Collateral Interest Collections means, with respect to any Payment Date, the sum (without duplication) of (i) all payments of interest (excluding (x) Purchased Accrued Interest and (y) the aggregate amount of interest received in Cash on any Defaulted Obligation (during the period of time when such Collateral Debt Obligation constitutes a Defaulted Obligation) to the extent the aggregate amount of such payment of interest and other payments received on such Defaulted Obligation does not exceed the Principal Balance of such Defaulted Obligation) in respect of any Collateral Debt Obligation in the Trust Estate which are received during the related Due Period (including any Sale Proceeds representing accrued interest (other than Purchased Accrued Interest) on a Collateral Debt Obligation to the date of sale (except to the extent treated as Collateral Principal Collections at the option of the Collateral Manager)),
Collateral Interest Collections means, with respect to any Payment Date, the sum (without duplication) of (i) all payments of interest (excluding (x) Purchased Accrued Interest and (y) the aggregate amount of interest received in Cash on any Defaulted Obligation (during the period of time when such Collateral Debt Obligation constitutes a Defaulted Obligation) to the extent the aggregate amount of such payment of interest and other payments received on such Defaulted Obligation does not exceed the Principal Balance of such Defaulted Obligation) in respect of any Collateral Debt Obligation in the Trust Estate which are received during the related Due Period (including any Sale Proceeds representing accrued interest (other than Purchased Accrued Interest) on a Collateral Debt Obligation to the date of sale (except to the extent treated as Collateral Principal Collections at the option of the Collateral Manager)), (ii) the Reinvestment Income, if any, on amounts deposited in the Collection Account which is received during the related Due Period, (iii) all consent payments, amendment and waiver fees, all late payment fees, all commitment fees (including commitment fees received on Unfunded Commitments) and all other fees and commissions received during the related Due Period (other than (x) fees and commissions received during the related Due Period in connection with the purchase of Collateral Debt Obligations, (y) fees and commissions received during the related Due Period with respect to a Defaulted Obligation (during the period of time when such Collateral Debt Obligation constitutes a Defaulted Obligation) to the extent such fees and commissions and other payments received on such Defaulted Obligation do not exceed the Principal Balance of such Defaulted Obligation and (z) fees and commissions received in connection with the reduction of the principal amount of the related Collateral Debt Obligation),
Collateral Interest Collections means, with respect to any Due Period and the related Payment Date, without duplication, the sum of (i) (a) all cash payments of interest with respect to any Collateral Debt Securities and Eligible Investments included in the Collateral (including any Sale Proceeds of a Collateral Debt Security sold at a price greater than or equal to its Principal Balance representing unpaid interest accrued thereon to the date of the sale thereof to the extent not treated as Collateral Principal Collections at the option of the Collateral Manager) and (b) all Synthetic Security Periodic Payments payable to the Issuer under a Synthetic Security, net, in the case of a Derivative Contract, of any Synthetic Security Periodic Payments payable by the Issuer to the Derivative Contract Counterparty during the related Collection Period, but excluding in the case of the foregoing clauses (a) and (b): (1) all funds received on a Defaulted Security (including any unpaid interest) and any unpaid interest accrued on a Deferred Interest XXX Xxxx or a Written Down Security to the date of sale which are received during the related Due Period, and (2) any servicing fees and other fees, expenses or indemnities paid directly to any Servicer pursuant to any Servicing Agreement and any other amounts paid out of collections of interest pursuant to any Servicing Agreement to reimburse the related Servicer for servicing advances made by it thereunder which are received during the related Due Period, (ii) all payments on Eligible Investments purchased with Collateral Interest Collections, (iii) payments received or scheduled to be received from a Hedge Counterparty under any Hedge Agreement (including the Initial Hedge Agreement) on the related Payment Date, excluding any payments received from a Hedge Counterparty upon reduction of the notional amount and any termination payments (provided that so long as the Notes are Outstanding, any termination payments received from a Hedge Counterparty will be used to enter into a substitute Hedge Agreement to the extent required to maintain the then-current rating of the Notes by each Rating Agency), (iv) all amendment and waiver fees, all late payment fees and all other fees and commissions received during the related Due Period (other than fees and commissions received in connection with the sale, restructuring, workout or default of Collateral Debt Securities or in connection with Defaulted Securities or Written Down Securities) (excluding any payments ...
Examples of Collateral Interest Collections in a sentence
Collateral Interest Collections net of amounts payable on a Payment Date pursuant to clauses (A) through(E) above, represent "Adjusted Collateral Interest Collections" for such Payment Date.
The Contractor shall instruct his staff and labour to use only these facilities.
The longer the period before investment or reinvestment in Collateral Debt Obligations, the greater the adverse impact may be on aggregate Collateral Interest Collections collected and distributed by the Issuer, resulting in a lower yield than could have been obtained if the net proceeds associated with the offering of the Securities were immediately invested and remained invested at all times.
Collateral Interest Collections net of amounts payable on a Payment Date pursuant to clauses (A) through(E) above, represent “Adjusted Collateral Interest Collections” for such Payment Date.
In addition, with respect to a Deferred Interest PIK Bond the shortfall of Collateral Interest Collections would adversely affect the Issuer's ability to pay amounts due in respect of the Notes.
Therefore, the occurrence of a Ratings Confirmation Failure may result in an early repayment on the Notes but there can be no assurance that Collateral Interest Collections or other Available Funds will be sufficient to pay sufficient principal on the Notes so that the initial ratings of the Notes can be confirmed.
