Qualified Substitute Arrangement definition

Qualified Substitute Arrangement has the meaning set forth in Section 10.6(c).
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Qualified Substitute Arrangement means an arrangement in addition to or in substitution for any prior interest rate cap arrangement satisfactory to the Rating Agencies.
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Qualified Substitute Arrangement shall have the meaning specified in -------------------------------- subsection 4.11(b).
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Examples of Qualified Substitute Arrangement in a sentence

  • The Transferor shall have the option to terminate any Interest Rate Cap at any time if the Transferor obtains a Qualified Substitute Arrangement for such Interest Rate Cap.

  • The Class A Interest Rate Cap or its Replacement Interest Rate Cap or Qualified Substitute Arrangement will terminate on the day immediately following the Class A Scheduled Payment Date.

  • Unless an alternative arrangement pursuant to clause (x) or (y)(i) or (y)(iii) of Section 11.6(d) is being established, the Borrower shall use reasonable efforts to obtain a Replacement Interest Rate Cap or Qualified Substitute Arrangement meeting the requirements of this Section 11.6(e) during the 30-day period referred to in Section 11.6(d).

  • Payments received by the Trustee from an Interest Rate Cap Provider upon the early termination of an Interest Rate Cap shall be applied to the purchase of a Replacement Interest Rate Cap or Qualified Substitute Arrangement (as defined below), or if no Replacement Interest Rate Cap or Qualified Substitute Arrangement is obtained, shall be applied in accordance with Section 4.05.


More Definitions of Qualified Substitute Arrangement

Qualified Substitute Arrangement shall have the meaning specified in subsection 3A(d) of this Series Supplement.
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Qualified Substitute Arrangement shall have the meaning specified in Section 3A(d) of this Series Supplement.
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Qualified Substitute Arrangement has the meaning set forth in Section 10.6(c). “Rating Agencies” means Standard & Poor’sS&P and Xxxxx’x.
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Qualified Substitute Arrangement shall have the meaning specified in Section 11.6(d) of this Agreement.
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Qualified Substitute Arrangement has the meaning set forth in Section 10.6(c). “Rating Agencies” means S&P and Moody’s.
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Qualified Substitute Arrangement has the meaning set forth in Section 10.6(c). USActive 58353885.2
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Qualified Substitute Arrangement has the meaning set forth in Section 10.6(c). “Rating Agencies” means Standard & Poor’s and Xxxxx’x. “Records” means all Contracts and other documents, books, records and other information (including computer programs, tapes, disks, data processing software and related property and rights) prepared and maintained by or on behalf of the Borrower with respect to Contract Payments and the Obligors thereunder, including all documents, books, records and other information prepared and maintained by the Borrower, TPVG or the Collateral Manager with respect to such Contract Payments or Obligors. “Related Committed Lender” means, with respect to any Uncommitted Lender, each Committed Lender in its Lender Group. “Related Security” means, with respect to each Transferred Contract: (a) all Liens and property subject thereto from time to time securing or purporting to secure any such indebtedness of an Obligor arising under such Transferred Contract (including any security deposits made or required to be made by such Obligor to secure such indebtedness); (b) all guaranties, indemnities and warranties, insurance policies, financing statements and other agreements or arrangements of whatever character from time to time supporting or securing payment of any such indebtedness; (c) all Collections with respect to such Transferred Contract and any of the foregoing; (d) the Contract Collateral, including any Residual, any other property securing an Obligor’s obligations under any Contract and any guarantees or similar credit enhancement for an Obligor’s obligations under any Contract (including all rights of TPVG in any security deposits and maintenance reserves), all UCC financing statements or other filings relating thereto, including all rights and remedies against any Vendor of the Contract Collateral related to the Contracts, and any agreement pursuant to which an Obligor subleases the related Contract Collateral, including all amounts due and to become due to the Borrower thereunder and all rights, remedies, powers, privileges and claims of the Borrower thereunder (whether arising pursuant to the terms of such agreement or otherwise available to the Borrower at law or in equity); USActive 28795333.4728795333.48 39
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