Defaulted Collateral Obligation definition
Defaulted Collateral Obligation means any Collateral Obligation as to which any one of the following events has occurred:
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:
Defaulted Collateral Obligation means any Collateral Obligation as to which any one of the following events has occurred: USActive 49316845.949316845.10
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.