Portfolio Event definition

Portfolio Event means the occurrence of any of the following:

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Portfolio Event means the failure of the Portfolio to be in compliance with each of the Portfolio Composition Requirements set forth in the chart set out in Section 5(A) above.

Portfolio Event is deleted and replaced with the following: (a) as at the end of any Calculation Period, the three-month rolling average Dilution Ratio exceeds 3.0%; (g) In Section 1.1 (Definitions), the following definition of “Retention Holder” shall be added in the appropriate alphabetical order: “Retention Holder” means Koninklijke Bunge B.V. in its capacity as Subordinated Lender.

Examples of Portfolio Event in a sentence

• So long as no Timeshare Loan Portfolio Event is continuing, on any Distribution Date upon which the Buyer’s Net Investment Amount is less than or equal to the Target Net Investment Amount after all payments have been made under Section 8(b)(v) on the Distribution Date, the Buyer will assign all Defaulted Timeshare Loans that it owns to the Seller without additional consideration.

• The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Facility Event or Portfolio Event or any other default or termination event under the Transaction Documents, as the case may be, unless the Administrative Agent has received notice from any Purchaser Agent, any Purchaser or any Transaction Party stating that a Facility Event or Portfolio Event has occurred hereunder or thereunder and describing such termination event or default.

• As soon as reasonably practical and in any event no later than ten (10) Business Days after a request by any Agent, the Master Servicer shall deliver to each Agent such other information with respect to (i) the Portfolio Receivables, the Related Security, the Facility Accounts or the Collateral as such Agent may from time to time reasonably request, or (ii) any Facility Event or Portfolio Event or Material Adverse Effect related to the Master Servicer as such Agent may from time to time reasonably request.

• Notwithstanding the foregoing, so long as no Seller Event (with respect to the applicable Seller) or Portfolio Event has occurred and is continuing and the Termination Date has not occurred, the Transferor may make payments for such Deemed Collections on a net basis against the Purchase Price payable to the Transferor by the Transferee in accordance with Section 2.2. (Payment for the Purchases).

• In addition, to the extent the Master Servicer contracts with Finacity or any other entity to perform information services within respect to the Portfolio Receivables, the agreement with such entity shall provide that such entity will cooperate with the Administrative Agent in connection with (i) any transition to a successor Master Servicer and (ii) Portfolio Receivable information requests following the occurrence of Facility Event or Portfolio Event.

• Notwithstanding the foregoing, so long as no Seller Event or Portfolio Event has occurred and is continuing and the Termination Date has not occurred with respect to a Seller, such Seller may make payments for such Deemed Collections on a net basis against the Purchase Price payable to such Seller by the Buyer in accordance with Section 2.2. (Payment for the Purchases).

More Definitions of Portfolio Event

Portfolio Event means a Potential Portfolio Event which the Calculation Agent, in its sole and absolute discretion, determines sufficiently material to be a Portfolio Event;