Mezzanine Obligations definition

Mezzanine Obligations means unsecured obligations that are contractually subordinated in right of payment to other debt of the same issuer.

Mezzanine Obligations has the meaning of “Obligations” in the Mezzanine Loan Agreement.

Mezzanine Obligations has the meaning specified in Section 6.16(b).

Examples of Mezzanine Obligations in a sentence

• The different insolvency regimes applicable in the different European jurisdictions result in a corresponding variability of recovery rates for Senior Obligations, Mezzanine Obligations and High Yield Bonds entered into by Obligors in such jurisdictions.

• Furthermore, the holders of Senior Obligations, Second Lien Loans and Mezzanine Obligations are more diverse than ever before, including not only banks and specialist finance providers but also alternative collateral managers, specialist debt and distressed debt investors and other financial institutions.

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

• Recoveries on both Senior Obligations, Second Lien Loans and Mezzanine Obligations may also be affected by the different bankruptcy regimes applicable in different jurisdictions, the availability of comprehensive security packages in different jurisdictions and the enforceability of claims against the Obligors thereunder.The effect of an economic downturn on default rates and the ability of finance providers to protect their investment in a default situation is uncertain.

• The returns on Senior Obligations, Second Lien Loans and/or Mezzanine Obligations therefore may not adequately reflect the risk of future defaults and the ultimate recovery rates.A non-investment grade loan or debt obligation or an interest in a non-investment grade loan is generally considered speculative in nature and may become a Defaulted Obligation for a variety of reasons.

More Definitions of Mezzanine Obligations

Mezzanine Obligations means subordinate loans or Debt Securities (including convertible Debt Securities) that are 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 Obligations means unsecured obligations that are contractually subordinated in right of payment to other debt of the same

Mezzanine Obligations means, collectively, the principal of and interest on the Mezzanine Loans and all other amounts from time to time owing to the Mezzanine Lenders or the Mezzanine Agent by the Borrower under the Mezzanine Loan Agreement and this Agreement, including any such amounts arising after the commencement of any Insolvency Proceeding with respect to the Borrower (and including the payment of interest, fees and expenses which would accrue and become due but for the commencement of such Insolvency Proceeding whether or not such interest, fees or expenses are allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding).

Mezzanine Obligations means the Mezzanine Bonds and the Mezzanine Auxiliary Obligations, and with respect to a Series of Bonds, the Related Mezzanine Bonds and any Related Mezzanine Auxiliary Obligations.

Mezzanine Obligations means unsecured obligations that are contractually subordinated in right of payment to other debt of the same issuer. “Minimum Coupon” means 6.50%.

Mezzanine Obligations all obligations of the Borrower now or hereafter existing with respect to the Mezzanine Loan, whether for principal, interest, fees, expenses or otherwise, and all obligations of the Borrower now or hereafter existing under this Agreement, the Mezzanine Note and all other Mezzanine Loan Documents.

Mezzanine Obligations has the meaning ascribed thereto in the Subordination and Security Agreement.