Deferred Interest Asset definition

Deferred Interest Asset means a PIK Security or a Partial PIK Security that has deferred payments of interest or other amounts in Cash and not reduced such deferred interest (or other amount) balance to zero and that (a) in the case of a PIK Security or a Partial PIK Security that has a Moody's Rating of "Baa3" or above, has either (i) deferred any interest for a period of 12 consecutive months or more or (ii) deferred payments of interest in an amount equal to (or greater than) two periodic interest payments or (b) in the case of a PIK Security or a Partial PIK Security that has a Moody's Rating of "Ba1" or below, has either (i) deferred any interest for a period of six consecutive months or more or (ii) deferred payments of interest in an amount equal to (or greater than) one periodic interest payment.
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Deferred Interest Asset means a PIK Security or a Partial PIK Security that has deferred payments of interest or other amounts in Cash and not reduced such deferred interest (or other amount) balance to zero and that (a) in the case of a PIK Security or a Partial PIK Security that has a Moody's Rating of "Baa3" or above or an S&P Rating of "BBB-" or above, has either
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Deferred Interest Asset. A PIK Loan that has deferred payments of interest or other amounts in Cash and not reduced such deferred interest (or other amount) balance to zero and that (a) in the case of a PIK Loan that has a Standard & Poor’s Rating of “BBB-” or above, has either (i) deferred any interest for a period of 12 consecutive months or more or (ii) deferred payments of interest in an amount equal to (or greater than) two periodic interest payments or (b) in the case of a PIK Loan that has a Standard & Poor’s Rating of “BB+” or below, has either (i) deferred any interest for a period of six consecutive months or more or (ii) deferred payments of interest in an amount equal to (or greater than) one periodic interest payment.
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More Definitions of Deferred Interest Asset

Deferred Interest Asset means a PIK Security that has deferred payments of interest or other amounts in cash and that has not reduced such deferred interest (or other amount) balance to zero and that (a) in the case of an asset that has a Moody’s Rating of “Ba1” or below that pays interest no more frequently than quarterly, has either (i) deferred any interest for a period of six months or more or (ii) deferred payments of interest in an amount equal to (or greater than) one periodic interest payment, and (b) in the case of an asset that has a Moody’s Rating of “Baa3” or higher, has either (i) deferred any interest for a period of 12 months or more or (ii) deferred payments of interest for two periodic interest payments.
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Deferred Interest Asset means an asset that has deferred payments of interest or other amounts in cash and that has not reduced such deferred interest (or other amount) balance to zero and that
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Deferred Interest Asset means a PIK Security that has deferred payments of interest or other amounts in cash and not reduced such deferred interest (or other amount) balance to zero and that (a) in the case of a PIK Security that has a Moody’s Rating of “Baa3” or above that pays interest no more frequently than quarterly, has
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Related to Deferred Interest Asset

  • Deferred Interest shall have the meaning set forth in Section 4.1.

  • Interest Amount means, in relation to a Note and an Interest Period, the amount of interest payable in respect of that Note for that Interest Period;

  • Collateral Interest Amount As of any date of determination, without duplication, the aggregate amount of Interest Proceeds that has been received or that is expected to be received (other than Interest Proceeds expected to be received from Defaulted Obligations, but including Interest Proceeds actually received from Defaulted Obligations), in each case during the Collection Period in which such date of determination occurs (or after such Collection Period but on or prior to the related Payment Date if such Interest Proceeds would be treated as Interest Proceeds with respect to such Collection Period).

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • Aggregate Class B Interest Distributable Amount With respect to any Distribution Date, the sum of (i) the Note Class Interest Distributable Amount for the Class B Notes as of such Distribution Date and (ii) the Class B Interest Carryover Shortfall as of the close of the preceding Distribution Date.