Mezzanine Obligations definition

Mezzanine Obligations means unsecured obligations that are contractually subordinated in right of payment to other debt of the same issuer.

Mezzanine Obligations means unsecured obligations that are contractually subordinated in right of payment to other debt of the same

Mezzanine Obligations has the meaning of “Obligations” in the Mezzanine Loan Agreement.

Examples of Mezzanine Obligations in a sentence

• The different insolvency regimes applicable in the different European jurisdictions result in a corresponding variability of recovery rates for Senior Obligations, Mezzanine Obligations and High Yield Bonds entered into by Obligors in such jurisdictions.

• The Issuer will invest in a Portfolio of Collateral Obligations consisting primarily of Senior Obligations, Mezzanine Obligations and High Yield Bonds.

• Furthermore, the holders of Senior Obligations, Second Lien Loans and Mezzanine Obligations are more diverse than ever before, including not only banks and specialist finance providers but also alternative collateral managers, specialist debt and distressed debt investors and other financial institutions.

• There is limited historical data available as to the levels of defaults and/or recoveries that may be experienced on Senior Obligations, Second Lien Loans and Mezzanine Obligations and no assurance can be given as to the levels of default and/or recoveries that may apply to any Senior Obligations, Second Lien Loans and Mezzanine Obligations purchased by the Issuer.

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

More Definitions of Mezzanine Obligations

Mezzanine Obligations has the meaning specified in Section 6.16(b).

Mezzanine Obligations means subordinate loans or Debt Securities (including convertible Debt Securities) that are 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 Obligations all obligations of the Borrower now or hereafter existing with respect to the Mezzanine Loan, whether for principal, interest, fees, expenses or otherwise, and all obligations of the Borrower now or hereafter existing under this Agreement, the Mezzanine Note and all other Mezzanine Loan Documents.

Mezzanine Obligations as defined in Section 5.2(a)

Mezzanine Obligations has the meaning ascribed thereto in the Subordination and Security Agreement.

Mezzanine Obligations means the Mezzanine Bonds and the Mezzanine Auxiliary Obligations, and with respect to a Series of Bonds, the Related Mezzanine Bonds and any Related Mezzanine Auxiliary Obligations.

Mezzanine Obligations means unsecured obligations that are contractually subordinated in right of payment to other debt of the same issuer. “Minimum Coupon” means 6.50%.