Portfolio Asset File definition

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Portfolio Asset File. For each Portfolio Asset, the following documents or instruments, as set forth on the related Portfolio Asset Checklist:

Examples of Portfolio Asset File in a sentence

From the Closing Date until the Facility Termination Date, the Collateral Custodian will not dispose of any documents constituting the Portfolio Asset File in any manner that is inconsistent with the performance of its obligations as the Collateral Custodian pursuant to this Agreement and will not dispose of any item of the Collateral except as contemplated by this Agreement.
The Collateral Custodian agrees that, with respect to any Portfolio Asset File at any time or times in its possession or held in its name, the Collateral Custodian is the agent and bailee of the Administrative Agent, for the benefit of the Secured Parties, for purposes of perfecting (to the extent not otherwise perfected) the Administrative Agent’s security interest in the Collateral and for the purpose of ensuring that such security interest is entitled to first priority status under the UCC.
In addition, if requested in writing (in the form of Exhibit D) by the Portfolio Asset Servicer and approved by the Administrative Agent within ten (10) Business Days of the Collateral Custodian’s delivery of such report, the Collateral Custodian shall return any Portfolio Asset File which fails to satisfy a Review Criteria to the Loan Parties.
The Collateral Custodian shall upon its receipt of each such request for return executed by the Borrower and the Portfolio Asset Servicer or, during the continuation of an Event of Default, Administrative Agent promptly, but in any event within five (5) Business Days, return the Portfolio Asset File so requested to the Loan Parties or the Portfolio Asset Servicer, as applicable.
Other than the foregoing, the Collateral Custodian shall not have any responsibility for reviewing any Portfolio Asset File.

More Definitions of Portfolio Asset File

Portfolio Asset File means, with respect to each Portfolio Asset, an electronic file maintained on the Platform containing copies of each of the Required Portfolio Asset Documents set forth on the Portfolio Asset Checklist with respect to such Portfolio Asset.

Portfolio Asset File means, with respect to each Portfolio Asset, a file containing each of the agreements, instruments, certificates and other documents and items set forth on the Portfolio Asset Checklist with respect to such Portfolio Asset. “Portfolio Asset Schedule” means, (a) a schedule of the Portfolio Assets and setting forth for each such Portfolio Asset (i) the legal name of the applicable Obligor, (ii) the current principal balance or nominal value or amount or percentage ownership interest held by a Loan Party, as applicable, (iii) any Portfolio Asset Assignment for each Portfolio Asset, (iv) whether such Portfolio Asset is an Eligible Portfolio Asset and (v) the other information specified for a Portfolio Asset as set forth on Schedule I, as delivered by or on behalf of such Loan Party, as applicable, to the Servicer and as updated from time to time as provided herein or (b) a Servicing Report containing the information described in clauses (a)(i) through (a)(v) above. “Post Closing Condition” means, each action that each Loan Party, as applicable, is required to take within the applicable periods set forth in Schedule VII, subject to Section 5.01(dd). “Potential Default” means, any event or condition that constitutes an Event of Default or that, with the giving of any notice, the passage of time, or both, would be an Event of Default. “Prime Rate” means, as of any day, the rate of interest per annum last quoted by The Wall Street Journal as the “Prime Rate” in the U.S. or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as reasonably determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as reasonably determined by the Administrative Agent). Any change in the Prime Rate shall take effect at the opening of business on the day such change is publicly announced or quoted as being effective. Notwithstanding the foregoing or any other provision of this Agreement, the rate determined pursuant to this definition shall not be less than the Floor. “Prepayment Premium” means, as of any date of determination, in connection with any termination or reduction of any or all of the Commitments prior to the end of the Non-CallAvailability Period, as applicable, pursuant to Sections...

Portfolio Asset File. For each Portfolio Asset, the following documents or instruments, as set forth on the related Portfolio Asset Checklist: (a) copies of each of the Required Portfolio Asset Documents; (b) to the extent applicable to such Portfolio Asset, the final copies for any related subordination agreement, intercreditor agreement, or similar instruments, assumption or BUSINESS.33662032.9 49 substitution agreement or similar material operative document, in each case together with any amendment or modification thereto; and (c) either (i) copies of any financing statements under the UCC, if any, and any related continuation statements, each showing the Obligor as debtor and each with evidence of filing thereon, or (ii) copies of any such financing statements certified by the Collateral Manager to be true and complete copies thereof in instances where the original financing statements have been sent to the appropriate public filing office for filing. “Portfolio Asset List”: The Portfolio Asset List provided by the Borrower to the Administrative Agent, the Collateral Agent and the Document Custodian, in the form of Schedule III hereto, as such list may be amended, supplemented or modified from time to time in accordance with this Agreement. “Portfolio Asset Tape”: The portfolio asset tape to be delivered by the Collateral Manager in connection with each Borrowing Base Certificate, which tape shall include (but not be limited to) the aggregate OLB of all Portfolio Assets and, with respect to each Portfolio Asset, the following information: (a) name of the related Obligor; (b) calculation of the Net Senior Leverage Ratio for the most recent Relevant Test Period; (c) calculation of the Cash Interest Coverage Ratio for the most recent Relevant Test Period; (d) calculation of the Total Leverage Ratio for the most recent Relevant Test Period; (e) collection status (number of days past due); (f) portfolio asset status (whether in default (and the number of days such default is outstanding) or on non-accrual status); (g) scheduled maturity date; (h) portfolio asset rate of interest (and reference rate, if applicable); (i) floating rate floor (if applicable); (j) Advance Value; (k) Principal Balance; (l) Purchase Price; (m) ▇▇▇▇▇’▇ Obligor rating (if available);