Regional Diversity Measure. As of any date of determination, the number obtained by dividing (a) 1 by (b) the sum of the squares of the quotients, for each S&P Region Classification, obtained by dividing (i) the aggregate outstanding principal balance at such time of all Collateral Obligations (other than Defaulted Obligations) issued by Obligors that belong to such S&P Region Classification by (ii) the aggregate outstanding principal balance at such time of all Collateral Obligations (other than Defaulted Obligations).
Regional Diversity Measure. As of any date of determination, the number obtained by dividing (a) 1 by (b) the sum of the squares of the quotients, for each S&P region set forth in the regions and associated countries table included in the Global Methodology And Assumptions For CLOs And Corporate CDOs, obtained by dividing (i) the aggregate outstanding principal balance at such time of all Collateral Obligations (other than Defaulted Obligations) issued by Obligors that belong to such S&P region classification by (ii) the aggregate outstanding principal balance at such time of all Collateral Obligations (other than Defaulted Obligations).
Regional Diversity Measure. The meaning specified in Schedule 7.
Examples of Regional Diversity Measure in a sentence
IDM is the S&P Industry Diversity Measure; RDM is the S&P Regional Diversity Measure; and WAL is the S&P Weighted Average Life.
The only way to counter the spread of fake news is by producing more true news than there is fake news.
More Definitions of Regional Diversity Measure
Regional Diversity Measure means, as of any date of determination, the number obtained by dividing (a) 1 by (b) the sum of the squares of the quotients, for each S&P region code, obtained by dividing (i) the aggregate outstanding principal balance at such time of all Collateral Obligations (other than Defaulted Obligations) issued by Obligors that belong to such S&P region code by (ii) the aggregate outstanding principal balance at such time of all Collateral Obligations (other than Defaulted Obligations). For purposes of this definition the S&P region codes will be those most recently published by S&P for use pursuant to S&P’s non-model methodology for the S&P CDO Monitor Test.
Regional Diversity Measure means the figure derived by the Collateral Manager through the application of the formula for "Regional Diversity Measure" set forth on Schedule E attached hereto, which schedule may be amended from time to time to reflect the then-current formula provided by S&P.
Regional Diversity Measure means the figure derived by the Collateral Manager through the application of the formula for “Regional Diversity Measure” set forth on Schedule H attached hereto (which schedule may be amended from time to time to reflect the then-current formula provided by S&P) and application of the region codes as provided in S&P publication: “CDO Evaluator 7.2 Parameters Required To Calculate S&P Global Ratings Portfolio Benchmarks”, published March 27, 2017.
Regional Diversity Measure. As of any date of determination, the number obtained by dividing (a) 1 by (b) the sum of the squares of the quotients, for each S&P region classification (as determined by the Collateral Manager in accordance with S&P’s then-current ratings criteria), obtained by dividing (i) the Aggregate Principal Balance at such time of all Collateral Obligations (other than Defaulted Obligations) issued by Obligors that belong to such S&P region classification by (ii) the Aggregate Principal Balance at such time of all Collateral Obligations (other than Defaulted Obligations).
Regional Diversity Measure. As of any date of determination, the number obtained by dividing (a) 1 by (b) the sum of the squares of the quotients, for each S&P region classification, obtained by dividing (i) the aggregate outstanding Principal Balance at such time of all Collateral Obligations (other than Defaulted Obligations) issued by Obligors that belong to such S&P region classification by (ii) the aggregate outstanding Principal Balance at such time of all Collateral Obligations (other than Defaulted Obligations).
Regional Diversity Measure. As of any date of determination, the number equal to (A) the reciprocal of (B) the sum of the squares, determined with respect to each S&P Region Classification, of (i) the Principal Balance of each Collateral Obligation with an S&P Rating of “CCC-” or higher, the Obligor of which is categorized in such S&P Region Classification, divided by (ii) the aggregate Principal Balance on such date of all Collateral Obligations with an S&P Rating of “CCC-” or higher.
Regional Diversity Measure means the figure derived by the Collateral Manager through the application of the formula for "Regional Diversity Measure" set forth on Schedule H attached hereto.