Threshold Event Collateral definition

Threshold Event Collateral shall have the meaning assigned to such term in Section 5(g).
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Threshold Event Collateral. As defined in Section 3.28(f).
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Threshold Event Collateral shall have the meaning assigned to such term in Section 20(c) hereof.
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Examples of Threshold Event Collateral in a sentence

  • Any Threshold Event Collateral posted by a Serviced Subordinate Companion Loan Holder shall be held in an outside reserve fund which shall not be an asset of any Trust REMIC, and the party that posted such Threshold Event Collateral shall be the owner of such outside reserve fund, all within the meaning of Treasury Regulations Section 1.860G-2(h).

  • The entire amount of Threshold Event Collateral, without a haircut or other reduction, shall be considered in determining the sufficiency of such Threshold Event Collateral to avoid a Control Appraisal Event.

  • The Threshold Event Cure shall continue until (i) the Appraised Value of the Mortgaged Property plus the value of the Threshold Event Collateral would not be sufficient to prevent a Control Appraisal Event from occurring; or (ii) the occurrence of a Final Recovery Determination.

  • Any Threshold Event Collateral posted by a Serviced Subordinate Companion Loan Holder shall be held in an outside reserve fund which shall not be an asset of either Trust REMIC, and the party that posted such Threshold Event Collateral shall be the owner of such outside reserve fund, all within the meaning of Treasury Regulations Section 1.860G-2(h).

  • If the Appraised Value of the Mortgaged Property, upon any redetermination thereof, is sufficient to avoid the occurrence of a Control Appraisal Event without taking into consideration any, or some portion of, Threshold Event Collateral previously delivered by the Controlling Holder, the Threshold Event Collateral (or such portion thereof) held by the Trustee, the Master Servicer or the Special Servicer shall promptly be returned to such Controlling Holder (at its sole expense).


More Definitions of Threshold Event Collateral

Threshold Event Collateral. As defined in the Co-Lender Agreement.
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Threshold Event Collateral shall have the meaning assigned to such term in Section 4(f).
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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.
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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.
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Threshold Event Collateral. As defined in Section 3.28(f) of this Agreement.
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Threshold Event Collateral has the meaning set forth in Section 9.2.
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Threshold Event Collateral. Either (a) cash collateral held by the Certificate Administrator and acceptable to the Servicer 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 ▇▇▇▇▇’▇ or the short-term obligations of which are rated at least “A-1+” by S&P, “R-1(middle)” by Morningstar DBRS, “F1” by ▇▇▇▇▇ and “P-1” by ▇▇▇▇▇’▇, in any case in an amount which, when added to the appraised value of the Property as determined pursuant to this Agreement, would cause the applicable termination of a Subordinate Control Period not to occur.
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