Distressed Fund definition

Distressed Fund means a fund, a material part of whose investment strategy includes purchasing debt for the primary purpose of actively managing that debt holding to obtain ownership of equity in the relevant borrower(s) and/or to exploit holdout or blocking positions, provided that any Affiliate or Related Fund that is managed or controlled independently and/or is subject to an information barrier from such fund shall not be a Distressed Fund.
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Distressed Fund means an investment fund that invests primarily (whether through equity or debt investments) in financially-distressed companies and companies in bankruptcy.
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Distressed Fund means a fund or other entity whose principal investment strategy or material activity is:
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Examples of Distressed Fund in a sentence

  • No. 32524 (March 7, 2017); Ramius Archview Credit and Distressed Fund, et al., Investment Co. Rel.

  • Further, as noted in note 13, the underlying fund is in liquidation ("Distressed Fund").

  • These funds are for a Eugene Fire Training Capital position working in Springfield.b) One-Time Funding Request : Increase Interfund Transfer revenue by $700,000 increase Balance Available by the same amount for Distressed Fund Support.

  • This additional appropriation will be used to provide a more rapid and coordinated response to homeless car camping, camping in Cityparks and on City right-of-way.Main Subfund (011) (continued from previous page): g) One-Time Funding Request : Increase Interfund Transfers by $1,600,000, increase Intrafund Transfers by $1,100,000 and decrease Reserves by the same amount for Distressed Fund Stabilization.

  • One of the other limited partners in GSS was Tuckerbrook/SB Global Distressed Fund I, L.P. (“GDF”), a fund in which Tuckerbrook and Banerjee were also managing members.

  • By GoldenTree NJ Distressed Fund 2015 LP Legal Name of Entity By: GoldenTree Asset Management, LP By: /s/ Xxxxx Xxxxx Name: Xxxxx Xxxxx Title: Director Address: 000 Xxxxxxxxx Xxx 00xx Xxxxx Xxx Xxxx, XX 00000 State/Country of Domicile or Formation: United States Purchase Price at US$4.50 per share: The offer to purchase Securities as set forth above is confirmed and accepted by the Company as to 360,132 shares of Common Stock.

  • Xxxxxxxx Title:Executive Vice President, General Counsel and Corporate Secretary By: Franklin Advisers, Inc., as Investment Manager By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Senior Vice President Franklin High Income Trust-Franklin High Income Fund $11,500,000 $11,500,000 FT Opportunistic Distressed Fund, Ltd.

  • A key element of this package of services is that of the Distressed Fund.

  • GN3 SIP Limited GN3 SIP L.P. Golden Tree Insurance Fund Series Interests of the XXX! Multi-Series Fund, L.P. Golden Tree NJ Distressed Fund 2015 LP GT NM, L.P. Louisiana State Employees Retirement System Gold Coast Capital Subsidiary X Limited Golden Tree High Yield Value Master Unit Trust MA Multi-Sector Opportunistic Fund, LP Golden Tree Multi-Sector Master Fund I CAV- Golden Tree Multi-Sector Master Fund Portfolio A Century Link, Inc.

  • The Company also said that it had entered into an agreement with the Harbert Distressed Fund to exclusively negotiate with the Harbert Distressed Fund through June 10, 2005 on the terms and conditions pursuant to which the Harbert Distressed Fund would become a plan investor in the Company's plan of reorganization.

Related to Distressed Fund

  • Distressed Person has the meaning set forth in the definition of “Lender-Related Distress Event.”

  • Distressed means satisfying the criteria applicable to a locality described in subdivision E 2 of

  • Pooled Fund means any pooled fund established and maintained by the Partners as a pooled fund in accordance with the Regulations Pooled Fund Manager means such officer of the Host Partner which includes a Section 113 Officer for the relevant Pooled Fund established under an Individual Scheme as is nominated by the Host Partner from time to time to manage the Pooled Fund in accordance with Clause 8.2. Provider means a provider of any Services commissioned under the arrangements set out in this Agreement.

  • Related Fund means, with respect to any holder of any Note, any fund or entity that (i) invests in Securities or bank loans, and (ii) is advised or managed by such holder, the same investment advisor as such holder or by an affiliate of such holder or such investment advisor.

  • Distressed Mortgage Loan Any Mortgage Loan that at the date of determination is Delinquent in payment for a period of 90 days or more without giving effect to any grace period permitted by the related Mortgage Note or for which the applicable Servicer or the Trustee has accepted a deed in lieu of foreclosure.

  • Distress Event means any of:

  • Double distressed means satisfying the criteria applicable to a locality described in subdivision E 3

  • Managed Fund means those Funds, individually and collectively, for which the Portfolio Manager makes buy and sell decisions.

  • Distressed area means a local governmental unit that meets all of the following:

  • Approved Fund means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender.

