Mezzanine Obligation definition

Mezzanine Obligation means a Portfolio Investment which is unsecured, subordinated debt of a company that represents a claim on such company's assets which is senior only to that of the equity securities of such company.

Mezzanine Obligation means a Portfolio Investment which is unsecured, subordinated debt of the obligor.

Mezzanine Obligation means a Portfolio Investment which is not a Senior Secured Loan or a Second Lien Loan.

Examples of Mezzanine Obligation in a sentence

• The Issuer will invest in a Portfolio of Collateral Debt Obligations consisting, at the Closing Date, of Senior Loans, Mezzanine Obligations, High Yield Bonds, PIK Securities, Structured Finance Securities and Synthetic Securities under which the Reference Obligation is a Senior Loan, Mezzanine Obligation, PIK Security, Structured Finance Security or High Yield Bond.

• The classification and traceability of expenditures are paramount in the application of the cost sharing formula.

• Each Portfolio Investment is a Loan or a debt security and is not a Synthetic Security, a Zero-Coupon Security, a Structured Finance Obligation, a Participation Interest (other than Initial Portfolio Investments), a Mezzanine Obligation (or, for the avoidance of doubt, any other unsecured obligation of an obligor) or a Letter of Credit.

• As referred to above, although any particular Senior Obligation, Unsecured Senior Obligations, Second Lien Loan, Mezzanine Obligation and High Yield Bond often will share many similar features with other loans, securities and obligations of its type, the actual terms of any particular Senior Obligation, Unsecured Senior Obligation, Second Lien Loan, Mezzanine Obligation and High Yield Bond will have been a matter of negotiation and will thus be unique.

• The Issuer will invest in a Portfolio of Collateral Debt Obligations consisting, at the Issue Date, of Senior Loans, Second Lien Loans, Mezzanine Obligations, High Yield Bonds, CLO Securities and Synthetic Securities (under which the Reference Obligation is a Senior Loan, Second Lien Loan, Mezzanine Obligation or High Yield Bond).

More Definitions of Mezzanine Obligation

Mezzanine Obligation means (a) a mezzanine loan obligation or second lien obligation or other comparable debt obligation (including any such loan or debt obligation with attached warrants and including any such obligation which is evidenced by an issue of notes (other than notes which are High Yield Bonds)), as determined by the Investment Manager, or a Participation therein; or (b) a Synthetic Security, the Reference Obligation applicable to which is an obligation of the type described in (a) of this paragraph.

Mezzanine Obligation means an obligation which is unsecured, subordinated debt of the obligor.

Mezzanine Obligation means a subordinate Loan or Debt Security that is senior to all equity classes. For clarity, Mezzanine Obligations shall not include any preferred stock or any equity security that is mandatorily redeemable as defined by GAAP.

Mezzanine Obligation means (a) a secured mezzanine obligation (including any such loan which has attached warrants or is evidenced by an issue of notes) as determined by the Collateral Manager in its reasonable business judgement, a Participation therein or an interest in any such obligation including a Synthetic Security the Reference Obligation under which is an obligation of the type described above, or (b) a loan with a second priority security interest as determined by the Collateral Manager in its reasonable business judgement;

Mezzanine Obligation means a mezzanine loan obligation or other comparable debt obligation, including any such loan obligation with attached warrants and any such obligation which is evidenced by an issue of notes, as determined by the Collateral Manager in its reasonable business judgment, or a Participation therein.

Mezzanine Obligation means a Collateral Debt Obligation that is:

Mezzanine Obligation means a mezzanine loan obligation or other comparable debt obligation, including: (a) Second Lien Obligations; (b) any such loan obligation with attached warrants or other options to acquire a share or other equity interest; (c) cash pay or non-cash pay obligations; and (d) any such obligation which is evidenced by an issue of notes or similar instruments as determined by the Investment Managers in their reasonable business judgement, or a Participation therein.