Collateral Asset definition

Collateral Asset means any loan (including any Bank Loan), security, cash or other asset owned or held by the Borrower, in each case whether or not given credit in the Borrowing Base or having a positive Advance Rate.

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Collateral Asset has the meaning specified in Annex C.

Collateral Asset means a commercial loan or bond (or Participation Interest therein) owned or, as set forth in Section 1.04, committed to be acquired or funded, by the Borrower.

Examples of Collateral Asset in a sentence

• Bank’s security interest in a Collateral Asset, REO Property or the Collateral as a whole, shall terminate only upon (i) in the case of an individual Collateral Asset or REO Property, as applicable, the repayment in full of the Release Amount with respect thereto in accordance with this Agreement, and (ii) in the case of the Collateral as a whole, the payment in full of all Obligations and the Bank’s commitment to Borrower under this Agreement has been terminated.

• The Borrower will not consent to any Account Debtor incurring any indebtedness that is prohibited under the Collateral Asset Documents, without first obtaining the Bank’s prior written consent.

• In addition, and for the avoidance of doubt, Parent Borrower shall not, without the Bank’s prior written consent, make any Significant Collateral Asset Modification.

• If the Borrower receives a principal paydown on any Collateral Asset (whether voluntary, involuntary or otherwise) in part, the Borrower shall direct a certain amount of such principal paydown to make a corresponding principal payment to applicable Advance consistent with Section 2.02(c) hereof.

• For the avoidance of doubt, any agreement of Borrower to accept a discounted payoff of any Collateral Asset shall be subject in all cases to the Bank’s prior review and approval.

More Definitions of Collateral Asset

Collateral Asset means any loan, security, cash or other asset owned or held by the applicable Loan Party, in each case whether or not given credit in the Borrowing Base or having a positive Advance Rate.

Collateral Asset means each or any, as the context may require, of the Identified Assets and Additional Assets over which security is granted to secure Program Debt but excluding any Collateral Asset which has been sold and which no longer constitutes part of the security, in each case in accordance with this Agreement.

Collateral Asset means any commercial loan now or hereafter listed on Schedule A to this Agreement, but excluding Excluded Amounts; provided, however, that to the extent the Transferee acquires more than one position of a commercial loan on separate dates, each such position shall be treated as a separate Collateral Asset for all purposes hereunder and under each other Transaction Document.

Collateral Asset has the meaning specified in Annex C. “Collateral Dispute Notice” has the meaning specified in Annex C. 5

Collateral Asset means the real estate and related improvements commonly known as Town Center Plaza, Leawood, Kansas.

Collateral Asset means the real estate and related improvements commonly known as Landing at Tradition and more particularly described in Exhibit “A” to the Mortgage.

Collateral Asset means USD 44,000,000 nominal amount of the Floating Rate Notes issued by the Collateral Asset Issuer (ISIN: US225434CG25).