New Acquisition Collateral definition

New Acquisition Collateral means Expected ABS Collateral that will be acquired by the applicable Borrower on the applicable Loan Closing Date using the proceeds of a Loan. It is understood and agreed that Legacy CMBS Collateral may not be New Acquisition Collateral.
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New Acquisition Collateral has the meaning specified in Section 3.5(d). Obligation, whether now existing or hereafter incurred, means, with respect to any Loan:
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New Acquisition Collateral means Expected ABS Collateral that will be acquired by the applicable Borrower on the applicable Loan Closing Date using
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Examples of New Acquisition Collateral in a sentence

  • Failure to deliver a Sales Confirmation with respect to New Acquisition Collateral shall result in such assets being ineligible for inclusion in the Collateral.


More Definitions of New Acquisition Collateral

New Acquisition Collateral has the meaning specified in Section 3.5(d).
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Related to New Acquisition Collateral

  • Prepetition Collateral means the collateral securing the Prepetition BP Secured Claim, including, without limitation, the Posted Collateral.

  • Canadian Collateral means any and all property of any Canadian Loan Party covered by the Collateral Documents and any and all other property of any Canadian Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Canadian Secured Obligations.

  • Loan Collateral With respect to any Mortgage Loan, the related Mortgaged Property and any personal property securing the related Mortgage Loan, including any lessor’s interest in such property, whether characterized or recharacterized as an ownership or security interest, and including any accounts or deposits pledged to secure such Mortgage Loan, and any Additional Collateral.

  • 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.

  • Second Lien Collateral Documents means the “Security Documents” or “Collateral Documents” (as defined in the applicable Second Lien Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any Second Lien Obligations or pursuant to which any such Lien is perfected.