S&P Advance Amount definition

S&P Advance Amount has the meaning set forth in the S&P Collateral Valuation Schedule.
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S&P Advance Amount means the S&P Senior Advance Amount or the S&P Total Advance Amount, as applicable. Notwithstanding the foregoing or the definition of S&P Senior Advance Amount or S&P Total Advance Amount, for purposes of determining the S&P Advance Amount,
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S&P Advance Amount means, as of any date of determination under the Over-Collateralization Test (as described in this Schedule), an amount equal to the sum of (i) the sum for all Eligible Investments (other than Warrant/Option Investments) of the product of (1) the Market Value (determined as described below) of such Eligible Investment (determined as described below) multiplied by (2) the S&P Advance Rate for the S&P Asset Category applicable to such Eligible Investment under the Over-Collateralization Test, (ii) the Secured Hedging Advance Amount as of such date, (iii) the Defensive Hedge Advance Amount as of such date, (iv) the S&P Warrant/Option Advance Amount as of such date and (v) the Net Accrual Amount as of such date. Notwithstanding the foregoing, for purposes of determining the S&P Advance Amount,
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Examples of S&P Advance Amount in a sentence

  • Whenever the Moody's Valuation Procedures and the S&P Valuation Procedures result in different Advance Amount determinations, the Issuer will be required to comply with the more restrictive of the Moody's Advance Amount and the S&P Advance Amount.


More Definitions of S&P Advance Amount

S&P Advance Amount means, as of any date of determination under the Over-Collateralization Test (as described in this Schedule), an amount equal to the sum of (i) the sum for all Eligible Investments (other than Warrant/Option Investments) of the product of (1) the Market Value (determined as described below) of such Eligible Investment (determined as described below) multiplied by (2) the S&P Advance Rate for the S&P Asset Category applicable to such Eligible Investment under the Over-Collateralization Test, (ii) the Secured Hedging Advance Amount as of such date, (iii) the Defensive Hedge Advance Amount as of such date, (iv) the S&P Warrant/Option Advance Amount as of such date and (v) the Net Accrual Amount as of such date.
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S&P Advance Amount means, as of any date of determination, an amount equal to the sum of (i) (a) the sum of the Market Values of all Eligible Issuer Investments in all applicable Asset Categories as determined pursuant to the S&P Valuation Procedures multiplied by (b) the respective Advance Rates under the S&P Valuation Procedures for such Asset Categories plus (ii) the positive (or, if negative, minus the absolute value of the) Specified Investment Advance Amount as of such date plus (iii) the Net Accrual Amount as of such date. See "Description of the Notes— Certain Covenants—Collateral Valuation Procedures".
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Related to S&P Advance Amount

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Maximum Revolving Advance Amount means $30,000,000.

  • Overadvance Amount has the meaning specified therefor in Section 2.4(f).

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Advance Reimbursement Amount has the meaning stated in Section 4.4(b) of the Servicing Supplement.

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • Interest Advance means an Advance made pursuant to Section 2.02(a).

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Specified Overcollateralization Amount means for any Distribution Date, the greater of:

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Aggregate Funded Spread As of any Measurement Date, the sum of: (a) in the case of each Floating Rate Obligation (other than a Defaulted Obligation) that bears interest at a spread over a reference rate based index that is a Benchmark-based Index or is the same as the then-current Benchmark applicable to the Floating Rate Notes (including, for any Permitted Deferrable Obligation, only the excess of the required current cash pay interest required by the Underlying Documents thereon over the applicable index and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation), (i) the stated interest rate spread paid in Cash on such Collateral Obligation above such index multiplied by (ii) the Principal Balance of such Collateral Obligation; provided that (i) with respect to any Floor Obligation, the stated interest rate spread paid in Cash on such Collateral Obligation over the applicable index shall be deemed to be equal to the sum of (x) the stated interest rate spread paid in Cash over the applicable index and (y) the excess, if any, of the specified “floor” rate relating to such Collateral Obligation over the greater of zero and the applicable index and (ii) the interest rate of each Step-Up Obligation will be deemed to be its current rate of interest and the interest rate of each Step-Down Obligation will be deemed to be the lowest rate of interest that such Collateral Obligation will by its terms pay in the future solely as a function of the passage of time; and (b) in the case of each Floating Rate Obligation (including, for any Permitted Deferrable Obligation, only the required current cash pay interest required by the Underlying Documents thereon and excluding the unfunded portion of any Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation) that bears interest at a spread over an index other than a reference rate based index that is a Benchmark-based Index or is the same as the then-current Benchmark applicable to the Floating Rate Notes, (i) the excess of (x) the sum of such spread and the greater of such index or any applicable floor paid in Cash over (y) the Benchmark applicable to the Floating Rate Notes as of the immediately preceding Interest Determination Date (which spread or excess may be expressed as a negative percentage) multiplied by (ii) the Principal Balance of each such Collateral Obligation.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.