Lien Release Dividend definition

Lien Release Dividend has the meaning assigned to that term in Section 2.07(g).

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Lien Release Dividend. Defined in Section 2.16(a).

Lien Release Dividend has the meaning assigned to that term in Section 10.01(f).

Examples of Lien Release Dividend in a sentence

Any Lien Release Dividend or substitution of a “Delinquent Loan” or a “Charged-Off Loan” (as each such term is defined in the Original Agreement) effected pursuant to the Original Agreement during the 12-month period immediately preceding the date of determination shall be included in this calculation.
In connection with any Loan for which a Lien Release Dividend is effected in accordance with Section 2.07(g), and within two (2) Business Days after written receipt from the Servicer of a request for release of documents and receipt in the form of Exhibit J, (which certification shall include a statement to the effect that a Lien Release Dividend is being effected as to such Loan), the Collateral Custodian shall promptly release the related Required Loan Documents for such Loan to the Borrower.
The Borrower may obtain the release of (i) any Loan Asset (and the related Portfolio Assets pertaining thereto) released pursuant to a Lien Release Dividend or sold or substituted in accordance with the applicable provisions of Section 2.07, (ii) any Loan Asset (and the related Portfolio Assets pertaining thereto) with respect to which all amounts have been paid in full by the related Obligor and deposited in the Collection Account and (iii) the entire Collateral Portfolio following the Collection Date.
The purchase price for each Collateral Obligation sold pursuant to this Agreement shall be a dollar amount equal to the fair market value thereof (calculated as described in the Lien Release Dividend) as determined by the Financing Subsidiary and the Issuer and shall be on terms no less favorable to the Issuer than the Issuer would then obtain in a comparable arm’s length transaction with a person that is not an Affiliate.
During the twelve-consecutive-month period prior to the Closing Date and prior to each Transfer Date, Additional Funding Date, Optional Repurchase Settlement Date, and Lien Release Dividend Date, no steps have been taken to terminate any Pension Plan (as defined below), and no contribution failure has occurred with respect to any Pension Plan sufficient to give rise to a lien under section 302(f) of ERISA.

More Definitions of Lien Release Dividend

Lien Release Dividend has the meaning assigned to such term in Section 10.3(e).

Lien Release Dividend has the meaning assigned to that term in Section 2.07(g). “Lien Release Dividend Date” means the date specified by the Borrower, which date may be any Business Day; provided that written notice is given in accordance with Section 2.07(g). -37- USActive 58972051.458972051.5

Lien Release Dividend has the meaning set forth in Section 2.13.

Lien Release Dividend has the meaning specified in the Recitals.

Lien Release Dividend. Defined in subsection 2.3(a).

Lien Release Dividend has the meaning specified in the Recitals. “Loan Sale Agreement” has the meaning specified in the Recitals. “Participation Interest” and “Participation Interests” have the meanings specified in Section 2.01. “Participation Percentage” means, with respect to each Collateral Obligation, the percentage set forth on Annex A hereto representing the percentage portion of such Collateral Obligation conveyed to the Issuer by the Financing Subsidiary pursuant to the terms of this Agreement. “Proceeding” means any suit in equity, action at law or other judicial or administrative proceeding thereof. “Pro Rata Share” means, with respect to any amount, as of any date of determination, the product obtained by multiplying such amount by the applicable Participation Percentage. “Representing Party” has the meaning specified in Section 3.01. “Settlement Date” means May 9, 2019. “Transfer” has the meaning specified in the Recitals. “Transferor” has the meaning specified in the Recitals. “Transferred Assets” means the Collateral Obligations (excluding any Excluded Amounts) or portions thereof (if less than 100%) equal to the applicable Participation Percentage of each such Collateral Obligation conveyed by the Financing Subsidiary to the Issuer hereunder, in each case as set forth on Annex A hereto.

Lien Release Dividend is defined in Section 2.10(a).