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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 applicablerelated 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.

  • The initial Discount Factor for each Eligible Collateral Obligation (which percentage may not be greater than 100%) will be determined by the Agent in its sole discretion in connection with the acquisition of such loan by the Borrower.

  • As of the applicable Conveyance Date, each Loan Asset was an Eligible Collateral Obligation.

  • The initial Haircut for each Eligible Collateral Obligation (which percentage may not be greater than 100%) will be determined by the Agent in its sole discretion in connection with the acquisition of such loan by the Borrower.

  • The Borrower shall promptly within ten (10) Business Days notify the Agent of the occurrence of any amendment, waiver, modification or supplement with respect to a particular Eligible Collateral Obligation, which notification may be made by electronic delivery in accordance with the procedures described in Section 7.5(i)(vii).


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 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 with the consent of the Borrower or waived by the Facility Agent and the Majority Lenders (provided, that if there is more than one Lender on such Measurement Date, at least two Lenders) in their respectivein its sole discretion on the related Asset 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 waived by the Facility Agent in its sole discretion in the related Asset Approval Notice; provided that, without the consent of the Borrower, no such waiver shall be conditioned on any terms other than those explicitly set forth in the Transaction Documents):
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:
Eligible Collateral Obligation means each Collateral Obligation that satisfies the following conditions (unless otherwise waived by the Facility Agent in its sole discretion) as of the date on which the borrower commits to acquire such Collateral Obligation:
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.
Eligible Collateral Obligation but are nonetheless approved by the Facility Agent in its sole discretion as “Eligible Collateral Obligations” over 20% of the Excess Concentration Measure; provided that if any such Collateral Obligation’s failure to satisfy the requirements of an “Eligible Collateral Obligation” is subsequently waived by the Facility Agent, then such Collateral Obligation shall not be included in the calculation of this clause (m);