Additional Portfolio Collateral definition

Additional Portfolio Collateral means a Secured Senior Loan, a Second Lien Loan or Structured Finance Security purchased by or on behalf of the Issuer during or after the Reinvestment Period pursuant to the Collateral Management Agreement.
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Additional Portfolio Collateral means any Portfolio Collateral purchased after the Effective Date with amounts representing Principal Proceeds (other than Sale Proceeds) and amounts available under the Revolving Credit Facility Agreement, in accordance with the terms of the Collateral Management Agreement.
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Additional Portfolio Collateral means all Additional Portfolio Assets purchased by the Issuer (or on its behalf) from time to time.
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Examples of Additional Portfolio Collateral in a sentence

  • The average life of each Class of Notes is expected to be shorter than the number of years until the Final Maturity Date, and the average lives may vary due to various factors affecting the early retirement of the Portfolio Collateral and the ability of the Collateral Manager to invest collections in Additional Portfolio Collateral or reinvest disposition proceeds in Substitute Portfolio Collateral.

  • If the Issuer is unable to reinvest more than U.S. $2,000,000 of collections of principal in Additional Portfolio Collateral selected by the Collateral Manager meeting the criteria described herein for at least ninety days after receipt, the Collateral Manager may direct the Trustee to apply such amounts to pay principal of the Notes in a Special Redemption.

  • On the first Payment Date following the Due Period in which any such notice is given (a "Special Redemption Date"), funds on deposit in the Principal Collection Account representing Euro Principal Proceeds which cannot be reinvested in Additional Portfolio Collateral (the "Special Redemption Amount") will be applied in accordance with Condition 3(c)(iii)(O).

  • If the Issuer is unable to reinvest more than U.S.$2,000,000 of collections of principal in Additional Portfolio Collateral selected by the Collateral Manager meeting the criteria described herein for ninety days after receipt, the Collateral Manager may direct the Trustee to apply such amounts to pay principal of the Notes in a Special Redemption.

  • If the Issuer is unable to reinvest more than U.S.$2,000,000 of collections of principal in Additional Portfolio Collateral selected by the Collateral Manager meeting the criteria described herein by the last day of the next succeeding Due Period, the Collateral Manager may direct the Trustee to apply such amounts to pay principal of the Notes (other than the Class X Notes) in a Special Redemption.

  • These net proceeds will be used by the Issuer (i) to purchase Additional Portfolio Collateral pursuant to the Further Portfolio Sale Agreement; and (ii) to pay €5,592,322.90 into the Interest Collection Account for application as Interest Proceeds on the first Payment Date.

  • In addition, (i) after giving effect to the proposed purchase of any Substitute Portfolio Collateral or Additional Portfolio Collateral, no more than 15% of the Aggregate Par Amount may be Participations, Synthetic Securities, Underlying Securities or obligations of non-U.S. entities which are not a Group A Country (in the aggregate) and(ii) no more than 15% of the Aggregate Par Amount may be subject to Securities Lending Agreements.

  • In addition, after the Target Date, the Reinvestment Criteria and the Additional Reinvestment Criteria must be satisfied before and after giving effect to the purchase of any Additional Portfolio Collateral to the extent required pursuant to the Collateral Management Agreement.

  • Subject to the terms and conditions described in this Prospectus, the Collateral Manager, on behalf of the Issuer, may purchase Additional Portfolio Collateral during and after the Reinvestment Period.

  • The Collateral Manager, on behalf of the Issuer, will purchase Additional Portfolio Collateral during the Ramp-Up Period using amounts standing to the credit of the Pre-Funding Account and Principal Proceeds.


More Definitions of Additional Portfolio Collateral

Additional Portfolio Collateral means any Portfolio Collateral purchased with amounts representing Principal Proceeds, other than Sale Proceeds, and/or Interest Proceeds, as applicable, in accordance with the terms of the Collateral Management Agreement.
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Related to Additional Portfolio Collateral

  • Collateral Portfolio means all right, title, and interest (whether now owned or hereafter acquired or arising, and wherever located) of the Borrower in the property identified below in clauses (i) through (iv) and all accounts, cash and currency, chattel paper, tangible chattel paper, electronic chattel paper, copyrights, copyright licenses, equipment, fixtures, contract rights, general intangibles, instruments, certificates of deposit, certificated securities, uncertificated securities, financial assets, securities entitlements, commercial tort claims, deposit accounts, inventory, investment property, letter-of-credit rights, software, supporting obligations, accessions, or other property consisting of, arising out of, or related to any of the following (in each case excluding the Retained Interest and the Excluded Amounts):

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • UCC Collateral is defined in Section 3.03.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Current Asset Collateral means all the “ABL Priority Collateral” as defined in the ABL Intercreditor Agreement.

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Shared Collateral means, at any time, Collateral in which the holders of two or more Series of First-Lien Obligations hold a valid and perfected security interest at such time. If more than two Series of First-Lien Obligations are outstanding at any time and the holders of less than all Series of First-Lien Obligations hold a valid and perfected security interest in any Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of First-Lien Obligations that hold a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not have a valid and perfected security interest in such Collateral at such time.

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.

  • Permitted Priority Liens means Liens permitted under any of the clauses (b), (c), (d), (e), (f) or (i) of Section 9.02.

  • Permitted Receivables Related Assets means any other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables and any collections or proceeds of any of the foregoing.

  • Threshold Event Collateral shall have the meaning assigned to such term in Section 5(g).

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Patent Collateral means all Patents, whether now owned or hereafter acquired by the Company that are associated with the Business.

  • Personal Property Collateral means all Collateral other than Real Property.