Performing Mezzanine Investments means Mezzanine Investments that (a) are not PIK Obligations 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 Mezzanine Investments means Mezzanine Investments which are Performing.
More Definitions of Performing Mezzanine Investments
Performing Mezzanine Investments has the meaning assigned to such term in Section 5.13.
Performing Mezzanine Investments means Mezzanine Investments that (a) are not PIK Obligations, Covenant-Lite Loans or Underperforming Investments and (b) are Performing.
Performing Mezzanine Investments means funded Mezzanine Investments that are Performing.
Performing Mezzanine Investments means funded Mezzanine Investments that (a) are not PIK Obligations and (b) are Performing. “Performing Second Lien Bank Loans” means funded Second Lien Bank Loans that (a) are not PIK Obligations, DIP Loans, Covenant-Lite
Performing Mezzanine Investments means funded Mezzanine Investments that (a) are not PIK Obligations, DIP Loans or Covenant-Lite Loans and (b) are Performing. 121 000000000000.00.XXXXXXXX US\20318313.19
Performing Mezzanine Investments means Mezzanine Investments which are Performing. “Performing Non-Cash Pay High Yield Securities” means Performing High Yield Securities other than Performing Cash Pay High Yield Securities. “Performing Non-Cash Pay Mezzanine Investments” means Performing Mezzanine Investments other than Performing Cash Pay Mezzanine Investments. “Performing Second Lien Bank Loans” means Second Lien Bank Loans which are (i) Cash Pay Bank Loans and (ii) Performing. “Permitted Prior Working Capital Lien” means, with respect to any borrower under a Bank Loan, a security interest to secure a senior facility for such borrower and/or any of its parents and/or subsidiaries; provided that (i) such Bank Loan has a second priority lien on the collateral that is subject to the first priority lien of such senior facility (or a pari passu lien on such collateral), (ii) such senior facility is not secured by any other assets (other than a pari passu lien or a second priority lien, subject to the pari passu or first priority lien of the Bank Loan) and does not benefit from any standstill rights or other agreements (other than customary rights) with respect to any other assets and (iii) the maximum outstanding principal amount of such senior capital facility is not greater than the lower of (x) 15% of the aggregate enterprise value of such borrower (as determined at the time of closing of the transaction, and thereafter an enterprise value for such borrower determined in a manner consistent with the valuation methodology applied in the valuation for such borrower as determined by the Borrower in a commercially reasonable manner) and (y) 20% of the outstanding amount of the associated first priority lien loan. “Preferred Stock” means, as applied to the Capital Stock of any Person, Capital Stock of such Person of any class or classes (however designated) that ranks prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to any shares (or other interests) of other Capital Stock of such Person, and shall include, without limitation, cumulative preferred, non- cumulative preferred, participating preferred and convertible preferred Capital Stock; provided that such Preferred Stock (i) pays a cash dividend on a monthly or quarterly basis and (ii) has a maturity date or is subject to mandatory redemption on a date certain that is not greater than ten (10) years from the date of initial issua...
Performing Mezzanine Investments has the meaning assigned to such term in Section 5.13. “Performing Second Lien Bank Loans” has the meaning assigned to such term in Section 5.13. 27