Custodial Certificate definition
Custodial Certificate is defined in Section 14.02(b)(i).
Custodial Certificate shall have the meaning for such term set forth in the Custodian Agreements.
Custodial Certificate means a certificate with respect to Pledged Loan Documents completed and signed by Custodian substantially in the form of Exhibit A attached hereto.
Examples of Custodial Certificate in a sentence
After the Document Custodian’s delivery of the Custodial Certificate, the Collateral Manager shall have ten Business Days to correct any non-compliance with any Review Criteria.
In addition, if requested in writing in the form of Exhibit E-1 by the Collateral Manager and approved by the Administrative Agent within ten Business Days of the Document Custodian’s delivery of such Custodial Certificate, the Document Custodian shall return the Related Documents for any Collateral Loan which fails to satisfy a Review Criteria to the Borrower.
More Definitions of Custodial Certificate
Custodial Certificate is defined in Section 14.02(b)(i). “Daily Simple SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Administrative Agent in accordance with the conventions for this rate recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided, that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion. “Data File” has the meaning assigned to such term in Section 8.06. “Debtor Relief Laws” means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect. “Default” means any event which, with the passage of time, the giving of notice, or both, would (if not cured or otherwise remedied during such time) constitute an Event of Default. “Defaulted Loan” means any Loan as to which any of the following occurs: (a) a default as to all or any portion of one or more payments of principal and/or interest has occurred with respect to such loan (after giving effect to any grace period applicable thereto but in no event exceeding three (3) Business Days past the applicable due date); (b) a default other than a payment default described in clause (a) above (after giving effect to any grace period applicable thereto) and for which the Borrower (or the administrative agent or required lenders pursuant to the Related Documents, as applicable) has elected to exercise any of its rights and remedies under such Related Documents (including, without limitation, acceleration or foreclosing on collateral, but excluding (i) the imposition of default pricing if such default, in the good faith business judgment of the Collateral Manager, did not arise for credit--related reasons or (ii) the exercise of any rights to receive reports or conduct audits); (c) the related Obligor of such loan is subject of an Insolvency Event; (d) any or all of the principal amount due under such loan is reduced or
Custodial Certificate is defined in Section 14.02(b)(i). “Daily Simple SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Administrative Agent in accordance with the conventions for this rate recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided, that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion. “Data File” has the meaning assigned to such term in Section 8.06(a). “Debtor Relief Laws” means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect. “Default” means any event which, with the passage of time, the giving of notice, or both, would (if not cured or otherwise remedied during such time) constitute an Event of Default. “Defaulted Loan” means any Loan as to which any of the following occurs: