Portfolio Investment Property means, with respect to each Portfolio Investment (i) all monies due and to become due thereunder and all amounts received with respect thereto on and after the date hereof, (ii) the interest of the Transferor in the security interests (if any) granted by the obligor under the related Assigned Agreement, (iii) any promissory note evidencing the obligations of the obligor under such Assigned Agreement, (iv) all rights relating thereto under the related Assigned Agreement now existing and hereafter arising from time to time, (v) all guarantees, insurance, letters of credit and other agreement or arrangement of whatever character from time to time supporting or securing payment of such Portfolio Investment and (vi) all proceeds (including whatever is received upon the sale, exchange, collection or other disposition of the foregoing and all "proceeds" as defined in Section 9-102(a)(64) of the UCC as in effect in the State of New York).
Examples of Portfolio Investment Property in a sentence
The Transferor agrees that the Transferee may pledge all of its right, title and interest in, to and under the Transferred Portfolio Investments, the Portfolio Investment Property with respect thereto and this Agreement to the Collateral Agent pursuant to the Loan and Security Agreement for the benefit of the Secured Parties.
The Transferor shall, at its own expense, on or prior to each Transfer Date, indicate in its computer files created in connection with the Transferred Portfolio Investments and Portfolio Investment Property with respect thereto for such Transfer Date that such Transferred Portfolio Investments and Portfolio Investment Property have been Transferred to the Transferee pursuant to this Agreement.
It is the express intent of the parties hereto that the Transfer of any Portfolio Investment and the related Portfolio Investment Property by the Transferor to the Transferee hereunder be, and be treated for all purposes (other than for accounting and tax purposes) as an absolute sale or contribution, as applicable, by the Transferor (free and clear of any Lien, security interest, charge or encumbrance other than Permitted Liens) to the Transferee.
The Transferee shall have received evidence reasonably satisfactory to it of the filing of a UCC-1 financing statement with the Secretary of State of the State of Maryland naming the Transferor as debtor and the Transferee as secured party in a manner sufficient to perfect the Transferee's ownership interest in the Portfolio Investments and Portfolio Investment Property with respect thereto.
Transferor shall file such financing statements, or cause to be filed such continuation and other statements, all in such manner and in such places as may be required by law fully to perfect and preserve the Transfer hereunder to the Transferee of the Transferred Portfolio Investments and Portfolio Investment Property with respect thereto and in the proceeds thereof.