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”;

Defaulted Assets means, as of any date of determination, the positive excess of:

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:

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.