Loan Asset Checklist definition

Loan Asset Checklist means an electronic or hard copy, as applicable, of a checklist delivered by or on behalf of the Borrower to the Collateral Custodian, for each Loan Asset, of all Required Loan Documents to be included within the respective Loan Asset File, which shall specify whether such document is an original or a copy.

Loan Asset Checklist means an electronic or hard copy, as applicable, of a checklist delivered by or on behalf of the Borrower to the Collateral Custodian and the Backup Servicer, for each Loan Asset, of all Required Loan Documents to be included within the respective Loan Asset File, which shall specify whether such document is an original or a copy.

Loan Asset Checklist means, with respect to any Loan Asset, the index prepared by the Manager identifying the type of Loan Asset (including whether such Loan Asset is a Noteless Loan Asset) and each of the Loan Asset Documents related thereto which are included in the related Loan Asset File.

Examples of Loan Asset Checklist in a sentence

• The Borrower (or the Portfolio Asset Servicer on behalf of the Borrower) shall deliver to the Collateral Custodian (with a copy to the Calculation Agent and Initial Lender) the Required Loan Documents and the Loan Asset Checklist pertaining to each Portfolio Asset, not later than five (5) Business Days after the Cut‐Off Date pertaining to such Portfolio Asset (or such later date as the Initial Lender may agree).

• The Borrower is not party to any agreements other than this Agreement and the other Transaction Documents to which it is a party and the Required Loan Documents and other agreements listed on the Loan Asset Checklist for each Portfolio Asset in respect of which the Borrower is a lender or loan participant.

• The Borrower shall deliver to the Custodian (with a copy to the Collateral Agent) pursuant to the Custodial Agreement an electronic copy of the Required Loan Documents and the Loan Asset Checklist pertaining to each Loan Asset within ten Business Days of the Cut-Off Date pertaining to such Loan Asset.

• In order to facilitate the foregoing review by the Collateral Custodian, in connection with each delivery of Required Loan Documents hereunder to the Collateral Custodian, the Portfolio Asset Servicer shall provide to the Collateral Custodian a hard copy or an electronic copy of the related Loan Asset Checklist which contains the Portfolio Asset information with respect to the Required Loan Documents being delivered, Portfolio Asset number and the name of the Obligor with respect to such Portfolio Asset.

• Notwithstanding anything herein to the contrary, the Collateral Custodian's obligation to review the Required Loan Documents for any Loan Asset shall be limited to the Review Criteria based on the information provided on the related Loan Asset Checklist.

More Definitions of Loan Asset Checklist

Loan Asset Checklist means, with respect to each Loan Asset, an electronic or hard copy, as applicable, of a checklist substantially in the form of Exhibit C delivered by or on behalf of the Borrower to the Collateral Custodian (with a copy to the Calculation Agent and Initial Lender). "Loan Asset File" means, with respect to each Portfolio Asset, a file containing each of the agreements, instruments, certificates, notes and other documents and items set forth on the Loan Asset Checklist with respect to such Portfolio Asset. "Loan Asset Schedule" means (a) a schedule of the Portfolio Assets and setting forth for each such Portfolio Asset (i) the Portfolio Asset number for such Portfolio Asset, (ii) the Obligors for such Portfolio Asset, (iii) the current principal balance of (A) such Portfolio Asset and (B) the Underlying Loan Obligation for such Portfolio Asset, as applicable, (iv) the Loan Agreement and Participation Agreement for such Portfolio Asset, as applicable, (v) whether such Portfolio Asset is an Eligible Portfolio Asset and if such Eligible Portfolio Asset is a Senior Loan, Junior Loan, Asset Based Loan, Recurring Revenue Loan, or Senior Note, and (vi) the other information specified for a Portfolio Asset as set forth on Schedule I, as delivered by the Borrower to the Administrative Agent and the Collateral Custodian and as updated from time to time as provided herein (the Loan Asset Schedule being deemed modified and delivered by the delivery of a Borrowing Base Certificate) or (b) a collateral report, in form and substance reasonably satisfactory to the Administrative Agent (acting at the direction of Majority Lenders) containing the information described in clauses (a)(i) through (a)(vi) above. "LTV" means, as of any date of determination, the ratio (expressed as a percentage) of (a) the aggregate amount of Advances Outstanding as of such date to (b) the most recent Total Portfolio Value as of such date. "Majority Lenders" means the Lenders representing an aggregate of more than 50% of the aggregate Commitments. The Commitments of any Defaulting Lender shall be disregarded in determining Majority Lenders at any time. "Make‐Whole Amount" means, as of any date of determination, (i) in connection with any voluntary termination in full of the Commitments hereunder, an amount equal to the present value of the amount of interest that would have accrued under this Agreement if the Advances Outstanding were equal to the MWA Minimum Usage Amount commencing twelve (12) mo...

Loan Asset Checklist means an electronic or hard copy, as applicable, of a checklist delivered by or on behalf of the Borrower to the Collateral Custodian, for each Loan Asset, of all Required Loan Documents to be included within the respective Loan Asset File, which shall specify (i) whether such document is an original or a copy and (ii) whether such Loan Asset is a Third Party Acquired Loan Asset. Agreement for such Loan Asset or such comparable definition if “permitted liens” is not defined therein, so long as such definition is reasonable and customary) on any of the Underlying USActive 52762757.39.docx52762757.44 34 Collateral securing such Loan Asset or (y) increases the commitment amount of any loan senior to such Loan Asset and the Net Leverage Ratio of such Loan Asset increases by more than 0.5x as a result of such increase;

Loan Asset Checklist has the meaning assigned to that term in the Custodial Agreement and, if such term (or similar term) is not used therein, then, with respect to each Loan Asset, an electronic or hard copy, as applicable, of a checklist delivered by or on behalf of the Borrower to the Collateral Custodian and the Facility Servicer.

Loan Asset Checklist has the meaning assigned to that term in the Custodial Agreement and, if such term (or similar term) is not used therein, then, with respect to each Loan Asset, an electronic or hard copy, as applicable, of a checklist delivered by or on behalf of the Borrower to the Collateral Custodian and the Facility Servicer.