Performing First Lien Bank Loans means First Lien Bank Loans which are Performing.
Non-Performing Second Lien Bank Loans means Second Lien Bank Loans other than Performing Second Lien Bank Loans.
Performing Second Lien Bank Loans means Second Lien Bank Loans which are Performing.
Non-Performing Mezzanine Investments means Mezzanine Investments other than Performing Mezzanine Investments.
Non-Performing High Yield Securities means High Yield Securities other than Performing High Yield Securities.
First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.
Additional First Lien Obligations means any Indebtedness having Pari Passu Lien Priority relative to the Notes with respect to the Collateral; provided, that an authorized representative of the holders of such Indebtedness shall have executed a joinder to the Security Documents, without the need for any other party to execute such joinder for such authorized representative to become party to the Security Documents.
Second Lien Bank Loan means a Bank Loan that is entitled to the benefit of a second lien and second priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.
First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.
L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.
Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.