OC Ratio Denominator definition

OC Ratio Denominator means, as of any Business Day, the sum of (a) the Dollar Equivalent of the aggregate outstanding principal balance of the Advances and (b) the Dollar Equivalent of the aggregate cash purchase price of all Collateral Loans for which the Borrower has entered into a binding commitment to purchase that have not yet settled.
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OC Ratio Denominator means, as of any Business Day, the sum of (a) the Dollar Equivalent of the aggregate outstanding principal balance of the Advances, (b) the Dollar Equivalent of the aggregate cash purchase price of all Collateral Loans for which the Borrower has entered into a binding commitment to purchase that have not yet settled and (c) for Collateral Loans subject to a binding commitment to be contributed to the Borrower on a cashless basis that have not yet settled, the Adjusted Principal Balance of such Collateral Loan as agreed in connection with the relevant Approval Request.
Sample 1Sample 2Sample 3
OC Ratio Denominator means, as of any Business Day, the sum of (a) the Dollar Equivalent of the aggregate outstanding principal balance of the Advances and, (b) the Dollar Equivalent of the aggregate cash purchase price of all Collateral Loans for which the Borrower has entered into a binding commitment to purchase that have not yet settled. and (c) for Collateral Loans subject to a binding commitment to be contributed to the Borrower on a cashless basis that have not yet settled, the Adjusted Principal Balance of such Collateral Loan as agreed in connection with the relevant Approval Request.
Sample 1Sample 2

More Definitions of OC Ratio Denominator

OC Ratio Denominator means, as of any Business Day, the sum of (a) the Dollar Equivalent of the aggregate outstanding principal balance of the Advances, (b) the Dollar Equivalent of the aggregate cash purchase price of all Collateral Loans for which the Borrower has entered into a binding commitment to purchase that have not yet settled and (c) 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 within ten (10) Business Days following entry into such commitment, the Adjusted Principal Balance of such Collateral Loan as agreed in connection with the relevant Approval Request.
Sample 1

Related to OC Ratio Denominator

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Loan Assets included in the Aggregate Adjusted Borrowing Value, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Loan Asset by (ii) such Eligible Loan Asset’s contribution to the Aggregate Adjusted Borrowing Value and dividing (b) such sum by the Aggregate Adjusted Borrowing Value.