Proprietary Risk Rating
means, for any Loan, the rating assigned thereto by the Borrower under the five-level numeric rating system set forth in Schedule V used by the Borrower to rate the credit profile on Loans, as described in the Investment Policy, applied consistently and in good faith. “Pro-Rata Share” means, with respect to any Lender on any day, the percentage equivalent of a fraction the numerator of which is such Lxxxxx’s Commitment and the denominator of which is the Group Advance Limit of the related Lender Group. “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. “Purchasing Lender” is defined in Section 11.1(b). “Qualified Institution” means a depository institution or trust company (i) which is organized under the laws of the United States or any one of the States thereof or the District of Columbia (or any domestic branch of a foreign bank) and (ii) whose deposits are insured by the Federal Deposit Insurance Corporation. “Rating Agencies” means S&P, Moody’s and Fitch, if and so long as they have rated and are continuing to rate commercial paper notes of any Issuer, or such other nationally recognized statistical rating organizations as may be designated by a Liquidity Provider with prior written notice to the Borrower and the Investment Adviser. “Records” means, with respect to any Loans, all documents, books, records and other information (including without limitation, computer programs, tapes, disks, punch cards, data processing software and related property and rights) maintained with respect to any item of Collateral and the related Obligors, other than the Loan Documents. “Recoveries” means, with respect to any Loan that is a Defaulted Loan, Proceeds of the sale or other liquidation of any Related Property, Proceeds of any related Insurance Policy, and any other recoveries with respect to such Loan and Related Property, and amounts representing late fees and penalties, net of Liquidation Expenses and amounts, if any, received that are required to
