Eligible Collateral Obligation means, on any Measurement Date, each Collateral Obligation that satisfies the following conditions and the additional eligibility criteria set forth in the Side Letter, if any (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, 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 waived by the Administrative Agent in its sole discretion in the applicable Approval Notice):
Examples of Eligible Collateral Obligation in a sentence
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.
More Definitions of Eligible Collateral Obligation
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 related 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, 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 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 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, 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, 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)):