Successor Collateral Manager has the meaning assigned to such term in Section 14.08(a).
Successor Collateral Manager. Defined in Section 6.12(a).
Successor Collateral Manager. Dock Street Capital Management LLC 000-X Xxxxxxxxx Xxxxxx Westport, CT 06880 Phone: (000) 000-0000 Fax: (000) 000-0000 Attn: Xxxxx Xxxxxx
Examples of Successor Collateral Manager in a sentence
The Administrative Agent, with notice to the Equityholder, the Lenders, and the Borrower shall appoint a successor Collateral Manager (the “Successor Collateral Manager”), which, for the avoidance of doubt may be the Administrative Agent or any Lender, and such Successor Collateral Manager shall accept its appointment by a written assumption in a form acceptable to the Administrative Agent in its sole discretion.
More Definitions of Successor Collateral Manager
Successor Collateral Manager means a Collateral Manager appointed to replace the Collateral Manager pursuant to the provisions of this Agreement and which has the Dutch regulatory capacity to render cross border securities services into The Netherlands.
Successor Collateral Manager has the meaning assigned to such term in Section 11.09(a). “Taxes” has the meaning assigned to such term in Section 16.03(a). “Tax Jurisdiction” means any of the Netherlands Antilles, Bermuda, the Cayman Islands, the British Virgin Islands, the Channel Islands, Jersey, the Isle of Man or the Bahamas; provided, in the case of an Obligor organized or incorporated in a Tax Jurisdiction, that in the Collateral Manager’s good faith estimate, a substantial portion of the assets, revenues or operations supporting the related Collateral Loan are directly or through subsidiaries located in, or are obligations of (i) Obligors organized or incorporated in the United States or Canada or (ii) Approved Foreign Obligors (other than those that constitute Tax Jurisdictions). “Term SOFR” means, for the applicable corresponding tenor,has the meaning provided in the definition of “Adjusted Term SOFR Rate.” “Term SOFR Administrator” means CBA (or a successor administrator of the Term SOFR Reference Rate, as selected by the Administrative Agent in its reasonable discretion). “Term SOFR Index Adjustment” means a percentage equal to (a) for a Tranche Period of one month, 0.11448%; and (b) for a Tranche Period of three months, 0.26161%. “Term SOFR Reference Rate” means the forward-looking term rate based on SOFR that
Successor Collateral Manager has the meaning assigned to such term in Section 14.08(a). “Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed by any taxing Governmental Authority, including any interest, additions to tax or penalties applicable thereto.
Successor Collateral Manager means a replacement Collateral Manager appointed in the manner and to the extent provided in the Collateral Management Agreement. “Syndicated Collateral Obligation” means any Collateral Obligation that (i) is Acquired by the Borrower at a price (calculated as of the date of acquisition or commitment to acquire by the Borrower) equal to or greater than 85.0% (expressed as a percentage of par of the related Collateral Obligation Notional Amount but excluding any accrued interest) and, (ii) (a) at the time of determination, (1) is a broadly syndicated commercial loan; (2) is secured by a pledge of collateral, which security interest is validly perfected and is a First Lien Collateral Obligation or a Second Lien Collateral Obligation; (3) has a collateral value or enterprise value securing such Loan Obligation (as determined in good faith by the Collateral Manager on or about the time of origination) that is equal to or in excess of (i) the outstanding principal balance of such Loan Obligation plus (ii) all other loans of equal or higher seniority secured by the same collateral; (4) has a senior facility size of $200,000,000 or greater and has an EBITDA for the prior twelve (12) calendar months of $50,000,000 or greater (af ter giving pro forma ef fect to any acquisition in connection therewith); (5) is rated by either S&P or Xxxxx’x (or the obligor is rated by S&P or Xxxxx’x) at the time of Acquisition by the Borrower; and (6) has a LoanX liquidity score of 1-4 at the time of Acquisition; or (b) is designated as a Syndicated Collateral Obligation on Appendix C-2 on the Closing Date or is otherwise deemed to be a Syndicated Collateral Obligation by the Administrative Agent, in each case determined as of the Closing Date (or the date of Acquisition if later) by the Administrative Agent, provided that if a Collateral Obligation otherwise qualifies on its date of Acquisition as Syndicated Collateral Obligation except for prong (4) above later becomes in compliance with prong (4), the Administrative Agent, at the written request of the Collateral Manager, may reclassify such Collateral Obligation as
Successor Collateral Manager has the meaning assigned to such term in Section 11.08(b). 750499896 22723957 751700376 22723957