Deferrable Collateral Obligation definition

Deferrable Collateral Obligation means a Collateral Obligation that by its terms permits the deferral or capitalization of payment of accrued and unpaid interest.
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Deferrable Collateral Obligation means a Collateral Obligation that by its terms permits the deferral or capitalization of payment of accrued and unpaid interest, excluding, however, any Collateral Obligation that provides for periodic payments of interest thereon in cash no less frequently than semi-annually and the portion of interest required to be paid in cash under the terms of the related Underlying Instruments results in the outstanding principal amount of such Collateral Obligation having an effective rate of current interest paid in cash on such day of not less than (i) if such Deferrable Collateral Obligation is a Fixed Rate Collateral Obligation, 6.00% per annum or (ii) otherwise, 5.00% per annum over the applicable index rate.
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Deferrable Collateral Obligation means a Collateral Obligation that by its terms permits the deferral or capitalization of payment of accrued and unpaid interest. S-12 Day.
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More Definitions of Deferrable Collateral Obligation

Deferrable Collateral Obligation means a Collateral Obligation that by its terms permits the deferral or capitalization of payment of accrued and unpaid interest. “Determination Date” means the 15th day of each calendar month, or if such day is not a Business Day, the next succeeding Business Day.
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Deferrable Collateral Obligation means, as of any date of determination, a Collateral Obligation that by its terms permits the deferral or capitalization of payment of accrued and unpaid interest; provided that if any Collateral Obligation has been amended or modified after the applicable Cut-Off Date to permit the deferral or capitalization of any payment of accrued and unpaid interest that (i) does not reduce the amount of current cash pay interest and (ii) change the frequency of any such cash payment, then such Collateral Obligation shall not be a Deferrable Collateral Obligation. and provides for periodic payments of interest thereon in cash no less frequently than semi-annually.
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Related to Deferrable Collateral Obligation

  • Collateral Obligation means a Loan owned by the Borrower, excluding the Retained Interest thereon.

  • Delayed Drawdown Collateral Obligation A Collateral Obligation that (a) requires the Issuer to make one or more future advances to the borrower under the Underlying Documents relating thereto, (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the borrower thereunder; but any such Collateral Obligation will be a Delayed Drawdown Collateral Obligation only until all commitments by the Issuer to make advances to the borrower expire or are terminated or are reduced to zero.

  • Schedule of Collateral Obligations means the list or lists of Collateral Obligations attached to each Asset Approval Request and each Reinvestment Request. Each such schedule shall identify the assets that will become Collateral Obligations, shall set forth such information with respect to each such Collateral Obligation as the Borrower or the Facility Agent may reasonably require and shall supplement any such schedules attached to previously-delivered Asset Approval Requests and Reinvestment Requests.

  • General Obligation Bonds means, collectively, the Limited Tax General Obligation Bonds and the Unlimited Tax General Obligation Bonds.

  • General obligation bond means a Bond, the payment of principal of and interest on which is a General Obligation of the Authority.

  • Non-Financing Lease Obligation means a lease obligation that is not required to be accounted for as a financing or capital lease on both the balance sheet and the income statement for financial reporting purposes in accordance with GAAP. For the avoidance of doubt, a straight-line or operating lease shall be considered a Non-Financing Lease Obligation.

  • Eligible Collateral means, with respect to a party, the items, if any, specified as such for that party in Paragraph 13.

  • Acceptable Collateral means any of the following assets of Borrower, if (x) held in or credited to any Collateral Account subject to a first priority Lien under the applicable Security Agreement and (y) the Collateral Requirement has been satisfied with respect thereto: