Substitute Collateral Obligation definition
Substitute Collateral Obligation. The meaning specified in Section 12.4(b).
Substitute Collateral Obligation. A Collateral Obligation that is acquired by the Issuer in accordance with the Reinvestment Criteria in connection with the sale or other disposal of another Collateral Obligation.
Substitute Collateral Obligation. Each Collateral Obligation conveyed by the Transferor to the Issuer as substitute Collateral Obligation pursuant to Section 12.3(a).
Examples of Substitute Collateral Obligation in a sentence
Any sale of a Collateral Obligation or an Equity Security (other than a Substitute Collateral Obligation) to the Collateral Manager, an Affiliate of the Collateral Manager or an Affiliate of the Issuer shall be at a purchase price at least equal to the current Fair Market Value of such Collateral Obligation or Equity Security and certified by the Collateral Manager to the Collateral Trustee.
More Definitions of Substitute Collateral Obligation
Substitute Collateral Obligation. The meaning specified in Section 12.4(b) (Optional Purchase of any Affiliate Collateral Obligation or Substitution).
Substitute Collateral Obligation has the meaning set forth in Section 2.2(a).
Substitute Collateral Obligation. Collateral Obligations conveyed by the Depositor to the Issuer as substitute Collateral Obligations pursuant to Section 12.3(a).
Substitute Collateral Obligation means a Collateral Obligation purchased in substitution for a previously held Collateral Obligation (whether purchased with Sale Proceeds or other Principal Proceeds in respect of such previously held Collateral Obligation) pursuant to the terms of the Collateral Management and Administration Agreement and which satisfies both the Eligibility Criteria and the Reinvestment Criteria.
Substitute Collateral Obligation has the meaning set forth in Section 2.2(a).