Electronic Vault System definition

Electronic Vault System means the electronic vault system provided by the Electronic Vault Provider pursuant to the Electronic Vault Services Agreement or such other electronic system provider as may be mutually agreed upon by the Borrower, Regional Management and the Administrative Agent (with the written consent of the Required Lenders) that enables electronic contracting.
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Electronic Vault System means the electronic vault system with characteristics reasonably acceptable to the Administrative Agent provided by the Electronic Vault Provider pursuant to the Electronic Vault Services Agreement that enables electronic contracting. "Eligible Assignee" means (i) Mizuho Bank, Ltd., (ii) any other Committed Lender, (iii) a multi-seller commercial asset-backed paper conduit that is administered by a Lender, an Agent or the Administrative Agent or an Affiliate of any of them and the commercial paper notes of which are rated at least "A-1" by Standard & Poor's and "Prime-1" by Xxxxx'x, (iv) any other Person that is acceptable to the Agent related to the portion of the Commitment being assigned and with respect to which the Borrower has consented to in writing prior to such assignment (such consent of the Borrower not to be unreasonably withheld); provided, that no such consent of the Borrower shall be required during the occurrence and continuation of a Servicer Termination Event or Termination Event. "Eligible Pool Balance" means, as of any date of determination, the sum of the Adjusted Principal Balances of all Eligible Receivables as of such date. "Eligible Receivable" means, as of any date of determination, any Receivable (i) for which the related Receivable File is in the possession or "control" (within the meaning of Section 9-105 of the UCC as then in effect in the relevant State) of the Collateral Custodian, (ii) which is identified on the Schedule of Receivables delivered by the Borrower to the Administrative Agent as part of a Funding Request and (iii) which satisfies each of the eligibility requirements set forth on Schedule B hereto, in each case as of such date of determination. "ERISA" means the Employee Retirement Income Security Act of 1974, and the regulations promulgated and rulings issued thereunder. "ERISA Affiliate" means (i) any corporation which is a member of the same controlled group of corporations (within the meaning of Section 414(b) of the Code) as the Borrower, (ii) a trade or business (whether or not incorporated) under common control (within the meaning of Section 414(c) of the Code) with the Borrower, or (iii) a member of the same affiliated service
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Electronic Vault System means the electronic vault system with characteristics acceptable to the Administrative Agent provided by the Electronic Vault Provider pursuant to the Electronic Vault Services Agreement that enables electronic contracting. “Eligible Assignee” means (a) prior to the occurrence of an Event of Default or a Facility Amortization Event, a Person (i) who is either an Affiliate of a Lender or the Administrative Agent or a commercial paper conduit that is administered by a Lender or the Administrative Agent or an Affiliate thereof or to whom a Lender or the Administrative Agent provides liquidity support, credit enhancement or other similar support (provided, that the prior consent of the Borrower shall be required if such transfer would result in an increase the interest rate payable by the Borrower) or (ii) who has been consented to by the Borrower, which consent shall not be unreasonably withheld, delayed or conditioned and (b) upon or after the occurrence of an Event of Default or a Facility Amortization Event, any Person. “Eligible Pool Balance” means, as of any date of determination, (i) the sum of (a) the aggregate Eligible Receivables Principal Balance as of the most recent Determination Date (or as of such date of determination if such date is a Determination Date) and (b) without duplication, the aggregate Eligible Receivables Principal Balance of the Eligible Receivables added to the Collateral during the period commencing on the Determination Date referred to in clause (a) above and ending on such date of determination, as of the related Cutoff Dates, minus (ii) any Excess Concentration Amounts as of such date of determination, minus (iii) the aggregate Principal Balance of all Eligible Receivables that are Delinquent Receivables (61+ Days) as of the most recent Determination Date (or as of such date of determination if such date is a Determination Date), minus (iv) the aggregate Principal Balance of all Receivables that were determined to be Ineligible Receivables at any time during the period commencing on the most recent Determination Date and ending on such date of determination, minus (v) the aggregate Principal Balance of all Eligible Receivables that became Terminated Receivables during the period commencing on the most recent Determination Date and ending on such date of determination. “Eligible Receivable” has the meaning assigned thereto in Schedule B hereto. “Eligible Receivables Principal Balance” means, on any date of determination, the ...
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Examples of Electronic Vault System in a sentence

  • Electronic Vault System and Electronic Collateral Control Agreement.80 ARTICLE FOUR CONDITIONS OF CLOSING AND THE LOANS 83 Section 4.01.

  • Electronic Vault System and Electronic Collateral Control Agreement.


More Definitions of Electronic Vault System

Electronic Vault System means the electronic vault system with characteristics reasonably acceptable to the Administrative Agent provided by the Electronic Vault Provider pursuant to the Electronic Vault Services Agreement that enables electronic contracting." "'Fully Hedged' means a condition that exists as of any date of determination if the aggregate notional amount under all Hedge Transactions as of such date is at least equal to 100% of the Loans Outstanding as of such date (after giving effect to any changes to the Loans Outstanding on such date)." "'Hedge Reserve Account' means a segregated account established by the initial Servicer, on behalf of the Borrower, with the Account Bank in the name of the Administrative Agent for the benefit of the Secured Parties, into which amounts may be deposited by the Borrower in accordance with Section 6.03(a) and which, at all times from and after the time of its establishment, will be subject to the Control Agreement" "'Hedge Reserve Account Required Amount' means, as of any date of determination on which the aggregate notional amount of all outstanding Hedge Transactions is less than the Loans Outstanding (after giving effect to any changes to the Loans Outstanding on such date), an amount equal to the product of (i) 110% times (ii) the quoted purchase price from any Lender, any Agent, or any Affiliate of any Lender or Agent (which price shall be reasonably determined based on prevailing market conditions and such Lender or Agent's pricing of caps of a similar size, duration and cap rate) most recently received by the Borrower (or the Servicer on behalf of the Borrower) pursuant to Section 6.03(a)(ii) hereof (which quote shall, for purpose of this definition, continue in effect until the next succeeding date on which such a quote is received pursuant to Section 6.03(a)(ii) hereof), for an interest rate cap (A) that has a notional amount, duration, and amortization that is agreed upon by the Borrower and the Administrative Agent for such date and (B) the cap rate for which is the maximum cap rate that would cause the Excess Spread to equal the 'Average Target Rate' if a Hedge Transaction in the form of an interest rate cap having such strike rate and having the notional amount referenced in clause (A) was included in the calculation of 'Weighted Average Hedge Rate' on such date. For purposes of this definition, the 'Average Target Rate' as of any date of determination is the weighted average Target Rate of all Eligible Receivables (we...
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Electronic Vault System means the electronic vault system provided by the Electronic Vault Provider pursuant to the Electronic Vault Services Agreement or such other electronic system provider as may be mutually agreed upon by the Borrower, Regional
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Related to Electronic Vault System

  • Electronic cigarette means any oral device that provides a vapor of liquid nicotine, lobelia, and/or other similar substance, and the use or inhalation of which simulates smoking. The term shall include any such devices, whether they are manufactured, distributed, marketed, or sold as e-cigarettes, e-cigars, e-pipes, or under another product name or descriptor.

  • Electronic smoking device means any product containing or delivering nicotine or any other substance intended for human consumption that can be used by a person in any manner for the purpose of inhaling vapor or aerosol from the product. The term includes any such device, whether manufactured, distributed, marketed, or sold as an e-cigarette, e-cigar, e-pipe, e-hookah, or vape pen, or under any other product name or descriptor.

  • Electronic agent means a computer program or an electronic or other automated means used independently to initiate an action or respond to electronic records or performances in whole or in part, without review or action by an individual.

  • Electronic means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities.

  • electronic communications network means transmission systems and, where applicable, switching or routing equipment and other resources, including network elements which are not active, which permit the conveyance of signals by wire, radio, optical or other electromagnetic means, including satellite networks, fixed (circuit and packet-switched, including Internet) and mobile terrestrial networks, electricity cable systems, to the extent that they are used for the purpose of transmitting signals, networks used for radio and television broadcasting, and cable television networks, irrespective of the type of information conveyed;

  • Electronic PHI means PHI created, received, maintained or transmitted electronically in accordance with 45 CFR § 160.103.

  • Electronic act means the creation or transmission originated on or off the schoolsite, by means of an electronic device, including, but not limited to, a telephone, wireless telephone, or other wireless communication device, computer, or pager, of a communication, including, but not limited to, any of the following: