CCC Collateral Obligation definition

CCC Collateral Obligation. A Collateral Obligation (other than a Defaulted Obligation or a Deferring Obligation) with an S&P Rating of “CCC+” or lower.
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CCC Collateral Obligation. A CCC S&P Collateral Obligation or a CCC Fitch Collateral Obligation, as the context requires.
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CCC Collateral Obligation means a Collateral Obligation (other than a Defaulted Obligation, a Discount Obligation, a Deferring Obligation or a Current Pay Obligation) with an S&P Rating of “CCC+” or lower.
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Examples of CCC Collateral Obligation in a sentence

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

  • A Collateral Obligation that, at the time the Issuer committed to purchase such Collateral Obligation, has an application to S&P for a credit estimate pending and that, upon the provision of such credit estimate (after the acquisition of such Collateral Obligation by the Issuer), becomes an S&P CCC Collateral Obligation.

  • 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 CCC Collateral Obligations (starting with the CCC 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 Fitch CCC Collateral Obligation or an S&P CCC Collateral Obligation, as the context requires.

  • 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 CCC Collateral Obligation

CCC Collateral Obligation means a Collateral Obligation (other than a Defaulted Loan) with a Collateral Rating of “CCC+” (or the equivalent thereof) or lower.
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CCC Collateral Obligation means a Collateral Obligation (other than a Defaulted Obligation or a Deferred Interest Obligation) with an S&P Facility Rating of "CCC+" or lower.
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CCC Collateral Obligation. Collectively, the CCC Fitch Collateral Obligation and the CCC S&P Collateral Obligation.
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CCC Collateral Obligation. A CCC Fitch Collateral Obligation and/or a CCC S&P Collateral Obligation, as the context requires.
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CCC Collateral Obligation. A Collateral Obligation (other than a Defaulted Obligation or Deferring Obligation) with an S&P Rating of "CCC+" or lower. "CCC Excess": The amount equal to the excess of the Principal Balance of all CCC Collateral Obligations over an amount equal to 20.0% of the Collateral Principal Amount as of the applicable date of determination; provided that, in determining which of the CCC Collateral Obligations will be included in the CCC Excess, the CCC Collateral Obligations with the lowest Market Value (assuming that such Market Value is expressed as a percentage of the Principal Balance of such Collateral Obligations as of such Determination Date) will be deemed to constitute such CCC Excess. "Certificate of Authentication": The meaning specified in Section 2.1 (Forms Generally). "Certificated Note": Any Certificated Secured Note and any Certificated Subordinated Note.
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CCC Collateral Obligation. A Collateral Obligation (other than a Defaulted Obligation or a Deferring Obligation) with an S&P Rating of “CCC+” or lower. “CCC Excess”: An amount equal to the excess of the Principal Balance of all CCC Collateral Obligations over an amount equal to 17.5% of the Collateral Principal Amount as of such date of determination; provided that, in determining which of the CCC Collateral Obligations shall be included in the CCC Excess, the CCC Collateral Obligations with the lowest Market Value (expressed as a percentage of the outstanding Principal Balance of such Collateral Obligations as of such date of determination) shall be deemed to constitute such CCC Excess.
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Related to CCC 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.

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

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

  • 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.

  • 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.