Qualified Substitute Arrangement definition

Qualified Substitute Arrangement has the meaning set forth in Section 10.6(c).

Qualified Substitute Arrangement means an arrangement in addition to or in substitution for any prior interest rate cap arrangement satisfactory to the Rating Agencies.

Qualified Substitute Arrangement shall have the meaning specified in -------------------------------- subsection 4.11(b).

Examples of Qualified Substitute Arrangement in a sentence

• Notwithstanding anything to the contrary in Section 4.11(b) above, the Trustee shall not at any time terminate any such Interest Rate Cap (or such Replacement Interest Rate Cap or Qualified Substitute Arrangement with respect thereto) that comprises all or a portion of any Qualified Substitute Arrangement established pursuant to subsection 4.11(b) unless the latter Qualified Substitute Arrangement has been or is required to be terminated pursuant to this Section 4.11.

• Unless an alternative arrangement pursuant to clause (x) or (y)(i) or (y)(iii) of Section 10.6(c) is being established, the Borrower shall use its best efforts to obtain a Replacement Hedging Agreement or Qualified Substitute Arrangement meeting the requirements of this Section 10.6 during the 30‑day period referred to in Section 10.6(c).

• Any amounts paid pursuant to the Interest Rate Caps or any Qualified Substitute Arrangement on the Transfer Date in any Monthly Period shall be treated for all purposes herein, including application in accordance with subsection 4.9(a) of the Agreement, as if they had been received on the last Business Day of the preceding Monthly Period.

• All amounts paid pursuant to the Interest Rate Caps or any Qualified Substitute Arrangement on any Business Day (a "Cap Settlement Date") shall be deposited in the Cap Proceeds Account.

• 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).

More Definitions of Qualified Substitute Arrangement

Qualified Substitute Arrangement shall have the meaning specified in subsection 3A(d) of this Series Supplement.

Qualified Substitute Arrangement has the meaning set forth in Section 10.6(c). “Rating Agencies” means Standard & Poor’sS&P and Xxxxx’x.

Qualified Substitute Arrangement has the meaning set forth in Section 10.6(c). “Rating Agencies” means S&P and Moody’s.

Qualified Substitute Arrangement shall have the meaning specified in Section 11.6(d) of this Agreement.

Qualified Substitute Arrangement has the meaning set forth in Section 10.6(c). USActive 58353885.2

Qualified Substitute Arrangement shall have the meaning specified in Section 11.6(d) of the Receivables Financing Agreement.

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.