Modified Asset definition

Modified Asset. Any Serviced Loan as to which any Servicing Transfer Event has occurred and which has been modified by the Special Servicer pursuant to Section 3.24 of this Agreement in a manner that:
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Modified Asset shall (I) prior to the Lead Securitization Date, mean the Mortgage Loan if any Servicing Transfer Event has occurred and the Mortgage Loan has been modified by the Lead Special Servicer pursuant to the Servicing Agreement in a manner that:
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Examples of Modified Asset in a sentence

  • The goal is to improve returns while reducing risk by making more robust allocations according to more or less bullish periods.Though, ESI strategy uses a Modified Asset Allocation (MAA), which is inspired but not equal to VAA.

  • To this extent, the strategy is build based on two different parts:( 1st) Modified Asset Allocation (MAA)- As mentioned before, it will be used to test whether it can improve the risk adjusted return of the portfolio or not by having three different levels of risk profile.

  • In the event the calculations by the Valuation Adviser result in the Borrower’s breach of one or both of Financial Covenants, the Valuation Adviser shall continue to value the Collateral for purposes of such calculations until (A) the Asset Coverage Ratio exceeds 215% and (B) the Modified Asset Coverage Ratio exceeds 165%.

  • Moreover, and to fully perceive how it works, it is crucial to understand the two different parts that are within it :• 1st- Modified Asset Allocation (MAA)- As referred above, ESI strategy will use the concept of breadth momentum to improve the performance and reduce the risk of the Portfolio.

  • In Table 6, it is possible to see how the strategy allocates their four different components along different risk scenarios.Table 6 - Modified Asset Allocation Level of Risk /AssetsLong PortfolioShort PortfolioIWVIEFRisk-On1.30.30.00.0Mid level of Risk1.00.50.30.2Risk-Off0.50.50.40.6Table 6 shows the asset allocation of ESI Strategy according to MAA monthly risk profile.

  • The Heads of Terms Agreement permits Manx Gas a Target Allowed Turnover which is calculated as (6.99%) x Modified Asset Value (MAV) minus Eligible Financial Costs, this excludes inter-company loans, cash, and inter-company payments.

  • Under the Modified Asset Cost Recovery Schedule (MACRs) the entire cost of a wind project may be depreciated over a 5-year period.

  • The CONTRACTOR further acknowledges that the contracting State agency may declare the related contract or subcontract void if this certification is false.

  • The Modified Asset Purchase Agreement was negotiated at arms’-length with experienced bankruptcy counsel.

  • The Borrower shall maintain (a) an Asset Coverage Ratio of 200% or greater on any day and (b) a Modified Asset Coverage Ratio of 150% or greater on any day (each a “Financial Covenant” and together, the “Financial Covenants”).

Related to Modified Asset

  • Specified Assets the following property and assets of such Grantor:

  • Excluded Asset means any asset of any Grantor excluded from the security interest hereunder by virtue of Section 2.2 hereof but only to the extent, and for so long as, so excluded thereunder.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • REO Asset means, with respect to any Collateral Obligation, any real property that is Related Property that has been foreclosed on or repossessed from the current Obligor by the Servicer, and is being managed by the Servicer on behalf of, and in the name of, any REO Asset Owner, for the benefit of the Secured Parties and any other equity holder of such REO Asset Owner.

  • Portfolio Asset means an asset of an investment fund;

  • Asset includes every kind of property, asset, interest or right, including any present, future or contingent right to any revenues or other payment;

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.

  • Settlement Asset means any cash, receivable or other property, including a Settlement Receivable, due or conveyed to a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person or an Affiliate of such Person.

  • Securitization Asset means (a) any accounts receivable, mortgage receivables, loan receivables, royalty, franchise fee, license fee, patent or other revenue streams and other rights to payment or related assets and the proceeds thereof and (b) all collateral securing such receivable or asset, all contracts and contract rights, guarantees or other obligations in respect of such receivable or asset, lockbox accounts and records with respect to such account or asset and any other assets customarily transferred (or in respect of which security interests are customarily granted) together with accounts or assets in connection with a securitization, factoring or receivable sale transaction.

  • Permitted Asset Swap means the concurrent purchase and sale or exchange of assets used or useful in a Similar Business or a combination of such assets and cash, Cash Equivalents between the Company or any of its Restricted Subsidiaries and another Person; provided that any cash or Cash Equivalents received in excess of the value of any cash or Cash Equivalents sold or exchanged must be applied in accordance with Section 3.5 hereof.

  • Securitization Property means the property described in section 10j.

  • Reference Asset means a reference asset of the relevant Index or Investment Strategy in respect of a Series of ETP Securities as specified in the Final Terms.