Performing Cash Pay Secured Bonds

Example Definitions of "Performing Cash Pay Secured Bonds"
Performing Cash Pay Secured Bonds. Secured Bonds (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and "pay-in-kind" interest) for the current monthly, quarterly, semiannual or annual period (as applicable) is payable in cash and (b) which are Performing.
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