Fixed Rate Collateral Obligations definition

Fixed Rate Collateral Obligations means Collateral Obligations which bear interest at a fixed rate.
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Fixed Rate Collateral Obligations or “Bonds”: Collateral Obligations (other than Defaulted Obligations) that, at the time of determination, bear interest at a fixed rate.
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Examples of Fixed Rate Collateral Obligations in a sentence

  • The inability to enter into Interest Rate Hedge Transactions will also limit the Issuer's ability to hedge any interest rate mismatch between the Collateral Obligations and the Notes, thereby in some cases limiting its ability to invest in Fixed Rate Collateral Obligations.

  • Depending on whether payments of principal on Fixed Rate Collateral Obligations or Floating Rate Collateral Obligations are invested in Substitute Collateral Obligations or used to repay principal on the Notes, subject to the Priorities of Payments, such fixed/floating rate mismatch and/or floating rate basis mismatch described above may be improved or may be made worse.

  • The inability to enter into Interest Rate Hedge Transactions will also limit the Issuer’s ability to hedge any interest rate mismatch between the Collateral Obligations and the Notes, thereby in some cases limiting its ability to invest in Fixed Rate Collateral Obligations.

  • Collateral Obligations (other than Defaulted Obligations) that are not Fixed Rate Collateral Obligations.

  • As of any Measurement Date, a percentage equal to the product obtained by multiplying (a) the greater of zero and the excess, if any, of the Weighted Average Fixed Coupon over the Minimum Fixed Coupon by (b) the number obtained by dividing the Aggregate Principal Balance of all Fixed Rate Collateral Obligations (excluding any Defaulted Obligation) by the Aggregate Principal Balance of all floating rate Collateral Obligations.

  • A test satisfied if, as of any Measurement Date, either (a) the Weighted Average Fixed Rate Coupon equals or exceeds theMinimum Weighted Average Fixed Rate Coupon or (b) the Aggregate Principal Balance of Fixed Rate Collateral Obligations held by the Issuer is zero.

  • As of any Measurement Date, 7.00% with respect to all Fixed Rate Collateral Obligations.

  • The inability to enter into Interest Rate Hedge Transactions will also limit theIssuer's ability to hedge any interest rate mismatch between the Collateral Obligations and the Notes, thereby in some cases limiting its ability to invest in Fixed Rate Collateral Obligations.

  • A test satisfied if, as of any Measurement Date, either (a) the Weighted Average Fixed Rate Coupon equals or exceeds the Minimum Weighted Average Fixed Rate Coupon or (b) the Aggregate Principal Balance of Fixed Rate Collateral Obligations held by the Issuer is zero.

  • It is possible that Collateral Obligations (in particular High Yield Bonds) may bear interest at fixed rates and there is no requirement that the amount or portion of Collateral Obligations securing the Securities must bear interest on a particular basis, save for the Portfolio Profile Test which requires that not more than 10% of the Collateral Principal Amount may comprise Fixed Rate Collateral Obligations.

Related to Fixed Rate Collateral Obligations

  • 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.

  • General obligation bonds means, collectively, the Limited Tax General Obligation Bonds and the Unlimited Tax General Obligation Bonds.

  • General obligation bond means a Bond, the payment of principal of and interest on which is a General Obligation of the Authority.

  • Interest Rate Protection Obligations means the obligations of any Person pursuant to any Interest Rate Protection Agreements.

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

  • Hedge Collateral Defined in Section 5.3(b).

  • Liquidity Obligations means all principal, interest, fees and other amounts owing to the Liquidity Providers under the Liquidity Facilities, Section 8.1 of the Participation Agreements or the Fee Letters.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Junior Priority Obligations means the Initial Junior Priority Obligations and any Additional Obligations constituting Junior Priority Debt.

  • Refinancing Effective Date shall have the meaning assigned to such term in Section 2.21(j).

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

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • 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.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

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

  • First Lien Last Out Loan Any Collateral Obligation that would be a Senior Secured Loan except that, following a default, such Collateral Obligation becomes fully subordinated to other senior secured loans of the same Obligor and is not entitled to any payments until such other senior secured loans are paid in full.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

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

  • Cash Collateral Order means the First Cash Collateral Order, as extended and modified by subsequent orders of the Bankruptcy Court [ECF Nos. 2402, 2726, 3207, 3480, 5580, 6128, 7378, 8081, 8467, 8671, 8958, 9112].

  • 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.

  • Cash Collateral Orders means, collectively, the Interim Cash Collateral Order and the Final Cash Collateral Order.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • Credit Facility Obligations means all “Obligations” (or any other defined term having a similar purpose) as defined in the Credit Agreement.