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.
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
Deferred Interest Asset means a PIK Security that has deferred payments of interest or other amounts in cash and has not reduced such deferred interest (or other amount) balance to zero and that (a) in the case of a PIK Security the issuer of which has a Moody's Rating of "Baa3" or above that pays interest no more frequently than quarterly, has either (i) deferred any interest for a period of 12 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 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.
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 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
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
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.