S&P CDO Formula Election Date definition

S&P CDO Formula Election Date. The date designated by the Collateral Manager upon at least five Business Days’ prior written notice to S&P, the Trustee and the Collateral Administrator as the date on which the Issuer will cease to utilize the S&P CDO Monitor in determining compliance with the S&P CDO Monitor Test.
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S&P CDO Formula Election Date means the date designated by the Collateral Manager upon at least five Business Days' prior written notice to S&P, the Trustee and the Collateral
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S&P CDO Formula Election Date. The date designated by the Collateral Manager upon at least five Business Days’ prior written notice to S&P and the Trustee as the date on which the Issuer will begin to utilize the formula set forth in the definition of Class Scenario Default Rate in determining compliance with the S&P CDO Monitor Test.
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Examples of S&P CDO Formula Election Date in a sentence

  • A S&P CDO Formula Election Date may occur only once after an S&P CDO Model Election Date has occurred.

  • S&P CDO Monitor Formula Election Period: (i) The period from the Refinancing Date until the occurrence of an S&P CDO Model Election Date and (ii) thereafter, any date on and after an S&P CDO Formula Election Date so long as no S&P CDO Model Election Date has occurred since such S&P CDO Formula Election Date.

  • A S&P CDO Model Election Date may occur only once after an S&P CDO Formula Election Date has occurred S&P CDO Model Election Period: Any date on and after an S&P CDO Model Election Date so long as no S&P CDO Formula Election Date has occurred since such S&P CDO Model Election Date.


More Definitions of S&P CDO Formula Election Date

S&P CDO Formula Election Date means the date designated by the Collateral Manager upon prior written notice to S&P, the Trustee and the Collateral Administrator as the date on which the Issuer will begin to utilise the S&P CDO Adjusted BDR; provided that an S&P CDO Formula Election Date may only occur once.
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Related to S&P CDO Formula Election Date

  • Election Date has the meaning specified in Section 3.12(h).

  • Class A-1 Final Scheduled Distribution Date means the Distribution Date.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Regular primary election means the election on the fourth Tuesday of June of

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • LCA Election has the meaning specified in Section 1.09(a).

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Final Scheduled Distribution Date means with respect to (i) the Class A-1 Notes, the February 8, 2017 Distribution Date, (ii) the Class A-2-A Notes, the June 10, 2019 Distribution Date, (iii) the Class A-2-B Notes, the June 10, 2019 Distribution Date, (iv) the Class A-3 Notes, the October 8, 2020 Distribution Date, (v) the Class B Notes, the March 8, 2021 Distribution Date, (vi) the Class C Notes, the January 10, 2022 Distribution Date, (vii) the Class D Notes, the February 8, 2022 Distribution Date and (viii) the Class E Notes, the September 8, 2023 Distribution Date.

  • Excess Cash Flow Application Date as defined in Section 2.12(c).

  • Interest Calculation Date if applicable, shall have the meaning set forth in the Series Term Sheet.

  • Last Scheduled Distribution Date The Distribution Date in the month immediately following the month of the latest scheduled maturity date for any of the Mortgage Loans.

  • Class A-4 Final Scheduled Distribution Date means January 17, 2023.

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

  • Interest Calculation Period means the interest calculation period set out or referred to in item 5(d) of the Mortgage Form;

  • Class A-3 Final Scheduled Distribution Date means January 15, 2021.

  • Selection Date means, with respect to each New Account, the date on which such New Account is originated.

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Reinvestment Deferred Amount means, with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any of its Subsidiaries in connection therewith that are not applied to prepay the Loans pursuant to Section 2.09(b) as a result of the delivery of a Reinvestment Notice.

  • Eligibility Computation Period means a 12-consecutive month period beginning with your first day of employment. Any succeeding Eligibility Computation Period will then switch to the Plan Year, beginning with the Plan Year that includes your first anniversary of employment. You will generally earn an hour of service for each hour you are paid for the performance of duties for the Company (however, numerous exceptions and special rules apply).