Distressed Investor definition
Distressed Investor means a loan to own fund, vulture fund, distressed debt fund or any other entity (including a business group within a bank or financial institution) which is established for or principally invests in distressed debt (or any similar fund or entity).
Distressed Investor means a person that invests in the Financial Indebtedness of entities at a material discount to the par value of such Financial Indebtedness and/or with a view to acquiring the equity interests in or assets of such entities or their Affiliates;
Distressed Investor means any loan-to-own fund, vulture fund, hedge fund or distressed debt fund, any other entity (including a business group within a bank or financial institution) which is established for or principally invests in distressed debt (or any similar fund or entity), or any fund or entity similar to any of the foregoing but excluding any Original Lender (in its capacity as such) provided that a bank or financial institution shall not constitute a “Distressed Investor” solely by virtue of any restructuring or workout desk within such bank or financial institution if an Event of Default has occurred and is continuing.
More Definitions of Distressed Investor
Distressed Investor means any loan-to-own fund, vulture fund or distressed debt fund, any hedge fund, any other fund or entity which is established for or principally invests in distressed debt (provided that (a) a debt trading desk (or equivalent) operated by a bank or financial institution shall be included to the extent that such trading desk is trading the participation in the facility in a capacity (had it been a separate legal entity) that would otherwise fall within the scope of this definition and (b) a bank or financial institution shall not constitute a "distressed investor" solely by virtue of any restructuring or workout desk with such bank or financial institution).
Distressed Investor. Any entity whose (or whose Affiliates’/Related Funds’) principal business or material activity is investing in (i) distressed or below-par debt; (ii) the purchase of loans or other debt securities a primary purpose of which is (directly or indirectly) to own (or control) equity in the relevant debtor (or its Affiliates/Related Funds); (iii) the purchase of loans or other debt securities to create (and to seek to exploit for gain) holdout or blocking positions (or, in each case, any entity acting on behalf of any of the foregoing).
Distressed Investor means any person, team, division, department, branch or entity of a related fund or an Affiliate of a Lender or a Lender which is a loan-to-own fund, hedge fund or vulture fund or that deals, trades or manages non-performing loans, distressed debt or special situations, or any portion or their balance sheet which is managed or supervised by any such business line.