Risk Factor Rating means, with respect to any Portfolio Investment, a rating assigned by the Borrower from time to time to such Portfolio Investment by, at the Borrower’s option, either (i) using a public rating of the Portfolio Company from Moody’s; (ii) using a comparable shadow rating performed by a Moody’s analyst with respect to the Portfolio Company Data relating to such Portfolio Investment; (iii) if such a public rating or comparable shadow rating referred to in clauses (i) and (ii) above is not available, using a comparable rating determined by the Borrower inputting the Portfolio Company Data relating to such Portfolio Investment into RiskCalc (Moody’s KMV Expected Default Frequency model); or (iv) determining a rating by another method that has been approved for such Portfolio Investment by the Administrative Agent and Lenders (which approval, for the avoidance of doubt, may be given electronically) holding not less than two-thirds of the total Revolving Credit Exposures and unused Commitments.
Risk Factor Rating means, with respect to any Portfolio Investment, a rating assigned by the Borrower from time to time to such Portfolio Investment by, at the Borrower’s option, either (i) using a public rating of the Portfolio Company from Mxxxx’x; (ii) using a comparable shadow rating performed by a Mxxxx’x analyst with respect to the Portfolio Company Data relating to such Portfolio Investment; (iii) if such a public rating or comparable shadow rating referred to in clauses (i) and (ii) above is not available, using a comparable rating determined by the Borrower inputting the Portfolio Company Data relating to such Portfolio Investment into RiskCalc (Mxxxx’x KMV Expected Default Frequency model); or (iv) determining a rating by another method that has been approved for such Portfolio Investment by the Administrative Agent and Lenders (which approval, for the avoidance of doubt, may be given electronically) holding not less than two-thirds of the total Revolving Credit Exposures and unused Commitments.
Risk Factor Rating means, with respect to any Portfolio Investment, a rating assigned by the Borrower from time to time to such Portfolio Investment by, at the Borrower’s option, either (i) inputting the Portfolio Company Data relating to such Portfolio Investment into RiskCalc (Xxxxx’x KMV Expected Default Frequency model), (ii) using a comparable shadow rating performed by a Moody’s analyst with respect to such Portfolio Company Data, (iii) obtaining (or using) an actual rating from Xxxxx’x or (iv) determining a rating by another method that has been approved for such Portfolio Investment by the Administrative Agent and Lenders (which approval, for the avoidance of doubt, may be given electronically) holding not less than two-thirds of the total Revolving Credit Exposures and unused Commitments.
Examples of Risk Factor Rating in a sentence
Other relevant building details.Adequate completion of the ‘‘V-Zone Risk Factor Rating Form’’ is sufficient for FEMA to determine whether a rate adjustment is appropriate.
The endorsement effective date is either the date the V-Zone Risk Factor Rating Form was certified or the effective date of the current policy year, whichever is later.
LOWEST FLOOR ELEVATION and Item IV.A.1. Free of Obstruction because these factors are included in the rate prior to application of any V-Zone Risk Factor Rating Credit.
The endorsement effective date is either the date the V-Zone Risk Factor Rating Form was certified or the effective date of the current policy year, whichever is later.• Use of the Federal Emergency Management Agency (FEMA) Special Rates (see the Rating section).
Rating AdjustmentNFIP rules require that the policy must be in effect in order to process refunds.Rating adjustments will be allowed for only the current year for the following situations: Use of the V-Zone Risk Factor Rating Form.
More Definitions of Risk Factor Rating
Risk Factor Rating means, with respect to any Portfolio Investment (other than an ABL Transaction), a rating assigned by the Borrower from time to time to such Portfolio Investment by, at the Borrower’s option, either (i) using a public or private rating of the Portfolio Company from Mxxxx’x; (ii) using a comparable shadow rating performed by a Mxxxx’x analyst with respect to the Portfolio Investment; (iii) if such a public or private rating or comparable shadow rating referred to in clauses (i) and (ii) above is not available, using a comparable rating determined by the Borrower inputting the Portfolio Company Data relating to such Portfolio Investment into RiskCalc (Mxxxx’x KMV Expected Default Frequency model); or (iv) determining a rating by another method that has been approved for such Portfolio Investment by the Administrative Agent and Lenders (which approval, for the avoidance of doubt, may be given electronically) holding at least two-thirds of the total Revolving Credit Exposures and unused Commitments.
Risk Factor Rating is defined in Section 5.12(d).
Risk Factor Rating means, with respect to any Portfolio Investment, a rating assigned by the Borrower from time to time to such Portfolio Investment by, at the Borrower’s option, either (i) using a public rating of the Portfolio Company from Mxxxx’x; (ii) using a comparable shadow rating performed by a Mxxxx’x analyst with respect to the Portfolio Company Data relating to such Portfolio Investment; (iii) if such a public rating or comparable shadow rating referred to in clauses (i) and (ii) above is not available, using a comparable rating determined by the Borrower inputting the Portfolio Company Data relating to such Portfolio Investment into RiskCalc (Mxxxx’x KMV Expected Default Frequency model); or (iv) determining a rating by another method that has been approved for such Portfolio Investment (x) under the Revolving Credit Facility or (y) by the Administrative Agent and Lenders (which approval, for the avoidance of doubt, may be given electronically) holding not less than two-thirds of the total outstanding principal amount of the Loans.
