Original Asset Value definition
Original Asset Value means, with respect to any Collateral Asset on any date of determination, (i) the Purchase Price of such Collateral Asset paid by the Borrower on the related Acquisition Date multiplied by (ii) such Collateral Asset’s Principal Balance at such date of determination; provided that, if the Purchase Price is in excess of 100%, it shall be deemed to have been acquired at par; provided, further, that, if a Collateral Asset has an original issue discount of 5% of par or less or is otherwise acquired for a Purchase Price of 95% or greater (expressed in Dollars and as a percentage of par), it shall be deemed to have been acquired at par.
Original Asset Value means, with respect to any Collateral Asset on any date of determination, (i) the Purchase Price of such Collateral Asset on the related Acquisition Date multiplied by (ii) such Collateral Asset’s Principal Balance at such date of determination; provided that, if the Purchase Price is in excess of 100%, it shall be deemed to have been acquired at par; provided, further, that, if a Collateral Asset (other than a Broadly Syndicated Loan) has an original issue discount of 3% of par or less or is otherwise acquired for a Purchase Price of 97% or greater (expressed as a percentage of par), it shall be deemed to have been acquired at par.
Original Asset Value means, for each Collateral Loan included in the Collateral, the product of (i) the Purchase Price paid by the Borrower for such Collateral Loan times (ii) the Principal Balance of such Collateral Loan on the date such Collateral Loan is acquired by the Borrower.
Examples of Original Asset Value in a sentence
Likewise, if the Revised Asset Value is less than the Original Asset Value, then the amount of the Purchase Price allocable to the International Network Assets pursuant to Section 2.6(a) above shall be decreased, dollar for dollar, by such amount and the amount of the Purchase Price allocable to the Interest shall be increased by such amount.
If the sum of the agreed upon value of the International Network Assets shown on such revised Schedule 1.10 (the "Revised Asset Value") exceeds the Original Asset Value, then the amount of the Purchase Price allocable to the International Network Assets pursuant to Section 2.6(a) above shall be increased, dollar for dollar, by such excess and the amount of the Purchase Price allocable to the Interest shall be decreased by such excess.
In addition, nothing herein shall obligate the Collateral Administrator to determine the Asset Value (including the Original Asset Value) of a Collateral Loan.
More Definitions of Original Asset Value
Original Asset Value means, with respect to any Collateral Loan on any date of determination, (i) the Purchase Price of such Collateral Loan on the related Acquisition Date multiplied by (ii) such Collateral Loan’s Principal Balance at such date of determination; provided that, (x) if the Purchase Price is in excess of 100%, it shall be deemed to have been acquired at par and (y) the Original Asset Value of any Consent Collateral Loan shall be the amount determined by the Administrative Agent in its sole discretion; provided, further, that, if a Collateral Loan (other than a Priced Loan) has an original issue discount of 3% of par or less or is otherwise acquired for a Purchase Price of 97% or greater (expressed as a percentage of par), it shall be deemed to have been acquired at par.
Original Asset Value. Section 2.6(a)
Original Asset Value. With respect to any Loan (a) par, for such Loan purchased or originated at a price equal to or greater than 97% of par, or (b) otherwise the lower of (x) the Fair Market Value of such Loan and (y) the Purchase Price of such Loan. For the avoidance of doubt, the Original Asset Value of any Loan purchased at a premium shall also be equal to par.
Original Asset Value means, with respect to any (a) Consent Loan on any date of determination, (i) the lower of (x) the Purchase Price of such Collateral Loan and (y) an amount determined by the Administrative Agent in its sole discretion on the related Acquisition Date multiplied by (ii) such Collateral Loan’s Principal Balance at such date of determination and (b) any Collateral Loan (other than a Consent Loan) on any date of determination, (i) the Purchase Price of such Collateral Loan multiplied by (ii) such Collateral Loan’s Principal Balance at such date of determination; provided that (a) if a Collateral Loan acquired by the Borrower within ninety (90) days of such Collateral Loan’s origination date and was issued with an original issue discount of up to and including five 5.0% of par, it shall be deemed to have been acquired at par and (b) if the Purchase Price is in excess of 100%, a Collateral Loan shall be deemed to have been acquired at par.
Original Asset Value means, with respect to any Collateral Asset on any date of determination, (i) the Purchase Price of such Collateral Asset on the related Acquisition Date
Original Asset Value. With respect to any Loan (a) par, for such Loan purchased or originated at a price equal to or greater than 97% of par, or (b) otherwise the lower of (x) the Fair Market Value of such Loan and (y) the Purchase Price of such Loan. For the avoidance of doubt, the Original Asset Value of any Loan purchased at a premium shall also be equal to par.