Loan Asset File definition

Loan Asset File means, with respect to each Loan Asset, a file containing (a) each of the documents and items as set forth on the Loan Asset Checklist with respect to such Loan Asset and (b) duly executed originals (to the extent required by the Servicing Standard) and copies of any other Records relating to such Loan Assets and Portfolio Assets pertaining thereto.

Loan Asset File means, with respect to each Loan Asset, a file containing each of the agreements, instruments, certificates and other documents and items set forth on the Loan Asset Checklist with respect to such Loan Asset.

Loan Asset File means, with respect to any Loan Asset, each of the Loan Asset Documents related thereto.

Examples of Loan Asset File in a sentence

• The Collateral Custodian will not dispose of any documents constituting the Loan Asset File in any manner that is inconsistent with the performance of its obligations as the Collateral Custodian pursuant to this Agreement and will not dispose of any item of the Collateral except as contemplated by this Agreement.

• The Collateral Custodian shall upon its receipt of each such request for return executed by the Borrower and the Portfolio Asset Servicer or, during the continuation of an Event of Default, Administrative Agent promptly, but in any event within five (5) Business Days, return the Loan Asset File so requested to the Borrower or the Portfolio Asset Servicer, as applicable.

• Upon the release of the Administrative Agent’s Lien as described in the immediately preceding sentence, the Loan Asset File will be returned to the Borrower as provided in Section 9.09.

• For the avoidance of doubt, unless an Event of Default is the continuing, no consent of the Administrative Agent shall be required in connection with any such release of a Loan Asset File in accordance with this Section.

• The Collateral Custodian agrees that, with respect to any Loan Asset File at any time or times in its possession or held in its name, the Collateral Custodian is the agent and bailee of the Administrative Agent, for the benefit of the Secured Parties, for purposes of perfecting (to the extent not otherwise perfected) the Administrative Agent’s security interest in the Collateral and for the purpose of ensuring that such security interest is entitled to first priority status under the UCC.

More Definitions of Loan Asset File

Loan Asset File has the meaning assigned to that term in the Custodial Agreement and, if such term (or similar term) is not used therein, then, with respect to each Loan Asset, a file containing each of the agreements, instruments, certificates and other documents and items set forth on the Loan Asset Checklist with respect to such Loan Asset.

Loan Asset File means, with respect to each Loan Asset, a file delivered to the Collateral Custodian (with a copy to the Administrative Agent) containing each of the Required Loan Documents.

Loan Asset File means, with respect to each Portfolio Asset, a file containing each of the agreements, instruments, certificates, notes and other documents and items set forth on the Loan Asset Checklist with respect to such Portfolio Asset. "Loan Asset Schedule" means (a) a schedule of the Portfolio Assets and setting forth for each such Portfolio Asset (i) the Portfolio Asset number for such Portfolio Asset, (ii) the Obligors for such Portfolio Asset, (iii) the current principal balance of (A) such Portfolio Asset and (B) the Underlying Loan Obligation for such Portfolio Asset, as applicable, (iv) the Loan Agreement and Participation Agreement for such Portfolio Asset, as applicable, (v) whether such Portfolio Asset is an Eligible Portfolio Asset and if such Eligible Portfolio Asset is a Senior Loan, Junior Loan, Asset Based Loan, Recurring Revenue Loan, or Senior Note, and (vi) the other information specified for a Portfolio Asset as set forth on Schedule I, as delivered by the Borrower to the Administrative Agent and the Collateral Custodian and as updated from time to time as provided herein (the Loan Asset Schedule being deemed modified and delivered by the delivery of a Borrowing Base Certificate) or (b) a collateral report, in form and substance reasonably satisfactory to the Administrative Agent (acting at the direction of Majority Lenders) containing the information described in clauses (a)(i) through (a)(vi) above. "LTV" means, as of any date of determination, the ratio (expressed as a percentage) of (a) the aggregate amount of Advances Outstanding as of such date to (b) the most recent Total Portfolio Value as of such date. "Majority Lenders" means the Lenders representing an aggregate of more than 50% of the aggregate Commitments. The Commitments of any Defaulting Lender shall be disregarded in determining Majority Lenders at any time. "Make‐Whole Amount" means, as of any date of determination, (i) in connection with any voluntary termination in full of the Commitments hereunder, an amount equal to the present value of the amount of interest that would have accrued under this Agreement if the Advances Outstanding were equal to the MWA Minimum Usage Amount commencing twelve (12) months after the Closing Date (prior to giving effect to such termination) for the period from the date of such termination until the last day of the Revolving Period and (ii) in connection with any voluntary reduction in part of the Commitments hereunder, an amount equal to the MWA Pe...