The director and investigator may consider information that tends to prove or disprove the allegations in the complaint, regardless of whether the information would be admissible in a court of law.
On or before each Payment Date or Accelerated Distribution Date, prior to the application of Collateral Interest Collections and Collateral Principal Collections in accordance with the Priority of Payments, the Trustee shall, upon Issuer Order (which may be a standing order), apply available funds in the Collection Account received during the applicable Due Period to pay Administrative Expenses of the Issuer.
Any Collateral Interest Collections remaining after certain payments described in the Priority of Payments will also be available for the payment of expenses.
Therefore, despite the Issuer having the benefit of the Hedge Agreement and distributions on the Class D Income Notes being subordinated to the payments of interest on the Secured Notes, there can be no assurance that the Collateral will in all circumstances generate sufficient Collateral Interest Collections to make timely payments of interest on the Secured Notes, or that the existence of the Hedge Agreement will ensure any particular return on the Class D Income Notes.
More Definitions of Collateral Interest Collections
Collateral Interest Collections means, with respect to any Payment Date, the sum (without duplication) of (i) all payments of interest (excluding (x) Purchased Accrued Interest and (y) the aggregate amount of interest received in Cash on any Defaulted Obligation (during the period of time when such Collateral Debt Obligation constitutes a Defaulted Obligation) to the extent the aggregate amount of such payment of interest and other payments received on such Defaulted Obligation does not exceed the Principal Balance of such Defaulted Obligation) in respect of any Collateral Debt Obligation in the Trust Estate which are received during the related Due Period (including any Sale Proceeds representing accrued interest (other than Purchased Accrued Interest) on a Collateral Debt Obligation to the date of sale (except to the extent treated as Collateral Principal Collections at the option of the Collateral Manager)),(ii) the Reinvestment Income, if any, on amounts deposited in the Collection Account which is received during the related Due Period, (iii) all consent payments, amendment and waiver fees, all late payment fees, all commitment fees (including commitment fees received on Unfunded Commitments) and all other fees and commissions received during the related Due Period (other than (x) fees and commissions received during the related Due Period in connection with the purchase of Collateral Debt Obligations and (y) fees and commissions received during the related Due Period with respect to a Defaulted Obligation (during the period of time when such Collateral Debt Obligation constitutes a Defaulted Obligation) to the extent such fees and commissions and other payments received on such Defaulted Obligation do not exceed the Principal Balance of such Defaulted Obligation), (iv) all payments received in cash by the Issuer pursuant to any Hedge Agreements on or prior to the Payment Date (excluding any payments received by the Issuer on or prior to the preceding Payment Date or payments resulting from the termination and liquidation of any Hedge Agreement other than any scheduled payment under such Hedge Agreement which accrued prior to such termination) less any scheduled amounts payable by the Issuer under the Hedge Agreements on or prior to the Payment Date (excludingany payments made by the Issuer on or prior to the preceding Payment Date), provided, that, the calculation in this clause (iv) results in a number greater than zero, (v) any amount transferred from the Interest Reserve Account...
Collateral Interest Collections means, with respect to any Due Period and the related Payment Date, without duplication, the sum of (i) all cash payments of interest with respect to any Collateral Interests and Eligible Investments included in the Collateral ((A) including any Sale Proceeds of a Collateral Interest representing unpaid interest accrued thereon to the date of the sale thereof to the extent not treated as Collateral Principal Collections at the option of the Collateral Manager, but (B) excluding all funds received on an Impaired Interest (including any unpaid interest) and any unpaid interest accrued on a Deferred Interest XXX Xxxx or a Written Down Interest to the date of sale) which are received during the related Due Period (excluding any Purchased Accrued Interest), (ii) all payments on Eligible Investments purchased with Collateral Interest Collections, (iii) payments received or scheduled to be received from a Hedge Counterparty under any Hedge Agreement on the related Payment Date, excluding any payments received from a Hedge Counterparty upon reduction of the notional amount and any termination payments (provided that so long as the Notes are Outstanding, any termination payments received from a Hedge Counterparty will be used to enter into a substitute Hedge Agreement to the extent required to maintain the then-current rating of the Notes by each Rating Agency), (iv) all amendment and waiver fees, all late payment fees and all other fees and commissions received during the related Due Period (other than fees and commissions received in connection with the sale, restructuring, workout or default of Collateral Interests or in connection with Impaired Interests or Written Down Interests) (provided, further, that Collateral Interest Collections shall not include any other proceeds related to any Retained Rights), (v) the Principal Balance of any Eligible Investments purchased with Collateral Interest Collections, (vi) all interest accrued on the Closing Date on Collateral Interests included in the Collateral, (vii) any amounts on deposit in the Interest Reserve Account, (viii) at the option of the Collateral Manager, any amount on deposit in the Expense Reserve Account in excess of U.S.$25,000, (ix) commitment fees on unfunded amounts and other similar fees (in each case, net of applicable withholding taxes) actually received by the Issuer during the related Due Period in respect of any Earn-Out Assets, (x) any Uninvested Proceeds remaining on deposit in the Uninvested...
Collateral Interest Collections. With respect to any Due Period or Calculation Date, without duplication, the sum of:
Collateral Interest Collections means, with respect to any Payment Date, the sum (without duplication) of (i) all payments of interest (excluding (x) Purchased Accrued Interest and (y) payments that would not constitute Collateral Interest Collections under clause