Threshold Event Collateral definition
Threshold Event Collateral shall have the meaning assigned to such term in Section 5(g).
Threshold Event Collateral. As defined in Section 3.28(f).
Threshold Event Collateral shall have the meaning assigned to such term in Section 20(c) hereof.
Examples of Threshold Event Collateral in a sentence
Proceeds from Threshold Event Collateral in the form of an unconditional and irrevocable standby letter of credit shall be distributed in accordance with the provisions of Section 3.5.
The Holders of the majority (by Certificate Balance) of the Appraised-Out Class shall have the right at their sole expense, to (i) require the Special Servicer to order a second Appraisal of the Mortgaged Property (such Holders, the “Requesting Holders”) or (ii) to post Threshold Event Collateral as described below.
More Definitions of Threshold Event Collateral
Threshold Event Collateral. Either (a) cash collateral for the benefit of, and acceptable, to the Servicer held in an Eligible Account on behalf of the Trust or (b) an unconditional and irrevocable standby letter of credit with the Servicer on behalf of the Trust as the beneficiary, issued by a bank or other financial institution (the “Threshold Collateral Issuer”) the long-term unsecured debt obligations of which are rated at least “A” by S&P, “A” by Morningstar DBRS, “A” by Fitch and “A2” by Moody’s or the short-term obligations of which are rated at least “A-1+” by S&P, “R-1(middle)” by Morningstar DBRS, “F-1” by Fitch and “P-1” by Moody’s, in either case in an amount which, when added to the appraised value of the Properties as determined pursuant to this Agreement, would cause the applicable CCR Control Termination Event not to occur.
Threshold Event Collateral. As defined in the Co-Lender Agreement.
Threshold Event Collateral shall have the meaning assigned to such term in Section 4(f).
Threshold Event Collateral means either (a) cash collateral held by and acceptable to, the Servicer or (b) an unconditional and irrevocable standby letter of credit with the Servicer on behalf of the Noteholders as the beneficiary, issued by a bank or other financial institutions (the “Threshold Collateral Issuer”) the long term unsecured debt obligations of which are rated at least “A” by S&P, “A” by DBRS Morningstar, “A” by Fitch and “A2” by Moody’s or the short term obligations of which are rated at least “A-1+” by S&P, “R-1(middle)” by DBRS Morningstar, “F-1” by Fitch and “P-1” by Moody’s, in either case in an amount which when added to the appraised value of the Property as determined pursuant to the Servicing Agreement, would cause the applicable Control Appraisal Period not to occur.
Threshold Event Collateral. As defined in Section 3.28(f) of this Agreement.
Threshold Event Collateral has the meaning set forth in Section 9.2.
Threshold Event Collateral has the meaning set forth in Section 9.2.