Eligible Collateral Loan means, as of any date of determination, a Collateral Loan that meets each of the following criteria:

Eligible Collateral Loan means a Collateral Loan that (1) has been approved by the Administrative Agent prior to the acquisition thereof by the Borrower and (2) satisfies each of the following eligibility requirements on any date of determination (unless otherwise expressly waived by the Administrative Agent on a case-by-case basis):

Eligible Collateral Loan means a Collateral Loan that meets each of the following criteria:

Examples of Eligible Collateral Loan in a sentence

It shall not own or hold any Debt Instrument that prohibits either (a) if such Debt Instrument was previously owned or held by the Equityholder, the transfer of such Debt Instrument or the associated Eligible Collateral Loan from the Equityholder to Borrower or (b) the grant of a security interest by the Borrower to the Collateral Agent, for the benefit of the Secured Parties, in such Debt Instrument or the associated Eligible Collateral Loan.
The disbursement of Advances will be funded (i) in the event the proceeds of such Advance will be applied to the purchase or origination of an Eligible Collateral Loan on such date, as directed by the Borrower in writing and otherwise in accordance with Section 2.02(b) as if such funds were being withdrawn from the Pre-Funding Account, or (ii) otherwise, directly into the Pre-Funding Account, subject to withdrawal as expressly permitted hereunder.
Each Collateral Loan included in a Borrowing Base Certificate required to be delivered by it under this Agreement as an Eligible Collateral Loan was, in fact, an Eligible Collateral Loan at such time.

More Definitions of Eligible Collateral Loan

Eligible Collateral Loan. “Eligible Country,” “Minimum Equity Amount,” “Collateral Quality Test,” “Tranche A Borrowing Base,” “Tranche B Borrowing Base,” “Tranche C Borrowing Base,” “Tranche A Minimum OC Coverage Test,” “Tranche B Minimum OC Coverage Test,” “Tranche C Minimum OC Coverage Test,” “Tranche A Collateral Loan,” “Tranche B Collateral Loan,” “Tranche C Collateral Loan,” or any Collateral Quality Test set forth therein or component thereof defined therein; (h) modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof or (i) extend the Reinvestment Period.

Eligible Collateral Loan means, as of any date of determination, a Collateral Loan that meets each of the following criteria unless otherwise approved by the Administrative Agent in its sole discretion:

Eligible Collateral Loan means a Collateral Loan that satisfies each of the following eligibility requirements on any date of determination (unless otherwise expressly waived by the Administrative Agent on a case-by-case basis):

Eligible Collateral Loan means a Collateral Loan that satisfies the following eligibility characteristics, subject to any exceptions thereto approved in writing by Lender in its sole discretion:

Eligible Collateral Loan has the meaning set forth in Section 2(b)(ii).

Eligible Collateral Loan. “Eligible Country”, “Minimum Equity Amount”, “Collateral Quality Test”, “Fundamental Amendment” or any Collateral Quality Test set forth therein or component thereof defined therein; (h) modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof or (i) extend the Reinvestment Period.

Eligible Collateral Loan means, as of any date of determination, a Collateral Loan that meets each of the following