Market Value Trigger definition

Market Value Trigger has the meaning set forth in the Transaction Schedule.

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Market Value Trigger. As of any date of determination, the “AR” specified in the definition of the term Borrowing Base Test plus 10.0%

Examples of Market Value Trigger in a sentence

None of the Collateral Agent, the Collateral Administrator or the Securities Intermediary shall be deemed to have knowledge or notice of any matter, including any Default, Event of Default, Market Value Event, Market Value Trigger Event or failure of the Borrowing Base Test unless and until a Responsible Officer has received written notice thereof from the Company, a Lender or the Administrative Agent.
Notwithstanding the foregoing, the requirements under clause (x) of this paragraph (other than no Default or Event of Default has occurred and is continuing) shall not apply to any sales initiated following the occurrence of a Market Value Trigger Event to the extent consummated to effect a Market Value Cure.
The lesser of, on any date of determination, (x) Net Advances over Net Asset Value on such date of determination plus 9.0% and (y) the Market Value Trigger determined on the immediately preceding Calculation Period Start Date (or, if later, the First Amendment Effective Date); provided that if the Market Value Trigger would be less than 29%, the Market Value Trigger shall be 29%.
For purposes of all calculations relating to the Borrowing Base Test, any Market Value Trigger Event, the Net Asset Value, the Collateral Principal Amount and related terms hereunder, (x) during the period commencing on the Second Amended and Restated Effective Date and ending on (and including) the earlier of (1) the Bridge Advance Due Date and (2) the date the Bridge Advance is repaid in full, the Bridge Advance Portfolio Investment, the Bridge Commitment and the Bridge Advance shall be disregarded.

More Definitions of Market Value Trigger

Market Value Trigger has the meaning as otherwise agreed among the parties hereto.

Market Value Trigger has the meaning set forth in the Transaction Schedule. #90948295v3

Market Value Trigger has the meaning set forth in the Transaction Schedule. "Material Adverse Effect" means a material adverse effect on (a) the business, assets, operations or condition, financial or otherwise, of the Company or the Portfolio Manager, taken as a whole, (b) the ability of the Company or the Portfolio Manager to perform its obligations under this Agreement or any of the other Loan Documents or (c) the rights of or benefits available to the Agents or the Lenders under this Agreement or any of the other Loan Documents. "Material Amendment" has the meaning set forth in Section 10.06(c). "Maturity Date" means the date that is the earliest of (1) the Scheduled Termination Date set forth on the Transaction Schedule, (2) the date on which the Secured Obligations become due and payable upon the occurrence of an Event of Default under Article VII and the acceleration of the Secured Obligations, (3) the date on which the principal amount of the Advances is irrevocably reduced to zero as a result of one or more prepayments and the Financing Commitments are irrevocably terminated and (4) the date after a Market Value Event on which all Portfolio Investments have been sold and the proceeds therefrom have been received by the Company. "Maximum Rate" has the meaning set forth in Section 10.08. "Mezzanine Obligation" means a Portfolio Investment which is unsecured, subordinated debt of a company that represents a claim on such company's assets which is senior only to that of the equity securities of such company. "Minimum Equity Test" means a test that will be satisfied on any date of determination if the sum of the Net Asset Value minus the Net Advances as of such date exceeds the Market Value of the four (4) largest Portfolio Investments (after giving effect to any haircuts applied for the purposes of the Concentration Limitations) as of such date. "Minimum Funding Amount" means, with respect to the Financing Commitment, on any date of determination, the amount set forth in the table below; provided that, on and after any Commitment Increase Date, the Minimum Funding Amount shall be the amount specified above plus 70% of the increase in the Financing Commitment resulting from the Commitment Increase Request and any prior Commitment Increase Request: Tenth Amendment Effective Date Minimum Funding Amount (U.S.$ or % of the Financing Commitment) To and including the last day of the Reinvestment Period If an Optional Commitment Reduction Date has occurred, pursuant to the chart ...

Market Value Trigger has the meaning set forth in the Transaction Schedule. "Market Value Trigger Event" means an event that shall have occurred if the Administrative Agent has determined and notified the Servicer in writing as of any date that the Net Advances exceed the product of (a) the Net Asset Value and (b) the Market Value Trigger. "Master Participation Agreement" has the meaning set forth in the introductory section of this Agreement. "Material Adverse Effect" means a material adverse effect on (a) the business, assets, operations or condition, financial or otherwise, of any Loan Party, the Seller or the Servicer, (b) the ability of any Loan Party, the Seller or the Servicer to perform its obligations under this Agreement or any of the other Loan Documents or (c) the rights of or benefits available to the Agents, the Collateral Administrator, the Securities Intermediary or the Lenders under this Agreement or any of the other Loan Documents. "Material Amendment" means any amendment, modification or supplement to this Agreement that (i) increases the Financing Commitment of any Lender, (ii) reduces the principal amount of any Advance or reduces the rate of interest thereon, or reduces any fees payable to a Lender hereunder, (iii) postpones the scheduled date of payment of the principal amount of any Advance, or any interest thereon, or any other amounts payable hereunder, or reduces the amount of, waives or excuses any such