Outstanding Underlying Adjusted Loan Balance definition

Outstanding Underlying Adjusted Loan Balance means, for any Eligible Portfolio Asset for any date of determination, an amount equal to the applicable Advance Rate for such Eligible Portfolio Asset multiplied by the Outstanding Principal Balance of such Eligible Portfolio Asset (or, in the case of any Eligible Portfolio Asset with respect to which an Underlying Obligor Default is continuing, 50% of such Outstanding Principal Balance) at such time.
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Outstanding Underlying Adjusted Loan Balance means, for any Eligible Portfolio Asset for any date of determination, an amount equal to the applicable Advance Rate for such Eligible Portfolio Asset multiplied by the Outstanding Principal Balance of such Eligible Portfolio Asset (or, in the case of any Eligible Portfolio Asset with respect to which an Underlying Obligor Default is continuing, 50% of such Outstanding Principal Balance) at such time. "Participant" has the meaning assigned to that term in Section 11.04(d). "Participant Register" has the meaning assigned to that term in Section 2.03(c). "Participation Agreement" means, for any Portfolio Asset that consists of a loan participation interest, the participation agreement or other agreement pursuant to which the Borrower participates in the Underlying Loan Obligation for such Portfolio Asset in a form customarily provided by the Loan Syndications and Trading Association, or in a form reasonably agreed to by the Borrower and the Administrative Agent (acting at the direction of the Majority Lenders) on or prior to the Closing Date or Cut‐Off Date for such Portfolio Asset, as the case may be. "Payment Date" means (a) with respect to any unscheduled inter‐period payments made at the Borrower’s option, any date specified by the Borrower so long as no more than three (3) such Payment Dates per fiscal quarter (or such higher number agreed to by the Initial Lender) are declared pursuant to this clause (a) (such unscheduled payment date, an “Inter‐Period Payment Date”), (b) with respect to regularly scheduled payment dates, the 15th calendar day of January, April, July and October (commencing January 16, 2023) or, if such day is not a Business Day, the next succeeding Business Day (such regularly scheduled payment date, a “Scheduled Payment Date”) and (c) the Maturity Date; provided that, the Borrower shall deliver written notice to the Administrative Agent, the Account Bank and the Initial Lender at least three (3) Business Days prior to an Inter‐Period Payment Date. "Payment Date Report" means a report of the type described in Section 8.08(b)(ii) and substantially in the form attached hereto as Exhibit H. "Pension Plan" has the meaning assigned to that term in Section 4.01(s).
Sample 1
Outstanding Underlying Adjusted Loan Balance means for any Eligible Loan Asset for any date of determination, an amount equal to the Advance Rate for such Loan Asset at such time multiplied by the Outstanding Principal Balance of such Loan Asset at such time. "pari passu" with respect to the right of payment under any Indebtedness, means such Indebtedness is equal in rights of payment and seniority and is not (and cannot by its terms become) subject to any subordination (whether contractual or under Applicable Law) to the right of payment under any comparable Indebtedness, without consideration to any collateral security securing any such Indebtedness.
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Related to Outstanding Underlying Adjusted Loan Balance

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Loan Balance means, for any date of determination, the outstanding principal balance due under or in respect of a Timeshare Loan (including a Defaulted Timeshare Loan).

  • Aggregate Loan Balance At any date of determination, the outstanding principal balance of the Mortgage Loans serviced hereunder.

  • Adjusted Pool Balance means, on the Closing Date, an amount equal to:

  • Aggregate Outstanding Principal Balance means, as of any date of determination, the sum of the Outstanding Principal Balances of each Class of Notes outstanding on such date.

  • Maximum Revolving Advance Amount means $35,000,000.

  • Net Purchased Loan Balance means, as of any date of determination, an amount equal to the sum of (i) the Aggregate Principal Balance of all Collateral Obligations sold and/or contributed to the Buyer by the Seller (directly or indirectly) hereunder prior to such date plus (ii) the Aggregate Principal Balance of all Collateral Obligations acquired by the Buyer other than from the Seller prior to such date, in each case calculated as of the date of the Buyer’s acquisition thereof.

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Aggregate Outstanding Principal Amount means the sum of the Outstanding Principal Amounts with respect to all Series of Notes.