S&P Approved Ratings Value definition

S&P Approved Ratings Value means, on any date and with respect to any Eligible Collateral, the bid price obtained by the Valuation Agent multiplied by the S&P Approved Ratings Valuation Percentage for such Eligible Collateral set forth in paragraph 13(b)(ii).
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Examples of S&P Approved Ratings Value in a sentence

  • Each of Paragraph 8(b)(iv)(B) and Paragraph 11(a) is hereby amended by deleting the word “Value” and inserting in lieu thereof “least of the S&P Approved Ratings Value, S&P Required Ratings Value, ▇▇▇▇▇’▇ First Trigger Value and ▇▇▇▇▇’▇ Second Trigger Value”.

  • Paragraph 5(i)(C) is hereby amended by deleting the word “Value” and inserting in lieu thereof “the S&P Approved Ratings Value, S&P Required Ratings Value, ▇▇▇▇▇’▇ First Trigger Value or ▇▇▇▇▇’▇ Second Trigger Value, as applicable”.

  • Paragraph 4(d)(ii) is hereby amended by (A) deleting the words “a Value” and inserting in lieu thereof “an S&P Approved Ratings Value, S&P Required Ratings Value, ▇▇▇▇▇’▇ First Trigger Value or ▇▇▇▇▇’▇ Second Trigger Value, as applicable” and (B) deleting the words “the Value” and inserting in lieu thereof “the S&P Approved Ratings Value, S&P Required Ratings Value, ▇▇▇▇▇’▇ First Trigger Value or ▇▇▇▇▇’▇ Second Trigger Value, as applicable”.

  • Paragraph 5(ii) is hereby amended by (1) deleting the first instance of the words “the Value” and inserting in lieu thereof “any one or more of the S&P Approved Ratings Value, S&P Required Ratings Value, ▇▇▇▇▇’▇ First Trigger Value or ▇▇▇▇▇’▇ Second Trigger Value” and (2) deleting the second instance of the words “the Value” and inserting in lieu thereof “such disputed S&P Approved Ratings Value, S&P Required Ratings Value, ▇▇▇▇▇’▇ First Trigger Value or ▇▇▇▇▇’▇ Second Trigger Value, as applicable”.