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

Nevertheless, if so requested by the Collateral Manager or by a purchaser of any Collateral Asset, Equity Security, Cash Equivalent or other asset, the Borrower shall ratify and confirm any such sale or other disposition by executing and delivering to the Collateral Manager or such purchaser all proper bills of sale, assignments, releases, powers of attorney, proxies, dividends, other orders and other instruments as may reasonably be designated in any such request.
Each Collateral Asset was originated without any fraud or material misrepresentation by the Seller or, to the best of the Seller’s knowledge, on the part of the obligor.
Nothing in this Article VI shall be deemed to permit the Seller to repurchase or substitute any Collateral Asset (i) on any date on which the conditions set forth in Section 5 are not satisfied or (ii) following the occurrence and during the continuance of an Event of Default, in each case, without the prior written consent of the Administrative Agent (which consent may be granted or denied in the Administrative Agent’s sole discretion).
Notwithstanding anything to the contrary herein, any sale of a Collateral Asset contemplated hereunder may take the form of a grant of a 100% undivided participation interest in a Loan that satisfies the Eligibility Criteria (a “Participation Interest”), the legal title to which is held by the Seller, and for which the Buyer shall acquire the Participation Interest and assume and agree to perform and comply with all assumed obligations of the Seller with respect to the related Collateral Asset.
For the avoidance of doubt, nothing in this Section 6.03 shall modify the provisions of the definition of Event of Default in the Credit Agreement with respect to the Buyer’s ability to cure an Event of Default arising from the existence of a Warranty Collateral Asset.

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 and, other than for the purposes of Article IV and Section 5.13(a), the Indirect Collateral Assets, but excluding any Collateral Asset which has been sold and which no longer constitutes part of the Collateral, 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 the real estate and related improvements described in the Mortgage commonly known as Montgomery Mall, Montgomery, Alabama.

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.”

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

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