  • Restricted Fund means a fund in which the use of the principal or principal and income is restricted by agreement with, or direction by, the donor to a specific purpose. Restricted fund does not include a fund over which the owner has complete control. The owner is deemed to have complete control over a fund that is to be used for general operating or building purposes.

  • Regulated Funds means the Existing Regulated Fund, the Future Regulated Funds and the BDC Downstream Funds.

  • Distressed municipality means a municipality that is qualified

  • Severely Distressed Receivable means, as of any date of determination, a Receivable (other than a Repurchased Receivable) (i) that is 60 or more days delinquent or, if less than 60 days delinquent, the related Obligor has experienced a hardship and, in the judgment of the Servicer in accordance with its Customary Servicing Practices, it is reasonably foreseeable that the Obligor will be unable to pay the Principal Balance of, and accrued and unpaid interest and fees on, such Receivable in accordance with its terms, (ii) that is a Defaulted Receivable, (iii) for which the Obligor is the subject of a bankruptcy or other insolvency proceeding, (iv) for which the related Financed Vehicle has been repossessed (or for which the Servicer has initiated repossession proceedings), (v) for which the related Financed Vehicle has been subject to theft or suffered destruction or damage that would be determined to be beyond repair in accordance with Customary Servicing Practices or (vi) for which the maturity date is in less than six months and, in the judgment of the Servicer in accordance with its Customary Servicing Practices, it is reasonably foreseeable that the Obligor will be unable to pay the Principal Balance of, and accrued and unpaid interest and fees on, such Receivable by the maturity date.

  • Lender-Related Distress Event means, with respect to any Lender, that such Lender or any Person that directly or indirectly controls such Lender (each, a “Distressed Person”), as the case may be, is or becomes subject to a voluntary or involuntary case with respect to such Distressed Person under any debt relief law, or a custodian, conservator, receiver or similar official is appointed for such Distressed Person or any substantial part of such Distressed Person’s assets, or such Distressed Person or any person that directly or indirectly controls such Distressed Person is subject to a forced liquidation or winding up, or such Distressed Person makes a general assignment for the benefit of creditors or is otherwise adjudicated as, or determined by any governmental authority having regulatory authority over such Distressed Person or its assets to be, insolvent or bankrupt; provided that a Lender-Related Distress Event shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any Stock in any Lender or any Person that directly or indirectly controls such Lender by a governmental authority or an instrumentality thereof; provided, further, that such ownership interest does not result in or provide such person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such person (or such governmental authority or instrumentality) to reject, repudiate, disavow or disaffirm any contract or agreements made by such person or its parent entity.

  • Affiliated Fund means with respect to any Investors, each corporation, trust, limited liability company, general or limited partnership or other entity under common control with that Investor (including any such entity with the same general partner or principal investment advisor as that Investor or with a general partner or principal investment advisor that is an Affiliate of the general partner or principal investment advisor of that Investor).

  • Approved Funding has the meaning ascribed to it in Schedule B.

  • Stayed Funds If the Master Servicer is the subject of a proceeding under the federal Bankruptcy Code and the making of a Remittance (as defined in Section 7.02(b)) is prohibited by Section 362 of the federal Bankruptcy Code, funds that are in the custody of the Master Servicer, a trustee in bankruptcy or a federal bankruptcy court and should have been the subject of such Remittance absent such prohibition.

  • Distressed merchandise means an alcoholic product in the possession of the

  • Future Regulated Fund means a closed-end management investment company (a) that is registered under the Act or has elected to be regulated as a BDC, (b) whose investment adviser (and sub-adviser(s), if any) are an Adviser, and (c) that intends to participate in the Co-Investment Program.

  • Related Funds means with respect to any Lender that is an Approved Fund, any other Approved Fund that is managed by the same investment advisor as such Lender or by an Affiliate of such investment advisor.

  • Permitted Fund Manager means any Person that on the date of determination is (i) one of the entities on Exhibit C attached hereto and made a part hereof or any other nationally-recognized manager of investment funds investing in debt or equity interests relating to commercial real estate, (ii) investing through a fund with committed capital of at least $250,000,000 and (iii) not subject to a proceeding relating to the bankruptcy, insolvency, reorganization or relief of debtors.

  • Institutional fund means a fund held by an institution exclusively for charitable purposes. The term does not include:

  • excepted fund means any: (1) money market fund; (2) fund that issues securities that are listed on a national exchange; and (3) fund that affirmatively permits short-term trading of its securities, if its prospectus clearly and prominently discloses that the fund permits short-term trading of its securities and that such trading may result in additional costs for the fund.

  • Money market mutual fund means an open-end managed investment fund:

  • Consolidated Fund means the Consolidated Fund established by this Constitution;