Ineligible Collateral definition

Ineligible Collateral means Collateral that does not constitute "Eligible Collateral".
Ineligible Collateral means the following types of Collateral:
Ineligible Collateral means any Appraised Collateral that:

Examples of Ineligible Collateral in a sentence

  • On and after the date of such removal, the principal balance of each Ineligible Receivable and the Invested Amount of each Ineligible Collateral Certificate shall be deducted from the Pool Balance and the Transferor Amount.

  • The obligation of each Transferor to accept reassignment of any Ineligible Receivable or Ineligible Collateral Certificate conveyed to the Trust by such Transferor, and to make the deposits, if any, required to be made to the Excess Funding Account as provided in this Section 2.6, shall constitute the sole remedy respecting the event giving rise to such obligation available to the Trust or the Noteholders (or the Indenture Trustee on behalf of the Noteholders).

  • The priority given to those matters may explain the small number of submissions received from RTOs.Two RTOs told the committee they were smoke-free.53 The Construction Skills Training Centre (CSTC)54 advised that since early 2015 smoking has been prohibited at its training centre, including the grounds and five metres beyond the boundaries, and in vehicles.

  • If any amendment, consent, waiver or other modification with respect to a Related Document (other than a Defaulted Collateral Loan or an Ineligible Collateral Loan) would effect a Material Modification, then the Borrower shall not cause or vote in favor of any such Material Modification without the written consent of the Administrative Agent and the Required Lenders.

  • In the case of a sale of a Defaulted Collateral Loan, a Credit Risk Collateral Loan or an Ineligible Collateral Loan to an Affiliate of the Borrower at a price less than the original percentage of par paid by the Borrower, the purchase price shall not be less than the Market Value of such Defaulted Collateral Loan, Credit Risk Collateral Loan or Ineligible Collateral Loan.


More Definitions of Ineligible Collateral

Ineligible Collateral means (i) a Unit and its related Lot which is not Eligible Collateral or (ii) any other property which is not Eligible Collateral.
Ineligible Collateral in Section 1.1 of the Loan Agreement is hereby deleted in its entirety and replaced with the following:
Ineligible Collateral has the meaning set out in Clause 4.3 (Return of Ineligible
Ineligible Collateral in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety as follows:
Ineligible Collateral means Collateral that does not constitute “Eligible Collateral”.
Ineligible Collateral means any of the following Notes (and all Collateral related to such Notes):
Ineligible Collateral means any Pledged Servicing that does not at the time constitute Eligible Mortgage Servicing Rights.