Moody’s Recovery Rate definition

Moody’s Recovery Rate. With respect to any Collateral Obligation, as of any date of determination, the recovery rate determined in accordance with the following, in the following order of priority:

Moody’s Recovery Rate means, in respect of each Collateral Debt Obligation, the recovery rate determined in accordance with the Investment Management Agreement or as so advised by Moody’s.

Moody’s Recovery Rate means, in respect of each Collateral Debt Obligation, the recovery rate determined in accordance with the Investment Management Agreement.

Examples of Moody’s Recovery Rate in a sentence

• Moody’s Recovery Rate “Moody’s Recovery Rate” means, with respect to a Defaulted Reference Obligation, the relevant figure (expressed as a percentage) determined by the Calculation Agent in accordance with Moody’s methodology in effect from time to time using the table set out in Schedule 1 hereto.

• The “Weighted Average Moody’s Recovery Rate” is, as of any date of determination, the number, expressed as a percentage, obtained by summing the product of the Moody’s Recovery Rate on such Measurement Date of each Collateral Obligation and the principal balance of such Collateral Obligation, dividing such sum by the aggregate principal balance of all such Collateral Obligations and rounding up to the first decimal place.

• The Moody’s Recovery Rate of a Collateral Obligation listed in Column B that does not have both a corporate family rating and an instrument rating from Moody’s will be determined under Column C.

• Weighted Average Moody’s Recovery Rate: As of any date of determination, the number, expressed as a percentage, obtained by summing the product of the Moody’s Recovery Rate on such Measurement Date of each Collateral Obligation and the Principal Balance of such Collateral Obligation (excluding any Defaulted Obligations), dividing such sum by the Aggregate Principal Balance of all such Collateral Obligations and rounding up to the first decimal place.

• The “Minimum Weighted Average Moody’s Recovery Rate Test” will be satisfied on any date of determination if the Weighted Average Moody’s Recovery Rate equals or exceeds 44.0%.

More Definitions of Moody’s Recovery Rate

Moody’s Recovery Rate. With respect to any Collateral Debt Security on any Measurement Date, an amount equal to (A) if the Specified Type of Collateral Debt Security is included in the table attached as Schedule A (the Moody’s Recovery Rate Assumptions) hereto, the percentage for such Collateral Debt Security set forth in Schedule A (the Moody’s Recovery Rate Assumptions) hereto in (x) the table corresponding to the relevant Specified Type of Collateral Debt Security, (y) the column in such table setting forth the Xxxxx’x Rating of such Collateral Debt Security on such Measurement Date and (z) the row in such table opposite the percentage of the issue of which such Collateral Debt Security is a part relative to the total capitalization of (including both debt and equity securities issued by) the relevant issuer of or obligor on such Collateral Debt Security determined on the date on which such Collateral Debt Security was originally issued or (B) if the Specified Type of Collateral Debt Security is not included in the table set forth in Schedule A (the Moody’s Recovery Rate Assumptions) hereto, the Recovery Rate set forth following such table with respect to the applicable Specified Type.

Moody’s Recovery Rate has the meaning assigned to that term in Annex E.

Moody’s Recovery Rate means, in respect of each Collateral Debt Obligation, the recovery rate determined in accordance with the Investment Management Agreement or as so advised by Moody’s, provided always that Moody’s shall be required to confirm the Moody’s Recovery Rate applicable to any Intermediary Obligation that is a credit default swap.

Moody’s Recovery Rate means any of the recovery rates set forth in the definition of "Moody's Weighted Average Recovery Rate" under the caption "Moody's Priority Category Recovery Rate".

Moody’s Recovery Rate means, with respect to a Collateral Interest on any Measurement Date, an amount equal to the percentage for such Collateral Interest set forth in the Moody’s Recovery Rate Matrix attached as Schedule C hereto) in (x) the applicable table and (y) the row in such table opposite the Xxxxx’x Rating (determined in accordance with procedures prescribed by Moody’s for such Collateral Interest on the date of its purchase by the Issuer or, in the case of an Impaired Interest, the Xxxxx’x Rating immediately prior to default).

Moody’s Recovery Rate means, with respect to any Loan, the recovery rate specified by Moody’s for such Loan; provided that (i) the Moody’s Recovery Rate for any Loan for which the Xxxxx’x Rating has been determined pursuant to clause (e) of the definition of “Xxxxx’x Rating”, shall be determined in accordance with Annex B, and (ii) prior to the time that such recovery rate has been specified by Moody’s or so determined, the Moody’s Recovery Rate with respect to such loan shall be deemed to be the percentage specified in the table below: Moody’s Category Recovery Rate Type 1: U.S. or Canadian Obligor senior secured Loan with first priority perfected Lien 50% Type 2: U.S. or Canadian Obligor senior secured “second lien” or “last-out” Loan 40% Type 3: U.S. or Canadian Obligor senior unsecured Loan 30% Type 4: Non-U.S., Non-Canadian Obligor any Loan 0%

Moody’s Recovery Rate means, with respect to a Defaulted Obligation, at each Measurement Date: