Performing First Lien Bank Loans definition
Performing First Lien Bank Loans means First Lien Bank Loans which are Performing.
Performing First Lien Bank Loans means funded First Lien Bank Loans that (a) are not PIK Obligations, DIP Loans or Covenant-Lite Loans and (b) are Performing.
Performing First Lien Bank Loans has the meaning assigned to such term in Section 5.13.
Examples of Performing First Lien Bank Loans in a sentence
Title: [Borrowing Base Calculation]5,6 Cash, Cash Equivalents and Short-Term U.S. Government Securities (excluding cash held as cash collateral for Letters of Credit) Total: $ Long-Term U.S. Government Securities Total: $ Performing First Lien Bank Loans Total: $ Performing Last Out Loans Total: $ 5 Set out below is the minimum information required; the Borrower may, if convenient, supplement this Annex with additional information.
Title: Cash, Cash Equivalents and Short-Term U.S. Government Securities (excluding cash held as cash collateral for Letters of Credit) Identity of Investment Value of Investment Advance Rate7 Total: $___________ Long-Term U.S. Government Securities Total: $___________ Performing First Lien Bank Loans Total: $___________ 6 Set out below is the minimum information required; the Borrower may, if convenient, supplement this Annex with additional information.
More Definitions of Performing First Lien Bank Loans
Performing First Lien Bank Loans means funded First Lien Bank Loans that (a) are not PIK Obligations, DIP Loans or Covenant-Lite Loans and (b) are Performing. “Performing First Lien Middle Market Loans” means funded First Lien Bank Loans to a Portfolio Company with trailing 12 month EBITDA of less than $15,000,000 that (a) are not PIK Obligations, DIP Loans, Covenant-Lite Loans, Last Out Loans or Second Lien Bank Loans and (b) are Performing. “Performing High Yield Securities” means funded High Yield Securities that (a) are not PIK Obligations or DIP Loans and (b) are Performing. “Performing Last Out Loans” means funded Last Out Loans that (a) are not PIK Obligations, DIP Loans or Covenant-Lite Loans and (b) are Performing. “Performing Mezzanine Investments” means funded Mezzanine Investments that (a) are not PIK Obligations, DIP Loans or Covenant-Lite Loans and (b) are Performing. “Performing PIK Obligations” means PIK Obligations that (a) are not DIP Loans and (b) are Performing. “Performing Second Lien Bank Loans” means Second Lien Bank Loans that (a) are not PIK Obligations, DIP Loans, Covenant-Lite Loans or Last Out Loans and (b) are Performing. “Permitted Foreign Jurisdiction” means Canada, Belgium, France, Germany, Ireland, Luxembourg, the Netherlands, Australia, New Zealand, Denmark, Norway, Sweden and Switzerland and the United Kingdom. “Permitted Foreign Jurisdiction Portfolio Investment” means any Portfolio Investment that meets the eligibility criteria under paragraph (8) of Schedule 1.01(c) by reference to a Permitted Foreign Jurisdiction. “Permitted Prior Working Capital Lien” means, with respect to a Portfolio Company that is a borrower under a Bank Loan, a security interest to secure a working capital facility for such Portfolio Company in the accounts receivable and/or inventory (and all related property and all proceeds thereof) of such Portfolio Company and any of its subsidiaries that are
Performing First Lien Bank Loans means funded First Lien Bank Loans that (a) have a trailing 12-month EBITDA of at least $20,000,000 as calculated by the Borrower in a commercially reasonable manner, (b) are not PIK Obligations, DIP Loans, Covenant-Lite Loans, Second Lien Bank Loans or Last Out Loans and (c) are Performing.
Performing First Lien Bank Loans means First Lien Bank Loans (which are not Performing DIP Loans) which are (a) Performing and (b) except in the case of Performing LTV Transactions, Cash Pay Bank Loans.
Performing First Lien Bank Loans means funded First Lien Bank Loans that (a) are not PIK Obligations, DIP Loans or Covenant-Lite Loans and (b) are Performing. “Performing High Yield Securities” means funded High Yield Securities that (a) are not PIK Obligations and (b) are Performing.
Performing First Lien Bank Loans means First Lien Bank Loans that (a) are not PIK Obligations, DIP Loans or Covenant-Lite Loans and
Performing First Lien Bank Loans means First Lien Bank Loans which are Performing. “Performing Non-Cash Pay High Yield Securities” means Performing High Yield Securities other than Performing Cash Pay High Yield Securities.
Performing First Lien Bank Loans shall be 5% less than the applicable Advance Rate indicated in the table. For the avoidance of doubt, the above categories are intended to be indicative of the traditional investment types in a fully capitalized issuer. All determinations of whether a particular portfolio investment belongs to one category or another shall be made by the Borrower on a consistent basis with the foregoing. For example, a secured bank loan at a holding company, the only assets of which are the shares of a fully capitalized operating company, may constitute Mezzanine Investments but would not ordinarily constitute a First Lien Bank Loan.