Recovery Rate definition

Recovery Rate means, in relation to any UK Four institution the percentage of the original face value of senior unsecured debt obligations of the affected UK Four institution, as derived by the Calculation Agent from either the ISDA Auction Final Price or the Market Value.

Recovery Rate means, in relation to any UK 5 institution, the percentage representing the Calculation Agent’s estimate, in its absolute discretion, of the amount that investors of unsecured, unsubordinated debt obligations issued or guaranteed by such UK 5 institution are likely to receive as a proportion of the amount they would have received if such UK 5 institution had not become insolvent.

Recovery Rate. : means the percentage rate, as determined by The International Swaps and Derivatives Association (ISDA) or Societe Generale, used to calculate the value of

Examples of Recovery Rate in a sentence

• If a "Zero Recovery Rate" is specified in respect of a Reference Entity, an investor will receive zero in relation to the Relevant Portion.

• If either a "General" or "Specific" Recovery Rate is specified and such Recovery Rate in respect of the Parallel Credit Reference Entity is less than 100 per cent., an investor may get back less than their initial investment in relation to the entire Note.

• Rate Case Expense Recovery – Rate Case Expense Recovery will be calculated and adjusted periodically as defined in the Company’s applicable Rate Case Expense Recovery Rate Schedule.

• If either a "General" or "Specific" Recovery Rate is specified and such Recovery Rate in respect of a Reference Entity is less than 100 per cent., an investor may get back less than their initial investment in relation to the Relevant Portion.

• For purposes of calculating the Collateral Quality Test, DIP Collateral Obligations will be treated as having an S&P Recovery Rate equal to the S&P Recovery Rate for Senior Secured Loans.

More Definitions of Recovery Rate

Recovery Rate. : means the percentage rate, as determined by the International Swaps and Derivatives Association (ISDA) or Societe Generale, used to calculate the value of the affected proportion of the Plan in the event that any of the UK3 experience a Credit Event.

Recovery Rate means, in relation to any Financial Institution the percentage of the original face value of senior unsecured debt obligations of the affected Financial Institution, as derived by the Calculation Agent from either the ISDA Auction Final Price or the Market Value.

Recovery Rate. : means the percentage rate, as determined by The International Swaps and Derivatives Association (ISDA) or Societe Generale, used to calculate the value of the affected proportion of the Plan in the event of a default of any of the UK Four.

Recovery Rate means, with respect to any Monthly Period, an amount equal to the quotient (expressed as a percentage) of (a) all Recoveries during such Monthly Period and the two preceding Monthly Periods, divided by (b) the Outstanding Receivables Balance of all Receivables that became Defaulted Receivables during such Monthly Period and the two preceding Monthly Periods.

Recovery Rate means the rate at which the brand owner’s consumer packaging material is recovered using the formula—

Recovery Rate means, in relation to any Financial Institution and the UK Government, the percentage of the original face value of senior unsecured debt obligations of the affected Financial Institution or the UK Government, as applicable, as derived by the Calculation Agent from either the ISDA Auction Final Price or the Market Value.

Recovery Rate means, as of any Calculation Date, the arithmetic average of the Monthly Recovery Rates for the most recent three months.