Collateral Loan definition

Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

Collateral Loan means a Loan owned by the Borrower and included as part of the Collateral.

Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower. For the avoidance of doubt, any loan, debt obligation, debt security or participation therein acquired by the Borrower by operation of a Macomb Merger shall be a Collateral Loan.

Examples of Collateral Loan in a sentence

• Collateral Loan means all present and future amounts owing by you to us, including interest, pursuant to a Commitment Letter or Loan Agreement, guarantee or any other document that you have agreed will be secured by the Property.

• Without limiting the previous sentence, Collateral Loan debt includes any debt, past, present or future, direct or indirect, absolute or contingent, matured or not, remaining unpaid by you to us, whether arising from dealings between you and us or from any other dealings or proceedings by which we may in any manner be or become your lender, however incurred, whether incurred by you alone or with others and whether as principal or as surety.

• If the Mortgage secures Collateral Loan debt and Fixed Interest Rate debt and/ or Variable Interest Rate debt, the provisions of the section called "Lines of Credit and Redrawable Mortgages" of the Additional Provisions apply only to the Collateral Loan debt.

• The Mortgage will continue to secure all of the debt owing, and you will continue to be liable for all of the debt owing, even if, at any time, the form of debt changes in any way, for example Variable Interest Rate debt or Fixed Interest Rate debt becomes Collateral Loan debt, or the Mortgage secures additional debt.

• Without limiting the previous sentence, Collateral Loan debt includes any debt, past, present or future, direct or indirect, absolute or contingent, matured or not, remaining unpaid by you to us, whether arising from dealings between you and us or from any other dealings or proceedings by which we may in any manner be or become your Lender, however incurred, whether incurred by you alone or with others and whether as principal or as surety.

More Definitions of Collateral Loan

Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

Collateral Loan means a loan, debt obligation, debt security or Participation Interest that meets each of the following criteria at the time of acquisition thereof by the Borrower (or its binding commitment to acquire the same), provided, that for purposes of determining whether a Collateral Loan constitutes an Ineligible Collateral Loan at any time after the acquisition thereof by the Borrower (or its binding commitment to do the same), the criteria set forth in clauses (k) and (p) shall continue to be evaluated solely as of the date of acquisition thereof:

Collateral Loan means (i) a term loan secured in whole or in part by manufactured housing owing by a Collateral Loan Obligor pursuant to the Collateral Documents to Debtor; (ii) all rights, including all rights of repayment, under the Collateral Documents and all other agreements, documents and instruments arising from such term loan or relating thereto; and (iii) all proceeds arising from such term loan or relating thereto (including, but not limited to any manufactured housing and other goods acquired by Debtor in the exercise of its rights under the Collateral Documents).

Collateral Loan means a Loan that is owned by the Borrower and included as part of the Collateral.

Collateral Loan means a Senior Secured Loan, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

Collateral Loan means a loan, debt obligation or debt security acquired by the Borrower (including Participation Interests).

Collateral Loan. “Eligible Collateral Loan,” “Eligible Country,” “Class 1 Borrowing Base,” “Class 2 Borrowing Base,” “Class 3 Borrowing Base,” “Class 1 Minimum OC Coverage Test,” “Class 2 Minimum OC Coverage Test,” “Class 3 Minimum OC Coverage Test,” “Class 1 Loan,” “Class 2 Loan” or “Class 3 Loan” or any component thereof defined therein (in each case, other than any administrative, non-material amendment agreed to by the Borrower and the Administrative Agent); (h) modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof or (i) extend the Reinvestment Period, in each case to the extent such amendment, modification, waiver or supplement relates to such Lender.