Recovery Value definition

Recovery Value means, for each Defaulted Loan that has been a Defaulted Loan for less than one year, the lowest of:

Recovery Value means, for (x) each Defaulted Loan that has been a Defaulted Loan for less than one year and (y) each Collateral Loan held in the form of a Closing Date Participation after the date that is the 60 days after Closing Date, the lowest of:

Recovery Value means, with respect to a Defaulted Collateral Obligation, the lowest of:

Examples of Recovery Value in a sentence

• For the purposes hereof, reference to "Undeliverable Assets" in the definition of "Recovery Value" shall be deemed to be references to "Reference Assets".

• Reference Dealers: Such leading dealers, banks or banking corporations, which are notresident in the Reference Jurisdiction and which deal in obligations of the type of the Undeliverable Assets as are selected by the Calculation Agent in order to determine the Recovery Value.

• Recovery Value: The highest firm bid quotation that the Calculation Agent is able to obtain on the Valuation Date from the Reference Dealers for the sale to the Reference Dealers of the Undeliverable Assets in the Payment Currency payable outside the Reference Jurisdiction, provided that if none of the Reference Dealers provides such a firm quotation then the Recovery Value shall be determined by the Calculation Agent in its sole discretion.

• Recovery Value: The highest firm bid quotation that the Calculation Agent is able to obtain on the Valuation Date from the Reference Dealers for the sale to the Reference Dealers of the Undeliverable Assets in the Settlement Currency payable outside the Reference Jurisdiction, provided that if none of the Reference Dealers provides such a firm quotation then the Recovery Value shall be determined by the Calculation Agent, in its sole discretion.

• The Recovery Plan provides a ‘Recovery Needs Assessment’ and a “SWOT” (Strengths, Weaknesses, Opportunities, and Threats) analysis, a Recovery Strategy and a summary of Recovery Value, which include regional connections, implementation, and next steps.

More Definitions of Recovery Value

Recovery Value. ’ means the value, expressed as a percentage, of a claim against the obligor in respect of the relevant Collateral, as determined by the Swap Counterparty acting in good faith and in a commercially reasonable manner and by way of example but without limitation, the Swap Counterparty may in making this determination, take account of the mean of the market prices of all securities issued by the relevant obligor, disregarding any securities which have a market price which is at an artificially inflated level.

Recovery Value means with respect to Middle Market Loans and Broadly Syndicated Loans, 50%.

Recovery Value means either (x) the fair market value as of the time of distribution of any cash, securities or other property distributed in a bankruptcy case with respect to the Company in respect of an allowed claim in respect of principal based on the Credit Facility and an allowed interest based on the Shares plus, without duplication, the fair market value of any reinstated or substitute credit facility or other financial accommodation provided by the lender under the Credit Facility

Recovery Value means: (a) with respect to First Lien Loans, 45%; and (b) with respect to First Lien Last Out Loans, 20%.

Recovery Value means, in respect of any Infrastructure Debt Obligation, the product of (a) the outstanding principal amount thereof and (b) its Moody's Recovery Rate.

Recovery Value means in respect of each Defaulted Underlying Asset the sum of (subject to a minimum of zero):

Recovery Value means, for each applicable item of Collateral, the lowest of: