Collateral Loan definition

Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

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Collateral Loan means a Senior Secured Loan, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition or origination by, or contribution to, the Borrower meets each of the following criteria:

Collateral Loan means (a) a loan made by Borrower evidenced by a Collateral Note; (b) all rights, including all rights of repayment, under the Collateral Loan Documents and all other agreements, documents and instruments arising from such loan or relating thereto; and (c) all proceeds arising from such loan or relating thereto (including, but not limited to any collateral acquired by Borrower in the exercise of its rights under the Collateral Loan Documents).

Examples of Collateral Loan in a sentence

Each Loan Party shall at all times provide instructions (or cause instructions to be provided) to each Obligor (or applicable agent) that any payments to be made to it with respect to any Collateral Loan or other Collateral shall be made to the applicable Collection Account or other applicable Covered Account.
Notwithstanding the foregoing, if such Collateral Loan is to be sold to an Affiliate of any Loan Party, such Loan Party shall sell such Collateral Loan at a price not less than the Market Value; provided that, in the case of a Principal Transaction, the Independent Review Party has approved such transaction; provided further that any sale by such Loan Party of a Collateral Loan to any Affiliate shall be subject to the Repurchase and Substitution Limit.
At any time after the end of the Reinvestment Period, all distributions in respect of principal payable under any Revolving Collateral Loan received by the Collateral Agent shall be immediately deposited into the applicable Future Funding Reserve Account but only up to and until the amount on deposit in such Future Funding Reserve Account is equal to the amount of the aggregate Unfunded Amount in the applicable Currency.
Each time that a Loan Party acquires any Collateral Loan or Eligible Investment or other Collateral, such Loan Party shall, if such Collateral Loan or Eligible Investment or other Collateral has not already been transferred to the applicable Custodial Account, transfer or cause the transfer of such Collateral Loan or Eligible Investment and other Collateral to the Custodian to be held for the benefit of the Collateral Agent in accordance with the terms of this Agreement.
Neither any Loan Party nor the Servicer may waive, modify or otherwise vary any provision of an item of Collateral (including, but not limited to, any Collateral Loan) in any manner contrary to the Servicing Standard or which would result in a Default or Event of Default under this Agreement.

More Definitions of Collateral Loan

Collateral Loan means a loan, debt obligation, debt security or Participation Interest that meets each of the following criteria at the time of acquisition thereof by the Borrower (or its binding commitment to acquire the same), provided, that for purposes of determining whether a Collateral Loan constitutes an Ineligible Collateral Loan at any time after the acquisition thereof by the Borrower (or its binding commitment to do the same), the criteria set forth in clauses (k) and (p) shall continue to be evaluated solely as of the date of acquisition thereof:

Collateral Loan means a Senior Secured Loan, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

Collateral Loan. “Eligible Collateral Loan,” “Eligible Country,” “Class 1 Borrowing Base,” “Class 2 Borrowing Base,” “Class 3 Borrowing Base,” “Class 1 Minimum OC Coverage Test,” “Class 2 Minimum OC Coverage Test,” “Class 3 Minimum OC Coverage Test,” “Class 1 Loan,” “Class 2 Loan” or “Class 3 Loan” or any component thereof defined therein (in each case, other than any administrative, non-material amendment agreed to by the Borrower and the Administrative Agent); (h) modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof or (i) extend the Reinvestment Period, in each case to the extent such amendment, modification, waiver or supplement relates to such Lender.

Collateral Loan means, any Eligible Collateral consisting of a loan or an interest in a loan.

Collateral Loan means, as applicable, a Mortgage Loan or a Mezzanine Loan.

Collateral Loan. “Eligible Collateral Loan,” “Eligible Country,” “Class 1 Loan,” “Class 2 Loan”, “Class 3 Loan,” “Class 4 Loan” or “OC Ratio” or any component thereof defined therein (in each case, other than any administrative, non-material amendment agreed to by the Borrower and the Administrative Agent); (h) modify in any other manner the number or percentage of the Lenders required to make any determinations or waive any rights hereunder or to modify any provision hereof or (i) extend the Reinvestment Period, in each case to the extent such amendment, modification, waiver or supplement relates to such Lender.

Collateral Loan means an unconditional obligation for the payment of money that is secured by the pledge of any assets or investments permitted under this section. A collateral loan cannot be a mortgage loan, rated credit instrument, or other debt security as defined in this subsection.