Collateral Test Date definition

Collateral Test Date means, in respect of a Collateral Pool, the Issue Date of the relevant series of Collateralised Securities which are secured by such Collateral Pool and each Collateral Periodic Test Date falling in the period from, but excluding, the Issue Date of such Collateralised Securities and ending on, and including, the final Valuation Date or other date on which the Calculation Agent is required to determine the price or level of a Reference Item for the purposes of General Condition §1 of such Collateralised Securities (or, if the Collateralised Securities are not linked to a Reference Item, the second Business Day preceding the Settlement Date).
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Collateral Test Date shall have the meaning assigned to it in Part I of Schedule 1 attached to the Buildings 1&2 Lease and to the Buildings 1&2 Pledge ---------- Agreement.
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Collateral Test Date means (a) each Scheduled Collateral Test Date and (b) the date any Engine Maintenance Agreement (as defined in the Indenture) is terminated, materially modified in a manner that would adversely affect the Adjusted Fair Market Value of the relevant Aircraft, or the Company defaults in the payment of any amounts payable by it thereunder (and any relevant cure or grace period has expired), the result of which is to permit the relevant maintenance provider to terminate such Engine Maintenance Agreement.
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Examples of Collateral Test Date in a sentence

  • No later than five Business Days prior to any Failed Collateral Test Date, NAI shall notify Agent, BNPLC and the Participants of the conditions set forth in Part III of Schedule 1 that NAI will be unable to satisfy on the Failed Collateral Test Date.

  • Accordingly, and because a new Base Rent Period will begin on the ---------- first Business Day of the first calendar month following any Failed Collateral Test Date as provided in subparagraph 3(c)(ii)a) of the Land Lease, Extreme ----------------------- shall be required by Section 5.1 to deliver additional Collateral on the first Business Day of the first calendar month after any Failed Collateral Test Date.

  • This Collateral Test Certificate makes reference to the Collateral Test Date occurring on [May 15] / [November 15], 202[_] (the “Relevant Collateral Test Date”), and the calculations below are made (if applicable, on a pro forma basis in accordance with the terms of the Trust Indenture) on and as of the date hereof by reference to such Relevant Collateral Test Date and the Appraisals (and Maintenance Reports, if any) described on Schedule 1 hereto.

  • Accordingly, and because a new Base Rent Period will begin on the ---------- first Business Day of the first calendar month following any Failed Collateral Test Date as provided in subparagraph 3(c)(ii)a) of the Improvements Lease, ----------------------- Extreme shall be required by Section 5.1 to deliver additional Collateral on the first Business Day of the first calendar month after any Failed Collateral Test Date.

  • As further calculated below, [no Collateral Trigger Event has occurred and is continuing with respect to the Relevant Collateral Test Date]4 / [a Collateral Trigger Event has occurred and is continuing with respect to the Relevant Collateral Test Date for the following Collateral Groups: [list applicable Collateral Groups]]5.


More Definitions of Collateral Test Date

Collateral Test Date is defined in Section 2.1(a) of the Collateral Maintenance Annex.
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Collateral Test Date means [each Collateral Business Day from and including the Issue Date to but excluding the Maturity Date] [specify other].” - The paragraph defining the haircut is modified as follows with the provisions added underlined in red and deleted in green as follows page 26:[Where Haircut 1 is applicable Haircut 1: 0%][Haircut 2Where Haircut 2 is applicable: in respect of an equity security comprised in one of the following indices: S&P 500, EUROSTOXX 600, NIKKEI 225, HK Index, Korean Index, 0%; and in respect of any other equity security, 25%.][Haircut 3Where Haircut 3 is applicable: in respect of an equity security or bond with a rating higher than B- by Standard & Poor’s Rating Services, a division of S&P Global Inc. (S&P) (or by Moody’s Investors Service (Moody’s), 0%; in respect of a mutual fund share, 10%, or in respect of an asset backed security (ABS) or a hedge fund share, 20%)]- The definition of “Notes Market Value Test” and of “Fiduciary Securities Value Test” page 26 are modified where provisions underlined in red below are added as follows:
Sample 1
Collateral Test Date means, in respect of a Collateral Pool, the Issue Date of the relevant series of Collateralised Securities which are secured by such Collateral Pool and each Collateral Periodic Test Date falling in the period from, but excluding, the Issue Date of such Collateralised Securities and ending on, and including, the final
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Collateral Test Date shall have the meaning assigned to it in Part I of Schedule 1 attached to the Land Lease and to the Land Pledge Agreement. ----------
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Related to Collateral Test Date

  • Collateral Deficiency Amount With respect to any AB Modified Loan as of any date of determination, the excess of (i) the Stated Principal Balance of such AB Modified Loan (taking into account the related junior note(s) included therein), over (ii) the sum of (in the case of a Loan Combination, solely to the extent allocable to the subject Mortgage Loan) (x) the most recent Appraised Value for the related Mortgaged Property or Mortgaged Properties, plus (y) solely to the extent not reflected or taken into account in such Appraised Value and to the extent on deposit with, or otherwise under the control of, the lender as of the date of such determination, any capital or additional collateral contributed by the related Mortgagor at the time the Mortgage Loan became (and as part of the modification related to) such AB Modified Loan for the benefit of the related Mortgaged Property or Mortgaged Properties (provided, that in the case of an Outside Serviced Mortgage Loan, the amounts set forth in this clause (y) will be taken into account solely to the extent relevant information is received by the Special Servicer), plus (z) any other escrows or reserves (in addition to any amounts set forth in the immediately preceding clause (y)) held by the lender in respect of such AB Modified Loan as of the date of such determination. The Certificate Administrator, the Master Servicer and the Operating Advisor (other than with respect to any Collateral Deficiency Amount calculations that the Operating Advisor is required to review, recalculate and/or verify pursuant to Section 3.29) shall be entitled to conclusively rely on the Special Servicer’s calculation or determination of any Collateral Deficiency Amount.

  • LCT Test Date shall have the meaning provided in Section 1.12(b).

  • Cash Interest Coverage Ratio With respect to any Loan for any Relevant Test Period, either (a) the meaning of “Cash Interest Coverage Ratio” or comparable definition set forth in the Underlying Instruments for such Loan, or (b) in the case of any Loan with respect to which the related Underlying Instruments do not include a definition of “Cash Interest Coverage Ratio” or comparable definition, the ratio of (i) EBITDA to (ii) Cash Interest Expense of such Obligor with respect to the applicable Relevant Test Period, as calculated by the Borrower and Collateral Manager in good faith.

  • Minimum Collateral Amount means, at any time, (i) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 103 % of the Fronting Exposure of all LC Issuing Banks with respect to Letters of Credit issued and outstanding at such time and (ii) otherwise, an amount determined by the Administrative Agent and the LC Issuing Banks in their sole discretion.