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.
All Definitions
Found in
New Mountain Finance Corp contract