Purchased Loan Balance definition

Purchased Loan Balance means as of any date of determination and any Transferred Loan, the lesser of (i) the Outstanding Loan Balance of such Loan as of such date and (ii) the Fair Market Value of such Loan.
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Purchased Loan Balance. As of any date of determination and any Loan, an amount equal to (a) the lesser of (i) the Outstanding Loan Balance of such Loan on such date, and (ii) the Fair Market Value of such Loan on such date, minus (b) all amounts in excess of applicable Concentration Limits on such date; provided that no deduction under clause (b) shall be made in respect of Loans which are Permitted Investments.
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Purchased Loan Balance means as of any date of determination and any Transferred Loan, the lesser of (i) the Outstanding Loan Balance of such Loan as of such date and (ii) the Fair Market Value of such Loan; provided that, for purposes of calculating the Fair Market Value in this definition when there is more than one Eligible Loan to an Obligor, all Eligible Loans to such Obligor shall be measured as a group under clauses (1)(a), 1(b) and 1(c), or 2(a), 2(b) or 2(c) as applicable, of the definition of Fair Market Value and the Fair Market Value for such Eligible Loans to a single Obligor as a group shall equal the lesser of 1(a), 1(b) or 1(c), or 2(a), 2(b) or 2(c) as applicable.
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Examples of Purchased Loan Balance in a sentence

  • Furthermore, they argue that the general principle of the Union’s law of the 26 Case 458/98 P, Industrie des Poudres Spheriques v Council of 3 October 2000 protection of legal certainty precludes a Union act from taking effect as from a date prior its publication.

  • No repurchase or substitution shall be permitted under clauses (i) through (v) above, including with respect to any Discretionary Repurchased Loan, to the extent the amount of the Loans repurchased or substituted would exceed an amount equal to, as of any date of determination, 20% of the Net Purchased Loan Balance.

  • In no event shall the aggregate outstanding balance of Portfolio Investments in the Portfolio subject to a Substitution, together with the aggregate outstanding balance of Portfolio Investments sold to the Seller by the Company pursuant to Section 1.04 of this Agreement, exceed 20% of the Net Purchased Loan Balance measured as of the date of such sale.

  • As it can be deduced the difference between the two metallicities is about 9% for 7Be νe, about 18% for 8B νe and almost 40% for CNO νe.

  • The Principal Balance of all Equityholder Collateral Loans (other than Warranty Collateral Loans) sold pursuant to Section 10.01(a) to the Equityholder or an Affiliate thereof or released to the Equityholder pursuant to a dividend by the Borrower shall not in any twelve-month period exceed 20% of the Equityholder Purchased Loan Balance measured as of the first day of such twelve-month period.


More Definitions of Purchased Loan Balance

Purchased Loan Balance. As of any date of determination and any Transferred Loan, the least of (i) the Outstanding Loan Balance of such Loan as of such date, (ii) the Fair Market Value of such Loan, and (iii) (A) the lesser of (x) the Borrower’s purchase price for such Loan under the Purchase Agreement, (y) the purchase price for such Loan paid by the Originator, minus (B) the aggregate Principal Collections applied to the reduction of the Outstanding Loan Balance of such Loan after the date of purchase; provided that the Purchased Loan Balance of a Defaulted Loan shall be deemed to be zero. Purchasing Lenders: Defined in Section 11.1(c).
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Purchased Loan Balance. As of any date of determination and any Transferred Loan, the least of (i) the Outstanding Loan Balance of such Loan as of such date, (ii) the Fair Market Value of such Loan, and (iii) the excess, if any, of (A) the lesser of the Borrower’s purchase price for such Loan under the Purchase Agreement or the purchase price for such Loan paid by the Originator over the product of (B) the aggregate Principal Collections applied to reduction of the Outstanding Loan Balance of such Loan after the date of purchase multiplied by (x) the purchase price divided by (y) the Outstanding Loan Balance of such Loan on the date of purchase; provided that the Purchased Loan Balance of a Defaulted Loan shall be deemed to be zero. Purchasing Lenders: Defined in Section 11.1(c).
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Purchased Loan Balance. As of any date of determination and any Transferred Loan, the lesser of (i) the Outstanding Loan Balance of such Loan, and (ii) the Fair Market Value of such Loan. Purchasing Committed Lender: Defined in Section 11.1(b).
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Purchased Loan Balance means as of any date of determination and any Transferred Loan, the lesser of (i) the Outstanding Loan Balance of such Loan as of such date and (ii) the Fair Market Value of such Loan; provided that, for purposes of calculating the Fair Market Value in this definition when there is more than one Eligible Loan to an Obligor, all Eligible Loans to such Obligor shall be measured as a group under clauses (1)(a), 1(b) and 1(c), or 2(a), 2(b) or 2(c) as applicable, of the definition of Fair Market Value and the Fair Market Value for such Eligible Loans to a single Obligor as a group shall equal the lesser of 1(a), 1(b) or 1(c), or 2(a), 2(b) or 2(c) as applicable. “Purchasing Lender” is defined in Section 11.1(b). “Qualified Institution” means a depository institution or trust company organized under the laws of the United States or any one of the States thereof or the District of Columbia (or any domestic branch of a foreign bank), (i) (A) that has either (1) a long-term unsecured debt rating of A- or better by S&P and A-3 or better by Moody’s or (2) a short-term unsecured debt rating or certificate of deposit rating of A-1 or better by S&P or P-1 or better by Moody’s, (B) the parent corporation of which has either (1) a long-term unsecured debt rating of A- or better by S&P and A-3 or better by Moody’s or (2) a short-term unsecured debt rating or certificate of deposit rating of A-1 or better by S&P and P-1 or better by Moody’s or (C) is otherwise acceptable to the Administrative Agent and (ii) whose deposits are insured by the Federal Deposit Insurance Corporation. “Qualifying Syndicated Loan” means any Loan designated by the Borrower as such in the Loan List. “Quarterly Valuation Reports” is defined in Section 7.11. “Real Estate Loan” means a Transferred Loan that is secured primarily by a mortgage, deed of trust or similar lien on commercial real estate (other than hotels, restaurants and casinos) or residential real estate. “Records” means, with respect to any Transferred Loans, all documents, books, records and other information (including without limitation, computer programs, tapes, disks, punch cards, data processing software and related property and rights) maintained with respect to any item of Collateral and the related Obligors, other than the Loan Documents. “Recoveries” means, with respect to any Defaulted Loan or Charged-Off Loan, Proceeds of the sale of any Related Property, Proceeds of any related Insurance Policy, and any other recoveries wit...
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Purchased Loan Balance. As of any date of determination and any Transferred Loan, the least of (i) the Outstanding Loan Balance of such Loan as of such date, (ii) the Fair Market Value of such Loan, and (iii) the excess, if any, of (A) the lesser of the Borrower’s purchase price for such Loan under the Purchase Agreement or the purchase price for such Loan paid by the Originator over (B) the aggregate Principal Collections applied to reduction of the Outstanding Loan Balance of such Loan; provided that the Purchased Loan Balance of a Defaulted Loan shall be deemed to be zero.
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Purchased Loan Balance means as of any date of determination and any Transferred Loan, the lesser of (i) the Outstanding Loan Balance of such Loan as of such date and
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Related to Purchased 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.

