Collateral Database definition

Collateral Database has the meaning set forth in Section 11.3(a)(i).
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Collateral Database has the meaning assigned to that term in Section 10.02(b)(iv).
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Collateral Database. The meaning specified in Section 7.2(b)(x).
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Examples of Collateral Database in a sentence

  • The Collateral Agent shall permit access to the information in the Collateral Database by the Borrower and the Administrative Agent no later than fifteen (15) days after the Closing Date.

  • Within fifteen (15) days after the Closing Date, the Manager shall provide a daily report to the Borrower and the Administrative Agent, in an electronic format and in scope mutually acceptable to the Manager, the Borrower and the Administrative Agent, that summarizes the material information contained in the Collateral Database, including, without limitation, the Outstanding Balance of the Collateral and balances of the Controlled Accounts.

  • The Manager shall update the Collateral Database promptly for Loan Assets and Permitted Investments acquired or sold or otherwise disposed of and for any amendments or changes to Loan Asset amounts or interest rates.

  • As promptly as possible after the Closing Date, and in any event no later than fifteen (15) days after the Closing Date, the Manager shall create a database (the “Collateral Database”) with respect to the Loan Assets held by the Borrower on the Closing Date, which Collateral Database shall include all information reasonably requested by the Administrative Agent with respect to the Loan Assets and the Collateral, on an individual Loan Asset basis and on a portfolio basis.


More Definitions of Collateral Database

Collateral Database has the meaning assigned to such term in Section 8.10(a)(i).
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Collateral Database has the meaning assigned to such term in Section 15.01(b).
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Collateral Database has the meaning assigned to that term in Section 6.05.
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Collateral Database has the meaning specified in Section 2(k).
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Collateral Database means the collateral database registry established and maintained by the Registrar General under section 29 (1) of the Act;
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Collateral Database has the meaning assigned to such term in Section 15.01(b). “Collateral Default Ratio” means, on any date of determination, the ratio (expressed as a percentage) equal to (a) the sum of the Principal Balances of all Collateral Loans that became Defaulted Loans during the previous month net of any recoveries actually received by the Borrower in respect of such Defaulted Loans, divided by (b) the average Aggregate Principal Balance of all Collateral Loans during the previous month. “Collateral Interest Amount” means, as of any Determination Date, without duplication, the sum of (A) the aggregate amount of “Interest Proceeds” calculated solely pursuant to clause (a) of the definition of “Interest Proceeds” that have been received according to the payment schedule(s) under the Related Documents during the Collection Period ending on such Determination Date plus (B) the Dollar Equivalent of all interest and other income that is accrued but unpaid during such Collection Period on the Collateral Loans (excluding any such amounts with respect to Ineligible Loans). “Collateral Loan” means a Loan that is owned by the Borrower and included as part of the Collateral. “Collateral Management Fee” means the monthly fee, accruing from the Closing Date, payable in arrears on each Payment Date for the related Interest Accrual Period, in an amount equal to 0.35% per annum (calculated on the basis of a 360 day year and the actual number of days elapsed) of the Monthly Asset Amount. “Collateral Management Standard” means, with respect to any Loan included in the Collateral, to service and administer such Collateral Loan in accordance with the Related Documents and all customary and usual servicing practices (a) which are consistent with the higher of: (i) the customary and usual servicing practices that a prudent loan investor or lender would use in servicing loans like the Collateral Loans for its own account, and (ii) the same care, skill, prudence and diligence with which the Collateral Manager services and administers loans for its own account or for the account of others; (b) to the extent not inconsistent with clause (a), with a view to maximize the value of the Collateral Loans; and (c) without regard to: (i) any relationship that the Collateral Manager or any Affiliate of the Collateral Manager may have with any Obligor or any Affiliate of any Obligor, (ii) the Collateral Manager’s obligations to incur servicing and administrative expenses with respect to a Collateral L...
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Collateral Database has the meaning assigned to such term in Section 15.01(b). “Collateral Default Ratio” means, on any date of determination, the ratio (expressed as a percentage) equal to (a) the sum of the Principal Balances of all Collateral Loans that became Defaulted Loans during the previous month net of any recoveries actually received by the Borrower in respect of such Defaulted Loans, divided by (b) the average Aggregate Principal Balance of all Collateral Loans during the previous month. “Collateral Interest Amount” means, as of any Determination Date, without duplication, the sum of (A) the aggregate amount of “Interest Proceeds” calculated solely pursuant to clause (a) of the definition of “Interest Proceeds” that have been received according to the payment schedule(s) under the Related Documents during the Collection Period ending on such Determination Date plus (B) all interest and other income that is accrued but unpaid during such Collection Period on the Collateral Loans (excluding any such amounts with respect to Ineligible Loans).
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