Number of Pricing Sources definition
Number of Pricing Sources has the meaning set forth in the Collateral Valuation Schedule.
Number of Pricing Sources means, as of any date of determination, (i) for each Bank Loan, the arithmetic average, over the five Business Days immediately preceding such date of determination, of the Maximum Number of Price Indications on such Business Day, and (ii) for Corporate Bond Securities, the number of unique daily bid-side quotations that the Administrative Agent receives directly from the list of Approved Bond Dealers, except that (x) if the Administrative Agent believes in its sole discretion that quotations reported on FT Interactive Data or TRACE is duplicative of another quoting dealer, then that quote will be excluded from the calculation, and (y) if any of the quoting dealers’ 5 Year Ask CDS Spread is greater than 350 basis points, then their quotes will also be excluded from the analysis. On each date of determination, the Number of Pricing Sources shall be rounded up to the nearest whole number. If DBNY is the source of one of the price indications for Bank Loans or is the source of one of the bid-side daily quotations for Corporate Bond Securities and (i) there is only one other price indication or quotation, as applicable, then the Number of Pricing Sources will count as 3 instead of 2, or (ii) there is no other price indication or quotation, as applicable, then the Number of Pricing Sources will count as two instead of one, provided that the Administrative Agent can change the margin requirement for these positions in its sole discretion upon 8 business days notice to the Borrower.
Number of Pricing Sources means, as of any date of determination, for each Bank Loan, the arithmetic average, over the five Business Days immediately preceding such date of determination, of the Maximum Number of Price Indications on such Business Day. On each date of determination, the Number of Pricing Sources shall be rounded up to the nearest whole number.
More Definitions of Number of Pricing Sources
Number of Pricing Sources means, as of any date of determination, (i) for each Bank Loan, the arithmetic average, over the lesser number of days of (x) ten Business Days immediately preceding such date of determination, of the Maximum Number of Price Indications on each such Business Day and (y) each Business Day since such Bank Loan first traded on the secondary market and on which an Approved Pricing Service provides pricing or quotation services for such Bank Loan, of the Maximum Number of Price Indications on each such Business Day and (ii) for Corporate Bond Securities, the number of unique daily bid-side quotations that the Administrative Agent receives directly from the list of Approved Bond Dealers, except that (x) if the Administrative Agent believes in its sole discretion that quotations reported on FT Interactive Data or TRACE is duplicative of another quoting dealer, then that quote will be excluded from the calculation, and (y) if any of the quoting dealers’ 5 Year Ask CDS Spread is greater than 350 basis points, then their quotes will also be excluded from the analysis. On each date of determination, the Number of Pricing Sources shall be rounded up to the nearest whole number.
Number of Pricing Sources means, as of any date of determination, (i) for each Bank Loan, the arithmetic average, over the five Business Days immediately preceding such date of determination, of the Maximum Number of Price Indications on such Business Day, and (ii) for Securities, the number of unique daily bid-side quotations that the Lender receives directly from the list of Approved Bond Dealers, except that (x) if the Lender believes in its