Fitch Weighted Average Rating Factor definition
Fitch Weighted Average Rating Factor. The number determined by (a) summing the products of (i) the Principal Balance of each Collateral Obligation multiplied by (ii) its Fitch Rating Factor, (b) dividing such sum by the aggregate Principal Balance of all such Collateral Obligations and (c) rounding the result down to the nearest two decimal places. For the purposes of determining the Principal Balance and aggregate Principal Balance of Collateral Obligations in this definition, the Principal Balance of each Defaulted Obligation shall be excluded.
Fitch Weighted Average Rating Factor means, as of any Measurement Date, the percentage obtained by dividing (a) the sum of the products obtained by multiplying the Outstanding Loan Balance of each Loan (excluding any Delinquent Loans) by its Fitch Rating Factor as of such date by (b) the Aggregate Outstanding Loan Balance of all Loans owned by the Issuer (excluding any Delinquent Loans) as of such date.
Fitch Weighted Average Rating Factor means the number determined on any Calculation Date by dividing (i) the summation of the series of products obtained (a) for any Collateral Debt Security that is not a Defaulted Security or Deferred Interest ▇▇▇ ▇▇▇▇, by multiplying (1) the Principal Balance on such Calculation Date of each such Collateral Debt Security by (2) its respective Fitch Rating Factor on such Calculation Date and (b) for any Defaulted Security or Deferred Interest ▇▇▇ ▇▇▇▇, by multiplying (1) the Applicable Recovery Rate for such Defaulted Security or Deferred Interest ▇▇▇ ▇▇▇▇ by (2) the Principal Balance on such Calculation Date of each such Defaulted Security or Deferred Interest ▇▇▇ ▇▇▇▇ by (3) its respective Fitch Rating Factor on such Calculation Date by (ii) the sum of (a) the aggregate Principal Balance on such Calculation Date of all Collateral Debt Securities and Eligible Investments that are not Defaulted Securities or Deferred Interest PIK Bonds, plus (b) the summation of the series of products obtained by multiplying (1) the Applicable Recovery Rate for each Defaulted Security or Deferred Interest ▇▇▇ ▇▇▇▇ by (2) the Principal Balance on such Calculation Date of such Defaulted Security or Deferred Interest ▇▇▇ ▇▇▇▇, and rounding the result up to the nearest whole number.
More Definitions of Fitch Weighted Average Rating Factor
Fitch Weighted Average Rating Factor means the number determined by (a) summing the products of (i) the Principal Balance of each Underlying Asset multiplied by (ii) its Fitch Rating Factor, (b) dividing such sum by the Aggregate Principal Balance of all such Underlying Assets and (c) rounding the result down to the nearest two decimal places. For the
Fitch Weighted Average Rating Factor. The number determined by (a) summing the products determined with respect to each Collateral Obligation by multiplying (i) the Principal Balance of such Collateral Obligation and (ii) the Fitch Rating Factor applicable to such Collateral Obligation, (b) dividing such sum by the Aggregate Principal Balance of all such Collateral Obligations and (c) rounding the result down to the nearest two decimal places. For purposes of determining the Principal Balance and Aggregate Principal Balance of Collateral Obligations in this definition, the Principal Balance of each Defaulted Obligation will be excluded. “Fixed Rate Obligation”: Any Collateral Obligation that bears a fixed rate of interest. “Floating Rate Obligation”: Any Collateral Obligation that bears a floating rate of interest. “GAAP”: The meaning specified in Section 6.3(j). “Global Note”: Any Rule 144A Global Note or Regulation S Global Note.
Fitch Weighted Average Rating Factor. The number on any Measurement Date calculated by dividing (i) the sum of the series of products obtained for any Collateral Debt Security or Fitch Hypertranched Collateral Debt Security that is not a Defaulted Security, by multiplying (1) the Principal Balance on such Measurement Date of each such Collateral Debt Security or in the case of a Fitch Hypertranched Collateral Debt Security, the principal balance of each tranche of such security by (2) its respective Fitch Rating Factor on such Measurement Date by (ii) the sum of (a) the aggregate Principal Balance on such Measurement Date of all Collateral Debt Securities and Fitch Hypertranched Collateral Debt Securities that are not Defaulted Securities.
Fitch Weighted Average Rating Factor means the number determined by
Fitch Weighted Average Rating Factor. The number on any Measurement Date calculated by dividing (i) the sum of the series of products obtained for any Collateral Debt Security or Fitch Hypertranched Collateral Debt Security that is not a Defaulted Security, by multiplying (1) the Principal Balance on such Measurement Date of each such Collateral Debt Security or in the case of a Fitch Hypertranched Collateral Debt Security, the principal balance of each tranche of such security by (2) its respective Fitch Rating Factor on such Measurement Date by (ii) the sum of (a) the aggregate Principal Balance on such Measurement Date of all Collateral Debt Securities and Fitch Hypertranched Collateral Debt Securities that are not Defaulted Securities.