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

  • 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 commercial loan or participation interest therein or bond 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.

  • Defaulted Mortgage Loan means the Mortgage Loan in the event that the Mortgage Loan is delinquent at least 60 days in respect of its Monthly Payments or more than 60 days in respect of its balloon payment, in either case to be determined without giving effect to any grace period permitted by the Mortgage Loan Documents and without regard to any acceleration of payments under the Mortgage Loan Documents.

  • Attributable Receivables Indebtedness means, at any time, the principal amount of Indebtedness which (i) if a Permitted Receivables Facility is structured as a lending agreement or other similar agreement, constitutes the principal amount of such Indebtedness or (ii) if a Permitted Receivables Facility is structured as a purchase agreement or other similar agreement, would be outstanding at such time under the Permitted Receivables Facility if the same were structured as a lending agreement rather than a purchase agreement or such other similar agreement (whether such amount is described as “capital” or otherwise).