Weighted Average Loan to Enterprise Value Ratio definition

Weighted Average Loan to Enterprise Value Ratio means, as of any date of determination with respect to all Eligible Loans other than Recurring Revenue Loans, Real Estate Loans and Specialty Finance Loans, the ratio (expressed as a percentage) obtained by summing the products obtained by multiplying: The total amount of all Eligible Loans and any other debt senior to or pari passu with such Eligible Loan to the total enterprise value ratio at such time of the obligor of each such Eligible Loan X The portion of the Aggregate Collateral Balance attributable to such Eligible Loan and dividing such sum by the Aggregate Collateral Balance of all Eligible Loans other than Recurring Revenue Loans, Real Estate Loans and Specialty Finance Loans as of such date of determination.
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Weighted Average Loan to Enterprise Value Ratio means, as of any date of determination with respect to all Eligible Loans, the ratio (expressed as a percentage) obtained by summing the products obtained by multiplying:
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Weighted Average Loan to Enterprise Value Ratio means, with respect to the Eligible Loans owned by the Borrower as of any date of determination, the number (rounded to the nearest one-tenth (1/10th) of one percent (1%)) equal to (a) the sum of the products for each such Eligible Loan of (i) the Enterprise Value of such Eligible Loan multiplied by (ii) the Loan Balance of such Eligible Loan divided by (b) Aggregate Loan Balance at such time.
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More Definitions of Weighted Average Loan to Enterprise Value Ratio

Weighted Average Loan to Enterprise Value Ratio means, as of any date of determination with respect to all Eligible Loans, the ratio (expressed as a percentage) obtained by summing the products obtained by multiplying: The ratio of the total amount of all Eligible Loans and any other debt senior to or pari passu with such Eligible Loan to total enterprise value ratio at such time of the Obligor of each such Eligible Loan X The portion of the Aggregate Collateral Balance attributable to such Eligible Loan and dividing such sum by: The Aggregate Collateral Balance as of such date of determination.
Sample 1
Weighted Average Loan to Enterprise Value Ratio means, as of any date of determination with respect to all Eligible Loans other than Recurring Revenue Loans, Real Estate Loans and Specialty Finance Loans, the ratio (expressed as a percentage) obtained by summing the products obtained by multiplying: The total amount of all Eligible Loans and any other debt senior to or pari passu with such Eligible Loan to the total enterprise value ratio at such time of the obligor of each such Eligible Loan X The portion of the Aggregate Collateral Balance attributable to such Eligible Loan and dividing such sum by the Aggregate Collateral Balance of all Eligible Loans other than Recurring Revenue Loans, Real Estate Loans and Specialty Finance Loans as of such date of determination. “Weighted Average Loan to Enterprise Value Test” means a test that is satisfied at any such time if the Weighted Average Loan to Enterprise Value as calculated on the date of determination is less than or equal to 65.00%; provided, however, that for purposes of determining the foregoing, with respect to each Eligible Loan, the Weighted Average Loan to Enterprise Value shall be calculated in accordance with the corresponding amount or ratio in the underlying Related Documents for such Eligible Loan. “Weighted Average Recurring Revenue Loan to Enterprise Value Ratio” means, as of any date of determination with respect to all Eligible Loans that are Recurring Revenue Loans, the ratio (expressed as a percentage) obtained by summing the products obtained by multiplying: The total amount of all Eligible Loans that are Recurring Revenue Loans and any other debt senior to or pari passu with such Eligible Loan to total enterprise value ratio at such time of the Borrower of each such Eligible Loan 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.
Sample 1

Related to Weighted Average Loan to Enterprise Value Ratio

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

  • Loan-to-Value Ratio With respect to any Mortgage Loan and as to any date of determination, the fraction (expressed as a percentage) the numerator of which is the principal balance of the related Mortgage Loan at such date of determination and the denominator of which is the Appraised Value of the related Mortgaged Property.

  • 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 Life Test means a test that is satisfied at any such time if the Weighted Average Life as calculated on the date of determination is less than or equal to 5.5 years.

  • Weighted Average Life to Maturity means, when applied to any Indebtedness at any date, the number of years obtained by dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then outstanding principal amount of such Indebtedness.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 6.00%.