An agreement that governs the ranking, or priority of payment of the junior lender and the senior lender in terms of debt waterfall including principal repayment and interest payme ...

Loans subordinate to senior debt, including stretched senior (40%-60% LTV), junior (60%-70% LTV) and mezzanine financing (70%-85%+ LTV).

This incorporates all transaction related documentation, and is wider than just the Facility Agreement.

The outstanding portfolio balance is the total outstanding loan value of the entity’s portfolio at the end of the reporting period. Unpaid principal balance (UPB) is a metric ...

Outstanding principal balance refers to the aggregate outstanding principal amounts attributable to the loan under the Facility Agreement.

Rights bestowed under a facility agreement to the lender to step-in and take control of borrower's business transactions with an aim to improve business operations for future a ...

A loan in which a number lenders participate, often as a result of an initial lender(s) having sold down some or all of their own participation in the loan.

This includes entities in addition to the Obligors which are required to comply with, or whose actions are intended to be controlled by, the Facility Agreement – e.g. a Share ...

A loan which is no longer performing in line with the contractual obligations of the facility agreement.

Any payment made against an outstanding loan, either in accordance with the terms of the loan documentation or an unscheduled Prepayment.