Restructuring Loan means a Loan under the Restructuring Loan Facility and after the Restructuring Loan Facility Conversion Date shall include the Restructuring A Loans, Restructuring B Loans and Restructuring C Loans as the context requires.
Restructuring Loan is defined in Section 7.3(c).
Restructuring Loan means the loan from Concoat Limited to Concoat Systems Limited in the amount of £209,962.85;
Examples of Restructuring Loan in a sentence
Notwithstanding anything in this Indenture to the contrary, the purchase of a Restructuring Loan or a Permitted Equity Security is not required to satisfy the Investment Criteria.
More Definitions of Restructuring Loan
Restructuring Loan. Any Loan acquired by the Issuer resulting from, or received or issued in connection with, an insolvency, bankruptcy, reorganization, default, workout or restructuring or similar event of a Collateral Obligation that, in each case, (x) meets the requirements of the definition of “Collateral Obligation” (other than clauses (ii), (viii), (xv) and, in the case of Uptier Priming Debt that constitutes Restructuring Loans, (xvi) thereof) as determined by the Collateral Manager, (y) is no more junior in right of payment than the related Collateral Obligation that was subject to insolvency, bankruptcy, reorganization, default, workout or restructuring or similar event and (z) at the time of such acquisition (or commitment to acquire), the Collateral Manager reasonably believes (not to be called into question as a result of subsequent events) that making such investment will (i) prevent bankruptcy or insolvency of the related obligor, (ii) minimize material losses in connection with the related Collateral Obligation or (iii) otherwise improve recovery prospects with respect to the related obligor or Collateral Obligation. Except to the extent provided above, the acquisition of Restructuring Loans (other than Uptier Priming Debt) will not be required to satisfy the Investment Criteria. Notwithstanding anything else to the contrary in this Indenture, a Restructuring Loan will be treated as a Defaulted Obligation for all purposes under this Indenture; provided that on any Business Day as of which such Restructuring Loan satisfies the definition of “Collateral Obligation” (as tested on such date and without giving effect to any carve-outs set forth in this definition or the definition of “Collateral Obligation”), the Collateral Manager may designate (by written notice to the Issuer and the Collateral Administrator) such Restructuring Loan as a “Collateral Obligation,” and thereafter, such Restructuring Loan shall be treated as a Collateral Obligation for all purposes under this Indenture.