Distressed Fund definition

Distressed Fund means a fund, a material part of whose investment strategy includes purchasing debt for the primary purpose of actively managing that debt holding to obtain ownership of equity in the relevant borrower(s) and/or to exploit holdout or blocking positions, provided that any Affiliate or Related Fund that is managed or controlled independently and/or is subject to an information barrier from such fund shall not be a Distressed Fund.
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Distressed Fund means an investment fund that invests primarily (whether through equity or debt investments) in financially-distressed companies and companies in bankruptcy.
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Distressed Fund means a fund, a material part of whose investment strategy includes purchasing debt for the primary purpose of actively managing that debt holding to obtain ownership of equity in the relevant borrower(s) and/or to exploit holdout or blocking positions, provided that any Affiliate or Related Fund that is managed or controlled independently and/or is subject to an information barrier from such fund shall not be a Distressed Fund. Certain identified information has been excluded from this exhibit because it is both not material and is the type that the registrant treats as private or confidential. Information that was omitted has been noted in this document with a placeholder identified by the mark “[***]”.
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Examples of Distressed Fund in a sentence

  • The Advisor is the investment manager or advisor to GoldenTree Distressed Fund 2014 LP (“GDF”), GoldenTree E Distressed Debt Fund II LP (“GEDD”), GT NM, L.P. (“GTNM”), GoldenTree Distressed Master Fund 2014 Ltd.

  • Further, as noted in note 13, the underlying fund is in liquidation ("Distressed Fund").

  • Common Stock held directly by Goldentree Distressed Fund 2014 LP.

  • Common Stock held directly by Goldentree NJ Distressed Fund 2015 LP.

  • No. 32524 (March 7, 2017); Ramius Archview Credit and Distressed Fund, et al., Investment Co. Rel.

  • Devin Banerjee, KKR Gets $3.35 Billion for Distressed Fund as Defaults Loom, BLOOMBERG (Apr.

  • GoldenTree Distressed Fund 2014 LP GoldenTree E Distressed Debt Master Fund II LP Golden Tree E Distressed Debt Fund II LP Golden Tree Entrust Master Fund SPC on behalf of and for the account of Segregated Portfolio I GoldenTree Master Fund, Ltd.

  • Common Stock held directly by GoldenTree Distressed Fund 2014 LP.

  • A scanned copy of the unit costs Declaration established by the applicant shall be attached to each application.The originals shall be kept by the beneficiary.Please refer to the Guidelines to unit costs for establishing and implementing unit costs in the applications and grant agreements.

  • The Advisor is the investment manager or advisor to GoldenTree Distressed Fund 2014 LP (“GDF”), GT NM, L.P. (“GTNM”), GoldenTree Distressed Master Fund 2014 Ltd.

Related to Distressed Fund

  • Distressed Person has the meaning set forth in the definition of “Lender-Related Distress Event.”

  • Distressed means satisfying the criteria applicable to a locality described in subdivision E 2 of

  • Pooled Fund means any pooled fund established and maintained by the Partners as a pooled fund in accordance with the Regulations Pooled Fund Manager means such officer of the Host Partner which includes a Section 113 Officer for the relevant Pooled Fund established under an Individual Scheme as is nominated by the Host Partner from time to time to manage the Pooled Fund in accordance with Clause 8.2. Provider means a provider of any Services commissioned under the arrangements set out in this Agreement.

  • Related Fund means, with respect to any Lender that is an investment fund, any other investment fund that invests in commercial loans and that is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor.

  • Distressed Mortgage Loan Any Mortgage Loan that at the date of determination is Delinquent in payment for a period of 90 days or more without giving effect to any grace period permitted by the related Mortgage Note or for which the applicable Servicer or the Trustee has accepted a deed in lieu of foreclosure.

  • Distress Event means any of:

  • Double distressed means satisfying the criteria applicable to a locality described in subdivision E 3

  • Managed Fund means those Funds, individually and collectively, for which the Portfolio Manager makes buy and sell decisions.

  • Approved Fund means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.

  • Restricted Fund means a fund in which the use of the principal or principal and income is restricted by agreement with, or direction by, the donor to a specific purpose. Restricted fund does not include a fund over which the owner has complete control. The owner is deemed to have complete control over a fund that is to be used for general operating or building purposes.

  • Regulated Funds means the Existing Regulated Fund, the Future Regulated Funds and the BDC Downstream Funds.

  • Distressed municipality means a municipality that is qualified

  • Lender-Related Distress Event means, with respect to any Lender or any person that directly or indirectly controls such Lender (each, a “Distressed Person”), as the case may be, a voluntary or involuntary case with respect to such Distressed Person under any Debtor Relief Law, or a custodian, conservator, receiver or similar official is appointed for such Distressed Person or any substantial part of such Distressed Person’s assets, or such Distressed Person or any person that directly or indirectly controls such Distressed Person is subject to a forced liquidation, or such Distressed Person makes a general assignment for the benefit of creditors or is otherwise adjudicated as, or determined by any Governmental Authority having regulatory authority over such Distressed Person or its assets to be, insolvent or bankrupt; provided that a Lender-Related Distress Event shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any equity interests in any Lender or any person that directly or indirectly controls such Lender by a Governmental Authority or an instrumentality thereof.

  • Affiliated Fund means with respect to any Investors, each corporation, trust, limited liability company, general or limited partnership or other entity under common control with that Investor (including any such entity with the same general partner or principal investment advisor as that Investor or with a general partner or principal investment advisor that is an Affiliate of the general partner or principal investment advisor of that Investor).

  • Approved Funding has the meaning ascribed to it in Schedule B.

  • Stayed Funds If the Master Servicer is the subject of a proceeding under the federal Bankruptcy Code and the making of a Remittance (as defined in Section 7.02(b)) is prohibited by Section 362 of the federal Bankruptcy Code, funds that are in the custody of the Master Servicer, a trustee in bankruptcy or a federal bankruptcy court and should have been the subject of such Remittance absent such prohibition.

  • Distressed merchandise means an alcoholic product in the possession of the

  • Related Funds means with respect to any Lender that is an Approved Fund, any other Approved Fund that is managed by the same investment advisor as such Lender or by an Affiliate of such investment advisor.

  • Permitted Fund Manager means any Person that on the date of determination is (i) one of the entities on Exhibit C attached hereto and made a part hereof or any other nationally-recognized manager of investment funds investing in debt or equity interests relating to commercial real estate, (ii) investing through a fund with committed capital of at least $250,000,000 and (iii) not subject to a proceeding relating to the bankruptcy, insolvency, reorganization or relief of debtors.

  • Institutional fund means a fund held by an institution exclusively for charitable purposes. The term does not include:

  • excepted fund means any: (1) money market fund; (2) fund that issues securities that are listed on a national exchange; and (3) fund that affirmatively permits short-term trading of its securities, if its prospectus clearly and prominently discloses that the fund permits short-term trading of its securities and that such trading may result in additional costs for the fund.

  • Distressed Principal Balance With respect to any Payment Date, the sum, without duplication, of the UPB of Reference Obligations that meet any of the following criteria: (a) Reference Obligations that are 60 days or more delinquent; (b) Reference Obligations that are in foreclosure, bankruptcy, or REO status; or (c) Reference Obligations that were modified in the 12 months preceding the end of the related Reporting Period. DTC: The Depository Trust Company, a limited-purpose trust company, which holds securities for DTC Participants and facilitates the clearance and settlement of transactions between DTC participants through electronic book-entry changes in accounts of DTC participants. DTC Participants: Participants in the DTC System. DTC Notes: Notes cleared, settled and maintained on the DTC System, registered in the name of a nominee of DTC. All of the Notes will be DTC Notes at issuance.

  • Securitization Property means the property described in section 10j.

  • Money market mutual fund means an open-end managed investment fund:

  • Consolidated Fund means the Consolidated Fund established by this Constitution;

  • Pooled fund group means an internally created fund of a district in which one or more institutional accounts of a district are in- vested.