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 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

The Administrative Agent shall not have the right to approve any Collateral Asset that is not a Consent Collateral Asset.
On the Release Date of each Warranty Breach Collateral Asset, the Collateral Agent, for the benefit of the Secured Parties, shall automatically and without further action be deemed to release to the Borrower, without recourse, representation or warranty, all the right, title and interest and any Lien of the Collateral Agent, for the benefit of the Secured Parties in, to and under the Warranty Breach Collateral Asset and all future monies due or to become due with respect thereto.
To the knowledge of the Borrower, each Collateral Asset was acquired by the Borrower without any fraud or misrepresentation on the part of the Obligor.
Notwithstanding any other terms and provisions in this Agreement and the other Transaction Documents, the Borrower shall be permitted to sell or substitute a Warranty Breach Collateral Asset so long as it complies with the terms and provisions of this Section 2.07(c)Section 2.07(c).
On and after the Addition Date with respect to any Collateral Asset, the Collateral Manager will deposit into the Collection Account all Available Collections received in respect of Eligible Collateral Assets being transferred to and included as part of the Collateral Portfolio on such date.

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 means a mortgage loan or controlling pari passu participation interests in mortgage loans, in each case, 100% held by a Parent Borrower as the senior lender thereunder, approved by Bank’s credit committee, in its sole discretion, as eligible for inclusion for the purpose of determining the Borrowing Base established for an Advance as further described in accordance with Section 3.02. A separate Collateral Asset (or REO Property) shall be pledged by Borrower for each Advance. At the time of any Advance, Bank shall classify the applicable Collateral Asset as a Performing Loan or Non-Performing Loan, as further described in the applicable Advance Approval Schedule.

Collateral Asset means each Proposed Collateral Asset for which the applicable conditions for the funding of an Advance to consummate the acquisition of such Asset in Section 3.02 have been satisfied (or waived), but in each case excluding each Collateral Asset that has been released from the Collateral in accordance with Section 5.02(e)(i).

Collateral Asset means the real estate and related improvements described in the Mortgage commonly known as The Great Mall of the Great Plains, Olathe, Kansas.

Collateral Asset. “Collateral Dispute Notice”; “Current Market Price”; “Current Pay Obligation”; “Defaulted Obligation”; “DIP Loan”; “Distressed Exchange Offer”; “Dollar”, “$” and “USD”; “Eligible Collateral Asset”; “First Lien Bank Loan”; “Fitch”; “Foreign Loan”; “Foreign Obligor Notice”; “Laws”; “▇▇▇▇▇’▇”; “Obligations”; “S&P”; “S&P Industry Category”; “Second Lien Bank Loan”; “Senior Secured Bond”; “Senior Subordinated Bond”; Senior Unsecured Bond”; “Structured Finance Security”; “Subordinated Bond.”