Credit Risk Criteria definition

Credit Risk Criteria. The criteria that will be met if, with respect to any Collateral Obligation, any of the following occur:

Credit Risk Criteria means the criteria that will be satisfied in respect of a Collateral Obligation if any of the following apply to such Collateral Obligation, as determined by the Collateral Manager in its reasonable discretion (which judgment will not be called into question as a result of subsequent events):

Credit Risk Criteria means the criteria that will be met with respect to any Collateral Debt Obligation if:

Examples of Credit Risk Criteria in a sentence

• Upon the designation of any Credit Risk Obligation using the Credit Risk Criteria, the Portfolio Manager shall notify the Collateral Administrator of any Loan Pricing Change described in clause (i) above.

• Upon the designation of any Credit Risk Obligation using the Credit Risk Criteria, the Portfolio Manager shall notify the Collateral Administrator of any Loan Pricing Change or Bond Yield Change described in clause (i) or (ii) above.

• Due to the timing of investment maturities, required operational cashflows, and availability of specific investment credits and asset classes in the marketplace, the portfolio from time to time may not be in compliance with the Credit Risk Criteria (Schedule 5.1).

• Investments must meet a minimum credit rating as documented on the Investment Credit Risk Criteria in Schedule 5.1.

• If an investment credit rating is downgraded to below the minimum as set out in the Investment Credit Risk Criteria, it will be disposed of as expeditiously as possible without compromising the portfolio.

More Definitions of Credit Risk Criteria

Credit Risk Criteria means the criteria that will be met with respect to any Collateral Debt Obligation if any of the following occur:

Credit Risk Criteria means with respect to any Collateral Debt Obligation, the occurrence and continuance of any of the following:

Credit Risk Criteria. The criteria that will be met with respect to any Collateral Obligation if: (i) (i) ifthe price of such Collateral Obligation is a loan, the price of such loan has changed during the period from the date on which it was acquired by the Issuer to the proposed sale date by a percentage either at least 0.25% more negative, or at least 0.25% less positive, as the case may be, than the percentage change in the average price of any index specified on the Approved Index List;

Credit Risk Criteria means, the criteria that will be met with respect to any Collateral Debt Obligation, any of the following criteria if, as determined by the Collateral Manager in its sole discretion:

Credit Risk Criteria means, with respect to any Underlying Asset, the occurrence of any of the following: (i) such Underlying Asset has been downgraded or put on a watch list for possible downgrade by either of the Rating Agencies since the date on w hich such Underlying Asset wa s acquired by the Issuer, (ii) if such Underlying Asse t is a Structured Finance O bligation or a Synthetic Sec urity referenced on a Structured Finance Obligation, the issuer thereof has failed any of its coverage tests or is paying interest payments "in kind" or (iii) if such Underlying Asset is an Underlying Asset other than a Structured Finance Obligation or a Synthetic Security referenced on a Structured Finance Obligation (x) with respect to Synthetic Securities referencing an asset other than a Structured Finance Security or a Loan, such Underlying Asset changed in price during the period from the date on which it was purchased by the Issuer to the date of determination by a percentage either more negative, or less positive, as the case may be, then the percentage change in the Merrill Lynch High Yield Index, Bloomberg ticker JOAO, Average Price Option less 3.00%, over the same period or (y) with respe ct to Loans, the market value of such Underlying Asset has changed during the period from the date on which it was purchased b y the Issuer to the date of determination by a p ercentage either more neg ative, or less positive, as the case may be, then the percentage change in the average price of an Eligible Loan Index less 0.50% over the same period.

Credit Risk Criteria means the criteria that will be satisfied in respect of a Collateral Obligation if any of the following apply to such Collateral Obligation, as determined by the Collateral Manager in accordance with the standard of care set out in the Collateral Management and Administration Agreement (which determination will not be called into question as a result of subsequent events):

Credit Risk Criteria means (i) with respect to Fixed Rate Collateral Debt Securities, the Pricing Spread increase since the date of purchase of (a) 0.50 per cent. or more, if the original Pricing Spread was 2 per cent. or more, or (b) 0.25 per cent. or more, if the original Pricing Spread was less than 2 per cent., or (ii) with respect to Floating Rate Collateral Debt Securities, a decrease in Market Value to 102 per cent. (or less) of the original purchase price;