Restructured asset definition
Restructured asset. A security, debt obligation or other interest acquired by the Issuer resulting from, or received in connection with, the exercise of an option, warrant, right of conversion, pre-emptive right, rights offering, credit bid or similar right in connection with the workout or restructuring of a Collateral Obligation. For the avoidance of doubt, a Restructured Asset will constitute an Equity Security unless and until, as of any date following the acquisition thereof by the Issuer, such Restructured Asset either (i) constitutes a Collateral Restructured Asset or (ii) satisfies each of the requirements set forth in the definition of “Collateral Obligation” (without regard to any carveouts for Collateral Restructured Assets set forth in the definition of “Collateral Obligation”), after which such Restructured Asset shall constitute a Collateral Obligation for all purposes under this Indenture. The acquisition of Restructured Assets will not be required to satisfy the Investment Criteria.
Restructured asset means any credit exposure for which:
Restructured asset means an impaired asset for which:
More Definitions of Restructured asset
Restructured asset means an asset that satisfies criteria set forth in the Article 2.4.1 of this regulation;
Restructured asset means any loan in any Person made by the Borrower or any Subsidiary in which the Borrower or any Subsidiary has agreed to a change in any payment term, including (a) a change in maturity, principal amount or allocation of any mandatory or scheduled prepayment or repayment with respect to principal of, (b) the rate or payment date with respect to interest on, or (c) a change in any term reducing the anticipated economic return of, such loan.
Restructured asset means an asset the provisions of which such as the periodic repayments of interests, fees, commission and principals have been modified or maturity has been prolonged to accommodate and arrange for the temporary financial distress of the obligor in a smooth and orderly fashion and also an asset that satisfies criteria set forth in the Article 2.4.1 of this regulation;