  • Eligible Receivables means Receivables arising in the ordinary course of Borrower's business from the sale of goods or rendition of services, which Silicon, in its commercially reasonable judgment, shall deem eligible for borrowing, based on such considerations as Silicon may from time to time deem appropriate. Without limiting the fact that the determination of which Receivables are eligible for borrowing is a matter of Silicon's commercially reasonable discretion, the following (the "Minimum Eligibility Requirements") are the minimum requirements for a Receivable to be an Eligible Receivable: (i) the Receivable must not be outstanding for more than 90 days from its invoice date or outstanding for more than 30 days from its due date, (ii) the Receivable must not represent progress xxxxxxxx, or be due under a fulfillment or requirements contract with any party other than Digital River, Inc. (or any successor agreed upon between Borrower and Silicon), or any other deferred revenue basis (provided, however, in the event Borrower maintains a quarterly Adjusted Quick Ratio of greater than or equal to 1.85 to 1.00, any deferred revenue offset will not result in an exclusion of an otherwise Eligible Receivable) with the Account Debtor, (iii) the Receivable must not be subject to any contingencies (including Receivables arising from sales on consignment, guaranteed sale or other terms pursuant to which payment by the Account Debtor may be conditional, except as may otherwise be acceptable to Silicon in its discretion), (iv) the Receivable must not be owing from an Account Debtor with whom the Borrower has any material dispute (whether or not relating to the particular Receivable), (v) the Receivable must not be owing from an Affiliate of Borrower, (vi) the Receivable must not be owing from an Account Debtor which is subject to any insolvency or bankruptcy proceeding, or whose financial condition is not acceptable to Silicon, or which, fails or goes out of a material portion of its business, (vii) the Receivable must not be owing from the United States or any department, agency or instrumentality thereof (unless there has been compliance, to Silicon's satisfaction, with the United States Assignment of Claims Act), (viii) the Receivable must not be owing from an Account Debtor located outside the United States (unless pre-approved by Silicon in its discretion in writing, or backed by a letter of credit satisfactory to Silicon, or FCIA insured satisfactory to Silicon) provided, however, in the event Borrower maintains a quarterly Adjusted Quick Ratio of greater than or equal to 1.85 to 1.00, up to $2,000,000 of such foreign Receivables billed and collected from the United States will not be excluded if such Receivables otherwise constitute Eligible Receivables, (ix) the Receivable must not be owing from an Account Debtor to whom Borrower is or may be liable for goods purchased from such Account Debtor or otherwise and (x) credit balance over ninety (90) days from invoice date or thirty days from due date. Receivables owing from one Account Debtor will not be deemed Eligible Receivables to the extent they exceed 25% (33% with respect to Xxxxxx Micro, Inc. in the event Borrower maintains a quarterly Adjusted Quick Ratio of greater than or equal to 1.85 to 1.00) of the total Receivables outstanding. In addition, if more than 50% of the Receivables owing from an Account Debtor are outstanding more than 90 days from their invoice date (without regard to unapplied credits) or are otherwise not eligible Receivables, then all Receivables owing from that Account Debtor will be deemed ineligible for borrowing."