Value of the Collateral Obligations definition

Value of the Collateral Obligations means, for the purposes of determining the Value of the Collateral Obligations consequent upon a Collateral Event, the Value of the Collateral Obligations, determined in accordance with the Determination of Value provision set out in this paragraph (t) (together with the amount of any redemption proceeds received in respect thereof) and, for the purpose of such determination, the Calculation Agent shall request each of three dealers in the relevant market to provide its all-in, firm executable bid price in EUR to purchase the Collateral Obligations on the Collateral Event Valuation Date. For the purpose of “Determination of Value” above, each such bid price shall be a “Quotation”. B. Condition 16 shall have the following added to the second paragraph (for the purposes of the Notes only):
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Value of the Collateral Obligations means, for the purposes of determining the Value of the Collateral Obligations consequent upon a Collateral Event, the Value of the Collateral Obligations, determined in accordance with the Determination of Value provision set out in this paragraph (v) (together with the amount of any redemption proceeds received in respect thereof) and, for the purpose of such determination, the Calculation Agent shall request each of three dealers in the relevant market to provide its all-in, firm executable bid price in EUR to purchase the Collateral Obligations on the Collateral EventValuation Date. For the purpose of “Determination of Value” above, each such bid price shall be a “Quotation”. B. Index Events If an Index Event (as defined in the Confirmation) has occurred, then the Issuer, having been given not less than 5 Business Days’ notice by the Counterparty pursuant to the Swap Agreement, shall instruct the Principal Paying Agent to notify the Noteholders of the same and shall redeem the Notes at the Index Early Redemption Amount (as defined in the Confirmation) on the Index Early Redemption Date (as defined in the Confirmation). C. Condition 16 shall have the following added to the second paragraph (for the purposes of the Notes only):
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Examples of Value of the Collateral Obligations in a sentence

  • A decrease in the Market Value of the Collateral Obligations would also adversely affect the proceeds of sale that could be obtained upon the sale of the Collateral Obligations and could ultimately affect the ability of the Issuer to pay in full or redeem the Notes.

  • A decrease in the Market Value of the Collateral Obligations would also adversely affect the proceeds of sale that could be obtained upon the sale of the Collateral Obligations and could ultimately affect the ability of the Issuer to pay in full or redeem the Securities.

  • The Post-Event Amount is an amount determined by Credit Suisse International (acting in its capacity as Calculation Agent) which will take into account (i) the Value of the Collateral Obligations (as defined herein) and (ii) the Asset Swap Gain (or Asset Swap Loss) (as defined herein).

  • A decrease in the Market Value of the Collateral Obligations would also adversely affect the proceeds of sale that could be obtained upon the sale of the Collateral Obligations and could ultimately affectthe ability of the Issuer to pay in full or redeem the Notes.

  • A decrease in the Market Value of the Collateral Obligations would also adversely affect the proceeds ofsale that could be obtained upon the sale of the Collateral Obligations and could ultimately affect the ability of the Issuer to pay in full or redeem the Notes.

  • In determining the Market Value of the Collateral Obligations and Eligible Investments for all other purposes, the bid-side value of each Collateral Obligation and Eligible Investment shall be obtained following the methodology set forth above.

  • In determining the Market Value of the Collateral Obligations and Eligible Investments in connection with the issuance of the Additional Notes and any subsequent additional Notes, the offer-side value of each Collateral Obligation and Eligible Investment shall be obtained following the methodology set forth above.

  • In determining the Market Value of the Collateral Obligations and Eligible Investments in connection with an Optional Redemption in part, the Market Value will be reduced by all anticipated reasonable expenses incurred in connection with such Optional Redemption in part, as determined by the Investment Manager.

  • A decrease in the Market Value of the Collateral Obligations would also adversely affect the proceeds of sale that could be obtained upon the sale of the Collateral Obligations and could ultimately affect the ability of the Issuer to pay in full or redeem or repay (as applicable) the Debt.

  • Adecreasein the Market Value of the Collateral Obligations would also adversely affect the proceeds of sale that could be obtained upon the sale of the Collateral Obligations and could ultimately affect the ability of the Issuer to pay in full or redeem the Notes.

Related to Value of the Collateral Obligations

  • Collateral Obligation means a Loan or a Participation Interest owned by the Borrower or a Securitization Subsidiary, excluding the Retained Interest thereon.

  • Schedule of Collateral Obligations means the list or lists of Collateral Obligations attached to each Asset Approval Request and each Reinvestment Request. Each such schedule shall identify the assets that will become Collateral Obligations, shall set forth such information with respect to each such Collateral Obligation as the Borrower or the Facility Agent may reasonably require and shall supplement any such schedules attached to previously-delivered Asset Approval Requests and Reinvestment Requests.

  • Delayed Drawdown Collateral Obligation A Collateral Obligation that (a) requires the Issuer to make one or more future advances to the borrower under the Underlying Documents relating thereto, (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the borrower thereunder; but any such Collateral Obligation will be a Delayed Drawdown Collateral Obligation only until all commitments by the Issuer to make advances to the borrower expire or are terminated or are reduced to zero.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Refinancing Effective Date shall have the meaning assigned to such term in Section 2.21(j).