Superior Loan definition
Superior Loan shall have the meaning provided in Section 7.10.
Superior Loan means any Loan which is an Eligible Loan and which satisfies, as of the applicable Closing Date, all of the criteria for a Preferred Loan and at least four of the following criteria: (i) the Loan has a Collateral Coverage Ratio of at least 1.5%, (ii) the related Obligor has a Cash Flow Ratio of at least 2.0%, (iii) the related Obligor has owned and operated the quick-service food franchise to which such Loan relates for at least six (6) years, (iv) the related Obligor has a Leverage Ratio (as shown on the related Obligor Financial Statement) of less than 2.5:1, and (v) the related Obligor's Obligor Financial Statements show positive EBITDA for each of the three most recent fiscal years.