Original Portfolio Collateral definition

Original Portfolio Collateral means the Portfolio Collateral purchased by the Issuer on or before the Effective Date, including the Initial Portfolio Collateral.
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Original Portfolio Collateral means all Original Portfolio Assets held by the Issuer on or before the Effective Date.
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Examples of Original Portfolio Collateral in a sentence

  • To the extent it is not possible to purchase such Original Portfolio Collateral, the level of income receivable by the Issuer on the Collateral and therefore its ability to meet its interest payment obligations under the Notes, together with the weighted average lives of the Notes, may be adversely affected.

  • It is intended that the Aggregate Principal Amount of Original Portfolio Collateral as at the end of the Ramp-Up Period will be approximately €300,000,000.

  • During the Ramp-Up Period, the Collateral Manager, acting on behalf of the Issuer, shall use all commercially reasonable efforts to apply availableCash standing to the credit of the Unused Proceeds Account in the acquisition of Original Portfolio Collateral, subject to and in accordance with the terms of the Collateral Management and Administration Agreement.

  • Any failure by the Issuer to acquire such Original Portfolio Collateral or the inability to enter into required additional Asset Swap Transactions could result in the non-confirmation, downgrade or withdrawal by any Rating Agency of its Initial Rating of any Class of Notes.

  • During the Ramp-up Period, the Collateral Manager, acting on behalf of the Issuer, will seek to acquire Original Portfolio Collateral in order to satisfy the Required Portfolio Collateral Balance and each of the Coverage Tests, Collateral Quality Tests and Portfolio Profile Tests as at the Effective Date.

Related to Original Portfolio Collateral

  • Collateral Portfolio means all right, title, and interest (whether now owned or hereafter acquired or arising, and wherever located) of the Borrower in the property identified below in clauses (i) through (iv) and all accounts, cash and currency, chattel paper, tangible chattel paper, electronic chattel paper, copyrights, copyright licenses, equipment, fixtures, contract rights, general intangibles, instruments, certificates of deposit, certificated securities, uncertificated securities, financial assets, securities entitlements, commercial tort claims, deposit accounts, inventory, investment property, letter-of-credit rights, software, supporting obligations, accessions, or other property consisting of, arising out of, or related to any of the following (in each case excluding the Retained Interest and the Excluded Amounts):

  • Initial Portfolio means the initial portfolio of Receivables, comprising Eligible Assets, purchased by the Guarantor from the Seller pursuant to the Master Loans Purchase Agreement.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Borrower Collateral means all of Borrower’s now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Portfolio Assets means the portion of the net assets of the Fund managed by the Sub-Adviser pursuant to the following investment strategy as agreed to by the Adviser and the Sub-Adviser in a separately negotiated investment mandate: Emerging Markets (each a “Strategy”).

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • UCC Collateral is defined in Section 3.03.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Collateral has the meaning set forth in Section 2.

  • Shared Collateral means, at any time, Collateral in which the holders of two or more Series of First-Lien Obligations hold a valid and perfected security interest at such time. If more than two Series of First-Lien Obligations are outstanding at any time and the holders of less than all Series of First-Lien Obligations hold a valid and perfected security interest in any Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of First-Lien Obligations that hold a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not have a valid and perfected security interest in such Collateral at such time.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.

  • Prepetition Collateral shall have the meaning provided in Section 3.1(b).

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Personal Property Collateral means all Collateral other than Real Property.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Patent Collateral means all Patents, whether now owned or hereafter acquired by the Company that are associated with the Business.

  • Foreign Collateral means all Collateral of Foreign Loan Parties securing the Guaranteed Foreign Obligations.

  • Portfolio Asset means an asset of an investment fund;

  • Equity Collateral shall have the meaning set forth in Section 11.6 hereof.