Performing Collateral Obligation definition

Performing Collateral Obligation means a Collateral Obligation that is not a Defaulted Loan.

Related to Performing Collateral Obligation

  • Collateral Obligation means a Loan owned by the Borrower, excluding the Retained Interest thereon.

  • General obligation bond means a Bond, the payment of principal of and interest on which is a General Obligation of the Authority.

  • General obligation bonds means, collectively, the Limited Tax General Obligation Bonds and the Unlimited Tax General Obligation Bonds.