Risk Factor Rating means, with respect to any Loan (excluding any Real Estate Loan or and Specialty Finance Loan, which shall not be required to have a Risk Factor Rating), determined on the date of acquisition and on each Risk Factor Rating Trigger Date with respect to such Loan, the number set forth on Schedule 7 which corresponds to the “bond default rating” and estimated default frequency for the Obligor of such Loan obtained by inputting current data related to such Obligor into Xxxxx’x RiskCalc to produce a “bond default rating” based on the one-year and five-year expected default frequency; provided, however, that the Collateral Manager may substitute (i) a credit estimate issued by Xxxxx’x which assigns a specific Risk Factor Rating or (ii) a private or public rating issued by any of S&P, Fitch or Xxxxx’x as the “bond default rating” in lieu of the “bond default rating” determined by Xxxxx’x RiskCalc. For purposes of determining the Risk Factor Rating in accordance with Schedule 7 solely with respect to a Loan with a “bond default rating” determined by Xxxxx’x RiskCalc, (i) a Loan with a Xxxxx’x RiskCalc “bond default rating” of Baa3 or better will be deemed to have a “bond default rating” of Ba3, (ii) a Loan with a Xxxxx’x RiskCalc “bond default rating” of Ba1 will be deemed to have a “bond default rating” of B1, (iii) a Loan with a Xxxxx’x RiskCalc “bond default rating” of Ba2, Ba3 or B1 will be deemed to have a “bond default rating” of B2, and (iv) a Loan with a Xxxxx’x RiskCalc “bond default rating” of B2 will be deemed to have a “bond default rating” of B3. Notwithstanding anything herein to the contrary, (x) the Risk Factor Rating of a Recurring Revenue Loan of an Obligor with TTM EBITDA of less than $0 will be deemed to be 4770, (y) the Risk Factor Rating of a Recurring Revenue Loan of an Obligor with TTM EBITDA of greater than or equal to $0 but less than $5,000,000 will be deemed to be (1) if the ratio of such Loan to such Obligor’s TTM Recurring Revenue is greater than 2.00x, 4770 or (2) if the ratio of such Loan to such Obligor’s TTM Recurring Revenue is less than or equal to 2.00x, 3490 and (z) the Risk Factor Rating of a Recurring Revenue Loan of an Obligor with TTM EBITDA of greater than or equal to $5,000,000 (i) will be deemed to be 4770 if the ratio of such Loan to such Obligor’s TTM Recurring Revenue is greater than 2.00x or (2) will otherwise be determined in accordance with the provisions of this definition and Schedule 7; provided, however that t...
Risk Factor Rating means, with respect to any Portfolio Investment, a rating assigned by the Borrower from time to time to such Portfolio Investment by, at the Borrower’s option, either (i) using a public or private rating of the Portfolio Company from Xxxxx’x; (ii) using a comparable shadow rating performed by a Xxxxx’x analyst with respect to the Portfolio Investment; (iii) if such a public or private rating or comparable shadow rating referred to in clauses (i) and (ii) above is not available, using a comparable rating determined by the Borrower inputting the Portfolio Company Data relating to such Portfolio Investment into RiskCalc (Xxxxx’x KMV Expected Default Frequency model); or (iv) determining a rating by another method that has been approved for such Portfolio Investment by the Administrative Agent and Lenders (which approval, for the avoidance of doubt, may be given electronically) holding not less than two-thirds of the total Revolving Credit Exposures and unused Commitments.
Risk Factor Rating means, with respect to any Portfolio Investment, a rating assigned by the Borrower from time to time to such Portfolio Investment by (i) using a public rating of the Portfolio Company from S&P or Xxxxx’x; (ii) if such public rating referred to in clause (i) is not available, using a comparable shadow rating performed by an S&P or a Xxxxx’x analyst with respect to the Portfolio Company Data relating to such Portfolio Investment (as such shadow rating remains in effect from time to time, and which shall be maintained by the underlying obligor), (iii) if such a public rating or comparable shadow rating referred to in clauses (i) and (ii) above is not available, using a comparable rating determined by the Borrower inputting the Portfolio Company Data relating to such Portfolio Investment into RiskCalc (Xxxxx’x KMV Expected Default Frequency model), provided that such rating shall not be older than six months or based on financial statements that are older than six months; or (iv) determining a rating by another method that has been approved for such Portfolio Investment by the Administrative Agent and Lenders (which approval, for the avoidance of doubt, may be given electronically) holding not less than two-thirds of the total Revolving Credit Exposures and unused Commitments; provided that, with respect to any Portfolio Investment for which the underlying Portfolio Company has EBITDA of less than $20,000,000 on a trailing twelve month basis, the Risk Factor Rating assigned under to such Portfolio Investment for purposes of this Agreement shall not exceed Ba1/BB+. For clarity, if a Risk Factor Rating is available under clauses (i) or (ii) of this definition from both S&P and Xxxxx’x, the higher rating shall apply.
Risk Factor Rating means, with respect to any Portfolio Investment, a rating assigned by the Borrower from time to time to such Portfolio