Collateral Manager Termination Event definition
Collateral Manager Termination Event. The occurrence of any one of the following:
Collateral Manager Termination Event means the occurrence of any of the events, acts or circumstances set forth in Section 6.03.
Collateral Manager Termination Event wherever used herein, means any one of the following events (whatever the reason for such Collateral Manager Termination Event and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):
Examples of Collateral Manager Termination Event in a sentence
The Collateral Manager shall notify the Trustee, the Note Administrator, the Rating Agencies, the Servicer, the Special Servicer and the Issuer in writing promptly upon becoming aware of any event that constitutes a Collateral Manager Termination Event.
More Definitions of Collateral Manager Termination Event
Collateral Manager Termination Event. As defined in Section 7.10.
Collateral Manager Termination Event means (a) the resignation, removal or termination of the Collateral Manager under the Collateral Management Agreement at any time for any reason; or (b) any event shall occur that shall permit the Collateral Manager to be replaced pursuant to the Collateral Management Agreement; or (c) or Collateral Management Agreement expires, is terminated or otherwise for any reason ceases to be in full force and effect.
Collateral Manager Termination Event means the occurrence of any one or more of the following events:
Collateral Manager Termination Event has the meaning assigned to that term in Section 6.12. “Collateral Manager Termination Notice” has the meaning assigned to that term in Section 6.12. “Collateral Portfolio” means all right, title, and interest (whether now owned or hereafter acquired or arising, and wherever located) in all accounts, money, chattel paper, equipment, fixtures, documents, general intangibles, instruments, goods, commercial tort claims, deposit accounts, investment property (including certificated securities, uncertificated securities, financial assets and securities entitlements), letter-of-credit rights, supporting obligations (as such terms are defined in the UCC), contract rights, software and other property of the Borrower, including all rights, title and interest in and consisting of, arising out of, or related to any of the following (in each case excluding the Retained Interest and the Excluded Amounts):
Collateral Manager Termination Event hereunder:
Collateral Manager Termination Event. The occurrence of any one of the following: (a) any failure by the Collateral Manager to make any payment, transfer or deposit into the Collection Account as required by this Agreement, which failure continues unremedied for a period of three (3) Business Days after the Collateral Manager receives written notice or has actual knowledge of such failure; (b) any failure on the part of the Collateral Manager duly to observe or perform in any material respect any material covenants or agreements of the Collateral Manager set forth in any Transaction Document to which the Collateral Manager is a party (including any material delegation of the Collateral Manager’s duties in contravention of the terms hereof) and the same continues unremedied, to the extent capable of being cured, for a period of ten (10) days (if such failure can be remedied) after the earlier to occur of (i) the date on which written notice of such failure shall have been given to the Collateral Manager and (ii) the date on which the Collateral Manager acquires knowledge thereof; (c) the failure of the Collateral Manager to make any payment when due (after giving effect to any related grace period) with respect to any recourse debt or other obligations for borrowed money, which debt or other obligations are in excess of the Threshold in the aggregate, and such amounts remain unpaid for five (5) Business Days after the occurrence of such failure to pay, unless such failure is waived pursuant to the related agreement, or the occurrence of any event or condition that has resulted in the acceleration of such recourse debt or other obligations for borrowed money, whether or not waived; (d) an Insolvency Event shall occur with respect to the Collateral Manager; -15- [Willow Tree BDC] Amended and Restated Loan, Security and Collateral Management Agreement #506694681
Collateral Manager Termination Event means the occurrence of any of the events, acts or circumstances set forth in Section 6.03. “Collateral Manager’s Certificate” has the meaning assigned to such term in Section 5.03(j)(i).