Principal Collateralization Amount definition

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

Principal Collateralization Amount. As of any date, as applied to any specified Collateral Obligation, 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

• As of any date, the aggregate Dollar amount of all equity investments in the Issuer made after the Closing Date, (a) in Cash that constitutes Principal Proceeds and (b) in the form of Collateral Loans (valued at the Principal Collateralization Amount for each such Collateral Loan).

• A condition that is satisfied if, as of the Closing Date, the Principal Collateralization Amount on such date equals or exceeds $345,000,000.

• 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.

• In particular, you should ensure that your computer network is of such a standard of reliability as is compatible with running a client- server database application; namely CAT 5e standard network cabling, and NOT wireless networking.

• An amount equal to, without duplication (i) the Aggregate Principal Balance of all Collateral Obligations (other than Defaulted Obligations), plus (ii) the aggregate amount of Principal Proceeds on deposit in the Collection Account and the Revolver Funding Account, plus (iii) the Aggregate Undrawn Amount, plus (iv) the Principal Collateralization Amount for all Defaulted Obligations.

• 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.

• With respect to any specified Class or Classes of Secured Notes as of any Measurement Date or other date of determination, the percentage derived from: (i) the sum of (x) the Principal Collateralization Amount on such date plus (y) the Net Aggregate Exposure Amount divided by (ii) the sum of (x) Aggregate Outstanding Amount on such date of the Secured Notes of such Class or Classes, each Priority Class of Secured Notes and each Pari Passu Class of Secured Notes plus (y) the Net Aggregate Exposure Amount.

• 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.

• The French Foreign Legion, along with regular troops, was traditionally used in foreign military campaigns much more than the general run of conscripts; conscripts were used in the Algerian war of 1954-62, but not in the Indo-China (Vietnam) war of 1947-54.

• A condition that is satisfied if, as of the end of the Effective Period, the Principal Collateralization Amount on such date equals or exceeds$350,000,000[ ].

More Definitions of Principal Collateralization Amount

Principal Collateralization Amount. As of any date, with respect to each Portfolio or as applied to any specified Collateral Obligation, 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

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, 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, 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).