Portfolio Concentration Criteria definition

Portfolio Concentration Criteria. The following concentration limitations at all times measured on the basis of percentage of ADCB:
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Portfolio Concentration Criteria means, as of any date of determination, that (a) no more than 25% of Eligible Customers in the Borrowing Base are Non-Investment Grade, (b) no more than 15% of Eligible Customers in the Borrowing Base are unrated entities, and (c) no Eligible Customer in the Borrowing Base has an Ineligible Rating.
Sample 1
Portfolio Concentration Criteria means, at any time, the following concentration limitations measured at such time:
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Examples of Portfolio Concentration Criteria in a sentence

  • On any day, each of the concentration limitations (calculated without duplication of any Contract that is in violation of more than one of the Portfolio Concentration Criteria) as set forth in Schedule VI, which concentration limitations shall, unless otherwise specified in the Portfolio Concentration Criteria, be measured on the basis of a percentage of ADCB.

  • For the avoidance of doubt, the Portfolio Concentration Criteria shall only be required to be satisfied in connection with a Replenishment in accordance with the preceding sentence.

  • No Replenishment may be made unless, after such Replenishment has been effected, the portfolio concentration limitations set forth in Schedule B2 hereto (the "Portfolio Concentration Criteria") are either satisfied or, if not satisfied prior to the proposed Replenishment, improved as a result of such Replenishment.

  • The Borrowing Base to not meet the Portfolio Concentration Criteria.

  • Without regard to the eligibility requirements set forth in the definitions of "Eligible Contract" and "Portfolio Concentration Criteria," no procedures believed by the Borrower to be adverse to the interests of the Lenders were utilized by the Borrower or the Originator in identifying and/or selecting the Contracts in the Asset Pool.

  • In making Replenishments, the Buyer shall make best commercially reasonable effort to ensure that the allocation of Reference Obligations in the Reference Pool is similar to the allocation of the Eligible Obligations held by the Buyer, subject to the application of the Portfolio Concentration Criteria.


More Definitions of Portfolio Concentration Criteria

Portfolio Concentration Criteria. On any day, each of the concentration limitations as set forth in Schedule VIII, which concentration limitations shall be measured on the basis of a percentage of ADCB.
Sample 1

Related to Portfolio Concentration Criteria

  • Concentration Percentage means (i) for any Group AA Obligor, 30.00%, (ii) for any Group A Obligor, 17.50%, (iii) for any Group B Obligor, 15.00%, (iv) for any Group C Obligor, 12.50% and (v) for any Group D Obligor, 7.50%.

  • Obligor Concentration Limit At any time, in relation to the aggregate Unpaid Balance of Receivables owed by any single Obligor and its Affiliated obligors (if any):

  • Excess Concentration means the sum of the following amounts, without duplication:

  • Investment Criteria The criteria specified in Section 12.2(a).

  • Concentration means the weight of any given material present in a unit volume of liquid. Unless otherwise indicated in this permit, concentration values shall be expressed in milligrams per liter (mg/l).

  • Proved Developed Producing Reserves means Proved Reserves which are categorized as both “Developed” and “Producing” in the Definitions, “Proved Developed Nonproducing Reserves” means Proved Reserves which are categorized as both “Developed” and “Nonproducing” in the Definitions, and “Proved Undeveloped Reserves” means Proved Reserves which are categorized as “Undeveloped” in the Definitions.

  • Concentration Reserve Percentage means, at any time of determination, the largest of: (a) the sum of the five (5) largest Obligor Percentages of the Group D Obligors, (b) the sum of the three (3) largest Obligor Percentages of the Group C Obligors, (c) the sum of the two (2) largest Obligor Percentages of the Group B Obligors and (d) the largest Obligor Percentage of the Group A Obligors.

  • Portfolio Value means the aggregate amount of portfolio of investments including cash balance without netting off of leverage undertaken by the CDMDF.

  • Proved Developed Non-Producing Reserves means oil and gas reserves that, in accordance with Petroleum Industry Standards, are classified as both “Proved Reserves” and “Developed Non-Producing Reserves.”

  • Excess Concentration Amount means, on any date of determination, the sum of, without duplication,

  • Fitch Criteria means the Collateral Amount shall equal the sum of (i) the product of A multiplied by the xxxx-to-market value of the outstanding Transactions determined by Party A in good faith from time to time, and (ii) the product of B multiplied by the current aggregate notional amount of the outstanding Transactions, where:

  • Board-Established Criteria means criteria that the Board of a Regulated Fund may establish from time to time to describe the characteristics of Potential Co-Investment Transactions regarding which the Adviser to the Regulated Fund should be notified under Condition 1. The Board-Established Criteria will be consistent with the Regulated Fund’s Objectives and Strategies (defined below). If no Board-Established Criteria are in effect, then the Regulated Fund’s Adviser will be notified of all Potential Co-Investment Transactions that fall within the Regulated Fund’s then-current Objectives and Strategies. Board-Established Criteria will be objective and testable, meaning that they will be based on observable information, such as industry/sector of the issuer, minimum EBITDA of the issuer, asset class of the investment opportunity or required commitment size, and not on characteristics that involve a discretionary assessment. The Adviser to the Regulated Fund may from time to time recommend criteria for the Board’s consideration, but Board-Established Criteria will only become effective if approved by a majority of the Independent Directors (defined below). The Independent Directors of a Regulated Fund may at any time rescind, suspend or qualify their approval of any Board-Established Criteria, though Applicants anticipate that, under normal circumstances, the Board would not modify these criteria more often than quarterly.