OC Ratio definition

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 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.

• For the avoidance of doubt, the Excluded Loan shall not be included in any calculations of the Coverage Tests, the Advance Rate Test, the Commitment Shortfall Test, the Concentration Limits, the Collateral Quality Tests and the EOD OC Ratio.

• The Division does not allege that Zohar I ever “failed the OC Ratio test even if the collateral had been categorized correctly.” Div.

• 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.

• This material information underlies the alleged miscategorization of loans and consequent OC Ratio Test in the trustee reports and is related to the alleged improper valuation of assets in the financial statements.

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 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 Borrowing Base to

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 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 the Borrower has entered into binding commitments to purchase.

OC Ratio. Breach On any Business Day, a failure of the Minimum OC Coverage Test. Minimum OC Coverage Test As of any date, a test that is satisfied if the OC Ratio as of such date is equal to or greater than 1.00:1.00.

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