Examples of Specified Loan in a sentence

Each Qualified ECP Guarantor intends that this Section 4.8 constitute, and this Section 4.8 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each Specified Loan Party for all purposes of section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

More Definitions of Specified Loan

Specified Loan as defined in subsection 2.7(d).

Specified Loan means a Loan that is originated (1) to an individual who is, at the time of origination of the Loan, a Colorado resident, (2) through a Program, and (3) with an APR, as determined under the Truth in Lending Act, 15 U.S.C. §§ 1601-1667f, and its implementing Regulation Z, 12 C.F.R. § 1026.22, at the time of origination that exceeds the maximum finance charge permitted under the UCCC for a supervised loan, C.R.S. § 5-2-201(2).

Specified Loan means, a First Lien Loan, a First Out Loan or FILO Loan that (i) for any Collateral Obligation in any S&P Industry Classification (other than a Specified Industry Loan), has a Senior Net Leverage Ratio greater than 6.5x or an Effective LTV greater than 62.5%, in each case, as of the Relevant Test Period most recently ended prior to the related Cut-Off Date, and (b) for any Collateral Obligation that is a Specified Industry Loan, has a Senior Net Leverage Ratio greater than 7.5x or an Effective LTV greater than 62.5%, in each case, as of the Relevant Test Period most recently ended prior to the related Cut-Off Date.

Specified Loan means a Broadly Syndicated Loan Asset or any Eligible Loan Asset that is a First Lien Loan Asset included in the Collateral Portfolio that has the following Senior Net Leverage Ratio, Total Net Leverage Ratio and EBITDA set forth below (during the Relevant Test Period) as of the applicable Cut-Off Date, provided that, in no event shall a Large Middle Market Loan Asset that does not contain a Maintenance Covenant be considered a Specified Loan: Type of Eligible Loan Senior Net Leverage Ratio equal to or less than Total Net Leverage Ratio equal to or less than EBITDA equal to or greater than Grid I Loan 4.50x 6.00x $75,000,000 Grid II Loan 4.50x 6.00x $30,000,000 Grid III Loan 6.25x 6.25x $50,000,000

Specified Loan means any Eligible Loan (other than an Approved Loan), which as of the applicable Cut-Off Date, is a First Lien Loan belonging to the applicable Group based on the corresponding percentages applicable to such type of Loan and the related Obligor (such type and Group to be determined as of the relevant Cut-Off Date), including with respect to the Obligor thereunder, in each case, as set forth in the table below: Type of Loan Senior Net Leverage Ratio (SNLR) Effective LTV Advance Rate (Tier 1 Obligors) Advance Rate (Tier 2 Obligors) Group 1 (A) <=6.50x LTV <=40.0% 65.0% 62.5% Group 1 (B) 6.50x<SNLR<=7.50x LTV <=40.0% 62.5% 60.0% Group 2 (A) <=5.50x 40.0%< LTV <=55.0% 62.5% 60.0% Group 2 (B) 5.50x<SNLR<=6.50x 40.0%< LTV <=55.0% 60.0% 57.5% Group 3 (A) <=4.75x 55.0%< LTV <=65.0% 57.5% 55.0% Group 3 (B) 4.75x<SNLR<=5.50x 55.0%< LTV <=65.0% 55.0% 52.5% provided that, notwithstanding anything herein to the contrary, the below Eligible Loans will not constitute Specified Loans (as of the applicable Cut-Off Date):

Specified Loan means with respect to any Loan Schedule, the Loan made in respect of such Loan Schedule.