Defaulted Portfolio Collateral definition

Defaulted Portfolio Collateral means all Defaulted Portfolio Assets held by the Issuer from time to time.
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Defaulted Portfolio Collateral means any item of Portfolio Collateral:
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Defaulted Portfolio Collateral means any Collateral Debt Security:
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Examples of Defaulted Portfolio Collateral in a sentence

  • More specifically, the Collateral Manager may direct the disposition of Portfolio Collateral that meets the definition of Defaulted Portfolio Collateral, Equity Portfolio Collateral, and, subject to satisfaction of the conditions set forth herein, Credit Risk Portfolio Collateral or Appreciated Portfolio Collateral.

  • Additional hours or overtime, including additional shifts, immediately prior to or following an Employee's regular shift shall be paid the shift differential, if any, applicable to their regular shift that day.

  • An amount equal to the product of (i) the greater of (A) one minus (the weighted average Market Value (expressed as a percentage) of the CCC+/Caa1 Portfolio Collateral (excluding Defaulted Portfolio Collateral)) and (B) 30% and (ii) the CCC/Caa Excess.

  • Any item of Portfolio Collateral (other than an item of Defaulted Portfolio Collateral) which, in the Collateral Manager’s sole judgment (which judgment shall not be questioned as a result of subsequent events), is likely to decline in credit quality and, with the passage of time, become Defaulted Portfolio Collateral or otherwise satisfies the Credit Risk Criteria.

  • Any item of Portfolio Collateral (other than an item of Defaulted Portfolio Collateral) which satisfies the Credit Risk Criteria or such other objective criteria as may be agreed upon by the Issuer and Moody’s and/or Standard & Poor’s.

  • Except after (i) the occurrence of an Event of Default, (ii) in the event of an Optional Redemption, Auction Call Redemption or Clean- up Call or (iii) with respect to "Defaulted Portfolio Collateral," "Equity Portfolio Collateral" or "Credit Risk Portfolio Collateral," but only if the conditions for sale described herein are satisfied, the Indenture provides that no Portfolio Collateral will be sold by the Issuer.

  • For any item of Defaulted Portfolio Collateral, an amount equal to the lesser of (a) the Market Value of such item of Defaulted Portfolio Collateral and (b) the Applicable Percentage for such item of Defaulted Portfolio Collateral multiplied by its Principal Balance.

  • Collateral Principal Collections shall include any other amounts not included in Collateral Interest Collections or Adjusted Collateral Interest Collections, including any payments received with respect to an item of Defaulted Portfolio Collateral up to, in the aggregate, the Principal Balance of such item of Defaulted Portfolio Collateral.

  • The proposed purchase of any Portfolio Collateral may not increase the Aggregate Principal Amount of Portfolio Collateral (excluding Defaulted Portfolio Collateral) with a Moody’s Rating of “Caa1” or below in the Trust Estate to more than 5% of the Aggregate Par Amount; provided, for this purpose, any item of Portfolio Collateral with a facility rating by Moody’s of “B3” which is on negative watch, will not be considered to have a Moody’s Rating of “Caa1” or below.

  • Any item of Portfolio Collateral (other than an item of Defaulted Portfolio Collateral) which, in the Collateral Manager’s sole judgment (which judgment shall not be questioned as a result of subsequent events), is likely to decline in credit quality and, with the passage of time, become Defaulted Portfolio Collateral.


More Definitions of Defaulted Portfolio Collateral

Defaulted Portfolio Collateral means any Portfolio Collateral:
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Related to Defaulted Portfolio Collateral

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • Swap Collateral means, at any time, any asset (including, without limitation, cash and/or securities) which is paid or transferred by a Swap Provider to the Guarantor (and not transferred back to the Swap Provider) as credit support to support the performance by such Swap Provider of its obligations under the relevant Swap Agreement together with any income or distributions received in respect of such asset and any equivalent of such asset into which such asset is transformed; for greater certainty, Contingent Collateral shall at all times be excluded from Swap Collateral;

  • Hedge Collateral Defined in Section 5.3(b).

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Current Asset Collateral means all the “ABL Priority Collateral” as defined in the ABL Intercreditor Agreement.

  • Collateral Portfolio means all right, title, and interest (whether now owned or hereafter acquired or arising, and wherever located) of the Borrower in the property identified below in clauses (i) through (iv) and all accounts, cash and currency, chattel paper, tangible chattel paper, electronic chattel paper, copyrights, copyright licenses, equipment, fixtures, contract rights, general intangibles, instruments, certificates of deposit, certificated securities, uncertificated securities, financial assets, securities entitlements, commercial tort claims, deposit accounts, inventory, investment property, letter-of-credit rights, software, supporting obligations, accessions, or other property consisting of, arising out of, or related to any of the following (in each case excluding the Retained Interest and the Excluded Amounts):

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

  • Threshold Event Collateral shall have the meaning assigned to such term in Section 5(g).

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • UCC Collateral is defined in Section 3.03.

  • Collateral Senior Additional Interest shall have the meaning specified in subsection 4.02(d).

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any security agreement, pledge agreement, assignment, mortgage, deed of trust or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Permitted Priority Liens means Liens permitted under any of the clauses (b), (c), (d), (e), (f) or (i) of Section 9.02.

  • Pledged Asset Loan Any Mortgage Loan supported by Pledged Assets or such other collateral, other than the related Mortgaged Property, set forth in the Series Supplement.

  • First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuer and its Restricted Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services in each case owing to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in clause (ii) or an Affiliate or Representative of such holder at the time of entry into such Hedging Obligations;

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Permitted Prior Liens means Permitted Liens described in clauses (c), (f), (g), (h), (j), (k) (to the extent permitted under the Control Agreements relating to the deposit accounts subject to the Permitted Liens described in clause (k)) and (m) of the defined term “Permitted Liens” and as set forth in the Schedule.

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Specified Asset as defined in subsection 4.2.2 hereof.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.