Substitute Collateral Obligations definition

Substitute Collateral Obligations. Collateral Obligations conveyed by ORCC to the Issuer as substitute Collateral Obligations pursuant to Section 12.3(a) since the Closing Date.
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Substitute Collateral Obligations. Collateral Obligations conveyed by the Transferor to the Issuer as substitute Collateral Obligations pursuant to Section 12.3(a).
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Substitute Collateral Obligations. Collateral Obligations conveyed by BOCIC to the Issuer as substitute Collateral Obligations pursuant to Section 12.3(a) since the Closing Date.
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Examples of Substitute Collateral Obligations in a sentence

  • All capital contributions in cash from the Equity Owner, all proceeds of borrowings made hereunder and all Principal Proceeds received that have not been reinvested in Substitute Collateral Obligations upon the receipt of such Principal Proceeds shall be deposited into the Principal Collection Account.

  • The Trustee shall have no obligation to determine or verify (i) if a Substitution Event has occurred, (ii) whether a Substitution Period has expired or if the Substitute Collateral Obligations Qualification Conditions in connection with any substitution have been satisfied, or (iii) the satisfaction of the Repurchase and Substitution Limit in connection with any repurchase or substitution or the calculation of the Transfer Deposit Amount in connection therewith.

  • Upon the request of the Issuer or the Trustee, the Custodian shall provide such Person a list of all Collateral Debt Obligations, Additional Collateral Debt Obligations, Substitute Collateral Obligations, Equity Securities or Exchanged Equity Securities for which it holds Collateral Documents pursuant to this Indenture.

  • All capital contributions in cash from the Equity Owner, all proceeds of Loans made hereunder and all Principal Proceeds received in respect of all Collateral Obligations (other than Buffer Assets) that have not been reinvested in Substitute Collateral Obligations upon the receipt of such Principal Proceeds shall be deposited into the Borrowing Base Principal Collection Account.

  • All Principal Proceeds received in respect of all Buffer Assets that have not been reinvested in Substitute Collateral Obligations upon the receipt of such Principal Proceeds shall be deposited into the Buffer Asset Principal Collection Account.

  • The Collateral Manager will monitor the impact of the Substitute Collateral Obligations on the Coverage Tests and the general credit quality of the pool.


More Definitions of Substitute Collateral Obligations

Substitute Collateral Obligations. Collateral Obligations conveyed by XXX XX to the Issuer as substitute Collateral Obligations pursuant to Section 12.3(a) since the Closing Date.
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Substitute Collateral Obligations. Collateral Obligations conveyed by OBDC III to the Issuer as substitute Collateral Obligations pursuant to Section 12.3(a) since the Closing Date.
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Substitute Collateral Obligations. Collateral Obligations conveyed by OTF to the Issuer as substitute Collateral Obligations pursuant to Section 12.3(a) since the Closing Date.
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Related to Substitute Collateral Obligations

  • Collateral Obligation means a Loan or a Participation Interest owned by the Borrower or a Securitization Subsidiary, excluding the Retained Interest thereon.

  • Delayed Drawdown Collateral Obligation A Collateral Obligation that (a) requires the Issuer to make one or more future advances to the borrower under the Underlying Documents relating thereto, (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the borrower thereunder; but any such Collateral Obligation will be a Delayed Drawdown Collateral Obligation only until all commitments by the Issuer to make advances to the borrower expire or are terminated or are reduced to zero.

  • Schedule of Collateral Obligations means the list or lists of Collateral Obligations attached to each Asset Approval Request and each Reinvestment Request. Each such schedule shall identify the assets that will become Collateral Obligations, shall set forth such information with respect to each such Collateral Obligation as the Borrower or the Facility Agent may reasonably require and shall supplement any such schedules attached to previously-delivered Asset Approval Requests and Reinvestment Requests.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Cash Collateral Order means an order entered by the Bankruptcy Court authorizing the Company to use cash collateral on a final (as opposed to interim) basis pursuant to sections 361 and 363 of the Bankruptcy Code, which order shall be acceptable to the Investor and shall contain a cash budget that is similar in all material respects to the budget attached hereto as Exhibit A.

  • Other Permitted Indebtedness means (a) accrued expenses and current trade accounts payable incurred in the ordinary course of any Obligor’s business which are not overdue for a period of more than 90 days or which are being contested in good faith by appropriate proceedings, (b) Indebtedness (other than Indebtedness for borrowed money) arising in connection with transactions in the ordinary course of any Obligor’s business in connection with its purchasing of securities, derivatives transactions, reverse repurchase agreements or dollar rolls to the extent such transactions are permitted under the Investment Company Act and the Investment Policies, provided that such Indebtedness does not arise in connection with the purchase of Portfolio Investments other than Cash Equivalents and U.S. Government Securities and (c) Indebtedness in respect of judgments or awards that have been in force for less than the applicable period for taking an appeal so long as such judgments or awards do not constitute an Event of Default under clause (l) of Article VII.

  • Permitted Receivables Financing means any one or more receivables financings in which (a) any Loan Party or any Restricted Subsidiary (i) sells (as determined in accordance with GAAP) any accounts (as defined in the Uniform Commercial Code as in effect in the State of New York), payment intangibles (as defined in the Uniform Commercial Code as in effect in the State of New York), notes receivable, rights to future lease payments or residuals (collectively, together with certain property relating thereto and the right to collections thereon, being the “Transferred Assets”) to any Person that is not a Subsidiary or Affiliate of the Borrower (with respect to any such transaction, the “Receivables Financier”), (ii) borrows from such Receivables Financier and secures such borrowings by a pledge of such Transferred Assets and/or (iii) otherwise finances its acquisition of such Transferred Assets and, in connection therewith, conveys an interest in such Transferred Assets to the Receivables Financier or (b) any Loan Party or any Restricted Subsidiary sells, conveys or otherwise contributes any Transferred Assets to a Receivables Financing SPC, which Receivables Financing SPC then (i) sells (as determined in accordance with GAAP) any such Transferred Assets (or an interest therein) to any Receivables Financier, (ii) borrows from such Receivables Financier and secures such borrowings by a pledge of such Transferred Assets or (iii) otherwise finances its acquisition of such Transferred Assets and, in connection therewith, conveys an interest in such Transferred Assets to the Receivables Financier; provided that (A) the aggregate Attributed Principal Amount for all such financings shall not at any time exceed $600,000,000 and (B) such financings shall not involve any recourse to any Loan Party or any Restricted Subsidiary for any reason other than (x) repurchases of non-eligible assets or (y) indemnifications for losses other than credit losses related to the Transferred Assets.