Defaulted Assets definition

Defaulted Assets means (i) Credit Tenant Lease Assets that are vacant and not subject to an agreement of lease, (ii) Credit Tenant Lease Assets where the tenant is in monetary or other material default beyond any applicable notice and grace periods, and (iii) Loan Assets where the applicable borrower is in monetary or other material default beyond any applicable notice and grace periods.
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Defaulted Assets. “EBITDA”; “Fixed Charges”; “Governmental Acts”; “Guarantee Agreement”; “Guarantors”; “Indenture”; “Interest Expense”; “Letter of Credit Collateral”; “Letter of Credit Collateral Account”; “Letter of Credit Documents”; “Mandatory Borrowing”; “Negative Pledge”; “Net Income”; “Net Offering Proceeds”; “Net Worth”; “Permitted Liens”; “REIT”; “Secured Debt”; “Swingline Commitment”; “Total Indebtedness”; “Undepreciated Real Estate Assets”; “Unencumbered Asset”; “Unreimbursed Obligation”; “Unsecured Debt”; “Value”;
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Defaulted Assets means, as of any date of determination, the positive excess of:
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Examples of Defaulted Assets in a sentence

  • For the avoidance of doubt, neither the Administrator nor any Purchaser shall release any of its right, title and interest (including any security interest) in any property other than such Subject Defaulted Assets pursuant to this clause (b), and none of them is hereby consenting to any sale, transfer or assignment by the Seller of any Receivables or any Related Security other than the Subject Defaulted Assets to ABDC pursuant to this Section 13.17 and such Defaulted Receivables Assignment Agreement.

  • Any sale by the Seller to ABDC of Subject Defaulted Assets in accordance with this Section 13.17 shall constitute a “Permitted Defaulted Assets Transaction”.

  • Realization upon Defaulted Assets.........................................................

  • Management of REO Properties and Mortgaged Properties relating to Defaulted Assets Section 3.18.

  • Management of REO Properties and Mortgaged Properties relating to Defaulted Assets.

  • Management of REO Properties and Mortgaged Properties relating to Defaulted Assets 64 Section 3.18.

  • Management of REO Properties and Mortgaged Properties relating to Defaulted Assets 70 Section 3.18.

  • Subject to Section 7.04(b), the Borrower will use commercially reasonable efforts to Liquidate all Defaulted Assets and any other assets declared ineligible for the CLO by the Administrative Agent as soon as reasonably practicable following such default or determination of such status.

  • The Seller and the Servicer hereby notify the Administrator that they desire to (i) enter into a Permitted Defaulted Assets Transaction on or about , 20 (the “Subject Date”), pursuant to which the Seller shall sell, transfer and assign all of its rights, title and interest in each of the Defaulted Receivables listed on Exhibit A hereto (the “Subject Defaulted Receivables”) and (ii) cause such sale of Subject Defaulted Receivables to be made pursuant to a Defaulted Receivables Assignment Agreement.

  • Management of Properties Relating to Defaulted Assets 49 Section 3.15.


More Definitions of Defaulted Assets

Defaulted Assets means, collectively, the Defaulted Receivables and the Defaulted Securities. “Defaulted Receivables” means any Receivables which:
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Defaulted Assets means, as of any date of determination, (i) if the claims paying ability of the Surety Provider on the date of determination is rated at least CCC- by Standard & Poor's, Caa3 by ▇▇▇▇▇'▇ or CCC- by Fitch, a dollar amount equal to zero and (ii) if the conditions on (i) are not met, the positive excess of Eiffel's Loans Outstanding over the sum of (a) Adjusted Eligible Contracts Balance and (b) any amounts held by the Collateral Agent and available to apply against ▇▇▇▇▇▇'s Loans Outstanding.
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Related to Defaulted Assets

  • Defaulted Asset Any Asset, Purchased Asset or Mortgage Loan, as applicable, (a) that is thirty (30) or more days (or, in the case of payments due at maturity, one (1) day) delinquent in the payment of principal, interest, fees, distributions or any other amounts payable under the related Mortgage Loan Documents, in each case, without regard to any waivers or modifications of, or amendments to, the related Mortgage Loan Documents, other than those that were disclosed in writing to Buyer prior to the Purchase Date of the related Purchased Asset, unless consented to by Buyer in accordance with the terms of this Agreement, (b) for which there is a Representation Breach with respect to such Asset or Purchased Asset, other than an Approved Representation Exception, (c) for which there is a non-monetary default under the related Mortgage Loan Documents beyond any applicable notice or cure period in each case, without regard to any waivers or modifications of, or amendments to, the related Mortgage Loan Documents, other than those that were disclosed in writing to Buyer prior to the Purchase Date of the related Purchased Asset, (d) as to whose Underlying Obligor an Insolvency Event has occurred, (e) with respect to which there has been an extension, amendment, waiver or other modification to the terms of, or any collateral, guaranty or indemnity for, or the exercise of any material right or remedy of a holder (including all lending, corporate and voting rights, remedies, consents, approvals and waivers) of any related loan or participation document that has a material adverse effect on the value in such asset, as determined by Buyer, or (f) for which Seller or a Servicer has received notice of the foreclosure or proposed foreclosure of any Lien on the related Mortgaged Property; provided that with respect to any Senior Interest, in addition to the foregoing such Senior Interest will also be considered a Defaulted Asset to the extent that the Mortgage Loan would be considered a Defaulted Asset as described in this definition provided, however, in each case, without regard to any waivers or modifications of, or amendments to, the related Mortgage Loan Documents.

  • Defaulted Amounts means any amounts on any Note (including, without limitation, the Redemption Price, the Fundamental Change Repurchase Price, principal and interest) that are payable but are not punctually paid or duly provided for.

  • Defaulted Account means an Account in which there are Defaulted Receivables.

  • Defaulted Amount means, with respect to any Lender Party at any time, any amount required to be paid by such Lender Party to any Agent or any other Lender Party hereunder or under any other Loan Document at or prior to such time that has not been so paid as of such time, including, without limitation, any amount required to be paid by such Lender Party to (a) the Swing Line Bank pursuant to Section 2.02(b) to purchase a portion of a Swing Line Advance made by the Swing Line Bank, (b) the Issuing Bank pursuant to Section 2.03(c) to purchase a portion of a Letter of Credit Advance made by the Issuing Bank, (c) the Administrative Agent pursuant to Section 2.02(e) to reimburse the Administrative Agent for the amount of any Advance made by the Administrative Agent for the account of such Lender Party, (d) any other Lender Party pursuant to Section 2.13 to purchase any participation in Advances owing to such other Lender Party and (e) any Agent or the Issuing Bank pursuant to Section 7.05 to reimburse such Agent or the Issuing Bank for such Lender Party’s ratable share of any amount required to be paid by the Lender Parties to such Agent or the Issuing Bank as provided therein. In the event that a portion of a Defaulted Amount shall be deemed paid pursuant to Section 2.15(b), the remaining portion of such Defaulted Amount shall be considered a Defaulted Amount originally required to be paid hereunder or under any other Loan Document on the same date as the Defaulted Amount so deemed paid in part.

  • Defaulted Loan shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement