Successor Collateral Manager definition

Successor Collateral Manager has the meaning assigned to such term in Section 11.09(a).
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Successor Collateral Manager. Defined in Section 6.12(a).
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Successor Collateral Manager means a Collateral Manager appointed to replace the Collateral Manager pursuant to the provisions of this Agreement and which has the Dutch regulatory capacity to render cross border securities services into The Netherlands.
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Examples of Successor Collateral Manager in a sentence

  • No such resignation shall become effective until a Successor Collateral Manager shall have assumed the responsibilities and obligations of the Collateral Manager in accordance with Section 11.09.

  • Pursuant to Clause 10.5 (Appointment of Successor Collateral Manager) of the Collateral Management Agreement and Schedule 6 (Provisions for Meetings of the Noteholders of each Class) of the Trust Deed, the appointment of a Successor Collateral Manager is subject to Noteholders' consent by way of a Special Quorum Resolution or a written resolution of the holders of at least 66 2/3 per cent.

  • By THL Credit Advisors LLC, as Successor Collateral Manager By: /s/ Jxxxx X.

  • Within thirty (30) Business Days following the aforesaid notice of Administrative Agent, the Backup Collateral Manager will commence the performance of such servicing duties as Successor Collateral Manager in accordance with the terms and conditions of this Agreement.

  • Satisfaction of the Successor Collateral Manager Criteria in (B), (C) and (D) above is to be evidenced by the delivery of legal opinions, written advice or other form of evidence, as listed in Schedule 1 to the Novation and Amendment Deed (in form and substance satisfactory to the Issuer, the Trustee and the Rating Agencies), unless the delivery of or nature or form of any such evidence has or have been waived by the Issuer and the Trustee.

  • Satisfaction of the Successor Collateral Manager Criterion in (E) is to be evidenced by the delivery to the Issuer and Trustee of a Rating Agency Confirmation by each of the Rating Agencies.

  • By a notice from the Issuer dated 21 April 2010 (the “ Notice to Noteholders”), Noteholders have been informed that the Issuer wishes to appoint Invesco Asset Management Limited as Successor Collateral Manager to replace Morgan Stanley Investment Management Limited, the existing Collateral Manager.

  • Satisfaction of the Successor Collateral Manager Criterion in (D) is to be evidenced by the delivery to the Issuer of a Rating Agency Confirmation by each of the Rating Agencies.

  • Great Winchester Street London EC2N 2DBas Trustee NOTICE IS HEREBY GIVEN that the Issuer wishes to appoint Invesco Asset Management Limited as Successor Collateral Manager to replace Morgan Stanley Investment Management Limited, the existing Collateral Manager.

  • No such resignation shall become effective until a Successor Collateral Manager shall have assumed the responsibilities and obligations of the Collateral Manager in accordance with Section 14.08.


More Definitions of Successor Collateral Manager

Successor Collateral Manager. Dock Street Capital Management LLC 000-X Xxxxxxxxx Xxxxxx Westport, CT 06880 Phone: (000) 000-0000 Fax: (000) 000-0000 Attn: Xxxxx Xxxxxx
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Successor Collateral Manager has the meaning assigned to such term in Section 11.09(a). “Taxes” has the meaning assigned to such term in Section 16.03(a). “Tax Jurisdiction” means any of the Netherlands Antilles, Bermuda, the Cayman Islands, the British Virgin Islands, the Channel Islands, Jersey, the Isle of Man or the Bahamas; provided, in the case of an Obligor organized or incorporated in a Tax Jurisdiction, that in the Collateral Manager’s good faith estimate, a substantial portion of the assets, revenues or operations supporting the related Collateral Loan are directly or through subsidiaries located in, or are obligations of (i) Obligors organized or incorporated in the United States or Canada or (ii) Approved Foreign Obligors (other than those that constitute Tax Jurisdictions). “Term SOFR” means, for the applicable corresponding tenor,has the meaning provided in the definition of “Adjusted Term SOFR Rate.” “Term SOFR Administrator” means CBA (or a successor administrator of the Term SOFR Reference Rate, as selected by the Administrative Agent in its reasonable discretion). “Term SOFR Index Adjustment” means a percentage equal to (a) for a Tranche Period of one month, 0.11448%; and (b) for a Tranche Period of three months, 0.26161%. “Term SOFR Reference Rate” means the forward-looking term rate based on SOFR that
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Successor Collateral Manager has the meaning assigned to such term in Section 14.08(a). “Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other charges imposed by any taxing Governmental Authority, including any interest, additions to tax or penalties applicable thereto.
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Successor Collateral Manager means a replacement Collateral Manager appointed in the manner and to the extent provided in the Collateral Management Agreement. “Syndicated Collateral Obligation” means any Collateral Obligation that (i) is Acquired by the Borrower at a price (calculated as of the date of acquisition or commitment to acquire by the Borrower) equal to or greater than 85.0% (expressed as a percentage of par of the related Collateral Obligation Notional Amount but excluding any accrued interest) and, (ii) (a) at the time of determination, (1) is a broadly syndicated commercial loan; (2) is secured by a pledge of collateral, which security interest is validly perfected and is a First Lien Collateral Obligation or a Second Lien Collateral Obligation; (3) has a collateral value or enterprise value securing such Loan Obligation (as determined in good faith by the Collateral Manager on or about the time of origination) that is equal to or in excess of (i) the outstanding principal balance of such Loan Obligation plus (ii) all other loans of equal or higher seniority secured by the same collateral; (4) has a senior facility size of $200,000,000 or greater and has an EBITDA for the prior twelve (12) calendar months of $50,000,000 or greater (af ter giving pro forma ef fect to any acquisition in connection therewith); (5) is rated by either S&P or Xxxxx’x (or the obligor is rated by S&P or Xxxxx’x) at the time of Acquisition by the Borrower; and (6) has a LoanX liquidity score of 1-4 at the time of Acquisition; or (b) is designated as a Syndicated Collateral Obligation on Appendix C-2 on the Closing Date or is otherwise deemed to be a Syndicated Collateral Obligation by the Administrative Agent, in each case determined as of the Closing Date (or the date of Acquisition if later) by the Administrative Agent, provided that if a Collateral Obligation otherwise qualifies on its date of Acquisition as Syndicated Collateral Obligation except for prong (4) above later becomes in compliance with prong (4), the Administrative Agent, at the written request of the Collateral Manager, may reclassify such Collateral Obligation as
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Successor Collateral Manager has the meaning assigned to such term in Section 11.08(b). 750499896 22723957 751700376 22723957
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Successor Collateral Manager has the meaning assigned to such term in Section 11.08(b). 750499896 22723957 751700376 22723957
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Related to Successor Collateral Manager

  • Successor Corporation means a corporation, or a parent or subsidiary thereof within the meaning of Section 424(a) of the Code, which issues or assumes a stock option in a transaction to which Section 424(a) of the Code applies.

  • Successor Rate means a successor to or replacement of the Original Reference Rate which is formally recommended by any Relevant Nominating Body.

  • Junk vehicle means a vehicle of any age that is damaged or defective in any one or combination of any of the following ways that either makes the vehicle immediately inoperable, or would prohibit the vehicle from being operated in a reasonably safe manner upon the public streets and highways under its own power if self-propelled, or while being towed or pushed, if not self-propelled:

  • Principal Property means any manufacturing plant or manufacturing facility, located within the United States of America (other than its territories and possessions), owned or leased by the Company or any Restricted Subsidiary, unless, in the opinion of the Board of Directors, such plant, facility or property is not of material importance to the total business conducted by the Company and its Restricted Subsidiaries as an entirety.