Replacement Collateral Manager definition
Replacement Collateral Manager. The meaning specified in Section 6.11(a).
Replacement Collateral Manager means the person appointed pursuant to the Collateral Management Agreement to replace the Collateral Manager.
Replacement Collateral Manager means any replacement collateral adviser appointed pursuant to Clause 9.6 (Appointment of Successor) of the Collateral Management Agreement;
Examples of Replacement Collateral Manager in a sentence
Notwithstanding anything herein to the contrary, neither the Administrative Agent nor any Replacement Collateral Manager shall have any right to sell any or all of the Collateral during the time that the BorrowerBorrowers and/or the Transferor isare entitled to exercise itstheir right to purchase the Collateral pursuant to this Section 9.2(c), and any sale of any or all of the Collateral by the Administrative Agent or any Replacement Collateral Manager shall be subject to this Section 9.2(c).
More Definitions of Replacement Collateral Manager
Replacement Collateral Manager. The meaning specified in the Collateral Management Agreement.
Replacement Collateral Manager means the person appointed pursuant to Condition 4(d) (Right to remove the Collateral Manager) to replace the Collateral Manager.
Replacement Collateral Manager has the meaning assigned to that term in
Replacement Collateral Manager. The meaning specified in Section 6.11(a). “Replacement Collateral Manager Fee”: The fee payable to the Replacement Collateral Manager or any successor Collateral Manager on each Payment Date in arrears in respect of each Accrual Period after the resignation or removal of Willow Tree Fund (or any other Affiliate of any Loan Party) as Collateral Manager hereunder, which fee shall be an amount equal to (A) (i) the sum of the Assigned Value of the Outstanding Balance of all Loans owned by the Borrower onBorrowers on each day of such Accrual Period divided by (ii) the number of days in such Accrual Period multiplied by (B) a rate equal to one percent (1.00%) per annum; provided, however, the Replacement Collateral Manager shall be entitled to receive payment for such greater amount as agreed between the Replacement Collateral Manager and the Administrative Agent (as determined in good faith based on, among other things, the market conditions at such time, and shall not, in any event, exceed two percent (2.00%) per annum). “Reportable Event”: A reportable event within the meaning of Section 4043 of ERISA, other than those events as to which the thirty (30) day notice period referred to in Section 4043(c) of ERISA has been waived. “Reporting Date”: The twentieth (20th) day of each calendar month or, if such day is not a Business Day, the next succeeding Business Day, or with respect to any month in which a Payment Date Report is required to be delivered, the day in such month on which such Payment Date Report is required to be delivered pursuant to Section 5.1(q)(i). “Required Funding Amount”: If (i) (A) no Event of Default has occurred and is continuing, and (B) the Revolving Period End Date has not occurred, in each case as of the date of determination and after giving effect to any withdrawal from the Unfunded Exposure Account on such date of determination, the Unfunded Exposure Equity Amount, and (ii) (A) an Event of Default has occurred and continuing, or (B) the Revolving Period End Date has occurred, in either case as of the date of determination and after giving effect to any withdrawal from the Unfunded Exposure Account on such date of determination, the Unfunded Exposure Amount. -57- [Willow Tree II] Loan, Security and Collateral Management Agreement #183807612
Replacement Collateral Manager means a replacement Collateral Manager under the Collateral Management Agreement (other than a replacement manager that is an Affiliate of Holdings). “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA or the regulations issued thereunder with respect to a Pension Plan, other than events for which the thirty (30) day notice period has been waived.
Replacement Collateral Manager. The meaning specified in Section 6.11(a). “Replacement Collateral Manager Fee”: The fee payable to the Replacement Collateral Manager or any successor Collateral Manager on each Payment Date in arrears in respect of each Accrual Period after the resignation or removal of Willow Tree Corporation (or any other Affiliate of any Loan Party) as Collateral Manager hereunder, which fee shall be an amount equal to (A) (i) the sum of the Assigned Value of the Outstanding Balance of all Loans owned by the Borrower on each day of such Accrual Period divided by (ii) the number of days in such Accrual Period multiplied by (B) a rate equal to one percent (1.00%) per annum; provided, however, the Replacement Collateral Manager shall be entitled to receive payment for such greater amount as agreed between the Replacement Collateral Manager and the Administrative -56- [Willow Tree BDC] Amended and Restated Loan, Security and Collateral Management Agreement #506694681
Replacement Collateral Manager shall have the meaning set forth in Section 12(d).