Unadjusted Benchmark Replacement Rate definition
Unadjusted Benchmark Replacement Rate means a Benchmark Replacement Rate that does not include a spread adjustment, or method for calculating or determining such spread adjustment.
Unadjusted Benchmark Replacement Rate means the Benchmark Replacement Rate excluding the Benchmark Replacement Adjustment.
Unadjusted Benchmark Replacement Rate. The Benchmark Replacement Rate excluding the Benchmark Replacement Rate Adjustment.
Examples of Unadjusted Benchmark Replacement Rate in a sentence
If an Unadjusted Benchmark Replacement Rate is SOFR Average, all interest payments will be on a monthly basis.
If an Unadjusted Benchmark Replacement Rate is Daily Simple SOFR, all interest payments will be on a monthly basis.
More Definitions of Unadjusted Benchmark Replacement Rate
Unadjusted Benchmark Replacement Rate. A Benchmark Replacement Rate that does not include a spread adjustment, or method for calculating or determining such spread adjustment. “Uncertificated Security”: The meaning specified in Section 8-102(a)(18) of the UCC. “Underlying Document”: The loan agreement, credit agreement, indenture or other customary agreement pursuant to which an Asset has been created or issued and each other agreement that governs the terms of or secures the obligations represented by such Asset or of which the holders of such Asset are the beneficiaries. “United States” or “U.S.”: The United States of America, its territories and its possessions. “Unregistered Securities”: The meaning specified in Section 5.17(c).
Unadjusted Benchmark Replacement Rate. A Benchmark Replacement Rate that does not include a spread adjustment, or method for calculating or determining such spread adjustment. “Uncertificated Security”: The meaning specified in Section 8-102(a)(18) of the UCC. “Underlying Document”: The loan agreement, credit agreement, indenture or other customary agreement pursuant to which an Asset has been created or issued and each other agreement that 74 governs the terms of or secures the obligations represented by such Asset or of which the holders of such Asset are the beneficiaries. “United States” or “U.S.”: The United States of America, its territories and its possessions. “Unregistered Securities”: The meaning specified in Section 5.17(c). “Unsecured Loan”: A senior unsecured Loan obligation of any Person which is not (and by its terms is not permitted to become) subordinate in right of payment to any other debt for borrowed money incurred by the Obligor under such Loan. “▇▇▇▇▇▇▇ Rule”: Section 619 of the ▇▇▇▇-▇▇▇▇▇ Act and the related implementing regulations, as amended from time to time. “Warehouse Agreement”: The credit agreement, dated as of July 19, 2024, by and among NCPCIF SPV IV, LLC, as borrower, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Private Capital Income Fund, as servicer, each of the lenders from time to time party thereto, The Bank of Nova Scotia, as administrative agent, U.S. Bank Trust Company, National Association, as collateral agent and collateral administrator, and U.S. Bank National Association, as custodian, as amended, modified or supplemented from time to time. “Weighted Average Coupon”: As of any Measurement Date, the number obtained by dividing: (a) the amount equal to the Aggregate Coupon; by (b) an amount equal to the Aggregate Principal Balance of all Fixed Rate Obligations as of such Measurement Date (in each case including, for any Permitted Deferrable Obligation, only the required current cash interest required by the Underlying Documents thereon). "Weighted Average Fitch Recovery Rate": As of any date of determination, the rate (expressed as a percentage) determined by summing the products obtained by multiplying the Principal Balance of each Collateral Obligation by the Fitch Recovery Rate in relation thereto and dividing the sum by the Aggregate Principal Balance of all Collateral Obligations and rounding up to the nearest 0.1 percent. For purposes of determining the Principal Balance and Aggregate Principal Balance of Collateral Obligations in this definition, the Principal Balance o...
Unadjusted Benchmark Replacement Rate. A Benchmark Replacement Rate that does not include a spread adjustment, or method for calculating or determining such spread adjustment. “Uncertificated Security”: The meaning specified in Section 8-102(a)(18) of the UCC. “Underlying Document”: The loan agreement, credit agreement, indenture or other customary agreement pursuant to which an Asset has been created or issued and each other agreement that governs the terms of or secures the obligations represented by such Asset or of which the holders of such Asset are the beneficiaries. “United States” or “U.S.”: The United States of America, its territories and its possessions. “Unregistered Securities”: The meaning specified in Section 5.17(c). “Unsecured Loan”: A senior unsecured Loan obligation of any Person which is not (and by its terms is not permitted to become) subordinate in right of payment to any other debt for borrowed money incurred by the Obligor under such Loan. “U.S. Government Securities Business Day”: Any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities as indicated on the Securities Industry and Financial Markets Association website. “U.S. person”: The meaning specified in Regulation S. “U.S. Risk Retention Rules”: Section 15G of the Exchange Act and the rules and regulations promulgated thereunder. “▇▇▇▇▇▇▇ Rule”: Section 619 of the ▇▇▇▇-▇▇▇▇▇ Act and the related implementing regulations, as amended from time to time.