Moody’s Weighted Average Rating Factor definition

Moody’s Weighted Average Rating Factor. An amount determined by (i) summing the products obtained by multiplying the Principal Balance of each Loan Obligation (excluding Defaulted Obligations) by its ▇▇▇▇▇’▇ Rating Factor and (ii) dividing such sum by the aggregate outstanding Principal Balance of all such Loan Obligations and rounding the result up to the nearest whole number.
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Moody’s Weighted Average Rating Factor. The number (rounded up to the nearest whole number) determined by the following calculation: The Principal Balance of each Collateral Obligation (excluding any Current Pay Obligation and Defaulted Obligation) X The ▇▇▇▇▇'▇ Rating Factor of such Collateral Obligation (as described above) The Aggregate Principal Balance of all such Collateral Obligations.
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Moody’s Weighted Average Rating Factor. As of any date of determination with respect to all Eligible Loans, the number (rounded up to the nearest whole number) determined by:
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More Definitions of Moody’s Weighted Average Rating Factor

Moody’s Weighted Average Rating Factor and the Weighted Average Rating Factor resulting from the application of the credit ratings assigned and published by S&P being the “S&P Weighted Average Rating Factor”). Should either S&P or Moody’s not publishes a rating for a Reference Obligation, the equivalent of the other rating agency’s rating shall be substituted. If neither S&P nor Moody’s publish a rating for a Reference Obligation, each such unrated Reference Obligation shall be deemed to have a rating of “WR” by Moody’s and a rating of “NR” by S&P.
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Related to Moody’s Weighted Average Rating Factor

  • Weighted Average S&P Recovery Rate As of any date of determination, the number, expressed as a percentage and determined separately for each Class of Secured Notes that is rated by S&P, obtained by summing the products obtained by multiplying the Principal Balance of each Collateral Obligation (other than Defaulted Obligations) by its corresponding recovery rate as determined in accordance with Section 1 of Schedule 4 hereto, dividing such sum by the Aggregate Principal Balance of all Collateral Obligations (other than Defaulted Obligations), and rounding to the nearest tenth of a percent.

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • Weighted Average SOFR means the arithmetic mean of SOFR in effect for each Business Day during the relevant Interest Period, calculated by multiplying the relevant SOFR by the number of calendar days such SOFR is in effect, determining the sum of such products and dividing such sum by the number of calendar days in the relevant Interest Period, provided however that during a Suspension Period, the SOFR for each day during that Suspension Period will be the value for the Business Day immediately prior to the first day of such Suspension Period. For purposes of this provision “Suspension Period” is the number of Business Days prior to the end of the relevant Interest Period as specified in the applicable pricing supplement.

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Portfolio Investment included in the Borrowing Base, on an annualized basis, the Spread of such Floating Rate Portfolio Investments, by the outstanding principal balance of such Floating Rate Portfolio Investments as of such date and dividing such sum by the aggregate outstanding principal balance of all such Floating Rate Portfolio Investments and rounding the result up to the nearest 0.01%.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such day is equal to or greater than 5.25%.