Collateral Agent Termination Notice definition
Collateral Agent Termination Notice has the meaning assigned to that term in Section 10.05.
Collateral Agent Termination Notice. The meaning specified in Section 7.5.
Collateral Agent Termination Notice. The meaning specified in Section 7.5. “Collateral Manager”: The meaning specified in the Preamble. “Collateral Manager Default”: The occurrence of any one or more of the following: (a) the Collateral Manager in bad faith willfully violates, or takes any action that it knows breaches, any material provision of any Transaction Document applicable to it (other than a willful and intentional breach that results from a good faith dispute regarding reasonable alternative courses of action or interpretation of instructions); (b) the Collateral Manager fails to observe or perform any covenant or agreement applicable to it in any Transaction Document which has a Material Adverse Effect on the Lenders (it being understood and agreed that the Collateral Manager shall have no responsibility for the creditworthiness or continuing eligibility of any Eligible Portfolio Asset) and such failure continues unremedied for a period of 15 days (if such failure can be remedied) after the earlier to occur of (A) a Responsible Officer of the Collateral Manager’s actual knowledge of such failure or (B) its receipt of written notice of such failure; (c) any representation, warranty or certification made by the Collateral Manager in any Transaction Document or in any certificate delivered pursuant to any Transaction Document shall prove to have been incorrect when made, which has a material adverse effect on any Lender, the Collateral Agent or the Administrative Agent and which continues to be unremedied for a period of 15 days after the earlier to occur of (A) a Responsible Officer of the Collateral Manager’s actual knowledge of such failure or (B) its receipt of written notice of such failure; (d) the occurrence of an Event of Default that results primarily from any material breach by the Collateral Manager of its duties under the Transaction Documents and which continues to be unremedied for a period of ten (10) Business Days; (e) the Collateral Manager, New Mountain Finance Advisers L.L.C. and Affiliates collectively fail to maintain the USD Equivalent of at least $3,000,000,000 of assets under its management; (f) New Mountain Guardian IV BDC, L.L.C. (or an Affiliate thereof) ceases to be the Collateral Manager unless it is removed pursuant to Section 6.11; (g) an Insolvency Event shall occur with respect to the Collateral Manager; (h)
Examples of Collateral Agent Termination Notice in a sentence
Upon the Collateral Agent’s receipt of a Collateral Agent Termination Notice from the Administrative Agent of the designation of a successor Collateral Agent pursuant to the provisions of Section 10.05, the Collateral Agent agrees that it will terminate its activities as Collateral Agent hereunder.
More Definitions of Collateral Agent Termination Notice
Collateral Agent Termination Notice has the meaning assigned to that term in “Collateral Custodian” means W▇▇▇▇ Fargo, not in its individual capacity, but solely as collateral custodian pursuant to the terms of this Agreement. “Collateral Custodian Expenses” means the expenses set forth in the W▇▇▇▇ Fargo Fee Letter and any other accrued and unpaid expenses (including attorneys’ fees, costs and expenses) and indemnity amounts payable by the Borrower to the Collateral Custodian under the Transaction Documents. “Collateral Custodian Fees” means the fees set forth in the W▇▇▇▇ Fargo Fee Letter, as such fee letter may be amended, restated, supplemented and/or otherwise modified from time to time. “Collateral Custodian Termination Notice” has the meaning assigned to that term in Section 11.05. “Collateral Database” has the meaning assigned to that term in Section 10.02(b)(iv). “Collateral Portfolio” means all right, title, and interest (whether now owned or hereafter acquired or arising, and wherever located) of the Borrower in, to and under all accounts, cash and currency, chattel paper, tangible chattel paper, electronic chattel paper, copyrights, copyright licenses, equipment, fixtures, contract rights, general intangibles, instruments, certificates of deposit, certificated securities, uncertificated securities, financial assets, securities entitlements, commercial tort claims, deposit accounts, inventory, investment property, letter-of-credit rights, software, supporting obligations, accessions, or other property of the Borrower, including all right, title and interest of the Borrower in the following (in each case excluding the Retained Interest and the Excluded Amounts): (a) the Loans and all monies due or to become due in payment under such Loans on and after the related Addition Date, including, but not limited to, all Available Collections; (b) the Portfolio Assets with respect to the Loans referred to in clause (a);
Collateral Agent Termination Notice has the meaning assigned to that term in Section 10.05. “Collateral Asset” means any commercial loan or bond (including Participation Interests therein) that the Borrower funds or acquires from any third party seller or the Transferor, which loan or bond includes, without limitation, (i) the Required Loan Documents and Collateral Asset File, and (ii) all right, title and interest of such third party seller or the Transferor in and to the loan or bond and any Underlying Collateral, but excluding, in each case, the Retained Interest and Excluded Amounts.
Collateral Agent Termination Notice has the meaning assigned to that term in Section 10.05. “Collateral Asset” means any commercial loan or bond (including Participation Interests therein) that the Borrower funds or acquires from any third party seller or the Transferor, which loan or bond includes, without limitation, (i) the Required Loan Documents and Collateral Asset File, and (ii) all right, title and interest of such third party seller or the Transferor in and to the loan or bond and any Underlying Collateral, but excluding, in each case, the Retained Interest and Excluded Amounts. “Collateral Asset File” means, with respect to each Collateral Asset, a file containing duly executed originals and copies (as identified on the Document Checklist) of any other Records (not otherwise included in the Required Loan Documents) relating to such Collateral Assets and Portfolio Assets pertaining thereto. “Collateral Asset Register” has the meaning assigned to that term in Section 5.03(d). “Collateral Asset Tape” means the loan tape to be delivered in connection with each Collateral Manager Report, Collateral Manager Advance Date Report, on each Borrowing Base Inclusion Date and the date of each Transaction (other than an Addition) (unless otherwise noted below) which loan tape shall include (but not be limited to) the aggregate Outstanding Balance of all Collateral Assets and, with respect to each Collateral Asset, the following information as of the Collateral Asset Tape Cut-off Date:
Collateral Agent Termination Notice has the meaning assigned to that term in Section 11.05. DMSLIBRARY01\32370595.v1
Collateral Agent Termination Notice has the meaning assigned to that term in Section 10.05. BUSINESS.29976944.129976944.10