Designated Loan Assets definition
Designated Loan Assets means (i) all First Lien Loan Assets (including First Lien Broadly Syndicated Loan Assets) the Obligor of which is also an obligor under a working capital facility that is secured by priority Liens on certain current assets, including accounts receivable, and (ii) all Second Lien Loan Assets.
Examples of Designated Loan Assets in a sentence
It is understood and agreed that Schedules A and B reflect certain matters as of the Cut-Off Date and that, as of the Closing Date, the right, title and interest of the Seller in and to the Designated Loan Assets and the Designated REO Assets will, subject to the terms of this Agreement, be different from that existing on the Cut-Off Date.