Bond Loan Collateral definition

Bond Loan Collateral means the Secondary Loan Receivables, [Other Pledged Loan Receivables] and Credit Enhancements[, the Parent Guarantee] [and] [the Cash Collateral], as applicable, and any and all such collateral as may be assigned to the Lender or the Master Servicer/Trustee pursuant to any Collateral Assignment or any Principal Loss Collateral Provision to secure payment in full of all amounts due under the Bond Loan Documents.
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Bond Loan Collateral means the Secondary Loan Receivables and Other Pledged Loan Receivables and credit enhancements, the parent guarantee, as applicable, and any and all such collateral as may be assigned to the Qualified Issuer or the Master Servicer/Trustee pursuant to any Collateral Assignment or any principal loss collateral provision to secure payment in full of all amounts due under the Bond Loan Documents.
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Bond Loan Collateral is defined in the Bond Loan Agreement and includes, but is not limited
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Examples of Bond Loan Collateral in a sentence

  • For all Asset Classes except CDFI to Financing Entity utilizing pooled tertiary loans, the Bond Loan Collateral Requirements are as follows: Each Bond Loan must be secured at all times by Secondary Loans, and/or cash collateral pledged by the Eligible CDFI in the amount of 110% of the unpaid principal balance of the Bond Loan.

  • The proposed Term Sheet must clearly state all relevant and critical terms of the proposed Bond Loan including, but not limited to: the Bond Loan Collateral Requirements described in Section II(B) of this NOGA, any requested prepayment provisions, unique conditions precedent, proposed covenants and exact amounts/ percentages for determining the Eligible CDFI’s ability to meet program requirements, and terms and exact language describing any Credit Enhancements.

  • The Borrower has good and marketable title to the Bond Loan Collateral.

  • The Borrower joins in the pledge of and grant of a security interest in, such portion of the Trust Estate comprising the Bond Loan Collateral to the extent of its interest therein.

  • The proposed Term Sheet must clearly state all relevant and critical terms of the proposed Bond Loan including, but not limited to: The Bond Loan Collateral Requirements described in Section II(B) of this NOGA, any requested prepayment provisions, unique conditions precedent, proposed covenants and exact amounts/ percentages for determining the Eligible CDFI’s ability to meet program requirements, and terms and exact language describing any Credit Enhancements.

  • Nothing in this Section 6.2 shall be interpreted to allow the Borrower to transfer the Bond Loan Collateral, except pursuant to Section 6.4 hereof.

  • At any time and from time to time upon the request of the Lender, the Borrower will promptly give, execute, deliver, file and record any notice, statement, instrument, document, agreement or other paper and do such other acts and things as the Lender reasonably may request in order to effect fully the purposes of the Loan Documents, which purposes include, without limitation, the creation, preservation, perfection or validation of any lien or security interest of the Lender in the Bond Loan Collateral.

  • No “Hazardous Substance” is located on or in any part of the Bond Loan Collateral except as permitted by law.

  • The Borrower represents and warrants that the lien granted hereby with respect to the Bond Loan Collateral is and at all times will be a first lien.

  • The Bond Loan Collateral comprises unrestricted assets of the Borrower and the security interest created in the Bond Loan Collateral is valid, binding and enforceable against the Borrower.


More Definitions of Bond Loan Collateral

Bond Loan Collateral means the "Bond Loan Collateral" as defined in the Bond Loan Security Agreement.
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Related to Bond Loan Collateral

  • Loan Collateral With respect to any Mortgage Loan, the related Mortgaged Property and any personal property securing the related Mortgage Loan, including any lessor’s interest in such property, whether characterized or recharacterized as an ownership or security interest, and including any accounts or deposits pledged to secure such Mortgage Loan, and any Additional Collateral.

  • Term Loan Collateral means all of the assets of any Grantor, whether real, personal or mixed, upon which a Lien is granted or purported to be granted to any Term Loan Agent under any of the Term Loan Collateral Documents.

  • Term Loan Collateral Agent means Credit Suisse, Cayman Islands Branch, as collateral agent for the lenders under the Term Loan Credit Agreement, together with its respective successors and permitted assigns under the Term Loan Credit Agreement exercising substantially the same rights and powers, or such other agent as may from time to time be appointed thereunder.

  • Swap Collateral means, at any time, any asset (including, without limitation, cash and/or securities) which is paid or transferred by a Swap Provider to the Guarantor (and not transferred back to the Swap Provider) as credit support to support the performance by such Swap Provider of its obligations under the relevant Swap Agreement together with any income or distributions received in respect of such asset and any equivalent of such asset into which such asset is transformed; for greater certainty, Contingent Collateral shall at all times be excluded from Swap Collateral;

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Prepetition Collateral means the collateral securing the Prepetition BP Secured Claim, including, without limitation, the Posted Collateral.

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

  • Canadian Collateral means any and all property owned, leased or operated by a Person covered by the Canadian Collateral Documents and any and all other property of any Canadian Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Canadian Secured Obligations.

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • Hedge Collateral Defined in Section 5.3(b).

  • 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.

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

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Collateral means all of the “Collateral” referred to in the Collateral Documents and all of the other property that is or is intended under the terms of the Collateral Documents to be subject to Liens in favor of the Administrative Agent for the benefit of the Secured Parties.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Mortgage Pool Assets (i) The Mortgage Loans (including all Substitute Mortgage Loans) identified on the Mortgage Loan Schedule, and all rights pertaining thereto, including the related Mortgage Notes, Mortgages, Cooperative Stock Certificates, Cooperative Leases, Security Agreements, Assignments of Proprietary Lease, and Recognition Agreements, and all Monthly Payments due after the Cut-Off Date and all other payments and distributions collected with respect to the Mortgage Loans on or after the Cut-Off Date; (ii) the Certificate Account, the Investment Account, and all money, instruments, investment property, and other property credited thereto, carried therein, or deposited therein (except amounts constituting the Servicing Fee); (iii) the Custodial Accounts for P&I and any Buydown Fund Account (to the extent of the amounts on deposit or other property therein attributable to the Mortgage Loans), and all money, instruments, investment property, and other property credited thereto, carried therein, or deposited therein (except amounts constituting the Servicing Fee); (iv) all property that secured a Mortgage Loan and that has been acquired by foreclosure or deed in lieu of foreclosure or, in the case of a Cooperative Loan, a similar form of conversion, after the Cut-Off Date; and (v) each FHA insurance policy, Primary Insurance Policy, VA guaranty, and other insurance policy related to any Mortgage Loan, and all amounts paid or payable thereunder and all proceeds thereof.

  • Second Lien Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any Second Lien Obligations.

  • 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.

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • First Lien Last Out Loan Any Collateral Obligation that would be a Senior Secured Loan except that, following a default, such Collateral Obligation becomes fully subordinated to other senior secured loans of the same Obligor and is not entitled to any payments until such other senior secured loans are paid in full.

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]