Collateral Manager Termination Event Sample Clauses
A Collateral Manager Termination Event clause defines the circumstances under which the collateral manager of a financial structure, such as a collateralized loan obligation (CLO), can be removed or replaced. This clause typically outlines specific triggers for termination, such as breaches of contract, insolvency, or failure to meet performance standards. By clearly specifying these events, the clause ensures that investors and other stakeholders have a mechanism to protect their interests if the collateral manager fails to perform adequately or acts improperly.
Collateral Manager Termination Event. As used herein, a “
Collateral Manager Termination Event. As used herein, a “Collateral Manager Termination Event” means any one of the following:
Collateral Manager Termination Event. No event has occurred and is continuing which constitutes a Collateral Manager Termination Event.
Collateral Manager Termination Event. A Collateral Manager Termination Event shall have occurred and be continuing;
Collateral Manager Termination Event. A Collateral Manager Termination Event shall have occurred and be continuing past any applicable notice or cure period provided in the definition thereof;