Recovery Value definition

Recovery Value means, for each Defaulted Loan that has been a Defaulted Loan for less than one year, the lowest of:

Recovery Value means, for (x) each Defaulted Loan that has been a Defaulted Loan for less than one year and (y) each Collateral Loan held in the form of a Closing Date Participation after the date that is 90 days after the Closing Date, the lowest of:

Examples of Recovery Value in a sentence

Section 1.3.9 For purposes of calculating all Concentration Limitations, in the numerator of any component of the Concentration Limitations, Defaulted Loans will be treated as having a Maximum Principal Balance equal to the Recovery Value.

Recovery Value. ’ means the value, expressed as a percentage, of a claim against the obligor in respect of the relevant Collateral, as determined by the Swap Counterparty acting in good faith and in a commercially reasonable manner and by way of example but without limitation, the Swap Counterparty may in making this determination, take account of the mean of the market prices of all securities issued by the relevant obligor, disregarding any securities which have a market price which is at an artificially inflated level.

Recovery Value means either (x) the fair market value as of the time of distribution of any cash, securities or other property distributed in a bankruptcy case with respect to the Company in respect of an allowed claim in respect of principal based on the Credit Facility and an allowed interest based on the Shares plus, without duplication, the fair market value of any reinstated or substitute credit facility or other financial accommodation provided by the lender under the Credit Facility

Recovery Value means: (a) with respect to First Lien Loans, 45%; and (b) with respect to First Lien Last Out Loans, 20%.

Recovery Value means, for each Defaulted Loan that has been a Defaulted Loan for less than one year, the lowest of: the Principal Balance of such Defaulted Loan multiplied by the applicable S&P Recovery Rate for such Defaulted Loan; the Market Value of such Defaulted Loan; and the carrying value of such Defaulted Loan on the books and records of the Borrower (or its Affiliates).

Recovery Value means, with respect to all Categories of Eligible Inventory, collectively, at any time, the sum of: (i) the sum of the respective values for each Category of Eligible Inventory obtained by multiplying (a) the gross value of such Category of Eligible Inventory (at the lower of cost (determined on a FIFO basis) or market), by (b) the percentage applicable to such Category of Eligible Inventory as set forth on Exhibit B (as Exhibit B may be modified or restated after the Closing Date pursuant to Section 6.5); minus (ii) the General Ledger Variance Reserve; minus