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Take-over Bid means an Supply to Purchase Voting Shares or Convertible Securities (or each) if, assuming that the Voting Shares or Convertible Securities which can be the topic of the Supply to Purchase are acquired on the date of such Supply to Purchase by the Individual making such Supply to Purchase, the Voting Shares Beneficially Owned by the Individual making the Supply to Purchase would represent, within the combination, 20% or extra of the excellent Voting Shares;
Reference Portfolio means, the notional portfolio made up of every Reference Asset, as described on this Data Assertion below “Reference Portfolio”.
Portfolio Asset means an asset of an funding fund;
Fairness Share as of any day is the fraction, expressed as a proportion, (A) the numerator of which is the variety of Shares that Seller and any of its associates topic to aggregation with Seller for functions of the “useful possession” check below Part 13 of the Trade Act and all individuals who might kind a “group” (inside the which means of Rule 13d-5(b)(1) below the Trade Act) with Seller (collectively, “Seller Group”) “beneficially personal” (inside the which means of Part 13 of the Trade Act) with out duplication on such day and (B) the denominator of which is the variety of Shares excellent on such day. Within the case of a switch or task by Counterparty of its rights and obligations hereunder and below the Settlement, in complete or partly (any such Choices so transferred or assigned, the “Switch Choices”), to any get together, withholding of such consent by Seller shall not be thought-about unreasonable if such switch or task doesn’t meet the cheap situations that Seller might impose together with, however not restricted, to the next situations:
Portfolio Loss means the loss realized on both (i) a portfolio sale of Single Household Shared-Loss Loans in accordance with the phrases of Article IV or (ii) the sale of a loan with the consent of the Receiver as offered in Part 2.7.
Specified Asset as outlined in subsection 4.2.2 hereof.
Permitted Bid means a Take-over Bid made by a Individual via a Take-over Bid round and which additionally complies with the next extra provisions:
Securitization Asset means (a) any accounts receivable, mortgage receivables, loan receivables, royalty, franchise charge, license charge, patent or different income streams and different rights to fee or associated property and the proceeds thereof and (b) all collateral securing such receivable or asset, all contracts and contract rights, ensures or different obligations in respect of such receivable or asset, lockbox accounts and data with respect to such account or asset and another property typically transferred (or in respect of which safety pursuits are typically granted) along with accounts or property in reference to a securitization, factoring or receivable sale transaction.
Exclusion Occasion means an occasion or associated occasions ensuing within the exclusion of the Borrower or any Subsidiary from participation in any Medical Reimbursement Applications.
Specified Mortgage Celebration means any Mortgage Celebration that isn’t then an “eligible contract participant” below the Commodity Trade Act (decided previous to giving impact to Part 10.11).
Professional Rata Quantity means, for every Main Investor, that portion of the New Securities recognized in an Supply Discover which equals the proportion that the Frequent Inventory issued and held, or issuable (straight or not directly) upon conversion and/or train, as relevant, of the Most popular Inventory and another By-product Securities then held, by such Main Investor bears to the full Frequent Inventory of the Firm then excellent (assuming full conversion and/or train, as relevant, of all Most popular Inventory and different By-product Securities).
Reference Asset means an asset that’s held by OpCo, or by any of its direct or oblique subsidiaries handled as a partnership or disregarded entity for functions of the relevant Tax, on the time of an Trade. A Reference Asset additionally consists of any asset that’s “substituted foundation property” below Part 7701(a)(42) of the Code with respect to a Reference Asset.
Proposed Portfolio The portfolio of Collateral Obligations and Eligible Investments ensuing from the proposed buy, sale, maturity or different disposition of a Collateral Obligation or a proposed reinvestment in an extra Collateral Obligation, because the case could also be.
Mortgage Asset means any loan originated or acquired by the Transferor within the bizarre course of its enterprise, which loan consists of, with out limitation, (i) the Required Mortgage Paperwork and Mortgage Asset File, and (ii) all proper, title and curiosity of the Transferor in and to the loan and any Underlying Collateral, however excluding, in every case, the Retained Curiosity, any Connected Fairness and Excluded Quantities and which loan was (x) acquired from the Transferor by the Borrower previous to the Restatement Date pursuant to the Unique Buy and Sale Settlement or (y) acquired by the Borrower from the Equityholder below the Second Tier Buy and Sale Settlement and by the Equityholder from the Transferor below the First Tier Buy and Sale Settlement and owned by the Borrower on the preliminary Advance Date (as set forth on the Mortgage Asset Schedule delivered on the preliminary Advance Date) or acquired by the Borrower after the preliminary Advance Date pursuant to the supply of the Mortgage Assignments and listed on Schedule I to such Mortgage Assignments, which Schedule I is within the possession of Ares Capital Funding LLC and consists of particular accounts, devices or basic intangibles.
Repurchase Request Rejection As outlined in Part 2.03(d) of this Settlement.
Reference Property shall have the which means laid out in Part 14.07(a).
Underlying Asset means the monetary instrument (e.g., inventory, futures, commodity, forex, index) on which a by-product’s value is predicated.
Restoration Occasion any settlement of or fee in respect of any property or casualty insurance coverage declare or any condemnation continuing regarding any asset of any Group Member.
Involuntary Disposition means any lack of, harm to or destruction of, or any condemnation or different taking for public use of, any property of any Mortgage Celebration or any Subsidiary.
Cram Down Loss means, with respect to any Receivable (aside from a Defaulted Receivable) as to which any courtroom in any chapter, insolvency or different related continuing points an order lowering the principal quantity to be paid on such Receivable or in any other case modifies any fee phrases with respect thereto, an quantity equal to the larger of (i) the quantity of the principal discount ordered by such courtroom and (ii) the distinction between the Principal Steadiness of such Receivable on the time of such courtroom order and the web current worth (utilizing a reduction fee which is the upper of the Contract Price of such Receivable or the speed of curiosity specified by such courtroom order) of the remaining scheduled funds to be paid on such Receivable as modified or restructured. A “Cram Down Loss” shall be deemed to have occurred on the date of issuance of such courtroom’s order.
Professional Rata and Pari Passu Foundation means with respect to the Notes and the Word Holders, the allocation of any specific fee, assortment, price, expense, legal responsibility or different quantity between such Notes or such Word Holders, because the case could also be, with none precedence of any such Word or any such Word Holder over one other such Word or Word Holder, because the case could also be, and in any occasion such that every Word or Word Holder, because the case could also be, is allotted its respective Share Curiosity of such specific fee, assortment, price, expense, legal responsibility or different quantity.
Pari Passu Main Servicing Price Price With respect to any Pari Passu Mortgage Mortgage or Serviced Pari Passu Companion Mortgage, a fee equal to 0.01% every year (1 foundation level).
Matured Car as of any date means any Leased Car the associated Lease of which has reached its Maturity Date or has been terminated in reference to a Lessee Initiated Early Termination (and the Lessee isn’t in default below such Lease) or in reference to a Casualty Termination, which Leased Car has been returned to the Servicer on behalf of the Titling Belief, if relevant.
Permitted Bid Acquisition means an acquisition of Voting Shares made pursuant to a Permitted Bid or a Competing Permitted Bid;
Professional Rata Acquisition means an acquisition by a Individual of Voting Shares pursuant to:
Pari Passu Mortgage Nonrecoverable Advance means any “Nonrecoverable Servicing Advance” (as outlined within the associated Non-Serviced Mortgage Mortgage Pooling and Servicing Settlement) made with respect to any Non-Serviced Mortgage Mortgage pursuant to and in accordance with the associated Non-Serviced Mortgage Mortgage Pooling and Servicing Settlement; offered that if the relevant Non-Serviced Mortgage Mortgage Grasp Servicer shall have made a “Servicing Advance” (as outlined within the associated Non-Serviced Mortgage Mortgage Pooling and Servicing Settlement) within the nature of an expenditure benefiting the associated Mortgaged Property usually, the portion thereof attributable to any Non-Serviced Mortgage Mortgage shall be decided based mostly on the excellent balances of such Non-Serviced Mortgage Mortgage and all of the associated pari passu loans secured by such Non-Serviced Mortgage Mortgage Mortgage on a pari passu foundation on the date such advance was made.