# EDGAR Filing Document

**Accession Number:** 0001556257
**File Stem:** 0000922423-25-000045
**Filing Date:** 2025-10
**Character Count:** 23155
**Document Hash:** fe673e18a15b598209e252b12c493b00
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000922423-25-000045.hdr.sgml**: 20251024

**ACCESSION NUMBER**: 0000922423-25-000045

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 5

**CONFORMED PERIOD OF REPORT**: 20251024

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20251024

**DATE AS OF CHANGE**: 20251024

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OXFORD FINANCE LLC
- **CENTRAL INDEX KEY:** 0001556257

**ORGANIZATION NAME:**
- **EIN:** 571199143
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-01217
- **FILM NUMBER:** 251416445

**BUSINESS ADDRESS:**
- **STREET 1:** 115 SOUTH UNION STREET
- **STREET 2:** SUITE 300
- **CITY:** ALEXANDRIA
- **STATE:** VA
- **ZIP:** 22314
- **BUSINESS PHONE:** 703-519-4900

**MAIL ADDRESS:**
- **STREET 1:** 115 SOUTH UNION STREET
- **STREET 2:** SUITE 300
- **CITY:** ALEXANDRIA
- **STATE:** VA
- **ZIP:** 22314
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OXFORD FINANCE LLC
- **CENTRAL INDEX KEY:** 0001556257

**ORGANIZATION NAME:**
- **EIN:** 571199143
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 115 SOUTH UNION STREET
- **STREET 2:** SUITE 300
- **CITY:** ALEXANDRIA
- **STATE:** VA
- **ZIP:** 22314
- **BUSINESS PHONE:** 703-519-4900

**MAIL ADDRESS:**
- **STREET 1:** 115 SOUTH UNION STREET
- **STREET 2:** SUITE 300
- **CITY:** ALEXANDRIA
- **STATE:** VA
- **ZIP:** 22314
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OXFORD FINANCE LLC
- **CENTRAL INDEX KEY:** 0001556257

**ORGANIZATION NAME:**
- **EIN:** 571199143
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 115 SOUTH UNION STREET
- **STREET 2:** SUITE 300
- **CITY:** ALEXANDRIA
- **STATE:** VA
- **ZIP:** 22314
- **BUSINESS PHONE:** 703-519-4900

**MAIL ADDRESS:**
- **STREET 1:** 115 SOUTH UNION STREET
- **STREET 2:** SUITE 300
- **CITY:** ALEXANDRIA
- **STATE:** VA
- **ZIP:** 22314

------

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

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### FORM ABS-15G <br>

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#### ASSET-BACKED SECURITIZER

#### REPORT PURSUANT TO SECTION 15G OF

#### THE SECURITIES EXCHANGE ACT OF 1934

#### Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

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| | |
|:---|:---|
| ☐ | **Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> to <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**  |
|  | **Date of Report (Date of earliest event reported)**  |
|  | **Commission File Number of securitizer: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** |
|  | **Central Index Key Number of securitizer:** |

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#### Name and telephone number, including area code, of the person

#### to contact in connection with this filing

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Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

☒ **Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)** 

#### Central Index Key Number of depositor: 0001556257

## Oxford Finance Funding Trust 2025-1
**(Exact name of issuing entity as specified in its charter)** <br>

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#### Central Index Key Number of issuing entity (if applicable): Not applicable.

#### Central Index Key Number of underwriter (if applicable): Not applicable.

#### Timothy A. Lex, (703) 519-4910

#### Name and telephone number, including area code, of the person

#### to contact in connection with this filing

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#### INFORMATION TO BE INCLUDED IN THE REPORT

#### FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS

#### Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer
Attached as Exhibit 99.1 hereto is an agreed-upon procedures report dated October 15, 2025 obtained by Oxford Finance LLC which report sets forth the findings and conclusions, as applicable, of KPMG LLP with respect to certain agreed-upon procedures performed by KPMG LLP.

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entities have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

Oxford Finance LLC

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| |
|:---|
| /s/ Joshua Friedman |
| Joshua Friedman |
| Chief Financial Officer <br>|
| Date: October 24, 2025 |

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#### EXHIBIT INDEX

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| | |
|:---|:---|
| Exhibit<br> Number | Description |
| Exhibit 99.1 | Independent Accountants' Report on Applying Agreed-Upon Procedures, dated October 15, 2025. |

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## Exhibit 99.1

#### Independent Accountants' Agreed-Upon Procedures Report
Oxford Finance LLC (the "Company")<br> Barclays Capital Inc. ("Barclays")<br> KeyBanc Capital Markets Inc.<br> MUFG Securities Americas Inc.<br> Wells Fargo Securities, LLC<br> CIBC World Markets Corp.<br> Huntington Securities, Inc.<br> Wedbush Securities Inc.<br> ING Financial Markets LLC<br> Regions Securities LLC<br> (together, the "Specified Parties")

Re: Oxford Finance Funding Trust 2025-1– Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled "OFF 2025-1 Initial Pool Datatape vD3 VALUE.xlsx" provided by the Company on October 3, 2025, containing information on 68 promissory notes as of September 22, 2025 (the "Data File"), which we were informed are intended to be included as collateral in the offering by Oxford Finance Funding Trust 2025-1. The Company is responsible for the specified attributes identified by the Company in the Data File.

