Rating Agency Discount Factor definition

Rating Agency Discount Factor means the Fitch Discount Factor (if Fitch is then rating Preferred Shares) or an Other Rating Agency Discount Factor, whichever is applicable.
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Rating Agency Discount Factor means the discount factors, if any, set forth in the Rating Agency Guidelines of each Rating Agency for use in calculating the Agency Discounted Value of the Company’s assets in connection with the Rating Agency’s rating of Senior Securities.
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Rating Agency Discount Factor means the Fitch Discount Factor (if Fitch is then rating Senior Securities) or an Other Rating Agency Rating Agency Discount Factor (if any Other Rating Agency is then rating Senior Securities), whichever is applicable.
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Examples of Rating Agency Discount Factor in a sentence

  • Agency Discounted Value” means the quotient of the Market Value of an Eligible Asset divided by the applicable Rating Agency Discount Factor, provided that with respect to an Eligible Asset that is currently callable, Agency Discounted Value will be equal to the quotient as calculated above or the call price, whichever is lower, and that with respect to an Eligible Asset that is prepayable, Agency Discounted Value will be equal to the quotient as calculated above or the par value, whichever is lower.

  • For purposes of determining in the preceding sentence whether the Agency Discounted Value of the Eligible Assets at least equals the Preferred Shares Basic Maintenance Amount, the Rating Agency Discount Factors applicable to the Eligible Assets shall be determined by reference, if applicable, to the first Exposure Period longer than the Exposure Period then applicable to the Fund, as described in the definition of Rating Agency Discount Factor.

  • Rating Agency Discount Factor means the Moodys Discount Factor (if Moodys is then rating the Senior Securities), the Fitch Discount Factor (if Fitch is then rating Senior Securities) or the S&P Discount Factor (if S&P is then rating the Senior Securities), whichever is applicable.

  • Agency Discounted Value means the quotient of the Market Value of an Eligible Asset divided by the applicable Rating Agency Discount Factor, provided that with respect to an Eligible Asset that is currently callable, Agency Discounted Value will be equal to the quotient as calculated above or the call price, whichever is lower, and that with respect to an Eligible Asset that is prepayable, Agency Discounted Value will be equal to the quotient as calculated above or the par value, whichever is lower.

  • For purposes of determining in the preceding sentence whether the Agency Discounted Value of the Eligible Assets at least equals the Preferred Shares Basic Maintenance Test Amount, the Rating Agency Discount Factors applicable to the Eligible Assets shall be determined by reference, if applicable, to the first Exposure Period longer than the Exposure Period then applicable to the Trust, as described in the definition of Rating Agency Discount Factor.

  • For purposes of determining in the preceding sentence whether the Agency Discounted Value of the Eligible Assets at least equals the Preferred Shares Basic Maintenance Test Amount, the Rating Agency Discount Factors applicable to the Eligible Assets shall be determined by reference, if applicable, to the first Exposure Period longer than the Exposure Period then applicable to the Fund, as described in the definition of Rating Agency Discount Factor.


More Definitions of Rating Agency Discount Factor

Rating Agency Discount Factor means the Moody’s Discount Factor (if Moody’s is then rating the Senior Securities), the Fitch Discount Factor (if Fitch is then rating Senior Securities), the S&P Discount Factor (if S&P is then rating the Senior Securities) or the Approved NRSRO Discount Factor (if an Approved NRSRO is then rating the Senior Securities), whichever is applicable.
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Rating Agency Discount Factor means the Moody’s Discount Factor as long as Moody’s is then rating the Series A Preferred Shares at the Trust’s request or the discount factor of any Other Rating Agency then rating the Series A Preferred Shares at the Trust’s request.
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Rating Agency Discount Factor means the Moody’s Discount Factor as long as such Rating Agency is then rating the Series K Preferred Stock at the Corporation’s request or the discount factor of any Other Rating Agency then rating the Series K Preferred Stock at the Corporation’s request.
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Rating Agency Discount Factor means the Moody’s Discount Factor (if Moody’s is then rating the Preferred Stock), Fitch Discount Factor (if Fitch is then rating Preferred Stock) or an Other Rating Agency Rating Agency Discount Factor, whichever is applicable.
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Rating Agency Discount Factor means the Moody’s Discount Factor (if Moody’s is then rating the Preferred Stock), Fitch Discount Factor (if Fitch is then rating Preferred Stock) or an Other Rating Agency Rating Agency Discount Factor, whichever is applicable.
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Related to Rating Agency Discount Factor

  • Pricing Level V any time when (i) the senior unsecured long term debt rating of the Borrower by (x) S&P is BBB‑ or higher or (y) Xxxxx’x is Baa3 or higher and (ii) none of Pricing Level I, Pricing Level II, Pricing Level III or Pricing Level IV applies.

  • Rating Agencies means DBRS, Fitch, KBRA, Xxxxx’x, Morningstar and S&P and their respective successors in interest or, if any of such entities shall for any reason no longer perform the functions of a securities rating agency, any other nationally recognized statistical rating agency reasonably designated by any Note Holder to rate the securities issued in connection with the Securitization of the related Note; provided, however, that, at any time during which the Mortgage Loan is an asset of one or more Securitizations, “Rating Agencies” or “Rating Agency” shall mean only those rating agencies that are engaged from time to time to rate the securities issued in connection with the Securitizations of the Notes.