Principal Collateralization Amount definition

Principal Collateralization Amount means, at any time, the sum of:

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Principal Collateralization Amount. As of any date, an amount equal to the sum, without duplication, of the following:

Principal Collateralization Amount means an amount equal to the result of (i) the Aggregate Principal Balance of all Performing Collateral Obligations (provided that for such purposes, each Collateral Obligation whose purchase price is below 95% will be carried at its purchase price expressed as a percentage, times its outstanding principal balance), plus (ii) the aggregate amount of cash on deposit in the Principal Collection Subaccount.

Examples of Principal Collateralization Amount in a sentence

Any Collateral Loan that, as a result of any amendment, waiver or supplement thereto, ceases to qualify as a Collateral Loan will thereafter be deemed to have a value for purposes of the Principal Collateralization Amount of zero for so long as it remains unqualified to be a Collateral Loan by the terms of this Agreement.
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Any Collateral Loan that, as a result of any amendment or supplement thereto, ceases to qualify as a Collateral Loan, will thereafter have a value equal to zero when calculating the Principal Collateralization Amount for purposes of the Overcollateralization Ratio Test for so long as it remains unqualified to be a Collateral Loan by the terms of this Agreement.
The Advance Ratio (the “Advance Ratio”) shall equal, at any date of determination, a fraction (i) the numerator of which is the aggregate principal amount of the Advances outstanding at such time and (ii) the denominator of which is the Principal Collateralization Amount at such time.
Any Collateral Obligation that, as a result of any amendment or supplement thereto, ceases to qualify as a Collateral Obligation, will thereafter have a value equal to zero when calculating the Principal Collateralization Amount for purposes of the Overcollateralization Ratio Test for so long as it remains unqualified to be a Collateral Obligation by the terms of the Indenture.

More Definitions of Principal Collateralization Amount

Principal Collateralization Amount. As of any date, with respect to the Assets or as applied to any specified Collateral Obligation, an amount equal to the sum, without duplication, of the following:

Principal Collateralization Amount. “Recurring Revenue Loan,” “Second Lien Loan,” “Senior Secured Bond,” “Senior Secured Loan,” or any defined term used therein, in each case, or the terms of Section 2.6, Section 2.7, Section 2.10, Section 6.4, Section 9.1, this Section 12.5 or any other pro rata sharing terms contained herein, in each case in a manner adverse to the interests of any Lender; or (5) all of the Lenders, contractually subordinate the payment priority of the Obligations or contractually subordinate the Liens granted to the Collateral Agent (for the benefit of the Secured Parties) in the Collateral;

Principal Collateralization Amount means, on any Measurement Date, an amount equal to the sum of (a) the aggregate Principal Balance of all Collateral Debt Securities (other than Downgraded Securities, PIK Securities and Defaulted Securities) plus (b) the Market Value for each Downgraded Security plus (c) the lower of the Market Value and the Assigned Recovery Value for each Defaulted Security and each PIK Security. Notwithstanding the foregoing, any Collateral Debt Security acquired at a Purchase Price of less than 90% of the Principal Balance thereof on the date of acquisition and otherwise falling into clause (a) above shall be included in the Principal Collateralization Amount on the basis of the Purchase Price thereof (expressed for this purpose as a percentage).

Principal Collateralization Amount means on any Measurement Date, an amount equal to (a) the Aggregate Carrying Value on such Measurement Date of all Performing Collateral Debt Securities (other than Specified Securities and Excess Caa Securities) plus (b) for Specified Securities (other than Excess Caa Securities), the lower of the Aggregate Carrying Value thereof on such Measurement Date and the aggregate Unamortized Purchase Amounts thereof on such Measurement Date plus (c) the Issuer Exposure as of such Measurement Date plus (d) for each Excess Caa Security, the lower of (i) 50% of the Principal Balance of such Excess Caa Security on such Measurement Date and (ii) the Carrying Value of such Excess Caa Security on such Measurement Date plus (e) for each Non-Performing Collateral Debt Security, the Calculation Amount therefor on such Measurement Date (it being understood that clause (c) above is intended to reflect any mark-to-market loss or gain by the Issuer under the Hedge Agreements, if any).

Principal Collateralization Amount means, as of any date, with respect to the Collateral Loans or as applied to any specified Collateral Loan, an amount equal to the sum, without duplication, of the following:

Principal Collateralization Amount means, on any Measurement Date, an amount equal to (a) the Aggregate Carrying Value on such Measurement Date of all Performing Collateral Debt Securities plus (b) the balance of all Principal Proceeds (1) held as Eligible Investments purchased with Principal Proceeds on such Measurement Date and (without duplication) (2) held in the Additional Notes Collection Sub-Account minus (c) the Hedge Counterparty Exposure as of such Measurement Date plus (d) the Issuer Exposure as of such Measurement Date plus (e) for each Non-Performing Collateral Debt Security, the Calculation Amount therefor on such Measurement Date (it being understood that clauses (c) and (d) above are intended to reflect any mark-to-market loss or gain by the Issuer under the Hedge Agreement). Notwithstanding the foregoing, for purposes of determining the Senior Overcollateralization Ratio and the Junior Overcollateralization Ratio and compliance with the Dividend Payment Test, the Carrying Value for each Collateral Debt Security shall in no event exceed 100% of the Principal Balance thereof.

Principal Collateralization Amount means an amount equal to the result of (i) the Aggregate Principal Balance of all Performing Collateral