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, Covenant-Lite Loans, Second Lien Bank Loans or Last Out Loans and (b) are Performing.
Performing First Lien Bank Loans has the meaning assigned to such term in Section 5.13.
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, Covenant-Lite Loans or Second Lien Bank Loans and (b) 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) 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 (bc) 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 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 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 means First Lien Bank Loans which are Cash Pay Bank Loans and are Performing. Senior Secured Credit Agreement
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.