Eligible Collateral Obligation

Example Definitions of "Eligible Collateral Obligation"
Eligible Collateral Obligation. Means, on any Measurement Date, each Collateral Obligation that satisfies the following conditions (unless otherwise waived by the Administrative Agent and the Required Lenders (and, if there is more than one Lender on such Measurement Date, at least two Lenders) in their respective sole discretion on the applicable Approval Notice; provided, that the Borrower shall be permitted, at its sole expense and effort, to replace any Lender that has not consented to any such proposed waiver in... accordance with Section 17.16(b)): View More
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