Collateral Loss definition

Collateral Loss means any loss, damage, destruction or other casualty to, or any condemnation of, any Collateral.
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Collateral Loss shall have the meaning given to such term in Section --------------- ------- 7.10. ----
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Collateral Loss means the amount by which the Sale Proceeds received by the Issuer from the disposal of (or from any recoveries received in respect of) any Defaulted Obligation is less than the purchase price of such Defaulted Obligation in respect of which such Sale Proceeds have been received (if any), and together with each other Collateral Loss realised by the Issuer, the “Collateral Losses”.
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Examples of Collateral Loss in a sentence

  • In the event of a Collateral Loss, the Borrowers will pay to the Agent, promptly upon receipt thereof, any and all insurance proceeds and payments received by any Borrower or any of its Subsidiaries on account of damage, destruction or loss of all or any portion of the Collateral.

  • Each Borrower will diligently file and prosecute its claim or claims for any award or payment in connection with a Collateral Loss.

  • After the occurrence and during the continuance of an Event of Default, (i) no settlement on account of any such Collateral Loss shall be made without the consent of the Lenders and (ii) the Agent may participate in any such proceedings and the Borrowers will deliver to the Agent such documents as may be requested by the Agent to permit such participation and will consult with the Agent, its attorneys and agents in the making and prosecution of such claim or claims.

  • The Agent may, at its election and in its sole discretion, upon consultation with the Lenders, either (a) apply the proceeds realized from Collateral Losses to payment of accrued and unpaid interest or outstanding principal of the Term Loans or the Revolving Loans, as set forth in Section 2.3(b) or (b) pay such proceeds to the Borrowers to be used to repair, replace or rebuild the asset or property or portion thereof that was the subject of the Collateral Loss.

  • The tables below show the Collateral Loss to Maturity and the Weighted-Average Life (WAL) of the referenced class at the Breakeven Percentage of the BlackRock Ramp Loss Distribution.

  • To the extent of net cash proceeds received in connection with a Collateral Loss, the Borrowers shall prepay the Loans in an amount equal to one hundred percent (100%) of such net cash proceeds if the Agent shall have elected to apply the proceeds realized from such Collateral Loss to the prepayment of the Loans (such prepayment to be applied as set forth in clause (v) below).

  • A default under any Loan Document Collateral Loss or Destruction.

  • In the event that the Class M Notes and overcollateralization have been reduced to zero, the Class Note Balances of the Class A-2B and Class A-2C Notes will be reduced, pro rata by Class Note Balance, by an amount equal to the Group II Collateral Loss Amount.

  • To the extent of net cash proceeds received --------------- in connection with a Collateral Loss, the Borrowers shall prepay the Loans in an amount equal to one hundred percent (100%) of such net cash proceeds if the Agent shall have elected to apply the proceeds realized from such Collateral Loss to the prepayment of the Loans (such prepayment to be applied as set forth in clause (v) below).

  • Life (yrs.) 6.14 7.02 7.99 8.21 Window (begin-end) (mths) 68-81 (14) 75-97 (23) 81-132 (52) 88-126 (39) Expected Final Maturity 5/15/05 9/15/06 8/15/09 2/15/09 Yield @ 99.95125% 6.722 6.722 6.302 3.997 Collateral Loss Amount ($) 165,127,496 193,505,173 209,895,638 220,569,167 Collateral Loss Amount (%) 15.012% 17.591% 19.081% 20.052% Aggregate Class M-1 Loss Amount ($) - - 4,833,334 24,484,603 Aggregate Class M-1 Loss Amount (%) 0 0 9.45 47.87 Class M-2 (% CDR) 4.00% 5.00% 5.70% 6.00% ---------------- Avg.


More Definitions of Collateral Loss

Collateral Loss means any loss, damage, destruction or other casualty to, or any condemnation of, any Collateral. “Commitment” means, as to each Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant toSection 2.01 and (b) purchase participations in L/C Obligations, in an aggregate principal amount at any one time outstanding not toexceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.
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Collateral Loss shall have the meaning given to such term in SECTION 7.10.
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Related to Collateral Loss

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Event of Loss means, with respect to any Property, any of the following: (a) any loss, destruction or damage of such Property; (b) any pending or threatened institution of any proceedings for the condemnation or seizure of such Property or for the exercise of any right of eminent domain; or (c) any actual condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, of such Property, or confiscation of such Property or the requisition of the use of such Property.

  • Collateral Value The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.

  • Partial Loss means any Physical Damage loss which is not a Total Loss.

  • Residual Loss means any item of gain or loss, as the case may be, of the Partnership recognized for federal income tax purposes resulting from a sale, exchange or other disposition of a Contributed Property or Adjusted Property, to the extent such item of gain or loss is not allocated pursuant to Section 6.2(b)(i)(A) or 6.2(b)(ii)(A), respectively, to eliminate Book-Tax Disparities.

  • Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower, any Parent Guarantor or any of their respective Subsidiaries in connection therewith, but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first-priority Lien permitted by Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Event of Loss Proceeds means, with respect to any proceeds from any Event of Loss, all Satellite insurance proceeds received by the Issuer or any of the Restricted Subsidiaries in connection with such Event of Loss, after

  • Total Loss Proceeds means the proceeds of any insurance or any compensation or similar payment arising in respect of a Total Loss.

  • Affected Property means all real property at the Site and any other real property where EPA determines, at any time, that access or, land, water, or other resource use restrictions, and/or Institutional Controls are needed to implement the removal action, including, but not limited to, the following properties [insert property descriptions].

  • Material Loss means an uninsured:

  • Casualty Loss has the meaning set forth in Section 5.06.

  • Total Loss means, in relation to a Ship:

  • Collateral Proceeds means the Liquidation Proceeds of the Relevant Collateral or any Undeliverable Assets forming part of the Relevant Collateral (as the case may be) denominated in the Settlement Currency.

  • Net Casualty Proceeds means, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by the Borrower or any of its U.S. Subsidiaries in connection with such Casualty Event (net of all collection or similar expenses related thereto), but excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first priority Lien permitted by clause (d) of Section 7.2.3 on the property which is the subject of such Casualty Event.

  • Casualty Amount means five hundred thousand Dollars (USD500,000) (or the equivalent in any other currency);

  • Replacement Property means any property which is placed in service as a replacement for any item of Equipment or any Improvement previously subject to this Fee Agreement regardless of whether such property serves the same functions as the property it is replacing and regardless of whether more than one piece of property replaces any item of Equipment or any Improvement to the fullest extent that the FILOT Act permits.

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Loss Event means (A) an annual pre-tax loss at GS Inc. or (B) annual negative revenues in one or more reporting segments as disclosed in the Firm’s Form 10-K other than the Investing & Lending segment, or annual negative revenues in the Investing & Lending segment of $5 billion or more, provided in either case that you are employed in a business within such reporting segment.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Environmental Loss means any loss, cost, damage, liability, deficiency, fine, penalty or expense (including, without limitation, reasonable attorneys' fees, engineering and other professional or expert fees), investigation, removal, cleanup and remedial costs (voluntarily or involuntarily incurred) and damages to, loss of the use of or decrease in value of the Equipment arising out of or related to any Adverse Environmental Condition.

  • Insured Property means the vessel, including the power units, accessories and equipment. “Parasailing” means using your vessel to tow a person in a device designed for flight. “Waterskiing” means using your vessel to tow a person on water skis or flotation devices.

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of applicable building codes, ordinances or laws, and without deduction for depreciation.

  • 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.

  • Collateral Insurance shall have the meaning set forth in Section 4.4(a).