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.
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.
Deferrable Collateral Obligation means a Collateral Obligationany loan (or participation interest therein) that by its terms permits the deferral or capitalization of payment of accrued and, unpaid interest. for more than the shorter of (a) four consecutive payment periods or (b) one year, excluding any loan 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 applicable Underlying Instrument results in such loan having an effective rate of current interest paid in cash on such day of not less than (a) in the case of a Fixed Rate Collateral Obligation, 3.00% per annum over the Benchmark relating to the Eligible Currency of such Collateral Obligation or (b) otherwise, 3.00% per annum over the applicable index rate. For the avoidance of doubt, if the Obligor under a loan described in the exclusion above fails to make a required cash interest payment thereunder and such failure continues longer than the grace period set forth for such payment in clause (c) of the definition of “Defaulted Collateral Obligation”, such loan shall be considered a Defaulted Collateral Obligation.
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.
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.
Deferrable Collateral Obligation means any loan (or participation interest therein) that by its terms permits the deferral or capitalization of payment of accrued, unpaid interest for more than the shorter of (a) four consecutive payment periods or (b) one year, excluding any loan 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 applicable Underlying Instrument results in such loan having an effective rate of current interest paid in cash on such day of not less than (a) in the case of a Fixed Rate Collateral Obligation, 3.00% per annum over the Benchmark relating to the Eligible Currency of such Collateral Obligation or (b) otherwise, 3.00% per annum over the applicable index rate. For the avoidance of doubt, if the Obligor under a loan described in the exclusion above fails to make a required cash interest payment thereunder and such failure continues longer than the grace period set forth for such payment in clause (c) of the definition of “Defaulted Collateral Obligation”, such loan shall be considered a Defaulted 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. “Delayed Drawdown Loan” means a Collateral Obligation that (a) permits the related Obligor to request one or more future advances thereunder, (b) specifies a