Eligible Collateral Obligation definition
Eligible Collateral Obligation means, on any Measurement Date, each Collateral Obligation that satisfies the following conditions (unless otherwise waived by the Administrative Agent in its sole discretion in the applicable Approval Notice):
Eligible Collateral Obligation means, as of the Cut-Off Date (and solely with respect to clauses (c) and (aa), as of each Measurement Date), each Collateral Obligation that satisfies the following conditions (unless otherwise waived by the Agent and the Majority Lenders in their respective sole discretion on the applicable Approval Notice; provided, that the Borrower shall be permitted, at its sole expense and effort, to replace any Lender that has not consented to any such proposed waiver in accordance with Section 17.16(b)):
Eligible Collateral Obligation means, on any Measurement Date, each Collateral Obligation that satisfies the following conditions (unless otherwise added or waived by the Facility Agent in its sole discretion in the applicable Approval Notice); provided that, prior to the date that is five (5) days after the Effective Date, the Collateral Obligation in respect of SMS Systems Maintenance Services Inc. shall be deemed to be an Eligible Collateral Obligation:
Examples of Eligible Collateral Obligation in a sentence
Each Transferred Collateral Obligation Conveyed hereunder is, at the time of such Conveyance, an Eligible Collateral Obligation.
More Definitions of Eligible Collateral Obligation
Eligible Collateral Obligation means, on any Measurement Date, each Collateral Obligation that satisfies the following conditions (unless otherwise waived, with notice to Morningstar, by the Administrative Agent in itsand the Majority Lenders (provided, that if there is more than one Lender on such Measurement Date, at least two Lenders) in their respective sole discretion on the applicable Approval Notice; provided, that the Borrower shall be permitted, at its sole expense and effort, to replace any Lender that has not consented to any such proposed waiver in accordance with Section 17.16(b)):
Eligible Collateral Obligation means, on any date of determination, a Collateral Obligation that satisfies each of the Eligibility Criteria (as defined on Schedule 1) (or the Bank determines, in its sole discretion, that such Collateral Obligation can be deemed an Eligible Collateral Obligation notwithstanding that all of the applicable Eligibility Criteria have not been satisfied).
Eligible Collateral Obligation means, on any Measurement Date, each Collateral Obligation that satisfies the following conditions (unless otherwise waived by the Administrative Agent and the Majority Lenders in their respective sole discretion in writing or in the applicable Approval Notice, provided that upon any waiver of such conditions notice is issued by the Administrative Agent to Morningstar (via email at ABSMonitoring@morningstar.com)):
Eligible Collateral Obligation means, on any Measurement Date, each Collateral Obligation that satisfies the following conditions (unless otherwise added subject to Borrower’s consent or waived by the Facility Agent in its sole discretion on the applicable Approval Notice):
Eligible Collateral Obligation means, at any time, any Collateral Obligation which satisfies each of the representations, warranties and conditions contained in Section 4.01(ll) and Section 4.02 and which satisfies each of the following eligibility requirements (unless the Administrative Agent, in its sole discretion, agrees to waive any such requirement with respect to such Collateral Obligation; provided that, if the Administrative Agent has waived any of the following requirements (and such requirement is not currently satisfied) with respect to more than 15.0% of the Aggregate Outstanding Balance on any date of determination, then any waiver of any of the following requirements with respect to any additional Collateral Obligation to be included in the Collateral Portfolio shall require the consent of the Required Lenders on or prior to the applicable Cut-Off Date):
Eligible Collateral Obligation means, as of the Cut-Off Date (and solely with respect toclauses (c) and (aa), as of each Measurement
Eligible Collateral Obligation. “Eligible Jurisdiction”, “Excess Concentration Amount”, “Facility Termination Date”, “First Lien Loan”, “Fundamental Amendment”, “Lender Allocation Percentage”, “Maximum Portfolio Advance Rate”, or “Minimum Equity Condition”, or any defined term used therein, in each case in a manner which would have the effect of making more credit available to the Borrower, or make such provision less restrictive on the Borrower in any other material fashion, (i) extend the Revolving Period or (j) modify the form or details of the Monthly Report in a manner that materially reduces the reporting requirements.