ROCKALL CLO B.V. - Irish Stock Exchange

transactions with Dutch residents.
“Swap Transaction”
“Synthetic Purchase Contract”
“Synthetic Purchase Contract
Advance Amount”
“Total Capitalisation”
“Unfunded Revolver Adjustment
Amount”
"Unhedged Currency Investment"
"Unhedged Excess Amount"
"Unquoted Investments"
“US Asset”
“US Element”
“Valuation Date”
means (i) any rate, basis, currency, debt or equity swap, futures or
forward agreement, (ii) any put, call, cap, floor or collar agreement,
(iii) any option representing an obligation to buy or sell a security,
currency, debt or equity and (iv) any other similar agreement.
means each Credit Default Exposure Contract and each Single Asset
Total Return Swap pursuant to which the Issuer is entitled to receive
from the counterparty thereto, inter alia, payments in respect of the
increase in the market value of the Reference Security designated
therein.
means an amount, which may be positive or negative, equal to the
sum, for each Synthetic Purchase Contract, of (a) the product of (i)
the notional amount of such Synthetic Purchase Contract plus the
Market Value of such Synthetic Purchase Contract and (ii) the
Advance Rate for such Synthetic Purchase Contract’s Reference
Security minus (b) the notional amount of such Synthetic Purchase
Contract.
means, at any time, the sum of (a) any amounts of committed and
available Issuer Indebtedness (excluding, for the avoidance of doubt,
accrued interest thereon), (b) the aggregate undistributed net gains
and income of the Issuer less (i) any outstanding placement or
structuring fees and organisational expenses and (ii) any net loss of
the Issuer (each as determined monthly and set forth in the Issuer’s
financial records and, in the case of year-end financial records, in
accordance with the applicable Dutch accounting standards) and (c)
the issued and paid-up share capital of the Issuer.
means an amount equal to the sum, for each Loan, Participation or
delayed-draw note, of the product of (x) the Maximum Unfunded
Amount thereof, if any, (y) one minus the Advance Rate for such
Loan, Participation or delayed-draw note and (z) 100 per cent. or
such lesser percentage as S&P may notify the Issuer in writing from
time to time.
means any portion of an Issuer Investment which is not protected
against currency fluctuations as a result of borrowings or requested
borrowings under any Transaction Document that are repayable in
the currency of denomination of such Issuer Investment or Currency
Hedging Transactions, each "an associated liability" for the purposes
of the definition of "Net Value". For the purposes of calculating the
S&P Advance Amount, or the Moody's Advance Amount (as the case
may be), the Unhedged Excess Amount in respect of non-Euro Issuer
Investments denominated in a particular currency will be considered
in the calculation of the Over-Collateralisation Tests.
means the amount by which the Net Value in respect of non-Euro
Issuer Investments denominated in a particular currency exceeds
5 per cent. Of the par value of such non-Euro Issuer Investments.
means Issuer Investments other than Cash, Cash Equivalents or
Government Securities for which the Market Value has not been
obtained from an Approved Source on the preceding Valuation Date.
means any Issuer Investment in respect of which the relevant obligor
is an entity domiciled in the United States of America.
means, for each Asset Category in relation to a US Asset, the
percentage set out in the S&P Rating Agency Tables opposite such
Asset Category.
means (a) a Determination Date, (b) a Reporting Date, (c) the
Wednesday of each calendar week which does not include a
Determination Date or Reporting Date or, if such Wednesday is not a
Business Day, the immediately preceding Business Day and (d) for
the purpose of determining the Market Value Price of an Issuer
Investment at any date when the Issuer is not, or the Issuer (or the
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