Defaulted Collateral Obligation definition

Defaulted Collateral Obligation means any Collateral Obligation as to which any one of the following events has occurred:
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Defaulted Collateral Obligation means in respect of a Loan or an Underlying Loan or Eligible Investment which is not a Current Pay Obligation but which is an Excess Current Pay Obligation, and in respect of which one or more of the following applies:
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Defaulted Collateral Obligation means any Collateral Obligation as to which any one of the following events has occurred: USActive 49316845.949316845.10
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Examples of Defaulted Collateral Obligation in a sentence

  • Notwithstanding anything above to the contrary, the Services Provider shall not dispute a Revaluation Event if such Revaluation Event is caused by the applicable Collateral Obligation becoming a Defaulted Collateral Obligation.

  • For the avoidance of doubt, any Excess Current Pay Obligation shall be treated as a Defaulted Collateral Obligation provided that it will not be considered to be a Defaulted Collateral Obligation if the Collateral Manager determines not to treat it as such and Rating Agency Affirmation is obtained with respect to such determination.

Related to Defaulted Collateral Obligation

  • Collateral Obligation means a Loan owned by the Borrower, excluding the Retained Interest thereon.

  • Schedule of Collateral Obligations means the list or lists of Collateral Obligations attached to each Asset Approval Request and each Reinvestment Request. Each such schedule shall identify the assets that will become Collateral Obligations, shall set forth such information with respect to each such Collateral Obligation as the Borrower or the Facility Agent may reasonably require and shall supplement any such schedules attached to previously-delivered Asset Approval Requests and Reinvestment Requests.

  • General obligation bonds means, collectively, the Limited Tax General Obligation Bonds and the Unlimited Tax General Obligation Bonds.

  • Defaulted Account means an Account in which there are Defaulted Receivables.