Identified Collateral definition
Examples of Identified Collateral in a sentence
The Borrower shall have the right, subject to the consent of the Administrative Agent and the Supermajority Lenders (which consent shall not be unreasonably withheld, delayed or conditioned and which consent will be deemed given for the Identified Collateral Pool Properties as set forth in clause (e) of the definition of “Eligible Real Estate”) and the satisfaction of the conditions set forth in this Section 4A.03, to add (or substitute) Potential Collateral to the Collateral as a Collateral Pool Property.
From and after the date on which the Borrower shall have completed the addition of the Identified Collateral Pool Properties in accordance with Section 5.18, the Borrower shall not permit there to be fewer than five (5) Mortgaged Collateral Pool Properties at any time.
Identified Collateral Pool Properties.........................................
From and after the date on which the Borrower shall have completed the addition of the Identified Collateral Pool Properties in accordance with Section 5.18, the Borrower shall not permit the Mortgaged Collateral Pool Value to be less than $900,000,000.
APSB shall deem any such amount received as being amount paid towards that particular tranche of the Final Settlement Sum and execute the relevant documents to discharge the Identified Collateral Units from the Debenture.