Unlevered Portfolio definition

Unlevered Portfolio means, as of the relevant Determination Date, all Unlevered Portfolio Reference Obligations in respect of which an Addition Commitment Date has occurred in respect of one or more Addition Amounts or in respect of which a PIK Accretion Date has occurred in respect of one or more PIK Amounts and in respect of which Final Deletion Dates have not occurred in respect of Deletion Amounts the aggregate of which equal the aggregate of all such Addition Amounts and all such PIK Amounts.
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Examples of Unlevered Portfolio in a sentence

  • For purposes hereof, “UPRO Independent Amount” means, in respect of an Unlevered Portfolio Reference Obligation, the USD Equivalent of the (i) in respect of any Valuation Date occurring at any time other than the Ramp-Down Period, the Traded Book Value of such Unlevered Portfolio Reference Obligation, or (ii) in respect of any Valuation Date occurring during the Ramp-Down Period, the Book Value of such Unlevered Portfolio Reference Obligation.

  • For purposes of the Credit Support Annex, on each Valuation Date the Independent Amount applicable to Party B in respect of the Transaction evidenced hereby but only in the context of Unlevered Portfolio Reference Obligations shall mean an amount equal to the aggregate of the UPRO Independent Amounts determined in respect of each Unlevered Portfolio Reference Obligation then comprised in the Unlevered Portfolio.

  • The Traded Portfolio Book Value, including the aggregate of the USD Equivalent of the respective Traded Book Values of all Unlevered Portfolio Reference Obligations, shall not exceed the Maximum Portfolio Book Value.

  • Party B may, from time to time, by notice to Party A, request that the Unlevered Portfolio be amended by adding a specified principal amount of loans and bonds at a purchase price specified by Party B.

  • Notwithstanding the terms of the Credit Support Annex, “Delivery Amount” means, with respect to Party B on any Valuation Date but only in regard to Unlevered Portfolio Reference Obligations, the greater of (1) the amount, in USD and if positive, determined by subtracting Value of the Posted Credit Support in effect on the relevant Valuation Date from the Independent Amount applicable to Unlevered Portfolio Reference Obligations.

  • Notwithstanding the terms of the Credit Support Annex, the UPRO Independent Amount attributable to a Unlevered Portfolio Reference Obligation shall be Transferred (as defined in the Credit Support Annex) by Party B to the Custodian under the terms of the Custodian Agreement on the applicable Addition Commitment Date.