The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet their intended purpose of assisting specified parties in evaluating the accuracy of the specified attributes in the Data File. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.

The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.

Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:

&nbsp;&nbsp;&nbsp;&nbsp;• The term "compared" means compared to the information shown and found it to be in agreement, unless otherwise stated. Such compared information was deemed to be in agreement if differences were within the
 reporting threshold.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "recomputed" means recalculated and compared the result to the information shown and found it to be in agreement, unless otherwise stated. Such recomputed information was deemed to be in agreement if
 differences were within the reporting threshold.

![](image02.jpg)

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![](image03.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;• The term "reporting threshold" means that dollar amounts, number of months, and percentages were within $1.00, 1 month, and 0.1%, respectively. The term "Loan Files" means the following information
 sources provided by the Company: Unfunded Commitments Report, Customer Billing Report, Public Company Value Report, Portfolio Information Report, Oxford Revolvers Report, and Index Rates Report.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Loan Cash Streams File" means an electronic data file entitled "OFF 2025-1 Loan Cash Streams File vD3 VALUE.xlsx" provided by the Company on October 1, 2025, containing beginning balance,
 ending balance, interest rate, and cash flow information with respect to the promissory notes, as of September 22, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Source Documents" means the Loan Files and Loan Cash Streams File.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Instructions" means the instructions provided by the Company pertaining to a procedure, attribute, or methodology, as described in the "Source Document / Instructions" column of Exhibit A.

&nbsp;&nbsp;&nbsp;&nbsp;• The term "Provided Information" means the Source Documents and Instructions.

The procedures we were instructed by the Company to perform and the associated findings are as follows:

For each promissory note in the Data File, we compared or recomputed the specified attributes listed in Exhibit A to or using the corresponding information included in the Source Documents listed in the corresponding row of the "Source Document / Instructions" column of Exhibit A, utilizing the Instructions, as applicable. The Specified Parties indicated that the absence of any of the information in the Source Documents or the inability to agree the indicated information from the Data File to the Source Documents for each of the attributes identified, utilizing the Instructions as applicable, constituted an exception.

We found such information to be in agreement without exception.

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. We were not engaged to, and did not, conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data File. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

The procedures performed were applied based on the information included in the Data File and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company, (ii) the physical existence of the promissory notes, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the promissory notes to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing any such promissory notes being securitized, (iii) the compliance of the originator of the promissory notes with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the promissory notes that would be material to the likelihood that the issuer of the asset-backed securities will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations ("NRSROs").

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![](image03.jpg)

he terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.

This report is intended solely for the information and use of the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors or the NRSROs, who are not identified in the report as the Specified Parties but may have access to this report as required by law or regulation.

/s/ KPMG LLP

Irvine, California<br> October 15, 2025

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#### Exhibit A

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| | |
|:---|:---|
| **Attribute** | **Source Document / Instructions** |
| Accounting System Number | Loan Cash Streams File<br> Utilize the Accounting System Number as a unique identifier to look up promissory note information in the Source Document. |
| Loan Label | Portfolio Information Report |
| Funding Name | Portfolio Information Report |
| Bid/Line Name | Portfolio Information Report |
| Account Name | Portfolio Information Report |
| Simple Balance (PF Actual Cutoff) | Loan Cash Streams File |
| Simple Balance | Portfolio Information Report |
| TL - Gross Amount Funded | "Managed Gross Amount Funded" in Portfolio Information Report |
| Total Oxford TL Managed Simple Balance | "Total Oxford TL Simple Balance - Managed" in Portfolio Information Report |
| Oxford Managed Line Amount | Portfolio Information Report |
| TL - Total Line Amount | "Total Line Amount" in Portfolio Information Report |
| Agent | Portfolio Information Report |
| Oxford Managed Commitment % | Oxford Managed Line Amount divided by TL - Total Line Amount |
| Loan Type | Portfolio Information Report |
| OM Loan Type | "Loan Collateral Type - ABS 2025" in Portfolio Information Report |
| Recurring Revenue Loan | Portfolio Information Report |
| Loan Collateral Type - Life Science | Portfolio Information Report |
| Actual Funding Date | Portfolio Information Report |
| Current first principal due date | Portfolio Information Report |
| Contractual Maturity Date | Portfolio Information Report |
| Initial Funding Term | "Funding Term" in Portfolio Information Report |
| Seasoning | Use Excel formula YEARFRAC(Statistical Cutoff, Actual Funding Date) multiplied by 12; rounded to a whole number |
| Remaining Term | Use Excel formula YEARFRAC(Statistical Cutoff, Contractual Maturity Date) multiplied by 12; rounded to a whole number |
| Initial I/O Period (LSA) | Portfolio Information Report |

