Mezzanine Obligation definition

Mezzanine Obligation means a Portfolio Investment which is unsecured, subordinated debt of a company that represents a claim on such company's assets which is senior only to that of the equity securities of such company.

Mezzanine Obligation means (a) a mezzanine loan obligation or other comparable debt obligation (including any such loan or debt obligation with attached warrants and including any such obligation which is evidenced by an issue of notes), as determined by the Collateral Manager, or a Participation therein; and/or (b) a Synthetic Security, the Reference Obligation applicable to which is an obligation of the type described in (a) above.

Mezzanine Obligation means a Portfolio Investment which is not a Senior Secured Loan or a Second Lien Loan.

Examples of Mezzanine Obligation in a sentence

• The Issuer will invest in a Portfolio of Collateral Debt Obligations consisting, at the Closing Date, of Senior Loans, Mezzanine Obligations, High Yield Bonds, PIK Securities, Structured Finance Securities and Synthetic Securities under which the Reference Obligation is a Senior Loan, Mezzanine Obligation, PIK Security, Structured Finance Security or High Yield Bond.

• As referred to above, although any particular Senior Obligation, Unsecured Senior Obligations, Second Lien Loan, Mezzanine Obligation and High Yield Bond often will share many similar features with other loans, securities and obligations of its type, the actual terms of any particular Senior Obligation, Unsecured Senior Obligation, Second Lien Loan, Mezzanine Obligation and High Yield Bond will have been a matter of negotiation and will thus be unique.

• Defaulted Deferring Mezzanine Obligation means a Mezzanine Obligation which by its contractual terms provides for the deferral of interest and is a Defaulted Obligation.

• The operation of the capital market is viewed by participants on both sides of the market as reasonably transparent.

• The Issuer will invest in a Portfolio of Collateral Debt Obligations consisting predominantly of Senior Loans, Second Lien Loans, Mezzanine Obligations, High Yield Obligations and Synthetic Securities under which the Reference Obligation is a Senior Loan, Second Lien Loan, Mezzanine Obligation or High Yield Obligation.

More Definitions of Mezzanine Obligation

Mezzanine Obligation means a Portfolio Investment which is unsecured, subordinated debt of the obligor.

Mezzanine Obligation means (a) a secured mezzanine obligation (including any such loan which has attached warrants or is evidenced by an issue of notes) as determined by the Collateral Manager in its reasonable business judgement, a Participation therein or an interest in any such obligation including a Synthetic Security the Reference Obligation under which is an obligation of the type described above, or (b) a loan with a second priority security interest as determined by the Collateral Manager in its reasonable business judgement;

Mezzanine Obligation means a subordinate Loan or Debt Security that is senior to all equity classes. For clarity, Mezzanine Obligations shall not include any preferred stock or any equity security that is mandatorily redeemable as defined by GAAP.

Mezzanine Obligation means an obligation which is unsecured, subordinated debt of the applicable obligor.

Mezzanine Obligation means (a) a mezzanine loan obligation or other comparable debt obligation (including any such loan or debt obligation with attached warrants and including any such obligation which is evidenced by an issue of notes), as determined by the Collateral Manager, or a Participation therein.

Mezzanine Obligation means a Collateral Debt Obligation that is:

Mezzanine Obligation means a mezzanine loan obligation or other comparable debt obligation, including: (a) Second Lien Obligations; (b) any such loan obligation with attached warrants or other options to acquire a share or other equity interest; (c) cash pay or non-cash pay obligations; and (d) any such obligation which is evidenced by an issue of notes or similar instruments as determined by the Investment Managers in their reasonable business judgement, or a Participation therein.