Originator Requirement definition

Originator Requirement means, at any time, the condition that (x) the nominal amount of Collateral Loans acquired (or committed to be acquired) or originated by the Borrower that meet either of the following conditions is at least equal to (y) 50% of the nominal amount of all Collateral Loans acquired (or committed to be acquired) or originated by the Borrower for which the Retention Provider:
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Originator Requirement means the requirement which will be satisfied if:
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Originator Requirement has the meaning set forth in the definition of "Eligibility Criteria."
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Examples of Originator Requirement in a sentence

  • Further, the Issuer may only acquire a Collateral Debt Obligation that is not an Originated Collateral Debt Obligation if, immediately following such purchase, the Originator Requirement is satisfied.

  • Furthermore, the Issuer may only acquire a Collateral Obligation at certain times if, immediately following such purchase, the Originator Requirement is satisfied (solely in accordance with the definition thereof and only to the extent such requirement has not been modified in accordance with paragraph (II) of the proviso to such definition).

  • The Issuer and the Investment Manager will therefore be reliant on the Retention Holder’s discretion in the sale of Originator Assets in order to maintain compliance with the Originator Requirement.

  • The Issuer and the Collateral Manager will therefore be reliant on the Retention Holder’s discretion in the sale of Originator Assets in order to maintain compliance with the Originator Requirement.

  • The Issuer and the Collateral Manager will therefore be reliant on the Retention Holder's discretion in the sale of Collateral Obligations in order to maintain compliance with the Originator Requirement.


More Definitions of Originator Requirement

Originator Requirement means the requirement which will be satisfied if, on the Issue Date:
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Originator Requirement. A requirement that will be satisfied if, at any time, the aggregate outstanding principal amount of all Originated Assets, divided by the aggregate outstanding principal amount of all Underlying Assets, is greater than 50% (as determined by the Asset Manager); provided, that if the Asset Manager reasonably determines (based on guidance provided by the European Banking Authority or a legal opinion from legal counsel of reputable standing) that:
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Originator Requirement. The requirement that will be satisfied if:
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Originator Requirement. The requirement which will be satisfied on the Closing Date and thereafter if:
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Originator Requirement means the requirement that:
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Originator Requirement means the requirement which will be satisfied if the Aggregate Principal Balance of Collateral Obligations and Loss Mitigation Obligations which were acquired by the Issuer (directly or indirectly) from the Originator divided by the Collateral Principal Amount is greater than 50.0 per cent. (as calculated by the Collateral Administrator with the assistance of, and in consultation with, the Collateral Manager).
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Originator Requirement means the requirement which will be satisfied if, on the Original Closing Date:
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