Pool Obligor definition

Pool Obligor means an Obligor under a Pool Receivable.
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Pool Obligor means an Obligor under a Pool Receivable. “Pool Receivable” means a Receivable in the Receivables Pool. “Portion of Capital” means, with respect to any Lender and its related Capital, the portion of such Capital being funded or maintained by such Lender by reference to a particular interest rate basis. “Pro Rata Percentage” means, at any time of determination, with respect to any Committed Lender, a fraction (expressed as a percentage), (a) the numerator of which is (i) prior to the termination of all Commitments hereunder, its Commitment at such time or (ii) if all Commitments hereunder have been terminated, the aggregate outstanding Capital of all Loans being funded by the Lenders in such Committed Lender’s Group at such time and (b) the denominator of which is (i) prior to the termination of all Commitments hereunder, the aggregate Commitments of all Committed Lenders at such time or (ii) if all Commitments hereunder have been terminated, the Aggregate Capital at such time. “Program Support Provider” means, with respect to a Conduit Lender, any bank, insurance company or other funding institution providing liquidity, credit enhancement or back-up purchase support or facilities to such Conduit Lender. “Purchase and Sale Agreement” means the Purchase and Sale Agreement, dated as of the Closing Date, among NCR, as an Originator, the other Originators from time to time part thereto, and the Borrower, as such agreement may be amended, supplemented or otherwise modified from time to time. “Purchase and Sale Termination Event” has the meaning set forth in the Purchase and Sale Agreement. “Rating Agency” means each of S&P, Fitch and ▇▇▇▇▇’▇, to the extent then rating the Notes of any Conduit Lender (and/or each other rating agency then rating the Notes of any Conduit Lender).
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Pool Obligor means an Obligor under a Pool Receivable. "Pool Receivable " means a Receivable in the Receivables Pool. "Potential Termination Event " means an event that but for notice or lapse of time or both would constitute a Termination Event. "Pro Rata Percentage " means, at any time of determination, with respect to any Bank Investor, a fraction (expressed as a percentage), (a) the numerator of which is (i) prior to the termination of all Commitments hereunder, its Commitment at such time or (ii) if all Commitments hereunder have been terminated, the aggregate outstanding Capital of all Loans being funded by the Class Investors in such Bank Investor's Class at such time and (b) the denominator of which is (i) prior to the termination of all Commitments hereunder, the aggregate Commitments of all Bank Investors at such time or (ii) if all Commitments hereunder have been terminated, the Aggregate Capital at such time. "Proceeds " means "proceeds" as defined in Section 9-102(a)(64) of the UCC. "Program Support Agreement " means any agreement entered into in connection with this Agreement pursuant to which a Program Support Provider agrees to provide liquidity, back-up purchase or credit support in connection with a Class Conduit's extension of credit hereunder and any other agreement entered into by any Program Support Provider providing for: (a) the issuance of one or more letters of credit for the account of any Class Conduit or its related commercial paper issuer, (b) the issuance of one or more surety bonds for which any Class Conduit or its related commercial paper issuer is obligated to reimburse the applicable Program Support Provider for any drawings thereunder, (c) the sale by any Class Conduit to any Program Support Provider of any Capital (or portions thereof or participation interest therein) maintained by such Class Conduit and/or (d) the making of loans and/or other extensions of credit to any Class Conduit or its related commercial paper issuer in connection with the related commercial paper program, together with any letter of credit, surety bond or other instrument issued thereunder. 98 70 Redline 20
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Related to Pool Obligor

  • Obligor on the indenture securities means the Issuer and any other obligor on the indenture securities. All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by Commission rule have the meaning assigned to them by such definitions.

  • Group A Obligor means any Obligor (or its parent or majority owner, as applicable, if such Obligor is not rated) with a short-term rating of at least: (a) “A-1” by S&P, or if such Obligor does not have a short-term rating from S&P, a rating of “A+” or better by S&P on such Obligor’s, its parent’s, or its majority owner’s (as applicable) long-term senior unsecured and uncredit-enhanced debt securities, or (b) “P-1” by Moody’s, or if such Obligor does not have a short-term rating from Moody’s, “Al” or better by Moody’s on such Obligor’s, its parent’s or its majority owner’s (as applicable) long-term senior unsecured and uncredit-enhanced debt securities; provided, that if an Obligor (or its parent or majority owner, as applicable, if such Obligor is not rated) receives a split rating from S&P and Moody’s, then such Obligor (or its parent or majority owner, as applicable) shall be deemed to have only the lower of the two rating for the purpose of determining whether such rating satisfies clauses (a) or (b) above. Notwithstanding the foregoing, any Obligor that is a Subsidiary of an Obligor that satisfies the definition of “Group A Obligor” shall be deemed to be a Group A Obligor and shall be aggregated with the Obligor that satisfies such definition for the purposes of determining the “Concentration Reserve Percentage”, the “Concentration Reserve” and clause (a) of the definition of “Excess Concentration” for such Obligors, unless such deemed Obligor separately satisfies the definition of “Group A Obligor”, “Group B Obligor”, or “Group C Obligor”, in which case such Obligor shall be separately treated as a Group A Obligor, a Group B Obligor or a Group C Obligor, as the case may be, and shall be aggregated and combined for such purposes with any of its Subsidiaries that are Obligors.