Tier 2 Definitions definition
Tier 2 Definitions. (Tier 2 only includes First Lien Loans, First Out Loans, Second Lien Loans, Second Lien Qualifying Covenant-Lite Loans and Last Out Loans)
Tier 2 Definitions. (Tier 2 only includes First Lien Loans, First Out Loans, Second Lien Loans and Last Out Loans) “Adjusted Tier 2 Purchased Loan Balance” For any Eligible Loan, its Tier 2 Purchased Loan Balance minus the applicable Allocated Excess Concentration Loan Amount. “Tier 2 Advance Rate” 52% “Tier 2 Leverage Ratio” For each Eligible Loan, shall be determined as follows: