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 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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More Definitions of Deferred Interest Asset

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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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.

  • Capitalized Interest Account The separate Eligible Account designated as such and created and maintained by the Trustee pursuant to Section 3.05(h) hereof. The Capitalized Interest Account shall be treated as an "outside reserve fund" under applicable Treasury regulations and shall not be part of any REMIC. Except as provided in Section 3.05(h) hereof, any investment earnings on the amounts on deposit in the Capitalized Interest Account shall be treated as owned by the Depositor and will be taxable to the Depositor.

  • 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 Payment Date for a Participant means the date after the Restricted Period which is the earlier of (i) the date which the Participant has elected to defer receipt of Shares underlying the Restricted Share Rights in accordance with Section 4.4 of this Plan; and (ii) the Participant's Separation Date.

  • Class B Interest Each of the Class B-1 and Class B-2 Interests.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Accrued Interest Amount For any Distribution Date and for any Undercollateralized Group, an amount equal to one month’s interest on the applicable Principal Deficiency Amount at the Net WAC of the applicable Loan Group, plus any interest accrued on such Undercollateralized Group remaining unpaid from prior Distribution Dates.