Defaulted Investment definition
Defaulted Investment means any Investment (a) that is 45 days or more past due with respect to any interest or principal payments or (b) that is or otherwise should be considered a non-accrual investment by the Borrower in connection with its Investment Policies and GAAP.
Defaulted Investment means any Investment (a) that is 60 days (or such shorter number of days as may be applied for determining when an Investment is to be considered as a defaulted Investment under any Secured Debt Obligation) or more past due with respect to any interest or principal payments or (b) that is or otherwise should be considered a defaulted loan by the Company in connection with its Credit and Collection Policy.
Defaulted Investment means any Investment (a) that is 45 days or more past due with respect to any interest or principal payments or
Examples of Defaulted Investment in a sentence
Any unpaid Loan Transaction Fees on a Defaulted Investment Loan shall only be paid as an expense of the Company from amounts (i) recovered under the relevant Defaulted Investment Loan and (ii) that exceed the amount necessary to fully pay to the Class O Members and Class A Members the Base Interest Return on Invested Funds allocable to the relevant Defaulted Investment Loan.
Any unpaid Loan Transaction Fees on a Defaulted Investment Loan shall only be paid as an expense of the Company from amounts recovered under the relevant Defaulted Investment Loan.
More Definitions of Defaulted Investment
Defaulted Investment means any Investment (a) that is 90 days or more past due with respect to any interest or principal payments or (b) that is or otherwise should be considered a non-accrual investment by the Borrower in connection with its Investment Policies and GAAP.
Defaulted Investment means, an Investment if, as of any time of determination, any payment obligation under the terms of the related Contract (including, without limitation, any Scheduled Payment or any portion thereof) has remained unpaid for more than ninety (90) days after the due date therefor set forth in such Contract.
Defaulted Investment means any Investment other than those set forth on Schedule II hereto (a) that is 10 Business Days or more past due with respect to any interest or principal payments, (b) (i) under which a “default” or “event of default” has occurred and has continued for a period in excess of one hundred ten (110) days or (ii) that has been accelerated or (c) that is or otherwise should be considered a defaulted loan by the Company in connection with its Investment Procedures and Valuation Policy.
Defaulted Investment shall have the definition specified for such term in the Sourcing and Servicing Agreement.