Collateral Change definition
Examples of Collateral Change in a sentence
If, due to a full release of collateral, filer no longer claims a security interest under the identified financing statement, check box in item 2 (Termination) and not a box in item 8 (Collateral Change).
All title exceptions are subject to the Lenders' review and approval, and any liens of prior mortgagees or creditors shall be satisfied or released on or before the Collateral Change Date.
The Issuer (or the Trustee on behalf of the Issuer) may post the information contained in a Payment Date Report, Daily Report or Collateral Change Event and Repayment Date Report to a password-protected internet site accessible only to the Holders of the Notes and to the Collateral Manager.
On the Collateral Change Date, Borrower shall cause Title Insurer to deliver its marked original Title Commitment indicating the proper satisfaction of all conditions to issuance of a title insurance policy or endorsement thereof, as the case may be, insuring the Lenders, its successors and assigns as their interests may appear, based on such Title Commitment subject only to those matters and exceptions to coverage as set forth in the Title Commitment as previously may have been approved by the Lenders.
The Issuer (or the Trustee on behalf of the Issuer) may post the information contained in a Payment Date Report, Daily Report or Collateral Change Event and Repayment Date Report to a password-protected internet site.
If, due to a full release of all collateral, filer no longer claims a security interest under the identified financing statement, check box 2 (Termination) and not box 8 (Collateral Change).
Prior to the Collateral Change Settlement Date, the Sole Member shall contribute to the Issuer each Replacement Asset described in clause (a) or (b) of the definition thereof that is identified in any Collateral Change Event Notice in accordance with the requirements of this Section 3.
Prior to the Collateral Change Settlement Date, the Sole Shareholder shall contribute to the Issuer each Replacement Asset described in clause (a) or (b) of the definition thereof that is identified in any Collateral Change Event Notice in accordance with the requirements of this Section 3.
The Collateral Administrator shall provide such items (other than the Daily Reports and the Collateral Change Event and Repayment Date Reports required to be prepared and delivered on any Collateral Change Trade Date or Repayment Date pursuant to Section 10.5(c)(ii)) to the Collateral Manager no later than three (3) Business Days prior to the due date as set forth above to enable such review by the Collateral Manager.
Without obtaining the prior written consent of Lender, Borrower will not consent to, or vote in favor of, the inclusion of all or any part of the Collateral (other than Collateral that is in improvement districts as of the Effective Date or upon addition as Collateral in connection with a Collateral Change) in any community facilities district or other improvement district.