Seasoned Collateral definition

Seasoned Collateral means Expected ABS Collateral that has been acquired by the applicable Borrower in an arm’s length primary or secondary market transaction within 30 days prior to the applicable Loan Subscription Date (with the date of acquisition measured from the relevant pricing or trade date) and the purchase of which settled prior to such Loan Subscription Date. It is understood and agreed that New Issue SBA ABS shall not be treated as Seasoned Collateral. Stated Maturity Date, with respect to any Loan, means the third anniversary of the Applicable Loan Closing Date.
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Seasoned Collateral means Expected ABS Collateral that has been acquired by the applicable Borrower prior to the applicable Loan Closing Date. Stated Maturity Date, with respect to any Loan, means the third anniversary of the Applicable Loan Closing Date.
Sample 1Sample 2
Seasoned Collateral means Expected ABS Collateral that has been acquired by the applicable Borrower in an arm’s length primary or secondary market transaction within 30 days prior to the applicable Loan Closing DateSubscription Date (with the date of acquisition measured from the relevant pricing or trade date) and the purchase of which settled prior to such Loan Subscription Date. It is understood and agreed that New Issue SBA ABS shall not be treated as Seasoned Collateral. Stated Maturity Date, with respect to any Loan, means the third anniversary of the Applicable Loan Closing Date. Student Loan Collateral means securities backed by private student loans.
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Examples of Seasoned Collateral in a sentence

  • Notwithstanding the provisions of this Agreement, the Issuer, so long as the EU Acquisition Test and the other conditions set forth in the Indenture are met, may also acquire Collateral Obligations that are not Affiliate Originated Collateral Obligations or Retention Holder Seasoned Collateral Obligations directly from the seller thereof in a secondary market purchase.

  • To request Revolving Loans to finance additional Eligible Seasoned Collateral (as opposed to refinancing Debt secured by existing Eligible Seasoned Collateral held by Texas Commerce), the Borrowers shall give the Seasoned Warehouse Agent a Request for Advance as soon as practicable before the proposed Disbursement Date for the Revolving Loan to finance such additional Eligible Seasoned Collateral.

  • For each grouping of additional Eligible Seasoned Collateral, such Request for Advance shall be accompanied by a Submission List listing in reasonable detail the additional Eligible Seasoned Collateral and shall specify the principal amount and the proposed Disbursement Date for such Revolving Loan and the Company's deposit account with the Seasoned Warehouse Agent into which its proceeds are to be deposited.

Related to Seasoned Collateral

  • Combined Collateral LLC: Combined Collateral LLC, a Delaware limited liability company.

  • As-Extracted Collateral means “as-extracted collateral” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York.

  • Excluded Collateral shall have the meaning assigned to such term in the Security Agreement.

  • Pledged or Controlled Collateral has the meaning assigned to such term in Section 5.05(a).

  • Shared Collateral means, at any time, Collateral in which the holders of two or more Series of First-Lien Obligations hold a valid and perfected security interest at such time. If more than two Series of First-Lien Obligations are outstanding at any time and the holders of less than all Series of First-Lien Obligations hold a valid and perfected security interest in any Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of First-Lien Obligations that hold a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not have a valid and perfected security interest in such Collateral at such time.

  • Control Collateral means any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Investment Property, Deposit Account, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor.

  • Trade Secrets Collateral means all common law and statutory trade secrets and all other confidential or proprietary or useful information and all know-how obtained by or used in or contemplated at any time for use in the business of the Grantor (all of the foregoing being collectively called a "Trade Secret"), whether or not such Trade Secret has been reduced to a writing or other tangible form, including all documents and things embodying, incorporating or referring in any way to such Trade Secret, all Trade Secret licenses, including each Trade Secret license referred to in Schedule V attached hereto, and including the right to xxx for and to enjoin and to collect damages for the actual or threatened misappropriation of any Trade Secret and for the breach or enforcement of any such Trade Secret license.

  • UCC Collateral is defined in Section 3.03.

  • Permitted Collateral Liens means (a) in the case of Collateral other than Mortgaged Property, the Liens permitted under Section 6.01 and (b) in the case of Mortgaged Property, “Permitted Collateral Liens” shall mean the Liens described in clauses (a), (c), (d), (g), (h), (o), (p) and (u) of Section 6.01.

  • Contested Collateral Lien Conditions means, with respect to any Permitted Lien of the type described in clauses (a), (b), (e) and (f) of Section 6.02, the following conditions:

  • 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.

  • Pledged Collateral has the meaning assigned to such term in Section 2.01.

  • Posted Collateral means all Eligible Collateral, other property, Distributions, and all proceeds thereof that have been Transferred to or received by the Secured Party under this Annex and not Transferred to the Pledgor pursuant to Paragraph 3(b), 4(d)(ii) or 6(d)(i) or released by the Secured Party under Paragraph 8. Any Interest Amount or portion thereof not Transferred pursuant to Paragraph 6(d)(ii) will constitute Posted Collateral in the form of Cash.

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • Swap Collateral means all right, title and interest of Party B in this Agreement, each Transaction hereunder, and all present and future amounts payable by Party A to Party B under or in connection with this Agreement or any Transaction governed by this Agreement, including, without limitation, any transfer or termination of any such Transaction.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Excluded Personal Property has the meaning set forth in Section 2.2(c).

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any mortgage, deed of trust, security agreement, pledge agreement, assignment or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

  • Pledged Investment Property means any investment property of any Grantor, and any distribution of property made on, in respect of or in exchange for the foregoing from time to time, other than any Pledged Stock or Pledged Debt Instruments. “Pledged Investment Property” excludes any Excluded Property.

  • Second Lien Collateral means all “Collateral”, as defined in any Second Lien Document, and any other assets of any Grantor now or at any time hereafter subject to Liens which secure, but only to the extent securing, any Second Lien Obligations.

  • Exempt Property means tangible personal property acquired in whole or in part with Federal funds, where the Federal awarding agency has statutory authority to vest title in the recipient without further obligation to the Fed- eral Government. An example of ex- empt property authority is contained in the Federal Grant and Cooperative Agreement Act (31 U.S.C. 6306), for property acquired under an award to conduct basic or applied research by a non-profit institution of higher edu- cation or non-profit organization whose principal purpose is conducting scientific research.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Additional Pledged Collateral means any Pledged Collateral acquired by any Grantor after the date hereof and in which a security interest is granted pursuant to Section 2.2 (Grant of Security Interest in Collateral), including, to the extent a security interest is granted therein pursuant to Section 2.2 (

  • Foreign Collateral means all Collateral of Foreign Loan Parties securing the Guaranteed Foreign Obligations.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.