Credit Estimate definition
Credit Estimate means, with respect to any Collateral Loan, a credit estimate obtained from S&P in accordance with the Required S&P Credit Estimate Information.
Credit Estimate means, with respect to any Collateral Obligation, a numerical value representing a credit estimate obtained from DBRS.
Credit Estimate means, with respect to any Collateral Loan, a credit estimate obtained from S&P in accordance with the S&P’s “Credit Estimate Information Requirements” dated April 2011 and any other available information S&P reasonably requests in order to produce a credit estimate for a particular asset.
Examples of Credit Estimate in a sentence
Promptly following the receipt of a Credit Estimate from S&P, the applicable Loan Party shall notify the Collateral Agent and provide the Collateral Agent with the details of such Credit Estimate.
More Definitions of Credit Estimate
Credit Estimate means a rating assigned by S&P, at the request of the Protection Buyer, to any Reference Obligation.
Credit Estimate means, with respect to any Collateral Loan, a credit estimate obtained from S&P in accordance with the S&P’s “Anatomy of a Credit Estimate Information Requirements” dated April 2011: What It Means and How We Do It” dated January 14, 2021 and any other available information S&P reasonably requests in order to produce a credit estimate for a particular asset.
Credit Estimate means, with respect to any Collateral Loan, a credit estimate obtained from S&P in accordance with the definition of S&P Rating. "Credit Facility" means, with respect to any Loan by any CP Lender, a credit asset purchase agreement or other similar facility that provides credit support for defaults in respect of the failure to make such Loan, and any guaranty of any such agreement or facility. "Credit Funding" means, with respect to any Loan by any CP Lender, at any time, funding by a CP Lender of all or a portion of the outstanding principal amount of such Loan with funds provided under a Credit Facility. "Credit Funding Period" means, with respect to any Loan by any CP Lender, a period of time during which all or a portion of the outstanding principal amount of such Loan is funded by a Credit Funding. "Credit Funding Rate" means, with respect to any Credit Funding for any period, the per annum rate of interest equal to the rate of interest provided for in the relevant Credit Facility at such time. "Credit Improved Loan" means any Collateral Loan that, in the Servicer's reasonable business judgment applying the Servicing Standard (which judgment will not be called into question as a result of subsequent events) has significantly improved in credit quality from the condition of its credit at the time of origination, acquisition or contribution, which judgment may (but need not) be based on one or more of the following facts and will not be called into question as a result of subsequent events: (a) the Obligor in respect of such Collateral Loan has shown improved financial results since the published financial reports first produced after it was originated or acquired by the Borrowers; (b) the Obligor in respect of such Collateral Loan since the date on which such Collateral Loan was originated or acquired by any Borrower has raised significant equity capital or has raised other capital that has improved the liquidity or credit standing of such Obligor; or (c) with respect to which one or more of the following criteria applies in respect of such Collateral Loan: (i) such Collateral Loan has been upgraded or put on a watch list for possible upgrade by S&P since the date on which such Collateral Loan was originated or acquired by any Borrower; (ii) the proceeds from a sale of such Collateral Loan would be at least 101% of its purchase price; (iii) the price of such Collateral Loan has changed during the period from the date on which it was originated or acquir...
Credit Estimate means, with respect to any Collateral Loan, a credit estimate rating obtained from Moody’s.
Credit Estimate. ” means, with respect to any Collateral Loan, a credit estimate obtained from S&P in accordance withthe S&P’s ““Anatomy of a Credit Estimate Information Requirements” dated April 2011: What It Means and How We Do It” dated January 14, 2021 and any other available information S&P reasonably requests in order to produce a credit estimate for a particular asset.
Credit Estimate. ” means, with respect to any Collateral Loan, a credit estimate obtained from S&P in accordance withthe S&P’s ““Anatomy of a Credit Estimate Information Requirements” dated April 2011: What It Means and How We Do It” dated January 14, 2021 and any other available information S&P reasonably requests in order to produce a credit estimate for a particular asset.
Credit Estimate means, with respect to any Collateral Loan, a credit estimate rating obtained from Moody’s.