Variable Funding Asset definition
Variable Funding Asset means any Revolving Loan or other asset that by its terms may require one or more future advances to be made to the related Obligor by any lender thereon or owner thereof.
Variable Funding Asset means any Delayed Drawdown Collateral Obligation or Revolving Collateral Obligation.
Variable Funding Asset means any Revolving Loan or other asset that by its terms may require one or more future advances to be
Examples of Variable Funding Asset in a sentence
Except as set forth below, amounts on deposit in the Unfunded Exposure Account may be withdrawn at the direction of the Borrower or at the direction of the Collateral Manager (i) to fund any draw requests of the relevant Obligors under any Variable Funding Asset, or (ii) to make a deposit into the Collections Account as Principal Collections if, after giving effect to such withdrawal, the aggregate amount on deposit in the Unfunded Exposure Account is equal to or greater than the Aggregate Unfunded Amount.
More Definitions of Variable Funding Asset
Variable Funding Asset means any Revolving Loan or other asset that by its terms may
Variable Funding Asset. : means any Revolving Loan or other asset that by its terms may require one or more future advances to be made to the related Obligor by any lender thereon or owner thereof.