Collateral Manager Advance definition

Collateral Manager Advance means an advance made by the Collateral Manager to the Issuer pursuant to the Collateral Management Agreement.
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Collateral Manager Advance means any amount advanced by the Collateral Manager for the purchase or exercise of a Collateral Enhancement Obligation, to the extent there are insufficient funds available in the Collateral Enhancement Account, in its sole discretion, which shall bear interest in accordance with the Collateral Management Agreement at a rate equal to EURIBOR plus 2.0 per cent per annum (where EURIBOR shall be floored at zero for such purpose). The aggregate principal amount outstanding of all Collateral Manager Advances shall not, at any time, exceed €6,000,000 or such greater number as the Subordinated Noteholders may approve, acting by an Ordinary Resolution.
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Collateral Manager Advance means, collectively, any Cure Collateral Manager Advance, any Collateral Enhancement Collateral Manager Advance and any Discretionary Collateral Manager Advance.
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Examples of Collateral Manager Advance in a sentence

  • However, the Collateral Manager is under no obligation to make any Collateral Manager Advance.

  • If sufficient amounts are not so available, the Collateral Manager may, at its discretion, fund the payment of any shortfall by way of a Collateral Manager Advance.

  • If sufficient amounts are not so available, the Collateral Manager may, at is discretion, fund the payment of any shortfall by way of a Collateral Manager Advance.

  • All funds required in respect of the purchase price of any Collateral Enhancement Obligations, and all funds required in respect of the exercise price of any rights or options thereunder may only be paid out of the Balance standing to the credit of the Supplemental Reserve Account at the relevant time or out of a Collateral Manager Advance.

  • If sufficient amounts are not so available, the Collateral Manager may, subject to the limits on the number of Collateral Manager Advances, at its discretion, fund the payment of any shortfall by way of a Collateral Manager Advance.

  • All funds required in respect of the purchase price of any Collateral Enhancement Obligations and all funds required in respect of the exercise price of any rights or options thereunder, may be paid out of the Balance standing to the credit of the Collateral Enhancement Account at the relevant time, or out of a Collateral Manager Advance or as a Permitted Use of certain other proceeds.

  • The aggregate amount outstanding of all Collateral Manager Advances shall not, at any time, exceed €7,500,000 or such greater number as the Subordinated Noteholders may approve, acting by way of Ordinary Resolution and provided that each Collateral Manager Advance shall be in an amount of no less than €250,000, and provided further that only three Collateral Manager Advances may be made.

  • Collateral Enhancement ObligationsAll funds required in respect of the purchase price of any Collateral Enhancement Obligations, and all funds required in respect of the exercise price of any rights or options thereunder may only be paid out of the Balance standing to the credit of the applicable Supplemental Reserve Account at the relevant time or out of a Collateral Manager Advance.

  • All funds required in respect of the purchase price of any Collateral Enhancement Obligations and all funds required in respect of the exercise price of any rights or options thereunder may only be paid out of the Balance standing to the credit of the Supplemental Reserve Account at the relevant time or out of a Collateral Manager Advance.

  • If sufficient amounts are not so available, the Collateral Manager may, at its discretion, fund the payment of any shortfall by way of a Collateral Manager Advance pursuant to the terms of the Collateral Management and Administration Agreement.

Related to Collateral Manager Advance

  • Collateral Management Fee means each of the Senior Management Fee, the Subordinated Management Fee and the Incentive Collateral Management Fee.

  • Collateral Manager The meaning specified in the Preamble.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Servicer Advance or "Servicing Advance" as defined in the applicable Purchase and Servicing Agreement.

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • 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:

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Collateral Monthly Principal means the monthly principal distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.07(c).

  • Agent Advance shall have the meaning provided in Section 2.01(e).

  • Lead Securitization Servicing Agreement means (i) the pooling and servicing agreement or other comparable agreement related to the Lead Securitization, and (ii) on and after the date on which the Mortgage Loan is no longer subject to the provisions of the Lead Securitization Servicing Agreement, the “Lead Securitization Servicing Agreement” shall be determined in accordance with the second paragraph of Section 2(a).

  • Lead Securitization Date means the closing date of the Lead Securitization.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Term SOFR Advance means an Advance denominated in Dollars which, except as otherwise provided in Section 2.11, bears interest at the Adjusted Term SOFR Rate.

  • Servicing Advance Reimbursement Amounts As defined in Section 3.22.

  • Collateral Enhancement Obligation means any warrant or equity security, excluding Exchanged Equity Securities, but including without limitation, warrants relating to Mezzanine Obligations and any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of a Collateral Debt Obligation; or any warrant or equity security purchased as part of a unit with a Collateral Debt Obligation (but in all cases, excluding, for the avoidance of doubt, the Collateral Debt Obligation), in each case, the acquisition of which will not result in the imposition of any present or future, actual or contingent liabilities or obligations on the Issuer other than those which may arise at its option; provided that no Collateral Enhancement Obligation may be a Dutch Ineligible Security.

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.

  • Replacement Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Master Servicer Prepayment Charge Payment Amount The amounts payable by the Master Servicer pursuant to Section 2.03(b) in respect of any waived (or, with respect to subsequent changes of law, any unenforceable) Prepayment Charges.

  • Provider Advance means a Downgrade Advance or a Non-Extension Advance.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.