Defaulted Portfolio Collateral definition

Defaulted Portfolio Collateral means all Defaulted Portfolio Assets held by the Issuer from time to time.
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Defaulted Portfolio Collateral means any item of Portfolio Collateral:
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Defaulted Portfolio Collateral means any Collateral Debt Security:
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Examples of Defaulted Portfolio Collateral in a sentence

  • More specifically, the Collateral Manager may direct the disposition of Portfolio Collateral that meets the definition of Defaulted Portfolio Collateral, Equity Portfolio Collateral, and, subject to satisfaction of the conditions set forth herein, Credit Risk Portfolio Collateral or Appreciated Portfolio Collateral.

  • Subject to the terms of the Collateral Management Agreement and the Indenture, the Collateral Manager is also permitted to direct the Trustee to sell (i) any Defaulted Portfolio Collateral and (ii) any Equity Portfolio Collateral.

  • Any such item of Portfolio Collateral shall continue to be an item of Defaulted Portfolio Collateral only until such time as the circumstances specified in each of the paragraphs above has been cured, subject to such security satisfying all the Eligibility Criteria at such time.

  • Subject to any confidentiality obligations binding on the Issuer, Noteholders will receive notice from time to time of the identity of Portfolio Collateral which have become Defaulted Portfolio Collateral.

  • Any such item of Portfolio Collateral shall continue to be an item of Defaulted Portfolio Collateral only until such time as the default or event of default has been cured or, in the case of a default or event of default other than a payment default, waived, and such security then otherwise satisfies the criteria described in the Indenture as applicable to such security.

  • Except after (i) the occurrence of an Event of Default, (ii) in the event of an Optional Redemption, Auction Call Redemption or Clean- up Call or (iii) with respect to "Defaulted Portfolio Collateral," "Equity Portfolio Collateral" or "Credit Risk Portfolio Collateral," but only if the conditions for sale described herein are satisfied, the Indenture provides that no Portfolio Collateral will be sold by the Issuer.

  • Moreover, the Issuer will not be permitted to sell a Deferred Interest PIK Bond unless it has become Credit Risk Portfolio Collateral or Defaulted Portfolio Collateral.

  • Return on Networth (RONW) Particulars Note:(i) The Return on Networth has been computed on the basis of the restated profits of the respective years drawn as per 6.10.2 of SEBI DIP Guidelines, as amended.5. Minimum Return on increased Net Worth after Issue, needed to maintain Pre- Issue EPS of Rs. 5.68 is 19.36%.

  • It monitors the financial trends of each portfolio company to determine if they are meeting their respective business plans and to assess the appropriate course of action with respect to each portfolio company.

  • Notwithstanding the foregoing definition, the Collateral Manager may declare any Portfolio Collateral to be a Defaulted Portfolio Collateral if, in the Collateral Manager's reasonable business judgement, the credit quality of the issuer of such Portfolio Collateral has significantly deteriorated such that the Collateral Manager has a reasonable expectation of payment default as of the next scheduled payment date with respect to such Portfolio Collateral.


More Definitions of Defaulted Portfolio Collateral

Defaulted Portfolio Collateral means any Portfolio Collateral:
Sample 1

Related to Defaulted Portfolio Collateral

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • Swap Collateral means all right, title and interest of Party B in this Agreement, each Transaction hereunder, and all present and future amounts payable by Party A to Party B under or in connection with this Agreement or any Transaction governed by this Agreement, including, without limitation, any transfer or termination of any such Transaction.

  • Hedge Collateral Defined in Section 5.3(b).

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Collateral Portfolio means all right, title, and interest (whether now owned or hereafter acquired or arising, and wherever located) of the Borrower in the property identified below in clauses (i) through (iv) and all accounts, cash and currency, chattel paper, tangible chattel paper, electronic chattel paper, copyrights, copyright licenses, equipment, fixtures, contract rights, general intangibles, instruments, certificates of deposit, certificated securities, uncertificated securities, financial assets, securities entitlements, commercial tort claims, deposit accounts, inventory, investment property, letter-of-credit rights, software, supporting obligations, accessions, or other property consisting of, arising out of, or related to any of the following (in each case excluding the Retained Interest and the Excluded Amounts):

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

  • Threshold Event Collateral shall have the meaning assigned to such term in Section 5(g).

  • Collateral Debt Obligation means any debt obligation or debt security purchased by or on behalf of the Issuer from time to time (or, if the context so requires, to be purchased by or on behalf of the Issuer) each of which satisfies the Eligibility Criteria, in the case of Synthetic Securities and Non-Euro Obligations, to the extent required to do so. References to Collateral Debt Obligations shall not include Collateral Enhancement Obligations, Eligible Investments or Exchanged Equity Securities. Obligations which are to constitute Collateral Debt Obligations in respect of which the Issuer has entered into a binding commitment to purchase but which have not yet settled shall be included as Collateral Debt Obligations in the calculation of the Portfolio Profile Tests at any time as if such purchase had been completed. For the avoidance of doubt, the failure of any obligation to satisfy the Eligibility Criteria at any time after the Issuer or the Investment Manager on behalf of the Issuer has entered into a binding agreement to purchase it, shall not cause such obligation to cease to constitute a Collateral Debt Obligation.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • UCC Collateral is defined in Section 3.03.

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any mortgage, deed of trust, security agreement, pledge agreement, assignment or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

  • Borrower Collateral means all of Borrower’s now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Permitted Priority Liens means (i) Liens permitted under Section 9.02(c), (d), (e), (f), (g), and (j), and (ii) Liens permitted under Section 9.02(b) provided that such Liens are also of the type described in Section 9.02(c), (d), (e), (f), (g), and (j).

  • First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuer and its Restricted Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services, in each case owing to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in clause (ii) or an Affiliate of such holder at the time of entry into such Hedging Obligations or Obligations in respect of cash management services.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Permitted Prior Liens means (1) Liens described in clauses (9), (10), (11), (13), (14), (15), (18), (21), (22), (23), (24), (25), (27), (31), (32) and (33) of the definition of "Permitted Liens," (2) Liens refinancing or replacing any of the Liens contemplated in clause (1) of this definition and (3) Liens that arise by operation of law and are not voluntarily granted, to the extent entitled by law to priority over the security interests created by the Security Documents or the Xxxxxx Security Documents, as applicable.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Specified Asset as defined in subsection 4.2.2 hereof.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, 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:

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.