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| | |
|:---|:---|
| **Attribute** | **Source Document / Instructions** |
| Initial I/O Period (Amended) | Portfolio Information Report |
| Initial I/O over 48 months: | If Initial I/O Period (LSA) or Initial I/O Period (Amended) is >48 then "Yes"; otherwise, "No" |
| Floating or Fixed Rate | Portfolio Information Report |
| Fixed Rate | "Fixed Rate (%)" in Portfolio Information Report |
| Base/Index Rate | Portfolio Information Report |
| Base/Index Rate Floor | Portfolio Information Report |
| Base/Index Rate Cap | Portfolio Information Report |
| Index Rate Spread Adjustment | Portfolio Information Report |
| Margin | Portfolio Information Report |
| Cash Pay Margin | If PIK Loan is Yes, "Min Cash Paying % (Spread)" in Portfolio Information Report; otherwise, blank |
| PIK Loan | Portfolio Information Report |
| Interest Calc Method | Portfolio Information Report |
| Payment Frequency - Interest | Portfolio Information Report |
| End of Term Fee | Portfolio Information Report |
| Simple Cash Rate (%) | If the Floating or Fixed Rate is "Fixed," then Simple Cash Rate (%) is a Fixed Rate, otherwise,<br> Recompute as: Margin + Min(Max(Base/Index Rate from the Index Rates Report + Index Rate Spread Adjustment, Base/Index Rate Floor),Base/Index Rate Cap) |
| Cash Rate (%) ABS | Simple Cash Rate (%) + (End of Term Fee / YEARFRAC (Contractual Maturity Date, Actual Funding Date)) |
| Amort Style | Loan Cash Streams File |
| Excess Cash Flow Sweep? | "Excess Cash Flow Sweep?" in Portfolio Information Report |
| Balloon / Bullet at Maturity | Loan Cash Streams File |
| Industry | Portfolio Information Report |
| Industry Group | "Industry Group - ABS" in Portfolio Information Report |
| SubSector | Portfolio Information Report |
| Region | Portfolio Information Report |
| Leveraged Lending - TTM EBITDA | If OM Loan Type is "Senior Secured Leveraged Lending," look up "EBITDA UW - TTM EBITDA" in Portfolio Information Report; otherwise, blank |
| Leveraged Lending - Senior Leverage Ratio | If OM Loan Type is "Senior Secured Leveraged Lending," look up "EBITDA UW - Senior Leverage Ratio" in Portfolio Information Report; otherwise, blank |

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| | |
|:---|:---|
| **Attribute** | **Source Document / Instructions** |
| Leveraged Lending - Most Recent Month-End | If OM Loan Type is "Senior Secured Leveraged Lending," look up "EBITDA UW - Most Recent Month-End" in Portfolio Information Report; otherwise, blank |
| ARR | If Recurring Revenue Loan is "Recurring Revenue Loan," look up "Annual Recurring Revenue (per LSA)" in Portfolio Information Report; otherwise, blank |
| Debt-to-ARR | If Recurring Revenue Loan is "Recurring Revenue Loan," look up "Debt-to-ARR" in Portfolio Information; otherwise, blank |
| Recurring Revenue - Most Recent Month-End | If Recurring Revenue Loan is "Recurring Revenue Loan," look up "Recurring Revenue - Most Recent Month-End" in Portfolio Information Report; otherwise, blank |
| Current Credit Score | Portfolio Information Report |
| Current Credit Score (Date) | Portfolio Information Report |
| Current Stage | Portfolio Information Report |
| Valuation Source – OM | If Current Stage is "Public" then "Market Cap."<br> If OM Loan Type is "Senior Secured Real Estate" then "Appraisal."<br> For all others look up "Source of Valuation" in Portfolio Information Report |
| Latest Valuation – OM | If Current Stage is "Public" then utilize Account Name to look up Market Cap on Public Company Value Report.<br> For all others:<br> Look up "Valuation - ABS" in Portfolio Information Report<br> \*If OM Loan Type is Senior Secured Real Estate, round valuations to the nearest $10,000. For all others, round valuations to the nearest $100,000. |
| Total Senior Debt | If OM Loan Type is "Senior Secured Leveraged Lending" or Recurring Revenue Loan is "Recurring Revenue Loan," look up "Total Senior Debt" in Portfolio Information Report; otherwise, blank |
| Total Available Senior Debt | If OM Loan Type is "Senior Secured Leveraged Lending" or Recurring Revenue Loan is "Recurring Revenue Loan" then sum of the following<br>&nbsp;&nbsp;&nbsp;&nbsp;i. Minimum of [Maximum of Total Senior Debt and Total Oxford TL Managed Simple Balance] and [TL - Total Line Amount + Total Revolver Commitment (Oxford Participates)]<br> &nbsp;&nbsp;&nbsp;&nbsp;ii. Third Party Revolver Commitment<br> &nbsp;&nbsp;&nbsp;&nbsp;iii. Oxford Unfunded Obligations - Available RLOC Line<br> &nbsp;&nbsp;&nbsp;&nbsp;iv. Oxford Unfunded Obligations - Available Unfunded Term Loans / Oxford Managed Commitment %<br> If OM Loan Type is "Senior Secured Enterprise Lending" then sum the following: |

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| | |
|:---|:---|
| **Attribute** | **Source Document / Instructions** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;i. 1 Total Oxford TL Managed Simple Balance / Oxford Managed Commitment %;<br> &nbsp;&nbsp;&nbsp;&nbsp;ii. Third party Revolver Commitment;<br> &nbsp;&nbsp;&nbsp;&nbsp;iii. Total Revolver Commitment (Oxford Participates);<br> &nbsp;&nbsp;&nbsp;&nbsp;iv. Oxford Unfunded Obligations - Available Unfunded Term Loans / Oxford Managed Commitment %.<br> If OM Loan Type is "Senior Secured Real Estate" then sum the following:<br>&nbsp;&nbsp;&nbsp;&nbsp;i. Total Oxford TL Managed Simple Balance / Oxford Managed Commitment %; and<br> &nbsp;&nbsp;&nbsp;&nbsp;ii. Oxford Unfunded Obligations - Available Unfunded Term Loans / Oxford Managed Commitment % |
| LTV | Total Available Senior Debt divided by Latest Valuation - OM |
| Current Covenant Default | Portfolio Information Report |
| Date of Covenant Default | Portfolio Information Report |
| Specific Reserve? | Portfolio Information Report |
| Payment Default | Portfolio Information Report |
| History of Major Modification due to Financial Distress? | Portfolio Information Report |
| Billing Type | "Payment Method" in Customer Billing Report |
| Billing Responsibility | If Billing Type is ACH, Wire, Add to RLOC or Qtr Wire, then "Oxford"; otherwise look up value in Agent |
| Third Party Revolver? | Portfolio Information Report |
| Third Party Revolver Commitment | If Third Party Revolver is "yes" utilize Account Name to look up RLOC – Total Line Amount in Oxford Revolvers Report; otherwise, blank |
| Related Oxford Revolver | If Account Name in Portfolio Information Report has a corresponding Loan Type of "Revolver" then Related Oxford Revolver is "yes"; otherwise, "no" |
| Total Revolver Commitment (Oxford Participates) | If Related Oxford Revolver is "yes" utilize Account Name to look up "RLOC - Total Line Amount" in Oxford Revolvers Report, otherwise, blank |
| Related Oxford Term Loan | If the sum of Simple Balance for a given Account Name is less than Total Oxford TL Managed Simple Balance, then "Yes"; otherwise "No" |
| Related Co-Lender Term Loan | If Oxford Managed Line Amount is less than TL - Total Line Amount, then "Yes"; otherwise "No" |

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| | |
|:---|:---|
| **Attribute** | **Source Document / Instructions** |
| Related Loan Outstanding | If Third Party Revolver, Related Oxford Revolver, Related Oxford Term Loan or Related Co-Lender Term Loan is "Yes" then "Yes"; otherwise, "No" |
| Oxford Unfunded Obligations – RLOC Line Amount | If Related Oxford Revolver is "Yes" utilize Account Name to look up and calculate the following from the Oxford Revolvers Report: |
| RLOC – Availability plus RLOC - Commitment Outside of BB. |  |
| Otherwise, zero |  |
| Oxford Unfunded Obligations – Available RLOC Line | If Related Oxford Revolver is "Yes" utilize Account Name to look up and calculate the following from the Oxford Revolvers Report: |
| RLOC - OFC Line Amount minus RLOC - Balance minus RLOC - Commitment Outside of BB |  |
| Otherwise, zero |  |
| Oxford Unfunded Obligations – Unfunded Term Loans | "TL – Availability" in Portfolio Information Report |
| Oxford Unfunded Obligations – Available Unfunded Term Loans | Utilize Bid/Line Name to look up "Total Current Undrawn Available Commitment" in Unfunded Commitments Report |

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