Caa Collateral Obligation definition

Caa Collateral Obligation. A Collateral Obligation (other than a Defaulted Obligation) with a Moody’s Default Probability Rating of “Caa1” or lower.
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Caa Collateral Obligation. A Collateral Obligation (other than a Defaulted Obligation or a Deferring Obligation) with a Xxxxx’x Rating of “Caa1” or lower.
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Caa Collateral Obligation. A Collateral Obligation (other than a Defaulted Obligation or a Deferring Obligation) with a Moody’s Default Probability Rating of “Caa1” or lower.
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Examples of Caa Collateral Obligation in a sentence

  • A CCC Collateral Obligation and/or a Caa Collateral Obligation, as the context requires.

  • Any Collateral Obligation (without duplication) that is either a Caa Collateral Obligation or a CCC Collateral Obligation, as the context requires.

  • Any CCC Collateral Obligation and/or any Caa Collateral Obligation, as the context requires.

  • The Aggregate Principal Balance of Caa Collateral Obligations (starting with the Caa Collateral Obligation with the lowest Market Value) in excess of 7.5% of the Collateral Principal Amount.

  • Any Collateral Obligation that is a CCC Collateral Obligation or a Caa Collateral Obligation.

  • A Collateral Obligation (other than a Defaulted Obligation or an Excepted Caa Collateral Obligation) with an Assigned Moody's Rating of "Caa1" or lower.

  • Any Collateral Obligation other than a Defaulted Obligation or Discount Obligation that is either a Caa Collateral Obligation or a CCC Collateral Obligation.


More Definitions of Caa Collateral Obligation

Caa Collateral Obligation means a Collateral Obligation (other than a Defaulted Obligation, a Discount Obligation, a Deferring Obligation or a Current Pay Obligation) with a Moody’s Rating of Caa1 or lower.
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Caa Collateral Obligation means a Collateral Obligation (other than a Defaulted Obligation, a Current Pay Obligation, a DIP Collateral Obligation, a Discount Obligation or a Deferred Interest Obligation) with a Moody's Default Probability Rating of "Caa1" or lower.
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Caa Collateral Obligation means a Collateral Obligation (other than a Defaulted Obligation or a Deferred Interest Obligation) with a Moody's Rating of "Caa1" or lower.
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Caa Collateral Obligation. A Collateral Obligation (other than a Defaulted Obligation or a Deferring Security) with a Xxxxx’x Rating of “Caa1” or lower. “Calculation Agent”: The meaning specified in Section 7.16(a). “Cash”: Such funds denominated in currency of the United States of America as at the time constitute legal tender for payment of all public and private debts, including, as applicable, funds standing to the credit of an Account. “Cayman AML Regulations”: The Cayman Islands Anti-Money Laundering Regulations (2020 Revision) (as amended) together with the Guidance Notes on the Prevention and Detection of Money Laundering and Terrorist Financing in the Cayman Islands (as amended). “Cayman FATCA Legislation”: The Cayman Islands Tax Information Authority Act (2021 Revision) (as amended) (including any implementing legislation, rules, regulations and guidance notes with respect to such law). “CCC Collateral Obligation”: A Collateral Obligation (other than a Defaulted Obligation or a Deferring Security) with an S&P Rating of “CCC+” or lower. “CCC/Caa Excess”: The amount equal to the greater of (i) the excess of the Principal Balance of all CCC Collateral Obligations over an amount equal to 10.0% of the
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Related to Caa Collateral Obligation

  • Collateral Obligation means a Loan owned by the Borrower, excluding the Retained Interest thereon.

  • Delayed Drawdown Collateral Obligation A Collateral Obligation that (a) requires the Issuer to make one or more future advances to the borrower under the Underlying Documents relating thereto, (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the borrower thereunder; but any such Collateral Obligation will be a Delayed Drawdown Collateral Obligation only until all commitments by the Issuer to make advances to the borrower expire or are terminated or are reduced to zero.

  • Schedule of Collateral Obligations means the list or lists of Collateral Obligations attached to each Asset Approval Request and each Reinvestment Request. Each such schedule shall identify the assets that will become Collateral Obligations, shall set forth such information with respect to each such Collateral Obligation as the Borrower or the Facility Agent may reasonably require and shall supplement any such schedules attached to previously-delivered Asset Approval Requests and Reinvestment Requests.

  • General obligation bond means a Bond, the payment of principal of and interest on which is a General Obligation of the Authority.

  • General obligation bonds means, collectively, the Limited Tax General Obligation Bonds and the Unlimited Tax General Obligation Bonds.

  • Cash Collateral Order means the First Cash Collateral Order, as extended and modified by subsequent orders of the Bankruptcy Court [ECF Nos. 2402, 2726, 3207, 3480, 5580, 6128, 7378, 8081, 8467, 8671, 8958, 9112].

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

  • Final Cash Collateral Order means the Final Order (I) Authorizing Use of Cash Collateral, (II) Granting Adequate Protection, (III) Modifying the Automatic Stay to Permit Implementation, and (IV) Granting Related Relief [Docket No. 988] entered by the Bankruptcy Court on March 25, 2015, including all stipulations related thereto.

  • Cash Collateral Orders means, collectively, the Interim Cash Collateral Order and the Final Cash Collateral Order.

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

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

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

  • Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.

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

  • 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.

  • 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.

  • Second Priority Collateral Documents means the Initial Second Priority Collateral Documents and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any Grantor for purposes of providing collateral security for any Second Priority Debt Obligation.

  • Junior Priority Obligations means the Initial Junior Priority Obligations and any Additional Obligations constituting Junior Priority Debt.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • 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.

  • Additional Collateral Documents as defined in the Base Intercreditor Agreement.

  • Initial Collateral Amount means $757,097,792, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • 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.

  • First Lien Collateral Documents means the “Security Documents” or “Collateral Documents” or similar term (as defined in the applicable First Lien Loan Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any First Lien Obligations or pursuant to which any such Lien is perfected.

  • 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 Lien Collateral Documents means the “Security Documents” or “Collateral Documents” (as defined in the applicable Second Lien Debt Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any Second Lien Obligations or pursuant to which any such Lien is perfected.