Eligible Collateral Assets definition

Eligible Collateral Assets means as of the Cutoff Date, all 2016-2 Lease Agreements and the related 2016-2 Leased Vehicles that (i) satisfy the respective criteria on Exhibit A to this Appendix 1, and (ii) are not (and are not 2016-2 Leased Vehicles leased under) Delinquent Leases, Defaulted Leases, Matured Leases, Terminated Leases or 2016-2 Lease Agreements that the Servicer is required to have reallocated from the 2016-2 Designated Pool pursuant to Section 2.5 of the 2016-2 Servicing Supplement but has not so reallocated.

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Eligible Collateral Assets means Cash and securities which satisfy all of the Eligibility Criteria applicable to an Eligibility Set. Securities which satisfy all of the Eligibility Criteria that are specified to be applicable to an Eligibility Set will be Eligible Collateral Assets notwithstanding that such assets do not satisfy the Eligibility Criteria applicable to another Eligibility Set.

Eligible Collateral Assets means any of the following:

Examples of Eligible Collateral Assets in a sentence

Notwithstanding Section 7.07, the Borrower Parent may at its option, but shall not in any way be obligated to, contribute Eligible Collateral Assets, Cash or Cash Equivalents at any time to the Borrower to cure a Borrowing Base Deficiency or for any other reason.
All Collateral Assets included as Eligible Collateral Assets in the Borrowing Base as of such date are Eligible Collateral Assets.
As of any date of determination, if the Eligible Collateral Assets, taken as a whole, do not satisfy the Portfolio Criteria, Eligible Collateral Assets or a portion thereof (the “Non-Qualifying Assets”) will be excluded from such determination to the extent necessary to cause the remaining Eligible Collateral Assets to satisfy the Portfolio Criteria.
Any excess of Eligible Collateral Assets deemed to be included in the CCC Excess will be selected on the same basis as Non-Qualifying Assets.
The Non-Qualifying Assets will be selected on the basis of, for purposes of determining the Borrowing Base, the lowest Assigned Value Percentage; provided that if two or more Eligible Collateral Assets have the same Assigned Value Percentage, the Eligible Collateral Asset that would (if it were not a Non-Qualifying Asset) have the lower Advance Rate will be selected for inclusion in the Non-Qualifying Assets.

More Definitions of Eligible Collateral Assets

Eligible Collateral Assets means the securities which:

Eligible Collateral Assets means, on any date of determination, all 20__-_ Lease Agreements and the related 20__-_ Leased Vehicles that [were allocated to the 20__-_ Designated Pool on the related Allocation Date and that] (i) satisfy the respective criteria on Exhibit A to this Appendix 1, and (ii) are not (and are not 20__-_ Leased Vehicles leased under) Delinquent Leases, Defaulted Leases, Matured Leases, Terminated Leases or 20__-_ Lease Agreements that the Servicer is required to have reallocated from the 20__-_ Designated Pool pursuant to Section 2.5 of the 20__-_ Servicing Supplement but has not so reallocated.

Eligible Collateral Assets means, on any date of determination, all 2024-2 Lease Agreements and the related 2024-2 Leased Vehicles that (i) satisfy the respective criteria on Exhibit A to this Appendix 1, and (ii) are not (and are not 2024-2 Leased Vehicles leased under) Delinquent Leases, Defaulted Leases, Matured Leases, Terminated Leases or 2024-2 Lease Agreements that the Servicer is required to have reallocated from the 2024-2 Designated Pool pursuant to Section 2.5 of the 2024-2 Servicing Supplement but has not so reallocated.

Eligible Collateral Assets means as of [the]/[each] Cutoff Date, all 20 - Lease Agreements and the related 20 - Leased Vehicles that [were allocated to the 20 - Designated Pool on the related Allocation Date and that] (i) individually satisfy the respective criteria on Exhibit X-1 to this Appendix 1, (ii) together with all other 20 - Lease Agreements and the related 20 - Leased Vehicles satisfy the respective criteria on Exhibit X-2 to this Appendix 1 and (iii) are not (and are not 20 - Leased Vehicles leased under) Delinquent Leases, Defaulted Leases, Matured Leases, Terminated Leases or 20 - Lease Agreements that the Servicer is required to have reallocated from the 20 - Designated Pool pursuant to Section 2.5 of the 20 - Servicing Supplement but has not so reallocated.

Eligible Collateral Assets means any Eligible Securities as defined in the Repurchase Service Agreement;

Eligible Collateral Assets means, on any date of determination, all 20 - Lease Agreements and the related 20 - Leased Vehicles that [were allocated to the 20 - Designated Pool on the related Allocation Date and that] (i) satisfy the respective criteria on Exhibit A to this Appendix 1, and (ii) are not (and are not 20 - Leased Vehicles leased under) Delinquent Leases, Defaulted Leases, Matured Leases, Terminated Leases or 20 - Lease Agreements that the Servicer is required to have reallocated from the 20 - Designated Pool pursuant to Section 2.5 of the 20 - Servicing Supplement but has not so reallocated.

Eligible Collateral Assets means any security which complies with the following: