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Ineligible Collateral Loan definition

Ineligible Collateral Loan means, at any time, a Collateral Loan or any portion thereof, that fails to satisfy any criteria of the definition of Eligible Collateral Loan as of the date when such criteria are applicable (other than any criteria that has been waived pursuant to the definition thereof); it being understood that such criteria in the definition of Eligible Collateral Loan that is specified to be applicable only as of the date of acquisition of such Collateral Loan shall not be applicable after the date of acquisition of such Collateral Loan.
Ineligible Collateral Loan means, at any time, a Collateral Loan or any portion thereof, that fails to satisfy any criteria of the definition of Eligible Collateral Loan as of the date when such criteria are applicable; it being understood that such criteria in the definition of Eligible Collateral Loan that is specified to be applicable only as of the date of acquisition of such Collateral Loan shall not be applicable after the date of acquisition of such Collateral Loan.
Ineligible Collateral Loan means, at any time, a loan or other obligation, or any portion thereof, that fails to satisfy any criteria of the definition ofEligible Loan” giving effect to the proviso in the introductory language to the definition of “Eligible Loan”.

Examples of Ineligible Collateral Loan in a sentence

  • If any amendment, consent, waiver or other modification with respect to a Related Document (other than a Defaulted Collateral Loan or an Ineligible Collateral Loan) would effect a Material Modification, then the Borrower shall not cause or vote in favor of any such Material Modification without the written consent of the Administrative Agent and the Required Lenders.

  • In the case of a sale of a Defaulted Collateral Loan, a Credit Risk Collateral Loan or an Ineligible Collateral Loan to an Affiliate of the Borrower at a price less than the original percentage of par paid by the Borrower, the purchase price shall not be less than the Market Value of such Defaulted Collateral Loan, Credit Risk Collateral Loan or Ineligible Collateral Loan.

  • If any amendment, consent, waiver or other modification with respect to a Related Document (other than a Defaulted Collateral Loan or an Ineligible Collateral Loan) would effect a Material Modification, then the Collateral Manager shall not cause or vote in favor of any such Material Modification to occur without the written consent of the Administrative Agent and the Required Lenders.

  • The Borrower may also sell any Ineligible Collateral Loan or any portion of any Collateral Loan that is allocated to the Excess Concentration Amount at any time unless an Event of Default has occurred and is continuing (but otherwise without restriction).

  • Each contribution shall either be made (a) in Cash, (b) by assignment and contribution of an Eligible Investment and/or (c) by assignment of a Collateral Loan that is not an Ineligible Collateral Loan.

  • Each Transferred Collateral Loan that is Conveyed hereunder is not, at the time of such Conveyance, an Ineligible Collateral Loan.

  • The Borrower (and the Servicer on its behalf) shall not consent to any amendment or waiver of or supplement to any Collateral Loan or any Related Document for any Collateral Loan (i) that would result in a Default or an Event of Default, (ii) after the occurrence and during the continuance of an Event of Default or (iii) that would cause any Collateral Loan to become an Ineligible Collateral Loan.

  • The Borrower (and the Collateral Manager on its behalf) shall not consent to any amendment or other modification of any Collateral Loan or any Related Document for any Collateral Loan (i) that would result in an Event of Default, (ii) after the occurrence and continuance of an Event of Default or (iii) that would cause any Collateral Loan to become an Ineligible Collateral Loan, in each case without the prior written consent of the Administrative Agent in its sole discretion.

  • The Borrower may replace any Collateral Loan (including any Ineligible Collateral Loan) with another Collateral Loan acquired by the Borrower in accordance with Section 10.02 (a “Substitute Loan”), subject to the satisfaction of the conditions set forth in clause (b) below and in Section 10.04; provided that, at any time after the Reinvestment Period, such substitution will require the consent of the Administrative Agent in its sole discretion.


More Definitions of Ineligible Collateral Loan

Ineligible Collateral Loan means, at any time, a Collateral Loan or any portion thereof, that fails to satisfy any criteria of the definition of Eligible Collateral Loan as of the date when such criteria are applicable.
Ineligible Collateral Loan means, at any time, a loan, debt obligation, Participation Interest or other obligation, or any portion thereof, that fails to satisfy any criteria of the definition ofCollateral Loan” after the date of acquisition thereof by the Borrower (i.e., determined as of such date and not giving effect to the introductory language to the definition of “Collateral Loan”).
Ineligible Collateral Loan means, at any time, a loanLoan or other obligationBond, or any portion thereof, that fails to satisfy any criteria of the definition ofCollateral Loan” giving effect to the proviso in the introductory language to the definition of “Collateral Loan”.
Ineligible Collateral Loan means, at any time, a Collateral Loan or any portion
Ineligible Collateral Loan means, at any time, a Collateral Loan or any portion thereof, that fails to satisfy any criteria of
Ineligible Collateral Loan means, at any time, a loan or other obligation, or any portion thereof, that fails to satisfy any criteria of the

Related to Ineligible Collateral Loan

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Eligible Collateral means, with respect to a party, the items, if any, specified as such for that party in Paragraph 13.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.