Elevation Date definition

Elevation Date means, with respect to each Closing Date Participation, the date of its Elevation.

Elevation Date has the meaning specified in Section 15.1.

Elevation Date has the meaning specified in the Recitals.

Examples of Elevation Date in a sentence

• After the Settlement Date, the Issuer shall record in the Issuer’s books and records that fact that the Issuer is the beneficial owner of the Transferred Assets and, after the relevant Elevation Date with respect to any Transferred Asset, the Issuer shall record in the Issuer’s books and records the fact that the Issuer is the record owner and beneficial owner of such Transferred Asset.

• Until the Elevation Date, Seller shall hold title to the Loans for the benefit of Buyer to the extent of the Participation.

• Upon the Elevation Date, to the extent of such Elevation, (i) Buyer shall assume all of the Assumed Obligations, (ii) Seller shall have no further responsibility in respect of such Assumed Obligations and (iii) this Agreement shall terminate except as provided in the last sentence of Section 16.

• The Transferee shall pay any elevation fees, transfer fees and other expenses payable in connection with an Elevation and any expenses of administering each Participated Loan prior to its Elevation Date.

• If the Roll-Up Loan Elevation Date has not otherwise occurred immediately prior to the Plan Effective Date, the Roll-Up Loan Elevation Date shall be deemed to have occurred at such time for all purposes automatically without further action of any party.

More Definitions of Elevation Date

Elevation Date means the date on which an Elevation occurs with respect to a Transferor Participation Interest pursuant to the Purchase and Sale Agreement.

Elevation Date has the meaning set forth in Section 2.4(a).

Elevation Date. For each Collateral Obligation in which a Closing Date Participation Interest is granted pursuant to a Master Participation Agreement, the date on which the assignment of such Collateral Obligation to the Issuer has become effective and such Collateral Obligation becomes legally owned by the Issuer.

Elevation Date. With respect to each Loan in which an Eligible Participation Interest is granted under to the Borrower, the date on which the legal assignment thereof to the Borrower pursuant to the applicable Underlying Instrument has become effective and such Loan has settled into the Borrower.

Elevation Date means the date on which an Elevation occurs with respect to a Transferor Participation Interest pursuant to the applicable Purchase and Sale Agreement. "Eligibility Criteria" means the criteria set forth in Schedule II hereto.

Elevation Date. The date on which an Elevation occurs with respect to a Closing Date Participation Interest. “Eligible Loan”: Each Loan (A) for which the Administrative Agent and the Collateral Custodian have received (or, in accordance with clause (b) of the definition of “Required Loan Documents”, the Collateral Custodian will receive) the related Required Loan Documents; (B) that has been approved by the Administrative Agent in its sole discretion on or prior to the date of the related Transaction; and (C) that satisfies each of the following eligibility requirements (unless the Administrative Agent in its sole discretion agrees to waive any such eligibility requirement with respect to such Loan): (a) such Loan is a First Lien Loan, a Recurring Revenue Loan, a First Lien Last Out Loan or a Second Lien Loan;

Elevation Date. The meaning set forth in Exhibit A.