Collateral Manager Breaches definition

Collateral Manager Breaches shall have the meaning set forth in Section 10(a).
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Collateral Manager Breaches shall have the meaning set forth in Section 10(a). “Collateral Manager Debt” shall mean any Debt owned by the Collateral Manager, an Affiliate thereof, or any account, fund, client or portfolio established and controlled by the Collateral Manager or an Affiliate thereof or for which the Collateral Manager or an Affiliate thereof acts as the investment adviser or with respect to which the Collateral Manager or an Affiliate thereof exercises discretionary control thereover; provided that Collateral Manager Debt shall not include any Debt held by an entity managed by the Collateral Manager, the Sub-Advisor or an Affiliate thereof if such entity has retained discretionary voting authority over matters in connection with which Collateral Manager Debt would be disregarded for purposes of determining whether the holders of the requisite Aggregate Outstanding Amount of Debt have given any request, demand, authorization, direction, notice, consent or waiver under the Indenture or this Agreement. “Collateral Manager Offering Circular Information” shall mean the information in the Final Offering Circular set forth under the headings "Risk Factors—Relating to the Collateral Manager," "Risk Factors—Relating to Certain Conflicts of Interest—Certain Conflicts of Interest Relating to the Collateral Manager and its Affiliates," "The EU/UK Risk Retention Requirements and Transparency Requirements—Description of the EU/UK Retention Holder" and "The EU/UK Risk Retention Requirements and Transparency Requirements—Origination of Collateral Obligations," "The Collateral Manager and the Sub-Advisor". “Expenses” shall have the meaning set forth in Section 10(b). “Fee Basis Amount” shall mean, as of any date of determination, the sum of (i) the Collateral Principal Amount, (ii) the Aggregate Principal Balance of all Defaulted Obligations and
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Collateral Manager Breaches shall have the meaning set forth in Section 10(a). “Collateral Manager Information” shall mean the information in the Final Offering Circular set forth under the headings “Base Offering Circular—Risk Factors—Relating to the Collateral Manager” (including the subsections thereunder) and “Term Sheet—Certain Transaction Parties—The Collateral Manager”. “Collateral Manager Parties” shall have the meaning set forth in Section 10(a). “Collateral Manager Standard” shall have the meaning set forth in Section 2(a). “Cumulative Deferred Senior Servicing Fee” shall have the meaning set forth in Section 8(e). 2 “Cumulative Deferred Subordinated Servicing Fee” shall have the meaning set forth in Section 8(e). “Current Deferred Senior Servicing Fee” shall have the meaning set forth in Section 8(e). “Current Deferred Servicing Fees” shall have the meaning set forth in Section 8(e). “Current Deferred Subordinated Servicing Fee” shall have the meaning set forth in Section 8(e). “Expenses” shall mean losses, claims, damages, judgments, assessments, costs or other liabilities, together with reasonable fees and expenses (including reasonable fees and expenses of counsel). “Final Offering Circular” shall mean the offering circular, dated May 7, 2019, with respect to the Notes. “Indemnified Party” shall have the meaning set forth in Section 10(c). “Indemnifying Party” shall have the meaning set forth in Section 10(c). “Indenture” shall have the meaning set forth in the recitals hereto. “Instrument of Acceptance” shall have the meaning set forth in Section 12(c). “Issuer” shall have the meaning set forth in the preamble. “MassMutual” shall mean Massachusetts Mutual Life Insurance Company. “Organizational Instruments” shall mean the memorandum and articles of association or certificate of incorporation and bylaws (or the comparable documents for the applicable jurisdiction), in the case of a corporation, or the partnership agreement, in the case of a partnership, or the certificate of formation and limited liability company agreement (or the comparable documents for the applicable jurisdiction), in the case of a limited liability company. “Private Placement” shall have the meaning set forth in Section 5(b). “Proceedings” shall have the meaning set forth in Section 22. “Qualifying Affiliate” shall mean an Affiliate of the Collateral Manager that: (i) employs principal investment professionals which manage non-investment grade loans and that are actively involved in the servicing o...
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Examples of Collateral Manager Breaches in a sentence

  • The matters described in clauses (i) and (ii) above being referred to herein as "Collateral Manager Breaches".

  • The matters described in (i) and (ii) in the preceding sentence are collectively referred to for purposes of this paragraph 10 as "Collateral Manager Breaches".

  • The Collateral Manager shall indemnify the Issuer in respect of Collateral Manager Breaches subject to and in accordance with the Collateral Management Agreement.


More Definitions of Collateral Manager Breaches

Collateral Manager Breaches shall have the meaning set forth in Section 10(a). “Collateral Manager Information” shall mean the information in the Offering Circular set forth under the headings “Risk Factors—Relating to the Collateral Manager and its Affiliates”, “Risk Factors— Relating to Certain Conflicts of Interest—The Issuer will be subject to various conflicts of interest involving the Collateral Manager and its Affiliates”, “The Collateral Manager” and “The EU/UK Retention Holder and the EU/UK Retention and Transparency Requirements—Description of the EU/UK Retention Holder” (including any amendment or supplement to such information approved by the Collateral Manager that is contained in any amendment or supplement to the Final Offering Circular). “Collateral Manager Parties” shall have the meaning set forth in Section 10(a). “Collateral Manager Standard” shall have the meaning set forth in Section 2(a). “Collateral Trustee” shall have the meaning set forth in the recitals hereto.
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Collateral Manager Breaches has the meaning specified in Section 5(c).
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Related to Collateral Manager Breaches

  • Collateral Manager means such successor Person.

  • 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.

  • Servicer Default means an event specified in Section 8.01.

  • Collateral Management Fee The fee payable to the Collateral Manager in arrears on each Payment Date pursuant to Section 8(a) of the Collateral Management Agreement and Section 11.1 hereof, comprised of (x) the Base Management Fee and (y) the Subordinated Management Fee.

  • Customer Default has the meaning set out in clause 8.3.

  • Master Servicer Event of Default One or more of the events described in Section 7.01.

  • Master Servicer Termination Test With respect to any Distribution Date, the Master Servicer Termination Test will be failed if the Cumulative Loss Percentage exceeds 4.00%.

  • Mobile Banking Service means the EB Services which we enable you to access via the Mobile Banking App or a web browser designed for use on a Mobile Device; and

  • Permitted Special Servicer/Affiliate Fees Any commercially reasonable treasury management fees, banking fees, title insurance and/or other insurance commissions and fees, title agency fees, and appraisal review fees received or retained by the Special Servicer or any of its Affiliates in connection with any services performed by such party with respect to any Serviced Loan or REO Property, in each case, in accordance with Article III of this Agreement.

  • Mortgage Loan Event of Default means an “Event of Default” under and as defined in the Mortgage Loan Agreement.

  • Servicer Termination Test With respect to any Distribution Date, the Servicer will fail the Servicer Termination Test if the Realized Loss Percentage for the Mortgage Loans exceeds the applicable percentages set forth below with respect to such Distribution Date: January 2006 through December 2007 2.75% January 2008 through December 2008 3.25% January 2009 through December 2009 3.75% January 2010 and thereafter 4.50%

  • Servicing Default The meaning assigned in Section 6.01 of the Servicing Agreement.

  • Special Servicer Termination Event shall have the meaning given to such term in the Lead Securitization Servicing Agreement.

  • Bed and breakfast establishment means any establishment (i) having no more than 15 bedrooms;

  • Servicer Event of Default One or more of the events described in Section 7.01.

  • Material Default means a material breach of this Framework Agreement and/or, breach by the Supplier of any of the following Clauses: Clause 8 (Warranties and Representations), Clause 9 (Prevention of Bribery and Corruption), Clause 13 (Statutory Requirements and Standards), Clause 14 (Non-Discrimination), Clause 15 (Provision of Management Information), Clause 16 (Management Charge), Clause 17 (Records and Audit Access), Clause 22 (Data Protection), Clause 23 (Freedom of Information) and Clause 31 (Transfer & Sub-contracting);

  • Special Default means (i) the failure by Owner to pay any amount of principal of or interest on any Equipment Note when due or (ii) the occurrence of any Default or Event of Default referred to in Section 5.01(v), (vi) or (vii).

  • B-BBEE means broad-based black economic empowerment as defined in section 1 of the Broad-Based Black Economic Empowerment Act;

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • trade effluent means any liquid either with or without particles of matter in suspension therein which is wholly or in part produced in the course of any trade or industry carried on at the trade premises, and in relation to any trade premises means any such liquid as aforesaid which is so produced in the course of any trade or industry carried on at those premises, but does not include domestic sewage;

  • Animal control officer means any person employed by a city, county, or city and county for the purpose of enforcing animal control laws or regulations.

  • Lease Event of Default shall have the meaning specified in Section 17.1 of the Lease.

  • Benchmark Transition Event means the occurrence of one or more of the following events with respect to the then-current Benchmark:

  • Master Servicer Event of Termination As defined in Section 7.01 hereof.

  • Actionable Default means (i) an Event of Default under and as defined by the Credit Facility Agreement or (ii) an event of default under the Public Indenture.

  • SOFR Benchmark Transition Event means the occurrence of a Benchmark Transition Event with respect to the then-current Benchmark;