OC Ratio definition

OC Ratio means, as of any Business Day, the ratio of (a) the Borrowing Base to (b) the sum of (x) the Dollar Equivalent of the aggregate outstanding principal balance of the Advances and (y) the Dollar Equivalent of the aggregate purchase price of all Collateral Loans for which the Borrower has entered into a binding commitment to purchase that have not yet settled.

OC Ratio means the ratio calculated as:

OC Ratio means, as of any Business Day,

Examples of OC Ratio in a sentence

• The Borrower shall not accept equity contributions from the Equityholder or OC Ratio Posting Payments in excess of $600,000,000 in the aggregate.

• OC Ratio Breach Cures 99 ARTICLE VII PLEDGE OF COLLATERAL; RIGHTS OF THE COLLATERAL AGENT SECTION 7.01.

• For the purposes of calculating the OC Ratio and compliance with Concentration Limitations under this Section 8.07(c) only, the Collateral Agent shall be permitted to use financial information with respect to the Collateral Loans that was included in the most recent Borrowing Base Calculation Statement provided to the Administrative Agent by the Borrower.

• All cash received by the Borrower from contributions by the Equityholder, all OC Ratio Posting Payments, all Advance proceeds and any amounts transferred from the Principal Collection Subaccount pursuant to the Priority of Payments or in connection with the purchase of additional Collateral Loans pursuant to Section 10.02 will be deposited in the Trust Account.

• For the purposes of calculating the OC Ratio and compliance with Concentration Limitations under this Section 8.07(c) only, the Collateral Agent shall be permitted to use financial information a daily position report with respect to the Collateral Loans that was included in the most recent Borrowing Base Calculation Statement provided to the Administrative Agent by the Borrowerin substantially the form attached hereto as Exhibit K.

More Definitions of OC Ratio

OC Ratio means the ratio calculated as:- the Aggregate Asset Amount,- divided by Aggregate Privileged Notes Outstanding Principal Amount.

OC Ratio means, as of any Business Day, the percentage calculated by dividing the Borrowing Base by the sum (without duplication) of (x) the Outstanding Principal Amount of the Loans and (y) the aggregate Purchase Price of all Assets not yet settled for which any Borrower Party has entered into binding commitments to purchase.

OC Ratio means, as of any Business Day, the ratio of (a) the Borrowing Base to (b) the sum of (x) the outstanding principal balance of the Facility and (y) the aggregate purchase price of all Collateral Loans for which the Borrower has entered into a binding commitment to purchase that have not yet settled.

OC Ratio means, as of any Business Day, the ratio of (a) the sum of (i) the Borrowing Base plus (ii) the Implied Equity in connection with any acquisition of Collateral Loans for which the Borrower has entered into a binding commitment to acquire that have not yet settled to (b) the OC Ratio Denominator.

OC Ratio means, as of any Business Day, the ratio of (a) the Borrowing Base to (b) the sum of (x) the Dollar Equivalent of the aggregate outstanding principal balance of the Advances and (y) the Dollar Equivalent of the aggregate purchase price of all Borrowing Base and (y) solely with respect to any Collateral Loans subject to a binding commitment to be contributed to the Borrower on a cashless basis that has not yet settled, the Implied Equity in connection with any acquisition of Collateral Loans for which the Borrower has entered into a binding commitment to purchaseacquire that have not yet settled and (b) the OC Ratio Denominator.

OC Ratio means, as of any Business Day, the ratio of (a) the Borrowing Base to (b) the OC Ratio Denominator. “OC Ratio Breach” means, on any Business Day, a failure of the Minimum OC Coverage Test.

OC Ratio means, as of any Business Day, the percentage calculated by dividing (a) the Borrowing Base by