Substitute Eligible Loan Asset definition

Substitute Eligible Loan Asset means each Eligible Loan Asset Pledged by the Borrower to the Collateral Agent, on behalf of the Secured Parties, pursuant to Section 2.07(a) or Section 2.07(c)(ii).
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Substitute Eligible Loan Asset means each Eligible Loan Asset Pledged by the Borrower to the Collateral Agent, on behalf of the Secured Parties, pursuant to Section 2.07(a) or Section 2.07(e)(ii).
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Substitute Eligible Loan Asset has the meaning specified in Section 6.2(a).
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Examples of Substitute Eligible Loan Asset in a sentence

  • It is understood and agreed that the obligation of the Contributor to purchase the Loan Assets or substitute a Substitute Eligible Loan Asset for the Loan Assets which are affected by or related to such Contributor Receipt Event is not intended to, and shall not, constitute a guaranty of the collectability or payment of any Loan Asset which is not collected, not paid or uncollectible on account of the insolvency, bankruptcy or financial inability to pay of the related Obligor.


More Definitions of Substitute Eligible Loan Asset

Substitute Eligible Loan Asset means each Eligible Loan Asset Granted by a Loan Party to the Collateral Agent, on behalf of the Secured Parties, pursuant to Section 2.07(c)(ii).
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Substitute Eligible Loan Asset means each Eligible Loan Asset transferred to the Borrower pursuant to the terms of the Purchase and Sale Agreement, as contemplated by Section 2.07(a) or Section 2.07(e)(ii).
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Substitute Eligible Loan Asset for a Loan Asset (each such act, a “Substitution”).
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Substitute Eligible Loan Asset has the meaning set forth in the Loan Agreement.
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Related to Substitute Eligible Loan Asset

  • Eligible Loan means a Loan offered for sale or substituted by Seller under a Sale Agreement which as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, is current or not more past due than permitted under such Sale Agreement in payment of principal or interest and which meets the following criteria as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the effective date of the related Xxxx of Sale, in the case of any Additional Loan or Substituted Loan:

  • Loan Asset means each commercial loan identified on Schedule A hereto, and each commercial loan identified on any Purchase Notice.

  • Eligible Receivable means, at any time, a Receivable: