Net Purchased Collateral Loan Balance definition

Net Purchased Collateral Loan Balance means, as of any date of determination, an amount equal to the Aggregate Principal Balance of all Collateral Loans sold and/or contributed to the Borrower prior to such date.
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Net Purchased Collateral Loan Balance means, as of any date of determination, an amount equal to (a) the Dollar Equivalent of the Aggregate Principal Balance of all Collateral Loans sold and/or contributed to or originated by a Borrower Entity prior to such date minus (b) the Dollar Equivalent of the Aggregate Principal Balance of all Collateral Loans repurchased by the Equity Holder or an Affiliate thereof or released to the Equity Holder pursuant to a dividend (other than mandatory repurchases effected pursuant to the Master Transfer Agreement or any Collateral Loans sold at the direction of the Blackstone Asset Based Finance Representative pursuant to Section 10.1(b)), in each case prior to such date.
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Related to Net Purchased Collateral Loan Balance

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • 60-Day Delinquent Receivables means, as of any date of determination, all Receivables (other than Repurchased Receivables and Defaulted Receivables) that are sixty (60) or more days delinquent as of such date (or, if such date is not the last day of a Collection Period, as of the last day of the Collection Period immediately preceding such date), as determined in accordance with the Servicer’s Customary Servicing Practices.