Middle Market Loan. Any Loan other than a Broadly Syndicated Loan.
Middle Market Loan means any Collateral Obligation that is not a Broadly Syndicated Loan.
Middle Market Loan. A Senior Secured Loan that is not an Upper Middle Market Loan.
Examples of Middle Market Loan in a sentence
The increase to the Middle Market Loan program is intended to provide more gap assistance for construction that will continue to benefit LMI renters.
The Borrower hereby appoints T Series Middle Market Loan Fund LLC, pursuant to the terms and conditions of this Agreement, as Servicer, with the authority to service, administer and exercise rights and remedies, on behalf of the Borrower, in respect of the Collateral.
T Series Middle Market Loan Fund LLC hereby accepts such appointment and agrees to perform the duties and responsibilities of the Servicer pursuant to the terms hereof.
The purpose of Action Plan Amendment 19 is to reduce the allocations of multiple programs, using those funds to increase the budget for the Middle Market Loan program and create a new affordable rental housing program.
Xxxxx Title: President CIT ASSET MANAGEMENT CIT Middle Market Loan Trust III, as a Lender By: CIT Asset Management LLC By: /s/ Xxxxx X.
More Definitions of Middle Market Loan
Middle Market Loan. A Loan that (i) is not (and cannot by its terms become) subordinate in right of payment to any obligation of the related Obligor (except with respect to liquidation preferences, if any, for trade claims, working capital facilities, purchase money indebtedness, capitalized leases and other similar obligations in respect of certain specified pledged collateral, if any) in any bankruptcy, reorganization, insolvency, moratorium or liquidation proceedings, (ii) is secured by a pledge of collateral, which security interest is validly perfected and first priority under Applicable Law (subject to Liens permitted by the applicable Underlying Instruments that are reasonable and customary for similar loans, and Liens accorded priority by law in favor of the United States or any State or agency), and (iii) has a value of collateral, as determined in good faith by the Collateral Manager, securing such Loan which, together with other attributes of the related Obligor (including its enterprise value), equals or exceeds the outstanding principal balance of the loan plus the aggregate outstanding principal balances of all other loans of equal or higher seniority secured by the same collateral.
Middle Market Loan means any Collateral Asset that meets the following criteria on any date of determination: (i) does not otherwise meet the definition of “Broadly Syndicated Loan”, (ii) is a First Lien Loan, First Lien Last Out Loan or a Second Lien Loan and (iii) is not a loan which is secured solely or primarily by the common stock of its Obligor or any of its Affiliates; provided that the limitation set forth in this clause (iii) shall not apply with respect to a Collateral Asset made to a parent entity that is secured solely or primarily by the stock of one or more of the subsidiaries of such parent entity to the extent that the granting by any such subsidiary of a Lien on its own property would (1) violate Law applicable to such subsidiary (whether the obligation secured is such Collateral Asset or any other similar type of indebtedness owing to third parties), (2) cause such subsidiary to suffer adverse economic consequences under capital adequacy, liquidity coverage or other similar rules or (3) result in material adverse tax consequences to such subsidiary or such parent in the form of a deemed dividend by such subsidiary to such parent entity for such tax purposes, in each case, so long as (x) such subsidiary does not have any indebtedness (other than current accounts payable in the ordinary course of business, capitalized leases or other similar indebtedness payable in the ordinary course of business) or the Related Documents limit the incurrence of indebtedness by such subsidiary and (y) the aggregate amount of all such indebtedness is not material relative to the aggregate value of the assets of such subsidiary.
Middle Market Loan means any Large Middle Market Loan or any Traditional Middle Market Loan.
Middle Market Loan. Any Loan that (i) does not otherwise meet the definition of "Broadly Syndicated Loan," (ii) is not (and cannot by its terms become) subordinate in right of payment to any obligation of the Obligor, in any bankruptcy, reorganization, insolvency, moratorium or liquidation proceedings, (iii) is secured by a pledge of collateral, which security interest is validly perfected and first priority under Applicable Law (subject to liens permitted under the applicable credit agreement that are reasonable and customary for similar loans, and liens accorded priority by law in favor of the United States or any state or agency) and (iv) the Collateral Manager determines in good faith that the value of the collateral securing the loan or the enterprise value of the related Obligor on or about the time of origination equals or exceeds the outstanding principal balance of the loan plus the aggregate outstanding balances of all other loans of equal seniority secured by the same collateral.
Middle Market Loan. A Loan underwritten based upon the Obligor’s cash flows or EBITDA.
Middle Market Loan means any Loan other than a Broadly Syndicated Loan.
Middle Market Loan. A First Lien Loan that does not meet the criteria set forth in clauses (i)-(iii) of the definition of “Broadly Syndicated Loan”.