Substitute Collateral Obligations definition
Examples of Substitute Collateral Obligations in a sentence
All capital contributions in cash from the Equity Owner, all proceeds of borrowings made hereunder and all Principal Proceeds received that have not been reinvested in Substitute Collateral Obligations upon the receipt of such Principal Proceeds shall be deposited into the Principal Collection Account.
In addition, in accordance with Condition 3(c) (Priorities of Payments), the Collateral Manager may, in its sole discretion, elect to designate that the Senior Management Fee and/or the Subordinated Management Fee be designated for reinvestment or deferred to be used to purchase Substitute Collateral Obligations.
Upon the request of the Issuer or the Trustee, the Custodian shall provide such Person a list of all Collateral Debt Obligations, Additional Collateral Debt Obligations, Substitute Collateral Obligations, Equity Securities or Exchanged Equity Securities for which it holds Collateral Documents pursuant to this Indenture.
All Principal Proceeds received in respect of all Buffer Assets that have not been reinvested in Substitute Collateral Obligations upon the receipt of such Principal Proceeds shall be deposited into the Buffer Asset Principal Collection Account.
The Collateral Manager may, at its sole discretion, designate all or a part of the Incentive Collateral Management Fee for reinvestment in Substitute Collateral Obligations.
The Collateral Manager will monitor the impact of the Substitute Collateral Obligations on the Coverage Tests and the general credit quality of the pool.
All capital contributions in cash from the Equity Owner, all proceeds of Loans made hereunder and all Principal Proceeds received in respect of all Collateral Obligations (other than Buffer Assets) that have not been reinvested in Substitute Collateral Obligations upon the receipt of such Principal Proceeds shall be deposited into the Borrowing Base Principal Collection Account.