Deferrable Security definition
Deferrable Security means an Asset (excluding a Partial Deferrable Security) which by its terms permits the deferral or capitalization of payment of accrued, unpaid interest.
Deferrable Security. A Portfolio Asset which by its terms permits the deferral and/or capitalization of payment of accrued, unpaid interest.
Deferrable Security means an obligation which, by the terms of its underlying instruments, is permitted to “pay in kind” or defer interest payments.
More Definitions of Deferrable Security
Deferrable Security means a Collateral Debt Obligation (including any Permitted Deferrable Security) that by its terms permits the deferral or capitalization of payment of accrued, unpaid interest.
Deferrable Security means any Collateral Debt Security that is contractually permitted to defer interest payments for a period of time that is less than one year; provided that such deferral period occurs continuously and no more than once.
Deferrable Security. An obligation (other than a Partial PIK Obligation) which by its terms permits the deferral or capitalization of payment of accrued, unpaid interest. “Deferred Interest Secured Notes”: Collectively, the Class C Notes, the Class D Notes and the Class E Notes.
Deferrable Security. A Collateral Obligation (excluding a Partial Deferrable Security) which by its terms permits the deferral of payment or capitalization of accrued, unpaid interest.
Deferrable Security. A Collateral Obligation (including any Permitted Deferrable Security) that by its terms permits the deferral or capitalization of payment of accrued, unpaid interest; provided that a loan that requires, by the terms of its applicable Underlying Instruments, interest to be paid in cash at a rate of (in the case of a Permitted Deferrable Security that is a Fixed Rate Obligation) at least 3.00% and (in the case of a Permitted Deferrable Security that is a Floating Rate Obligation) at least the Benchmark plus 2.00% per annum shall be deemed not to be a Deferrable Security.
Deferrable Security means a Collateral Obligation which by its terms permits the deferral of payment of accrued, unpaid interest.
Deferrable Security. A Collateral Loan that by its terms permits the deferral or capitalization of payment of accrued, unpaid interest.