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 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 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.
Sample 1
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
Sample 1
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
Sample 1

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;

  • Deferred Amount With respect to any Distribution Date and each Class of the Subordinate Certificates, the amount by which (x) the aggregate of Applied Loss Amounts previously applied in reduction of the Class Principal Amount thereof exceeds (y) the sum of (1) the aggregate of amounts previously reimbursed in respect thereof and (2) the amount by which the Class Principal Amount of such Class has been increased due to any Subsequent Recovery.