Feeder Fund Collateral Account Pledge definition

Feeder Fund Collateral Account Pledge means, with respect to such Fund Group, the pledge of a Feeder Fund Collateral Account, substantially in the form of Exhibit D-2, made by the applicable Feeder Fund in favor of the related Borrower or Blocker, as applicable, pursuant to which (a) such Feeder Fund has granted to such Borrower or Blocker, as applicable, a first priority, exclusive security interest and lien (subject to Permitted Liens) in and to its Feeder Fund Collateral Account and (b) such Borrower or Blocker, as applicable, has authorized the Administrative Agent (acting as agent for the Initial Borrower or Blocker, as applicable (and not in its own or any other capacity)) to act on its behalf for purpose of such instrument and for such Feeder Fund Control Agreement, as the same may be amended, restated, amended and restated, supplemented or modified from time to time.
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Feeder Fund Collateral Account Pledge means a pledge of a Feeder Fund Collateral Account, substantially in the form of Exhibit D-2.
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Related to Feeder Fund Collateral Account Pledge

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Reserve Account Funding Date means the Distribution Date which occurs not later than the earliest of (a) the Distribution Date with respect to the Monthly Period that commences not later than three months prior to the Distribution Date with respect to the first Monthly Period in the Controlled Accumulation Period, (b) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the April 2025 Monthly Period or any Monthly Period thereafter is less than 2%, the Distribution Date with respect to such Monthly Period, (c) in the event that the average Excess Spread Percentage for any three consecutive Monthly Periods ending in the October 2025 Monthly Period or any Monthly Period thereafter is less than 3%, the Distribution Date with respect to such Monthly Period and (d) such earlier Distribution Date as the Transferor may determine by written notice to the Trustee and the Servicer. For this purpose, the “Excess Spread Percentage” for any Monthly Period shall be equal to the Series Adjusted Portfolio Yield for such Monthly Period minus the Base Rate for such Monthly Period.

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Reserve Accounts means, collectively, the Tax and Insurance Escrow Account, the Replacement Reserve Account, the Required Repair Account, the Rollover Reserve Account, the Occupancy Reserve Account, the Excess Cash Reserve Account, the Net Proceeds Account, the Payment Reserve Account, the TI/LC Reserve Account and any other escrow or reserve account established pursuant to the Loan Documents.

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.