Zero Value Portfolio Asset definition

Zero Value Portfolio Asset. The meaning set forth in the Global Master Repurchase Agreement.
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Zero Value Portfolio Asset means a “Zero Value Portfolio Asset”, as defined in the Indenture.
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Zero Value Portfolio Asset means any Portfolio Asset that: (a) is deemed to be a Zero Value Portfolio Asset pursuant to Section 7(i) above, (b) has been a Defaulted Obligation (as defined in the Reference Obligation Indenture) for a continuous period of 14 calendar days, (c) is an obligation in relation to which the Collateral Manager did not provide an Advance Restructuring Notice when originally due under the Collateral Management Agreement, (d) is an obligation (i) that is the subject of a proposed Material Action and (ii) with respect to which the Collateral Manager has taken any Material Action without obtaining the consent of the Indenture Valuation Agent in accordance with the terms of the Collateral Management Agreement or (e) is an obligation in relation to which the Collateral Manager did not provide a Post-Restructuring Notice when originally due pursuant to the Collateral Management Agreement. Notwithstanding the foregoing, with respect to any Portfolio Asset that is deemed to be a Zero Value Portfolio Asset pursuant to this definition, if the Calculation Agent elects, in its sole discretion, that such Portfolio Asset shall no longer constitute a Zero Value Portfolio Asset, then such Portfolio Asset shall not constitute a Zero Value Portfolio Asset until such time, if any, as such Portfolio Asset would otherwise be deemed to constitute a Zero Value Portfolio Asset pursuant to this definition and the Calculation Agent elects, in its sole discretion, that such Portfolio Asset shall constitute a Zero Value Portfolio Asset. ANNEX B APPROVED DEALERS Bank of America Securities LLC Barclays Bank plc BNP Paribas Cantor Xxxxxxxxxx Castle Oak CIBC World Markets, Inc. Citibank, N.A. Credit Agricole Cheuveux North America, Inc. Credit Suisse First Boston LLC Deutsche Bank Securities Inc. Xxxxxxx Sachs & Co. Guggenheim Global Xxxxxx Xxxxxxxxx & Company Inc. JPMorgan Chase Bank, N.A. Macquarie Xxxxxx Xxxxx Xxxxxxx Securities, LLC Xxxxxx Xxxxxxx & Co. Nomura RBC Capital Markets Corp. SG Americas Securities LLC Sterne, Age & Xxxxx, Inc. The Royal Bank of Scotland plc. UBS AG
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Examples of Zero Value Portfolio Asset in a sentence

  • At any time, the Collateral Manager, on behalf of the Issuer, may by Issuer Order direct the Trustee to, and upon receipt of such Issuer Order, the Trustee shall, transfer from the Custodial Account all or part of any Zero Value Portfolio Asset specified in the direction from the Collateral Manager to the Sole Shareholder or a Person designated by the Sole Shareholder.

  • At any time, the Collateral Manager, on behalf of the Issuer, may by Issuer Order direct the Trustee to, and upon receipt of such Issuer Order, the Trustee shall, transfer from the Custodial Account all or part of any Zero Value Portfolio Asset specified in the direction from the Collateral Manager to the Sole Member or a Person designated by the Sole Member.


More Definitions of Zero Value Portfolio Asset

Zero Value Portfolio Asset means a “Zero Value Portfolio Asset”, as defined in the Indenture. [signatures follow on the next page] By executing this Confirmation and returning it to us, Seller confirms that the foregoing correctly sets out the terms of the agreement of the Parties. Yours faithfully, UBS AG, LONDON BRANCH, In its individual capacity and as Calculation Agent By: _________________________________ Name: Title: By: _________________________________ Name: Title: Confirmed as of the date first above written: BC PARTNERS LENDING CORPORATION By: ________________________ Name: Title: BC Partners – Signature Page to Confirmation
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Zero Value Portfolio Asset. The meaning specified in the Global Master Repurchase Agreement.
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Related to Zero Value Portfolio Asset

  • Portfolio Asset means an asset of an investment fund;

  • Portfolio Value means the aggregate amount of portfolio of investments including cash balance without netting off of leverage undertaken by the CDMDF.

  • Portfolio Assets means the portion of the net assets of the Fund managed by the Sub-Adviser pursuant to the following investment strategy as agreed to by the Adviser and the Sub-Adviser in a separately negotiated investment mandate: Emerging Markets (each a “Strategy”).

  • Eligible Portfolio Investment means any Portfolio Investment held by any Obligor (and solely for purposes of determining the Borrowing Base, Cash and Cash Equivalents held by any Obligor) that, in each case, meets all of the criteria set forth on Schedule 1.01(d) hereto; provided, that no Portfolio Investment, Cash or Cash Equivalent shall constitute an Eligible Portfolio Investment or be included in the Borrowing Base if the Collateral Agent does not at all times maintain a first priority, perfected Lien (subject to no other Liens other than Eligible Liens) on such Portfolio Investment, Cash or Cash Equivalent or if such Portfolio Investment, Cash or Cash Equivalent has not been or does not at all times continue to be Delivered (as defined in the Guarantee and Security Agreement). Without limiting the generality of the foregoing, it is understood and agreed that any Portfolio Investments that have been contributed or sold, purported to be contributed or sold or otherwise transferred to any Financing Subsidiary, or held by any Financing Subsidiary, or which secure obligations of any Financing Subsidiary, shall not be treated as Eligible Portfolio Investments until distributed, sold or otherwise transferred to the Borrower free and clear of all Liens (other than Eligible Liens). Notwithstanding the foregoing, nothing herein shall limit the provisions of Section 5.12(b)(i), which provide that, for purposes of this Agreement, all determinations of whether an Investment is to be included as an Eligible Portfolio Investment shall be determined on a settlement-date basis (meaning that any Investment that has been purchased will not be treated as an Eligible Portfolio Investment until such purchase has settled, and any Eligible Portfolio Investment which has been sold will not be excluded as an Eligible Portfolio Investment until such sale has settled), provided that no such Investment shall be included as an Eligible Portfolio Investment to the extent it has not been paid for in full.

  • Treasury Portfolio Purchase Price means the lowest aggregate price quoted by a primary U.S. government securities dealer in New York City to the Quotation Agent on the third Business Day immediately preceding the Tax Event Redemption Date for the purchase of the Treasury Portfolio for settlement on the Tax Event Redemption Date.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Underlying Asset means the object or underlying asset in a CFD which may be Currency Pairs (for FX Contracts), Equity Indices, base or precious Metals, Forwards, Commodities, Stocks, Shares Indices and Futures. It is understood that the list is subject to change and Clients must refer each time on the Trading Platform.

  • Net Receivables Pool Balance means, at any time: (a) the Outstanding Balance of Eligible Receivables then in the Receivables Pool minus (b) the Excess Concentration.

  • Book Value Per Share is the Bank’s equity capital (excluding FAS 115 and FAS 158 adjustment and Extraordinary Items) at the end of the Plan Year divided by the Plan’s number of Phantom shares of one million three hundred sixty thousand (1,360,000). The following Section 3.2(d) shall be added to the Agreement immediately following Section 3.2(c):

  • Underlying Assets With respect to a Loan, any property or other assets designated and pledged as collateral to secure repayment of such Loan, including, without limitation, to the extent provided for in the relevant Underlying Instruments, a pledge of the stock, membership or other ownership interests in the related Obligor and all Proceeds from any sale or other disposition of such property or other assets.

  • Purchased Loan A motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by CAC or a subsidiary from such Dealer and evidenced by a motor vehicle retail installment sales contract.

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

  • Eligible Receivables means and include with respect to each Borrower, each Receivable of such Borrower arising in the Ordinary Course of Business and which Agent, in its sole credit judgment, shall deem to be an Eligible Receivable, based on such considerations as Agent may from time to time deem appropriate. A Receivable shall not be deemed eligible unless such Receivable is subject to Agent’s first priority perfected security interest and no other Lien (other than Permitted Encumbrances), and is evidenced by an invoice or other documentary evidence satisfactory to Agent. In addition, no Receivable shall be an Eligible Receivable if:

  • Collateral Value The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.

  • Repurchase Value means the Fair Market Value in the event the award to be repurchased under Section 10.2 is comprised of shares of Common Stock and the difference between Fair Market Value and the Exercise Price (if lower than Fair Market Value) in the event the award is a Stock Option or Stock Appreciation Right; in each case, multiplied by the number of shares subject to the award.

  • Portfolio Investment means any Investment held by the Borrower and its Subsidiaries in their asset portfolio.

  • Mortgage Receivable means a promissory note secured by a Mortgage of which the Borrower or a Subsidiary is the holder and retains the rights of collection of all payments thereunder.

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • Net Purchased Loan Balance means, as of any date of determination, an amount equal to (a) the aggregate principal balance of all Portfolio Investments acquired by the Company prior to such date minus (b) the aggregate principal balance of all Portfolio Investments repurchased by the Parent or an Affiliate thereof prior to such date.

  • Adjusted Pool Balance means, on the Closing Date, an amount equal to:

  • Receivables Pool means, at any time of determination, all of the then outstanding Receivables transferred (or purported to be transferred) to the Borrower pursuant to the Purchase and Sale Agreement prior to the Termination Date.

  • Spread Value means, with respect to a share of Stock subject to an Award, an amount equal to the excess of the Fair Market Value, on the date such value is determined, over the Award’s exercise or grant price, if any.

  • Repurchased Receivable means a Receivable purchased by Santander Consumer pursuant to Section 3.4 of the Purchase Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement.

  • Fixed Asset means a tangible non-current asset, including buildings and equipment, acquired not for sale but for use for the Project during the Eligible Expenditure Period;