Examples of Portfolio Collateral in a sentence
Various federal and state laws enacted for the protection of creditors may apply to the Portfolio Collateral by virtue of the Issuer’s role as a creditor with respect to such Portfolio Collateral.
Under the Indenture, the Collateral Manager may only direct the disposition of Portfolio Collateral under certain limited circumstances.
On the other hand, circumstances may exist under which the Collateral Manager may believe that it is in the best interests of the Issuer to dispose of Portfolio Collateral, but the Issuer will not be permitted to do so under the restrictions and conditions of the Indenture.
More specifically, the Collateral Manager may direct the disposition of Portfolio Collateral that meets the definition of Defaulted Portfolio Collateral, Equity Portfolio Collateral, and, subject to satisfaction of the conditions set forth herein, Credit Risk Portfolio Collateral or Appreciated Portfolio Collateral.
Such environmental risks may give rise to a diminution in the value of property securing any item of Portfolio Collateral or liability for cleanup costs or other remedial actions, which liability could exceed the value of such property or the principal balance of the related item of Portfolio Collateral.