Weighted Average Debt to TTM Recurring Revenue Ratio definition

Weighted Average Debt to TTM Recurring Revenue Ratio means, as of any date of determination with respect to all Eligible Loans that are Recurring Revenue Loans, the ratio obtained by summing the products obtained by multiplying: The ratio of the Dollar Equivalent of the principal balance of such Recurring Revenue Loan to the TTM Recurring Revenue of the related Obligor X The portion of the Aggregate Collateral Balance of all Eligible Loans that are Recurring Revenue Loans attributable to such Eligible Loan and dividing such sum by the Aggregate Collateral Balance of all Eligible Loans that are Recurring Revenue Loans as of such date of determination.
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Weighted Average Debt to TTM Recurring Revenue Ratio means, as of any date of determination with respect to all Eligible Loans that are Recurring Revenue Loans, the ratio obtained by summing the products obtained by multiplying: The ratio of the Dollar Equivalent of the principal balance of such Recurring Revenue Loan to the TTM Recurring Revenue of the related Obligor X The portion of the Aggregate Collateral Balance of all Eligible Loans that are Recurring Revenue Loans attributable to such Eligible Loan and dividing such sum by the Aggregate Collateral Balance of all Eligible Loans that are Recurring Revenue Loans as of such date of determination. “Weighted Average Debt to TTM Recurring Revenue Test” means a test that is satisfied at any such time if the Weighted Average Debt to TTM Recurring Revenue Ratio as calculated on the date of determination is less than or equal to 2.
Sample 1

Related to Weighted Average Debt to TTM Recurring Revenue Ratio

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Loan (excluding Defaulted Loans) on an annualized basis, the Spread of such Loans (including commitment, letter of credit and all other fees), by the Outstanding Loan Balance of such Loans as of such date and dividing such sum by the aggregate Outstanding Loan Balance of all such Floating Rate Loans and rounding the result up to the nearest 0.01%; provided that the Spread of any Revolver Loan which is not fully funded shall be the sum of:

  • Weighted Average Spread means, with respect to Floating Rate Obligations (in each case excluding Defaulted Loans), as of any date, the number obtained by:

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest Closing Bid Price and the lowest closing ask price of any of the market makers for such security as reported in the OTC Link or “pink sheets” by OTC Markets Group Inc. (formerly Pink OTC Markets Inc.). If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 11 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Weighted Average Coupon means, with respect to Fixed Rate Obligations (excluding Defaulted Loans), as of any date, the number obtained by:

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each day in such period (as calculated by Agent as of the end of each respective day) divided by the number of days in such period.