Direct Lending definition

Direct Lending means any investor’s participation in Northern Trust’s securities lending program pursuant to an agreement to lend that investor’s own securities, under which that investor’s collateral from securities lending was invested in any Northern Trust collateral reinvestment vehicle. Investment in a Commingled Lending Fund is not and does not constitute “Direct Lending.”
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Direct Lending means a loan to be extended by BRD to Beneficiaries under Part 1.3(i) of the Project.
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Direct Lending. Team The business unit of the Adviser working as the Direct Lending Team as discussed in the PPM. Director As set forth in 3.4.1. Earnings Balancing Contribution As set forth in 3.3.1. ERISA The United States Employee Retirement Income Security Act of 1974 and (unless the context otherwise requires) the rules and regulations promulgated thereunder, as amended from time to time, or any successor statute thereto.
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Examples of Direct Lending in a sentence

  • Includes Blackstone Credit funds that are primarily invested in privately originated investments, including Blackstone Capital Opportunities Funds, Blackstone Capital Solutions Funds, Blackstone European and U.S. Direct Lending Funds, Blackstone Energy Select Opportunities Fund, and Blackstone Credit Alpha Funds.

  • Corresponding to this U.S. Direct Lending track record, Blackstone Credit has an annualized default rate of 0.39% and an annualized loss rate of 0.14% compared to the Credit Suisse Leveraged Loan Index’s default and loss rate of 1.62% and 0.70%, respectively, over the same time period.

  • Blackstone Credit’s 148-person private origination investment team (excluding Xxxxxx Xxxxx, global head of Blackstone Credit), together with a 33-person U.S. Direct Lending Portfolio Management team,3 are involved with investment activities and portfolio management activities for BXSL, respectively.

  • Specifically within the U.S. Direct Lending Strategy, Blackstone Credit has invested approximately $68 billion in privately originated or privately negotiated first lien / unitranche transactions.

  • Blackstone Credit’s 148-person private origination investment team (excluding Xxxxxx Xxxxx, global head of Blackstone Credit), together with a 33-person U.S. Direct Lending Investment and Portfolio Management team,6 are involved with investment activities and portfolio management activities for BCRED, respectively.


More Definitions of Direct Lending

Direct Lending means loans disbursed by the SPO itself and not through any other body / entity / institution.
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Direct Lending means the Fund lending to micro and small enterprises without the use of financial intermediaries;
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Related to Direct Lending

  • Money Market Lending Office means, as to each Bank, its Domestic Lending Office or such other office, branch or affiliate of such Bank as it may hereafter designate as its Money Market Lending Office by notice to the Borrower and the Administrative Agent; provided that any Bank may from time to time by notice to the Borrower and the Administrative Agent designate separate Money Market Lending Offices for its Money Market LIBOR Loans, on the one hand, and its Money Market Absolute Rate Loans, on the other hand, in which case all references herein to the Money Market Lending Office of such Bank shall be deemed to refer to either or both of such offices, as the context may require.

  • Domestic Lending Office means, with respect to any Lender, the office of such Lender specified as its "Domestic Lending Office" opposite its name on Schedule I hereto or in the Assumption Agreement or the Assignment and Acceptance pursuant to which it became a Lender, or such other office of such Lender as such Lender may from time to time specify to the Borrower and the Agent.

  • Lending institution Any insurance company, federally insured commercial or savings bank, national banking association, savings and loan association, credit union, employees’ welfare, pension or retirement fund or system, corporate profit sharing or pension trust, college or university, endowment fund, real estate investment trust, or other institutional lender or financial enterprise, including, without limitation, any corporation qualified to be treated for federal tax purposes as a real estate investment trust, having a net worth of at least $50,000,000 acting on its own behalf or as agent on behalf of other Lending Institutions.

  • Direct Loan Participation means a Loan in respect of which, pursuant to a participation agreement, the Issuer is capable of creating, or procuring the creation of, a contractual right in favour of a notional protection seller that provides such notional seller with recourse to the participation seller for a specified share in any payments due under the relevant Loan which are received by such participation seller, any such agreement to be entered into between (i) such notional seller and (ii) either (A) the Issuer (to the extent the Issuer was then a lender or a member of the relevant lending syndicate), or (B) a Qualifying Participation Seller (if any) (to the extent such Qualifying Participation Seller is then a lender or a member of the relevant lending syndicate);

  • Lending Installation means, with respect to a Lender or the Agent, the office, branch, subsidiary or affiliate of such Lender or the Agent listed on the signature pages hereof or on the administrative information sheets provided to the Agent in connection herewith or on a Schedule or otherwise selected by such Lender or the Agent pursuant to Section 2.20.

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Facility Operator means a person that controls the operation of a facility.

  • Direct Loan means any loan made by Canada under section 6.1 of the CSFAA on or after August 1, 2000.

  • Designating Lender means, with respect to each Designated Lender, the Lender that designated such Designated Lender pursuant to Section 12.1.2.

  • Lending Office means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent.

  • Demand side management means the management of customer