Title: 1 RBC Capital Markets is a brand name for the capital markets businesses of Royal Bank of Canada and its affiliates.

  • On February 28, 2020, in conjunction with the sale of the majority of the Liquid Loan Portfolio, Mogo extinguished its Credit Facility – Liquid, which held a principal outstanding balance of approximately $28,700.

  • By: Highbridge Principal Strategies LLC, Its Investment Manager By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Senior Vice President Highbridge Liquid Loan Opportunities Master Fund, L.P. By: Highbridge Principal Strategies LLC, its Investment Manager By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Senior Vice President Fraser Xxxxxxxx CLO VI Ltd., as Lender By: 3i Debt Management US, LLC as Manager By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Partner Jamestown CLO I Ltd.

  • Xxxxx Title: For any Lender requiring a second signature block: by _________________________ Name: Title: NAME OF INSTITUTION: Highbridge Liquid Loan Opportunities Master Fund, L.P. By: Highbridge Principal Strategies LLC, its Investment Manager by /s/ Xxxxx Xxxxxx __________ Name: Xxxxx Xxxxxx Title: Senior Vice President For any Lender requiring a second signature block: by _________________________ Name: Title: NAME OF INSTITUTION: Highbridge Loan Management 2012-1, Ltd.

  • Hempstead CLO LP Hewlett Packard Company Master Trust Highbridge—GIM Credit Master LUX S.a.r.l. Highbridge Liquid Loan Opportunities Master Fund, L.P. Highbridge Loan Management 2013-2, Ltd Highbridge Loan Management 4-2014 LTD Highbridge Loan Management 5-2015, Ltd.


More Definitions of Liquid Loan

Liquid Loan. A Loan which is the subject of at least two independent bid quotations as reported on IDC, Markit or BBG (or any successor nationally recognized loan pricing service designated by the Collateral Manager by notice to the Administrative Agent and the Collateral Agent). “Liquid Portfolio Asset”: A Portfolio Asset that is a Liquid Loan or a Participation Interest in a Liquid Loan. “Loan”: Any loan which represents an obligation of the relevant Obligor that is (a) sourced or originated by the Seller or any of its Affiliates and which the Borrower acquires or (b) which the Borrower originates or acquires from a third party in the ordinary course of its business;
Sample 1
Liquid Loan. The meaning specified in the Global Master Repurchase Agreement.
Sample 1

Related to Liquid Loan

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Bid Loan has the meaning specified in Section 2.03(a).

  • LIBOR Loan means a Loan or any portion thereof bearing interest by reference to the LIBOR Rate.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • Revolving Advance has the meaning given in Section 2.1.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Prepayment Account for any Class of Loans shall mean an account (which may include the Prepayment Account established under the Security Agreement) established by the Borrower with the Collateral Agent and over which the Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal for application in accordance with this subsection (viii). The Collateral Agent will, at the request of the Borrower, invest amounts on deposit in the Prepayment Account for any Class of Loans in Cash Equivalents that mature prior to the last day of the applicable Interest Periods of the Eurodollar Loans of such Class to be prepaid; provided, however, that (i) the Collateral Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Collateral Agent to be in, or would result in any, violation of any Law, (ii) such Cash Equivalents shall be subjected to a First Priority Lien in favor of the Collateral Agent and (iii) if any Event of Default shall have occurred and be continuing, the selection of such Cash Equivalents shall be in the sole discretion of the Collateral Agent. The Borrower shall indemnify the Collateral Agent for any losses relating to such investments in Cash Equivalents so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account until all outstanding Loans of any applicable Class with respect to which amounts have been deposited in the Prepayment Accounts have been prepaid in full, at which time so much thereof as is not required to make payment of the Senior Credit Obligations which have become due and payable (whether by scheduled maturity, acceleration or otherwise) shall be withdrawn by the Collateral Agent on the next Business Day following the day on which the Collateral Agent considers the funds deposited therein to be collected funds and disbursed to the Borrower or its order. If the maturity of the Loans has been accelerated pursuant to Section 8.02, the Administrative Agent may, in its sole discretion, cause the Collateral Agent to withdraw amounts on deposit in the Prepayment Account for the applicable Class of Loans and, subject to Section 8.03, apply such funds to satisfy the Senior Credit Obligations of the applicable Class or Classes.

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Liquidated Loan A Mortgage Loan with respect to which the related Mortgaged Property has been acquired, liquidated or foreclosed and with respect to which the applicable Servicer determines that all Liquidation Proceeds which it expects to recover have been recovered.

  • Canadian Base Rate Loan means a Canadian Loan that bears interest at a rate per annum determined by reference to the Canadian Prime Rate.

  • Money Market LIBOR Loan means a loan to be made by a Bank pursuant to a LIBOR Auction (including such a loan bearing interest at the Base Rate pursuant to Section 8.01(a)).

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Alternative Currency Term Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • LIBOR Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the LIBOR Rate.

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Dollar Loan means a Loan denominated in Dollars.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.