Specified Loan definition

Specified Loan. (a) Each Loan that is not an Eligible Loan, (b) the portion of any Loan that is included in the Excess Concentration Amount or (c) each Loan the Assigned Value of which is less than 100%.

Specified Loan means, either (a) a commercial loan (other than a Recurring Revenue Loan or Second Lien Loan) that is senior and secured by a pledge of collateral of the obligor and has a Total Net Leverage Ratio greater than 6.0x or Effective LTV greater than 60% as of the Relevant Test Period most recently ended prior to the related Cut-Off Date, or (b) a FILO Loan.

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).

Examples of Specified Loan in a sentence

• Each Loan Party intends this Section 10.11 to constitute, and this Section 10.11 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act.

• Each Borrower intends this Section to constitute, and this Section shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act.

• Each Loan Party intends this Section 4.08 to constitute, and this Section 4.08 shall be 102 13598911v3 deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each Specified Loan Party for all purposes of the Commodity Exchange Act.

• Each Qualified ECP Guarantor intends that this Section 10.8 constitute, and this Section 10.8 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each Specified Loan Party for all purposes of Section la(18)(A)(v)(II) of the Commodity Exchange Act.

• Each Loan Party intends this Section 10.11 to constitute, and this Section 10.11 shall be deemed to constitute, a Guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act.

More Definitions of Specified Loan

Specified Loan. A Loan that is designated by the Administrative Agent as a “Specified Loan” on the related Approval Notice.

Specified Loan as defined in subsection 2.7(d).

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, subject to the satisfaction of the Escrow Conditions, a single Loan borrowed by the Company and funding solely into escrow pursuant to Section 3.01(d) of the Agreement. For the avoidance of doubt, the Specified Loan may not include any issuance of a Letter of Credit or give rise to any LC Exposure.

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

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: