Available Portfolio definition

Available Portfolio. As defined in Section 3.04(a) hereof. Bank: ▇▇▇▇▇ Fargo Bank, National Association, or another financial institution mutually agreed upon by the Parties or any successor thereto, each in its capacity as “Bank” under the Future Spread Custodial Account Control Agreement or the Future Spread Reserve Account Control Agreement, as applicable, or any third party custodian or trustee in similar capacity under any replacement account control agreements.
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Available Portfolio. As defined in Section 2.04(a) hereof.
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Available Portfolio shall have the meaning set forth in Section 3.21(a).
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Examples of Available Portfolio in a sentence

  • For the avoidance of doubt, Seller or its Affiliates shall have the right to retain all interest, dividends and other income received by such entities prior to the Effective Time with respect to the Available Portfolio (noting that the Initial Payment (New Business) will include an agreed interest component).

  • To the Knowledge of Seller, there is no breach or default under any covenants of any of the Investment Assets in the Available Portfolio.

  • From the date hereof until the Closing, subject to the first sentence of this Section 5.18, Seller shall manage the Investment Assets in the Available Portfolio in accordance with the Investment Guidelines and no assets shall become part of the Available Portfolio (through acquisition, allocation or transfer) except in accordance with the Investment Guidelines.

  • Except as set forth in Section 3.21(c) of the Seller Disclosure Letter, and except to the extent that such actions are inherent in the nature of the underlying investment, none of the Investment Assets in the Available Portfolio is subject to any obligation to fund any capital calls or capital commitments or similar obligations (including any obligation relating to any currency or interest rate swap, hedge or similar instrument).


More Definitions of Available Portfolio

Available Portfolio. As defined in Section 3.04(a) hereof. Bank: ▇▇▇▇▇ Fargo Bank, National Association, or another financial institution mutually agreed upon by the Parties or any successor thereto, each in its capacity as “Bank” under the Future Spread Custodial Account Control Agreement or the Future Spread Reserve Account Control Agreement, as applicable, or any third party custodian or trustee in similar capacity under any replacement account control agreements. Base Servicing Fee: With respect to a Collection Period, an amount equal to the product of (A) the aggregate outstanding principal balance of the Mortgage Loans as of the related Measurement Date, (B) the Base Servicing Fee Rate and (C) (i) in the case of the initial Collection Period, a fraction, the numerator of which is the number of days in the period from and including the Closing Date to and including the last day of the initial Collection Period, and the denominator of which is 360, and (ii) in the case of all other Collection Periods, 1/12; provided that the Base Servicing Fee with respect to any Mortgage Loan whose Servicing Agreement is terminated during a Collection Period shall be pro-rated to the actual number of days within such Collection Period in which such Mortgage Loan was serviced by Seller.
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