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Fixed Rate Collateral Obligation definition

Fixed Rate Collateral Obligation means any Collateral Obligation that bears a fixed rate of interest.
Fixed Rate Collateral Obligation means any Collateral Obligation that bears a fixed rate of interest. “Foreign Lender” means a Lender that is not a U.S. Person.
Fixed Rate Collateral Obligation means any Collateral Obligation that bears a fixed rate of interest. "Floating Rate Collateral Obligation" means any Collateral Obligation that bears a floating rate of interest.

Examples of Fixed Rate Collateral Obligation in a sentence

  • For all purposes under this Indenture, any Floating Rate Collateral Obligation that is subject to an Asset Specific Hedge that effectively provides for the conversion of such floating rate of interest to a fixed rate of interest shall be deemed a Fixed Rate Collateral Obligation bearing interest at a fixed rate equal to the fixed rate to be received by the Issuer pursuant to the applicable Asset Specific Hedge.

  • Any interest rate exchange agreement between the Issuer and aHedge Counterparty that is entered into by the Issuer in connection with the purchase or holding of a Fixed Rate Collateral Obligation or a Floating Rate Collateral Obligation.

  • For all purposes under this Indenture, any Fixed Rate Collateral Obligation that is subject to an Asset Specific Hedge that effectively provides for the conversion of such fixed rate of interest to a floating rate of interest shall be deemed a Floating Rate Collateral Obligation bearing interest at a floating rate equal to LIBORthe Reference Rate plus the spread over LIBORthe Reference Rate to be received by the Issuer pursuant to the applicable Asset Specific Hedge.

  • Any Deferrable Obligation which by its terms carries a current cash pay interest rate of not less than (a) in the case of a Floating Rate Collateral Obligation, the Benchmark plus 1.00% per annum or (b) in the case of a Fixed Rate Collateral Obligation, the zero-coupon swap rate in a fixed/floating interest rate swap with a term equal to five years.

  • Each Collateral Obligation bearing interest at a fixed rate; provided that, Rating Agency Confirmation is required for the purchase of a Fixed Rate Collateral Obligation.

  • If an Asset Specific Hedge effectively provides for the conversion of a floating rate of interest under the related Collateral Obligation to a fixed rate of interest, such Collateral Obligation shall, for all purposes under this Indenture, (a) be considered a Fixed Rate Collateral Obligation and (b) be deemed to pay interest at a fixed rate to be received by the Issuer under the related Asset Specific Hedge.

Related to Fixed Rate Collateral Obligation

  • Collateral Obligation means a Loan owned by the Borrower, excluding the Retained Interest thereon.

  • Delayed Drawdown Collateral Obligation A Collateral Obligation that (a) requires the Issuer to make one or more future advances to the borrower under the Underlying Documents relating thereto, (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the borrower thereunder; but any such Collateral Obligation will be a Delayed Drawdown Collateral Obligation only until all commitments by the Issuer to make advances to the borrower expire or are terminated or are reduced to zero.

  • Schedule of Collateral Obligations means the list or lists of Collateral Obligations attached to each Asset Approval Request and each Reinvestment Request. Each such schedule shall identify the assets that will become Collateral Obligations, shall set forth such information with respect to each such Collateral Obligation as the Borrower or the Facility Agent may reasonably require and shall supplement any such schedules attached to previously-delivered Asset Approval Requests and Reinvestment Requests.

  • Hedge Collateral Defined in Section 5.3(b).

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Term Loan Collateral means all of the assets of any Grantor, whether real, personal or mixed, upon which a Lien is granted or purported to be granted to any Term Loan Agent under any of the Term Loan Collateral Documents.

  • Permitted Prepayment Date means the Business Day after the second (2nd) anniversary of the first Payment Date

  • First Lien Last Out Loan means, as of any date of determination, any Collateral Asset that would constitute a First Lien Loan but that, at any time prior to and/or after an event of default under the related Underlying Loan Agreement of such Collateral Asset, will be paid after one or more tranches of First Lien Loans issued by the same Obligor have been paid in full in accordance with a specified waterfall or other priority of payments specified in the applicable Related Documents or an agreement among lenders.

  • Revolving Interest Rate means an interest rate per annum equal to (a) the Alternate Base Rate with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus two and one-half of one percent (2.50%) with respect to Eurodollar Rate Loans.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Revolving Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.