Revolving Collateral Asset definition

Revolving Collateral Asset means any Collateral Asset (other than a Delayed Drawdown Collateral Asset) that is a loan (including revolving loans, including funded and unfunded portions of revolving credit lines and letter of credit facilities, unfunded commitments under specific facilities and other similar loans and investments) that by its terms may require one or more future advances to be made to the related Obligor by the Borrower; provided that any such Collateral Asset will be a Revolving Collateral Asset only until all commitments to make advances to the Obligor expire or are terminated or irrevocably reduced to zero.
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Revolving Collateral Asset means a loan that is a line of credit or contains an unfunded commitment arising from an extension of credit to an Obligor, pursuant to the terms of which amounts borrowed may be repaid and subsequently reborrowed; provided that any such Collateral Asset will no longer be a Revolving Collateral Asset once all commitments by the Borrower to make advances to the related Obligor expire or are terminated or reduced to zero. “S&P” means S&P Global Ratings (or its successors in interest). “Sale Agreement” means the Purchase and Sale Agreement dated on or about the date hereof between the Transferor and the Borrower. “Sanctioned Country” means, at any time, a country or territory which is the subject or target of any country-based or territory-based Sanctions. “Sanctioned Person” means, at any time, (a) any Person or vessel listed in any Sanctions-related list of designated Persons or other similar list maintained by the Office of Foreign Asset Control (“OFAC”) or the U.S. Department of State or by the United Nations Security Council, the European Union (including any member state thereof) or the United Kingdom, or any other applicable sanctions authority where the Borrower is located or conducts business, or that is the target or subject of Sanctions or any other sanctions authority that is otherwise described in the definition for Sanctions, (b) any Person operating, organized, citizen of, or resident in a Sanctioned Country, (c) any Person owned 50% or more by such Persons described
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Examples of Revolving Collateral Asset in a sentence

  • During the Reinvestment Period, fundings of Delayed Drawdown Collateral Assets and Revolving Collateral Assets shall be made using, first, amounts on deposit in the Unfunded Reserve Account (in an amount equal to the amount on deposit therein with respect to such Delayed Drawdown Collateral Asset or Revolving Collateral Asset), then available Principal Proceeds and finally, borrowing of Advances under Section 2.01.

  • On the Acquisition Date of any Delayed Drawdown Collateral Asset, Revolving Collateral Asset, and on any Payment Date, the Collateral Manager shall instruct the Collateral Agent to withdraw funds from the Collection Account for deposit into the Unfunded Reserve Account, to the extent required so that the amount of funds on deposit in the Unfunded Reserve Account is equal to the Unfunded Reserve Required Amount.

Related to Revolving Collateral Asset

  • Term Loan Collateral Agent means Credit Suisse, Cayman Islands Branch, as collateral agent for the lenders under the Term Loan Credit Agreement, together with its respective successors and permitted assigns under the Term Loan Credit Agreement exercising substantially the same rights and powers, or such other agent as may from time to time be appointed thereunder.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • ABL Collateral Agent means JPMorgan Chase Bank, N.A., in its capacity as collateral agent for the ABL Facility Secured Parties, together with its successors and permitted assigns under the ABL Facility Agreement and the ABL Facility Collateral Documents.

  • Supplemental Collateral Agent has the meaning assigned to that term in subsection 9.1B.