Target Initial Par Amount definition

Target Initial Par Amount. U.S.$400,000,000.

Target Initial Par Amount. U.S.$350,000,000.

Target Initial Par Amount. U.S.$450,000,000.

Examples of Target Initial Par Amount in a sentence

• Additionally, all of the Secured Notes will be redeemable by the Co-Issuers or the Issuer, as applicable, on any Business Day after the Non-Call Period in whole (with respect to all Classes of Secured Notes) but not in part at the written direction of the Portfolio Manager if the Collateral Principal Amount is less than 10% of the Target Initial Par Amount.

• Additionally, all of the Secured Notes will be redeemable by the Co-Issuers or the Issuer, as applicable, on any Business Day after the Non- Call Period in whole (with respect to all Classes of Secured Notes) but not in part at the written direction of the Portfolio Manager if the Collateral Principal Amount is less than 10% of the Target Initial Par Amount.

• Prior to the Closing Date, the Issuer will enter into commitments to purchase Collateral Obligations with an aggregate principal balance of approximately 90% of the Target Initial Par Amount.

• The Investment Manager on behalf of the Issuer shall make reasonable commercial efforts in accordance with the standard of care under the Investment Management Agreement to invest, within 60 days after the Closing Date, all Principal Proceeds held by the Issuer as of the Closing Date in additional Collateral Obligations that satisfy the Ratings Criteria such that the Aggregate Principal Balance is no less than the Target Initial Par Amount.

• I/We do not have any objection/comment on any item and fully understand the requirement of SECP.

More Definitions of Target Initial Par Amount

Target Initial Par Amount. U.S.$700,000,000.

Target Initial Par Amount means (i) for purposes of the Target Initial Par Condition, $781,250,000 and (ii) for purposes of the Adjusted Break-Even Default Rate, $781,250,000.

Target Initial Par Amount. U.S.$816,000,000. “Target Initial Par Condition”: A condition satisfied as of any date of determination if the Aggregate Principal Amount of Collateral Obligations that are held by the Issuer and that the Issuer has committed to purchase (but has not yet purchased) on or prior to such date, together with the amount of any proceeds of prepayments, maturities or redemptions of Collateral Obligations purchased by the Issuer prior to such date (other than any such proceeds that have been reinvested in Collateral Obligations held by the Issuer or that the Issuer has committed to purchase (but has not yet purchased) on or prior to such date), will equal or exceed the Target Initial Par Amount; provided, that for purposes of this definition, any Collateral Obligation that becomes a Defaulted Obligation will be treated as having a Principal Balance equal to its Moody’s Collateral Value. “Tax”: Any present or future tax, levy, impost, duty, charge or assessment of any nature (including interest, penalties and additions thereto) imposed by any governmental or other taxing authority other than a stamp, registration, documentation or similar tax. “Tax Advice”: Written advice or an opinion of Dechert LLP, Cadwalader, Xxxxxxxxxx & Xxxx LLP, Xxxxxx Xxxxxx, LLP, Xxxxxxx & Xxxxxx LLP, Xxxxxxx Xxxxxxx & Xxxxxxxx LLP, Xxxxxxxx Chance US LLP, White & Case LLP, Freshfields Bruckhaus Xxxxxxxx US LLP, Ashurst LLP or Weil, Gotshal & Xxxxxx LLP, or an opinion of other nationally recognized tax counsel in the United States experienced in such matters. “Tax Event”: An event that occurs if (i) any Obligor under any Collateral Obligation or any Hedge Counterparty is required to deduct or withhold from any payment under such Collateral Obligation or its Hedge Agreement to the Issuer for or on account of any Tax for whatever reason (other than withholding tax in respect of commitment fees or other similar fees, to the extent that such withholding tax does not exceed 30% of the amount of such fees) and such Obligor or Hedge Counterparty is not required to pay to the Issuer such additional amounts as are necessary to ensure that the net amount actually received by the Issuer (free and clear of Taxes, whether assessed against such Obligor or Hedge Counterparty or the Issuer) will equal the full amount that the Issuer would have received had no such deduction or withholding occurred, (ii) any jurisdiction imposes net income, profits or similar Tax on the Issuer (including any tax imposed un...

Target Initial Par Amount. (i) Prior to the First Refinancing Date, U.S.$400,000,000 and (ii) after the First Refinancing Date, U.S.$550,000,000.

Target Initial Par Amount. U.S.$300,000,000. “Target Initial Par Condition”: A condition satisfied as of the Effective Date if the Aggregate Principal Balance of Collateral Obligations (i) that are held by the Issuer and (ii) of which the Issuer has committed to purchase on such date, together with the amount of any proceeds of prepayments, maturities or redemptions of Collateral Obligations purchased by the Issuer prior to such date, without duplication, will equal or exceed the Target Initial Par Amount; provided that for purposes of this definition, any Collateral Obligation that becomes a Defaulted Obligation prior to the Determination Date preceding the first Payment Date shall be treated as having a Principal Balance equal to its S&P Collateral Value.

Target Initial Par Amount. U.S.$400,000,000, plus such additional amount directed by the Collateral Manager subject to satisfaction of the Global Rating Agency Condition in connection with an issuance of Additional Notes.

Target Initial Par Amount. U.S.$500,000,000. "Tax": Any present or future tax, levy, impost, duty, charge or assessment of any nature (including interest, penalties and additions thereto) imposed by any governmental or other taxing authority other than a stamp, registration, documentation or similar tax.