Delinquent obligation definition
Delinquent obligation means statutory impositions included in the
Delinquent obligation. A Collateral Obligation that is more than 45 days delinquent in payment (taking into account any waivers or modifications granted on such Loan).
Delinquent obligation has the meaning ascribed to it in Section 13.4.
More Definitions of Delinquent obligation
Delinquent obligation means statutory impositions included in the tax bill that are not paid by the due date, plus interest and costs that may accrue in accordance with law.
Delinquent obligation means a Collateral Debt Obligation (other than a Charged-Off Obligation) in the Collateral as to which both of the following have occurred and are continuing:
Delinquent obligation means a Collateral Debt Obligation (that is not a Charged-Off Obligation or a Current Pay Obligation) in the Assets as to which there has occurred one or more of the following: