High Yield Securities definition

High Yield Securities means debt Securities and Preferred Stock, in each case (a) issued by public or private issuers, (b) issued pursuant to an effective registration statement or pursuant to Rule 144A under the Securities Act (or any successor provision thereunder) or other exemption to the Securities Act and (c) that are not Cash Equivalents, Mezzanine Investments or Bank Loans.

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High Yield Securities means debt Securities and Preferred Stock, in each case (a) issued by public or private issuers, (b) issued pursuant to an effective registration statement or pursuant to Rule 144A under the Securities Act (or any successor provision thereunder) and (c) that are not Cash Equivalents, Mezzanine Investments or Bank Loans.

High Yield Securities has the meaning assigned to such term in Section 5.13.

Examples of High Yield Securities in a sentence

• Risks Associated with High Yield Securities: Approved ▇▇▇▇▇▇▇ clients may invest in high yield securities.

• Maryland Corporation ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Equally-Weighted S&P 500 Fund Massachusetts Business trust ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Fundamental Value Fund Massachusetts Business trust ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ FX Series Funds Massachusetts Business trust ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Global Advantage Fund Massachusetts Business trust ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Global Dividend Growth Massachusetts Business trust Securities ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Health Sciences Trust Massachusetts Business trust ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ High Yield Securities Inc.

• Blackhawk acknowledges that the Purchaser currently intends that payment of the Purchase Price pursuant to Section 4.3 will be financed, in part, by an offering of High Yield Securities and the arranging of funded senior bank debt financing.

• Morgan Stanley Equally-Weighted S&P Massachusetts ▇▇▇▇ness trust 500 Fund Morgan Stanley Fundamental Value Fund Massachusetts ▇▇▇▇ness trust Morgan Stanley FX Series Funds Massachusetts ▇▇▇▇ness trust Morgan Stanley Global Advantage Fund Massachusetts ▇▇▇▇ness trust Morgan Stanley Global Dividend Growth Massachusetts ▇▇▇▇ness trust Securities Morgan Stanley Health Sciences Trust Massachusetts ▇▇▇▇ness trust Morgan Stanley High Yield Securities Maryland ▇▇▇▇oration Inc.

• Morgan Stanley Equally-Weighted S&P Massachusetts ▇▇▇▇▇▇ss trust 500 Fund Morgan Stanley Fundamental Value Fund Massachusetts ▇▇▇▇▇▇ss trust Morgan Stanley FX Series Funds Massachusetts ▇▇▇▇▇▇ss trust Morgan Stanley Global Advantage Fund Massachusetts ▇▇▇▇▇▇ss trust Morgan Stanley Global Dividend Growth Massachusetts ▇▇▇▇▇▇ss trust Securities Morgan Stanley Health Sciences Trust Massachusetts ▇▇▇▇▇▇ss trust Morgan Stanley High Yield Securities Maryland ▇▇▇▇▇▇ation Inc.

More Definitions of High Yield Securities

High Yield Securities means Municipal Obligations not rated by S&P but rated equivalent to BBB or lower by another NRSRO, rated BB+ or lower by S&P or not rated.

High Yield Securities means debt Securities and Preferred Equity (solely to the extent that such Preferred Equity has a maturity date or is subject to mandatory redemption on a date certain that is not greater than ten (10) years from the date of initial issuance of such Preferred Equity), in each case, (a) issued by public or private issuers, (b) issued pursuant to an effective registration statement or pursuant to Rule 144A under the Securities Act (or any successor provision thereunder) or other exemption to the Securities Act and (c) that are not Cash Equivalents, Mezzanine Investments (described under clause (i) of the definition thereof) or Bank Loans.

High Yield Securities means debt Securities (other than the “in the money” component of any convertible debt Securities) (a) issued by public or private issuers, (b) issued pursuant to an effective registration statement or pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (c) that are not Cash Equivalents or Bank Loans and (d) that are not contractually subordinated in right of payment to any other indebtedness (it being understood that indebtedness will not be deemed to be subordinated in right of payment to other indebtedness solely as a result of having a junior lien on any assets).

High Yield Securities means (i) the o225,000,000 10 1/2% senior notes due 2006 and 10 1/2% senior notes due 2006, series B; (ii) the $200,000,000 10 3/8% senior notes due 2009 and the 10 3/8% senior notes due 2009, series B; (iii) the $265,000,000 11 1/2% senior notes due 2007 and the 11 1/2% senior notes due 2007, series B, (iv) the o275,000,000 11% senior notes due 2009 and 11% senior notes due 2009, series B, and (v) the o85,000,000 10 3/8% senior notes due 2006 and the 10 3/8% senior notes due 2006, series B in each case, issued by the Immediate Shareholder;

High Yield Securities has the meaning assigned to such term in Section 5.13. “IBA” has the meaning assigned to such term in Section 1.07. “Immaterial Subsidiaries” means those Subsidiaries of the Borrower that are designated as “Immaterial Subsidiaries” by the Borrower from time to time (it being understood that the Borrower may at any time change any such designation); provided that such designated Immaterial Subsidiaries shall collectively meet all of the following criteria as of the date of (x) the designation of each such Immaterial Subsidiary and (y) the most recent balance sheet required to be delivered pursuant to Section 5.01 (and the Borrower shall in each case deliver to the Administrative Agent a certificate of a Financial Officer to such effect setting forth reasonably detailed calculations demonstrating such compliance): (a) such Subsidiaries and their Subsidiaries do not hold any Eligible Portfolio Investment included in the Borrowing Base, (b) the aggregate assets of all such Subsidiaries and their Subsidiaries (on a consolidated basis) as of such date do not exceed an amount equal to 3% of the consolidated assets of the Borrower and its Subsidiaries as of such date; and (c) the aggregate revenues of all such Subsidiaries and their Subsidiaries (on a consolidated basis) for the fiscal quarter ending on such date do not exceed an amount equal to 3% of the consolidated revenues of the Borrower and its Subsidiaries for such period. Notwithstanding the foregoing, no Immaterial Subsidiary that is later designated as a Subsidiary Guarantor may be an Immaterial Subsidiary. “Impacted Interest Period” has the meaning assigned to such term in the definition of “Eurocurrency Rate”. “Increasing Lender” has the meaning assigned to such term in Section 2.07(e)(i). “Indebtedness” of any Person means, without duplication, (a) (i) all obligations of such Person for borrowed money or (ii) with respect to deposits, loans or advances of any kind that are required to be accounted for under GAAP as a liability on the financial statements of an Obligor (other than deposits received in connection with a Portfolio Investment in the ordinary course of the Obligor’s business (including, but not limited to, any deposits or advances in connection with expense reimbursement, prepaid agency fees, other fees, indemnification, work fees, tax distributions or purchase price adjustments)), (b) all obligations of such Person evidenced by bonds, debentures, notes or similar debt instruments, (c) all...

High Yield Securities means debt Securities, in each case (a) issued by public or private issuers, (b) issued pursuant to an effective registration statement or pursuant to Rule 144A under the Securities Act (or any successor provision thereunder) and (c) that are not Cash Equivalents, Mezzanine Investments (described under clause (i) of the definition thereof) or Bank Loans. “Last Out Loan” means, with respect to any loan that would otherwise qualify as a First Lien Bank Loan but is a term loan structured in a first out tranche and a last out tranche (with the first out tranche entitled to a lower interest rate but priority with respect to payments), that portion of such Bank Loan that is the last out tranche; provided that: (a) such last out tranche is entitled (along with the first out tranche) to the benefit of a first lien and first priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof (subject to customary exceptions), and which has the most senior pre-petition priority in any bankruptcy, reorganization, arrangement, insolvency, or liquidation proceedings (taking into account the 130

High Yield Securities means debt Securities and Preferred Stock, in each case