Collateral Asset definition

Collateral Asset means a commercial loan or bond (or Participation Interest therein) owned or, as set forth in Section 1.04, committed to be acquired or funded, by the Borrower.

Collateral Asset has the meaning specified in Annex C.

Collateral Asset means (i) each Bank Loan (including a First Lien Bank Loan or Second Lien Bank Loan), Senior Secured Bond, Senior Unsecured Bond, Senior Subordinated Bond or Subordinated Bond in each case whether or not given credit in the Borrowing Base or having a positive Advance Rate, (ii) all Cash and Cash Equivalents owned by Borrower and (iii) any other financial assets of the Borrower of any kind.

Examples of Collateral Asset in a sentence

• Notwithstanding Section 10.01(a), if on any day a Collateral Asset is no longer an Eligible Collateral Asset and any Coverage Test is not satisfied as of such day, the Borrower shall either make a deposit of the funds and/or deliver one or more replacement Collateral Assets for such Ineligible Collateral Asset, in each case pursuant to the Sale Agreement and in accordance with Section 10.03; provided that this clause (b) shall not require the Borrower to sell any such Collateral Asset.

• It shall direct any agent or administrative agent for any Collateral Asset to remit all payments and collections with respect to such Collateral Asset and, if applicable, to direct the Obligor with respect to such Collateral Asset to remit all such payments and collections with respect to such Collateral Asset directly to the Collection Account.

• Each contribution shall either be made (a) in Cash (in which event such contributions shall be made by deposit into the Collection Account), (b) by assignment and contribution of an Eligible Investment and/or (c) by assignment of a Collateral Asset that is an Eligible Collateral Asset.

• For purposes of calculating the Adjusted Principal Balance of each Collateral Asset, the Collateral Agent shall begin including each Collateral Asset in the report as of its Trade Date.

• It shall not have or permit the formation of any subsidiaries, except (i) in connection with the receipt of equity securities with respect to a Collateral Asset or any exchange offer, work-out or restructuring of a Collateral Asset or (ii) Tax Blocker Subsidiaries.

More Definitions of Collateral Asset

Collateral Asset means each or any, as the context may require, of the Identified Assets and Additional Assets over which security is granted to secure Program Debt and, other than for the purposes of Article IV and Section 5.13(a), the Indirect Collateral Assets, but excluding any Collateral Asset which has been sold and which no longer constitutes part of the Collateral, in each case in accordance with this Agreement.

Collateral Asset means any loan, security, cash or other asset owned or held by the applicable Loan Party, in each case whether or not given credit in the Borrowing Base or having a positive Advance Rate.

Collateral Asset has the meaning specified in Annex C. “Collateral Dispute Notice” has the meaning specified in Annex C. 5

Collateral Asset means USD 44,000,000 nominal amount of the Floating Rate Notes issued by the Collateral Asset Issuer (ISIN: US225434CG25) which have redeemed on or around 16 August 2011 and accordingly, means USD 0 as of 17 August 2011. For theavoidance of doubt, the Issuer paid the Swap Counterparty an amount equal to the redemption proceeds of the USD 44,000,000 nominal amount of the Floating Rate Notes issued by the Collateral Asset Issuer (ISIN: US225434CG25) on or around 17 August 2011 as a Party B Interim Exchange Amount I pursuant to the Swap Agreement.

Collateral Asset means USD 44,000,000 nominal amount of the Floating Rate Notes issued by the Collateral Asset Issuer (ISIN: US225434CG25).

Collateral Asset means any commercial loan or bond (including Participation Interests therein) that the Borrower funds or acquires from any third party seller or the Transferor, which loan or bond includes, without limitation, (i) the Required Loan Documents and Collateral Asset File, and (ii) all right, title and interest of such third party seller or the Transferor in and to the loan or bond and any Underlying Collateral, but excluding, in each case, the Retained Interest and Excluded Amounts.

Collateral Asset means cash deposited in a designated account of the settlement bank by brokerage and dealer firm or by Customer as brokerage firm agreed with Customer, in order to confirm Customer’s role and responsibility in securities clearing activities;